NatWest Group (NYSE:NWG) Shares Gap Up Following Strong Earnings

NatWest Group plc (NYSE:NWG) shares gapped up before the market opened on Friday following a stronger than expected earnings report. 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 traded.

The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.23 by $0.03. The firm had revenue of $3.48 billion during the quarter.

NatWest Group Increases Dividend

The company also recently disclosed a — dividend, which will be paid on Monday, April 29th. Shareholders of record on Friday, March 15th will be given a dividend of $0.2896 per share. This represents a yield of 6.4%. This is a boost from NatWest Group’s previous — dividend of $0.14. The ex-dividend date of this dividend is Thursday, March 14th.

Institutional Trading of NatWest Group

Hedge funds and other institutional investors have recently modified their holdings of the business. First Trust Direct Indexing L.P. lifted its position in shares of NatWest Group by 4.9% in the first quarter. First Trust Direct Indexing L.P. now owns 31,986 shares of the company’s stock worth $218,000 after purchasing an additional 1,501 shares in the last quarter. Addison Advisors LLC lifted its position in NatWest Group by 48.9% in the 4th quarter. Addison Advisors LLC now owns 6,520 shares of the company’s stock worth $37,000 after buying an additional 2,141 shares in the last quarter. Legacy Wealth Asset Management LLC boosted its stake in shares of NatWest Group by 2.4% during the 1st quarter. Legacy Wealth Asset Management LLC now owns 97,668 shares of the company’s stock valued at $664,000 after buying an additional 2,268 shares during the period. HighTower Advisors LLC grew its holdings in shares of NatWest Group by 2.5% during the 3rd quarter. HighTower Advisors LLC now owns 94,495 shares of the company’s stock valued at $545,000 after acquiring an additional 2,302 shares in the last quarter. Finally, M&T Bank Corp increased its stake in shares of NatWest Group by 13.8% in the third quarter. M&T Bank Corp now owns 19,602 shares of the company’s stock worth $114,000 after acquiring an additional 2,376 shares during the last quarter. Institutional investors and hedge funds own 1.27% of the company’s stock.

NatWest Group Trading Up 6.2 %

The firm has a market capitalization of $34.26 billion, a PE ratio of 7.33, a price-to-earnings-growth ratio of 4.51 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. The company has a fifty day moving average of $6.65 and a 200-day moving average of $5.83.

NatWest Group Company Profile

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.