NatWest Group plc (NYSE:NWG) Short Interest Update

NatWest Group plc (NYSE:NWG) was the target of a large increase in short interest in the month of February. As of February 15th, there was short interest totalling 1,720,000 shares, an increase of 26.5% from the January 31st total of 1,360,000 shares. Based on an average daily trading volume, of 2,690,000 shares, the short-interest ratio is presently 0.6 days. Currently, 0.0% of the company’s shares are sold short.

NatWest Group Trading Down 3.9 %

NYSE NWG opened at $12.09 on Friday. The firm has a market capitalization of $48.67 billion, a PE ratio of 8.89, a price-to-earnings-growth ratio of 0.85 and a beta of 1.22. The business’s 50-day moving average price is $10.82 and its two-hundred day moving average price is $10.04. 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 has a 12 month low of $6.17 and a 12 month high of $12.65.

NatWest Group (NYSE:NWG) last announced its earnings results on Friday, February 14th. The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.26 by $0.11. The company had revenue of $4.90 billion during the quarter, compared to the consensus estimate of $3.75 billion. On average, analysts expect that NatWest Group will post 1.35 EPS for the current year.

NatWest Group Increases Dividend

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

Hedge Funds Weigh In On NatWest Group

Several hedge funds and other institutional investors have recently bought and sold shares of NWG. Private Trust Co. NA lifted its stake in shares of NatWest Group by 121.3% in the 3rd quarter. Private Trust Co. NA now owns 2,735 shares of the company’s stock valued at $26,000 after purchasing an additional 1,499 shares during the period. Whipplewood Advisors LLC acquired a new stake in shares of NatWest Group during the 4th quarter worth approximately $27,000. Hilltop National Bank bought a new stake in shares of NatWest Group in the 4th quarter valued at $29,000. First Horizon Advisors Inc. lifted its position in shares of NatWest Group by 161.4% during the 4th quarter. First Horizon Advisors Inc. now owns 2,894 shares of the company’s stock valued at $29,000 after acquiring an additional 1,787 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new position in NatWest Group during the third quarter worth $33,000. Institutional investors and hedge funds own 1.27% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, BNP Paribas cut shares of NatWest Group from an “outperform” rating to a “neutral” rating in a research report on Tuesday. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy”.

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.