Cresset Asset Management LLC Trims Stock Position in NatWest Group plc $NWG

Cresset Asset Management LLC cut its stake in NatWest Group plc (NYSE:NWG) by 30.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,024 shares of the company’s stock after selling 7,782 shares during the quarter. Cresset Asset Management LLC’s holdings in NatWest Group were worth $221,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. raised its stake in NatWest Group by 1,102.0% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 600,743 shares of the company’s stock worth $7,161,000 after buying an additional 550,764 shares in the last quarter. Schonfeld Strategic Advisors LLC raised its position in shares of NatWest Group by 153.7% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 70,267 shares of the company’s stock worth $715,000 after acquiring an additional 42,567 shares in the last quarter. OneDigital Investment Advisors LLC purchased a new position in shares of NatWest Group in the 1st quarter valued at approximately $293,000. Envestnet Asset Management Inc. boosted its position in shares of NatWest Group by 28.7% during the first quarter. Envestnet Asset Management Inc. now owns 2,744,550 shares of the company’s stock valued at $32,715,000 after purchasing an additional 611,323 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its stake in NatWest Group by 309.8% in the first quarter. Janney Montgomery Scott LLC now owns 101,675 shares of the company’s stock worth $1,212,000 after purchasing an additional 76,866 shares during the period. Institutional investors own 1.27% of the company’s stock.

Analyst Ratings Changes

Separately, Zacks Research lowered NatWest Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 18th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, NatWest Group presently has a consensus rating of “Moderate Buy”.

NatWest Group Stock Performance

NatWest Group stock opened at $15.28 on Wednesday. NatWest Group plc has a twelve month low of $8.55 and a twelve month high of $15.52. The company has a quick ratio of 1.06, a current ratio of 1.05 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $61.84 billion, a P/E ratio of 9.85, a PEG ratio of 0.88 and a beta of 1.07. The stock’s 50 day moving average is $14.04 and its 200 day moving average is $13.08.

NatWest Group (NYSE:NWG) last announced its quarterly earnings data on Friday, July 25th. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.04. NatWest Group had a return on equity of 11.99% and a net margin of 16.84%.The business had revenue of $5.42 billion during the quarter, compared to analysts’ expectations of $4.06 billion. On average, equities research analysts predict that NatWest Group plc will post 1.35 earnings per share for the current fiscal year.

NatWest Group Cuts Dividend

The company also recently declared a semi-annual dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 8th will be paid a $0.255 dividend. The ex-dividend date is Friday, August 8th. This represents a yield of 390.0%. NatWest Group’s payout ratio is presently 32.26%.

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.