Sequoia Financial Advisors LLC Buys 91,434 Shares of NatWest Group plc (NYSE:NWG)

Sequoia Financial Advisors LLC grew its stake in NatWest Group plc (NYSE:NWG) by 320.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 120,003 shares of the company’s stock after purchasing an additional 91,434 shares during the period. Sequoia Financial Advisors LLC’s holdings in NatWest Group were worth $676,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Natixis Advisors L.P. boosted its stake in NatWest Group by 21.7% during the third quarter. Natixis Advisors L.P. now owns 6,477,194 shares of the company’s stock worth $37,762,000 after buying an additional 1,156,216 shares during the period. Balyasny Asset Management L.P. bought a new stake in shares of NatWest Group in the 1st quarter worth about $7,150,000. Causeway Capital Management LLC purchased a new position in shares of NatWest Group during the 3rd quarter worth about $6,128,000. Goldman Sachs Group Inc. grew its holdings in NatWest Group by 19.1% during the 2nd quarter. Goldman Sachs Group Inc. now owns 5,175,543 shares of the company’s stock valued at $28,206,000 after purchasing an additional 831,101 shares during the last quarter. Finally, Northern Trust Corp raised its position in NatWest Group by 60.1% in the 3rd quarter. Northern Trust Corp now owns 2,096,270 shares of the company’s stock worth $12,221,000 after purchasing an additional 786,680 shares during the period. Hedge funds and other institutional investors own 1.27% of the company’s stock.

NatWest Group Stock Performance

Shares of NYSE NWG opened at $6.91 on Tuesday. NatWest Group plc has a 1 year low of $4.30 and a 1 year high of $7.26. The firm has a 50-day simple moving average of $6.35 and a two-hundred day simple moving average of $5.73. 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 issued its quarterly earnings results on Friday, February 16th. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.14. The business had revenue of $4.39 billion for the quarter. As a group, research analysts anticipate that NatWest Group plc will post 0.94 EPS for the current fiscal year.

NatWest Group Increases Dividend

The business also recently announced a — dividend, which will be paid on Monday, April 29th. Stockholders of record on Friday, March 15th will be paid a dividend of $0.2896 per share. This is a positive change 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.

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.