NatWest Group (NYSE:NWG) Sets New 52-Week High – Still a Buy?

NatWest Group plc (NYSE:NWG) hit a new 52-week high during trading on Thursday . The company traded as high as $12.08 and last traded at $12.05, with a volume of 14829314 shares trading hands. The stock had previously closed at $11.80.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods raised shares of NatWest Group from a “hold” rating to a “moderate buy” rating in a research note on Monday, November 4th. Three equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy”.

NatWest Group Price Performance

The company has a market capitalization of $48.51 billion, a price-to-earnings ratio of 8.86, a PEG ratio of 0.85 and a beta of 1.30. The company’s 50 day simple moving average is $10.57 and its 200-day simple moving average is $9.91. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.16.

NatWest Group (NYSE:NWG) last released its quarterly earnings results on Friday, February 14th. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.11. The firm had revenue of $4.90 billion for the quarter, compared to analyst estimates of $3.75 billion. On average, equities research analysts predict that NatWest Group plc will post 1.35 earnings per share for the current fiscal year.

NatWest Group Increases Dividend

The business also recently announced a semi-annual dividend, which will be paid on Monday, April 28th. Investors of record on Friday, March 14th will be given a $0.3899 dividend. The ex-dividend date is Friday, March 14th. This is a boost from NatWest Group’s previous semi-annual dividend of $0.36. This represents a dividend yield of 3.8%. NatWest Group’s dividend payout ratio (DPR) is currently 55.88%.

Institutional Investors Weigh In On NatWest Group

Hedge funds have recently modified their holdings of the stock. Private Trust Co. NA boosted its position in shares of NatWest Group by 121.3% in the third quarter. Private Trust Co. NA now owns 2,735 shares of the company’s stock worth $26,000 after acquiring an additional 1,499 shares during the last quarter. Whipplewood Advisors LLC acquired a new stake in shares of NatWest Group in the fourth quarter worth approximately $27,000. Hilltop National Bank acquired a new stake in shares of NatWest Group in the fourth quarter worth approximately $29,000. First Horizon Advisors Inc. boosted its position in shares of NatWest Group by 161.4% in the fourth quarter. First Horizon Advisors Inc. now owns 2,894 shares of the company’s stock worth $29,000 after acquiring an additional 1,787 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of NatWest Group in the third quarter worth approximately $33,000. 1.27% of the stock is owned by institutional investors and hedge funds.

About NatWest Group

NatWest Group plc, together with its subsidiaries, provides banking and financial products and services to personal, commercial, corporate, and institutional customers in the United Kingdom and internationally. It operates through Retail Banking, Private Banking, and Commercial & Institutional segments.