Acadian Asset Management LLC Has $2.77 Million Stock Holdings in NatWest Group plc $NWG

Acadian Asset Management LLC reduced its stake in shares of NatWest Group plc (NYSE:NWG) by 4.0% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 232,484 shares of the company’s stock after selling 9,667 shares during the quarter. Acadian Asset Management LLC’s holdings in NatWest Group were worth $2,770,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Connor Clark & Lunn Investment Management Ltd. grew its stake in NatWest Group by 1,102.0% during 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. OneDigital Investment Advisors LLC bought a new stake in shares of NatWest Group during the 1st quarter worth approximately $293,000. Graham Capital Management L.P. acquired a new stake in shares of NatWest Group during the 1st quarter worth approximately $1,053,000. Envestnet Asset Management Inc. boosted its position in shares of NatWest Group by 28.7% during the 1st quarter. Envestnet Asset Management Inc. now owns 2,744,550 shares of the company’s stock worth $32,715,000 after acquiring an additional 611,323 shares in the last quarter. Finally, HighTower Advisors LLC increased its stake in NatWest Group by 25.1% in the first quarter. HighTower Advisors LLC now owns 234,275 shares of the company’s stock valued at $2,793,000 after acquiring an additional 47,058 shares during the last quarter. Institutional investors and hedge funds own 1.27% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. BNP Paribas Exane downgraded NatWest Group from a “neutral” rating to an “underperform” rating in a report on Friday, September 5th. BNP Paribas lowered NatWest Group from a “hold” rating to a “strong sell” rating in a research note on Friday, September 5th. Finally, Zacks Research cut NatWest Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 18th. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

NatWest Group Stock Up 1.7%

NYSE:NWG opened at $14.71 on Tuesday. NatWest Group plc has a one year low of $8.69 and a one year high of $15.52. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.05 and a quick ratio of 1.06. The company has a market cap of $59.56 billion, a PE ratio of 9.49, a P/E/G ratio of 0.82 and a beta of 1.08. The firm’s 50 day simple moving average is $14.18 and its 200 day simple moving average is $13.36.

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

NatWest Group Cuts Dividend

The business also recently announced a semi-annual dividend, which was paid on Friday, September 12th. Investors of record on Friday, August 8th were given a dividend of $0.255 per share. This represents a yield of 390.0%. The ex-dividend date of this dividend was Friday, August 8th. NatWest Group’s dividend payout ratio (DPR) is currently 31.61%.

NatWest Group 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.