NatWest Group (NYSE:NWG) Shares Gap Up to $7.38

NatWest Group plc (NYSE:NWG) gapped up before the market opened on Friday . The stock had previously closed at $7.38, but opened at $7.79. NatWest Group shares last traded at $7.79, with a volume of 811,128 shares.

NatWest Group Price Performance

The stock’s fifty day moving average is $6.61 and its 200-day moving average is $5.81. The stock has a market capitalization of $34.26 billion, a PE ratio of 7.20, a P/E/G ratio of 4.43 and a beta of 1.42. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.06 and a quick ratio of 1.06.

NatWest Group (NYSE:NWG) last posted its quarterly earnings data on Friday, February 16th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.14. The company had revenue of $4.39 billion for the quarter. As a group, equities analysts predict that NatWest Group plc will post 0.93 earnings per share for the current fiscal year.

NatWest Group Increases Dividend

The firm also recently declared a — dividend, which will be paid on Monday, April 29th. Stockholders of record on Friday, March 15th will be paid a $0.2896 dividend. This is an increase from NatWest Group’s previous — dividend of $0.14. This represents a dividend yield of 6.4%. The ex-dividend date of this dividend is Thursday, March 14th.

Hedge Funds Weigh In On NatWest Group

Several hedge funds and other institutional investors have recently modified their holdings of NWG. NBC Securities Inc. purchased a new position in shares of NatWest Group in the third quarter worth about $25,000. Paradigm Asset Management Co. LLC acquired a new stake in NatWest Group during the third quarter worth about $26,000. Barclays PLC acquired a new stake in NatWest Group during the second quarter worth about $35,000. Addison Advisors LLC increased its position in NatWest Group by 48.9% during the fourth quarter. Addison Advisors LLC now owns 6,520 shares of the company’s stock worth $37,000 after purchasing an additional 2,141 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new stake in NatWest Group during the first quarter worth about $44,000. 1.27% of the stock is owned by hedge funds and other institutional investors.

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.