Pzena Investment Management LLC Purchases 21,524 Shares of NatWest Group plc (NYSE:NWG)

Pzena Investment Management LLC increased its position in NatWest Group plc (NYSE:NWG) by 44.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 70,432 shares of the company’s stock after purchasing an additional 21,524 shares during the quarter. Pzena Investment Management LLC’s holdings in NatWest Group were worth $397,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of NWG. NBC Securities Inc. bought a new stake in shares of NatWest Group in the 3rd quarter valued at about $25,000. Addison Advisors LLC raised its holdings in NatWest Group by 48.9% in the 4th quarter. Addison Advisors LLC now owns 6,520 shares of the company’s stock valued at $37,000 after acquiring an additional 2,141 shares during the period. Johnson Investment Counsel Inc. bought a new position in NatWest Group in the 4th quarter valued at about $58,000. AXQ Capital LP bought a new position in NatWest Group in the 3rd quarter valued at about $59,000. Finally, Five Oceans Advisors bought a new position in NatWest Group in the 4th quarter valued at about $62,000. 1.27% of the stock is owned by institutional investors.

NatWest Group Stock Performance

NatWest Group stock traded down $0.19 during trading hours on Thursday, hitting $7.98. The company had a trading volume of 660,036 shares, compared to its average volume of 1,694,083. The firm has a market cap of $34.81 billion, a PE ratio of 8.15, a PEG ratio of 2.42 and a beta of 1.36. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.08 and a quick ratio of 1.08. NatWest Group plc has a one year low of $4.30 and a one year high of $8.48. The firm has a 50-day moving average of $7.29 and a 200 day moving average of $6.20.

NatWest Group (NYSE:NWG) last released its quarterly earnings results on Friday, April 26th. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.03. The company had revenue of $3.48 billion during the quarter. On average, sell-side analysts expect that NatWest Group plc will post 0.97 earnings per share for the current year.

NatWest Group Increases Dividend

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

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.