Acadian Asset Management LLC Sells 37,900 Shares of NatWest Group plc $NWG

Acadian Asset Management LLC reduced its holdings in shares of NatWest Group plc (NYSE:NWG) by 16.3% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 194,584 shares of the company’s stock after selling 37,900 shares during the period. Acadian Asset Management LLC’s holdings in NatWest Group were worth $2,752,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Natixis Advisors LLC boosted its holdings in NatWest Group by 11.8% during the first quarter. Natixis Advisors LLC now owns 12,429,659 shares of the company’s stock valued at $148,162,000 after purchasing an additional 1,311,476 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in NatWest Group by 7.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 6,474,908 shares of the company’s stock valued at $77,181,000 after buying an additional 455,538 shares in the last quarter. Northern Trust Corp grew its position in NatWest Group by 11.0% in the first quarter. Northern Trust Corp now owns 3,599,561 shares of the company’s stock valued at $42,907,000 after acquiring an additional 356,483 shares during the period. Envestnet Asset Management Inc. raised its stake in NatWest Group by 20.4% during the second quarter. Envestnet Asset Management Inc. now owns 3,304,281 shares of the company’s stock worth $46,756,000 after acquiring an additional 559,731 shares in the last quarter. Finally, Raymond James Financial Inc. lifted its holdings in shares of NatWest Group by 20.3% during the first 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 during the period. Institutional investors and hedge funds own 1.27% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on NWG shares. Zacks Research raised shares of NatWest Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 30th. BNP Paribas Exane cut shares of NatWest Group from a “neutral” rating to an “underperform” rating in a research note on Friday, September 5th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of NatWest Group in a report on Wednesday, October 8th. Finally, BNP Paribas downgraded NatWest Group from a “hold” rating to a “strong sell” rating in a report on Friday, September 5th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

NatWest Group Trading Down 2.4%

NWG opened at $15.83 on Friday. NatWest Group plc has a 1-year low of $9.16 and a 1-year high of $16.52. The stock has a market capitalization of $63.63 billion, a PE ratio of 9.20, a PEG ratio of 0.66 and a beta of 1.12. The company has a current ratio of 1.05, a quick ratio of 1.06 and a debt-to-equity ratio of 0.14. The firm has a 50-day moving average price of $14.80 and a two-hundred day moving average price of $14.24.

NatWest Group (NYSE:NWG) last announced its earnings results on Friday, October 24th. The company reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.03. The company had revenue of $5.76 billion for the quarter, compared to analyst estimates of $5.63 billion. NatWest Group had a net margin of 18.18% and a return on equity of 12.77%. As a group, equities analysts anticipate that NatWest Group plc will post 1.35 earnings per share for the current fiscal year.

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.