Shares of NatWest Group plc (NYSE:NWG – Get Rating) will split upside down on the morning of Tuesday, August 30. The reverse 13-14 split was announced on Tuesday, August 30. The number of shares held by shareholders will be adjusted after the closing bell on Tuesday August 30.
Performance of NatWest group shares
NatWest Group shares opened at $6.48 on Friday. The company’s 50-day moving average price is $5.67 and its 200-day moving average price is $5.79. NatWest Group has a 12-month low of $4.99 and a 12-month high of $6.99. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt ratio of 0.21. The company has a market capitalization of $33.77 billion, a PE ratio of 9.13, a growth price-earnings ratio of 0.37 and a beta of 1.23.
The NatWest group reduces its dividend
The company also recently declared a — dividend, which will be paid on Friday, September 16. Investors of record on Friday August 26 will receive a dividend of $0.1957 per share. The ex-dividend date is Thursday, August 25. This represents a dividend yield of 4.3%. NatWest Group’s dividend payout ratio is currently 53.52%.
Analysts set new price targets
A number of research companies have recently commented on NWG. Bank of America raised its price target on NatWest Group shares from GBX 335 ($4.05) to GBX 360 ($4.35) in a Tuesday, April 26 research note. TheStreet downgraded NatWest Group’s shares from a “c” rating to a “b-” rating in a Tuesday, May 10 research note. Investec upgraded shares of NatWest Group from a “hold” rating to a “buy” rating in a research note on Friday, May 20. JPMorgan Chase & Co. raised its price target on NatWest Group shares from GBX 240 ($2.90) to GBX 250 ($3.02) in a Thursday, May 5 report. Finally, Royal Bank of Canada raised its price target on NatWest Group shares from GBX 250 ($3.02) to GBX 330 ($3.99) in a Tuesday, August 2 report. One research analyst gave the stock a hold rating and eleven gave the company a buy rating. According to data from MarketBeat.com, NatWest Group currently has an average rating of “Moderate Buy” and an average target price of $304.50.
Institutional investors weigh on the NatWest group
Institutional investors and hedge funds have recently changed their positions in the company. Goldman Sachs Group Inc. increased its stake in NatWest Group shares by 7.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 4,532,530 shares of the company valued at $27,693,000 after acquiring 295,503 additional shares in the last quarter. Dimensional Fund Advisors LP increased its stake in NatWest Group by 2.7% during the first quarter. Dimensional Fund Advisors LP now owns 4,074,233 shares of the company worth $23,143,000 after purchasing an additional 107,995 shares in the last quarter. Westwood Holdings Group Inc. increased its stake in NatWest Group by 0.7% in the fourth quarter. Westwood Holdings Group Inc. now owns 2,478,990 shares of the company valued at $15,147,000 after purchasing an additional 18,311 shares in the last quarter. FMR LLC increased its equity stake in NatWest Group by 35.1% during the second quarter. FMR LLC now owns 2,221,524 shares of the company valued at $12,107,000 after purchasing an additional 576,589 shares during the period. Finally, BlackRock Inc. increased its stake in NatWest Group by 8.3% during the first quarter. BlackRock Inc. now owns 1,762,847 shares of the company worth $10,013,000 after acquiring an additional 134,908 shares during the period. 0.59% of the shares are currently held by hedge funds and other institutional investors.
About NatWest Group
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NatWest Group plc, together with its subsidiaries, provides banking and financial products and services to retail, business, corporate and institutional customers in the UK and overseas. It operates through Retail Banking, Commercial Banking, Private Banking, RBS International and NatWest Markets segments.
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