NatWest Group plc $NWG Holdings Trimmed by HB Wealth Management LLC

HB Wealth Management LLC trimmed its position in shares of NatWest Group plc (NYSE:NWG) by 20.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 19,459 shares of the company’s stock after selling 4,911 shares during the period. HB Wealth Management LLC’s holdings in NatWest Group were worth $275,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NWG. Millennium Management LLC grew its position in NatWest Group by 364.3% during the 1st quarter. Millennium Management LLC now owns 2,938,011 shares of the company’s stock worth $35,021,000 after purchasing an additional 2,305,175 shares in the last quarter. Natixis Advisors LLC grew its holdings in shares of NatWest Group by 11.8% during the 1st quarter. Natixis Advisors LLC now owns 12,429,659 shares of the company’s stock valued at $148,162,000 after acquiring an additional 1,311,476 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings 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 valued at $32,715,000 after acquiring an additional 611,323 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of NatWest Group by 1,102.0% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 600,743 shares of the company’s stock valued at $7,161,000 after acquiring an additional 550,764 shares in the last quarter. Finally, Raymond James Financial Inc. grew its holdings in shares of NatWest Group by 20.3% during the 1st quarter. Raymond James Financial Inc. now owns 3,233,255 shares of the company’s stock valued at $38,540,000 after acquiring an additional 545,017 shares in the last quarter. 1.27% of the stock is currently owned by hedge funds and other institutional investors.

NatWest Group Stock Down 0.6%

Shares of NWG opened at $14.80 on Tuesday. The company has a 50-day simple moving average of $14.37 and a 200-day simple moving average of $13.59. The firm has a market capitalization of $59.75 billion, a P/E ratio of 9.55, a P/E/G ratio of 0.85 and a beta of 1.05. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.06 and a current ratio of 1.05. NatWest Group plc has a 52 week low of $9.16 and a 52 week high of $15.52.

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

NatWest Group Cuts Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Friday, September 12th. Shareholders of record on Friday, August 8th were paid 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 is currently 32.26%.

Analyst Ratings Changes

Several equities analysts have recently commented on NWG shares. BNP Paribas cut shares of NatWest Group from a “hold” rating to a “strong sell” rating in a report on Friday, September 5th. BNP Paribas Exane cut shares of NatWest Group from a “neutral” rating to an “underperform” rating in a report on Friday, September 5th. Zacks Research cut shares of NatWest Group from a “strong-buy” rating to a “hold” rating in a report on Monday, August 18th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of NatWest Group in a report on Saturday, September 27th. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold”.

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.