Bayesian Capital Management LP Lowers Holdings in NatWest Group plc (NYSE:NWG)

Bayesian Capital Management LP reduced its stake in shares of NatWest Group plc (NYSE:NWG - Free Report) by 79.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,124 shares of the company's stock after selling 42,200 shares during the quarter. Bayesian Capital Management LP's holdings in NatWest Group were worth $113,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. OneAscent Financial Services LLC grew its position in shares of NatWest Group by 8.2% during the 4th quarter. OneAscent Financial Services LLC now owns 12,211 shares of the company's stock worth $124,000 after buying an additional 926 shares during the period. Adero Partners LLC grew its holdings in NatWest Group by 9.5% during the fourth quarter. Adero Partners LLC now owns 11,738 shares of the company's stock valued at $119,000 after purchasing an additional 1,014 shares during the period. Gallacher Capital Management LLC increased its stake in NatWest Group by 2.3% in the fourth quarter. Gallacher Capital Management LLC now owns 48,904 shares of the company's stock valued at $497,000 after purchasing an additional 1,093 shares in the last quarter. Pitcairn Co. increased its position in shares of NatWest Group by 7.4% in the 4th quarter. Pitcairn Co. now owns 17,223 shares of the company's stock valued at $175,000 after buying an additional 1,193 shares in the last quarter. Finally, Optas LLC raised its stake in NatWest Group by 11.5% during the 4th quarter. Optas LLC now owns 11,912 shares of the company's stock worth $121,000 after buying an additional 1,228 shares during the period. Institutional investors and hedge funds own 1.27% of the company's stock.

NatWest Group Stock Performance

Shares of NatWest Group stock traded up $0.11 during trading hours on Wednesday, reaching $13.23. The company had a trading volume of 4,310,141 shares, compared to its average volume of 3,494,131. NatWest Group plc has a one year low of $7.80 and a one year high of $13.30. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a market cap of $53.28 billion, a PE ratio of 9.73, a price-to-earnings-growth ratio of 0.85 and a beta of 1.01. The business has a fifty day simple moving average of $12.16 and a 200 day simple moving average of $11.08.

NatWest Group (NYSE:NWG - Get Free Report) last issued its quarterly earnings data on Friday, May 2nd. The company reported $0.39 earnings per share for the quarter, topping analysts' consensus estimates of $0.34 by $0.05. The business had revenue of $5.30 billion during the quarter, compared to the consensus estimate of $3.80 billion. On average, analysts anticipate that NatWest Group plc will post 1.35 earnings per share for the current fiscal year.

NatWest Group Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Monday, April 28th. Shareholders of record on Friday, March 14th were paid a $0.3899 dividend. The ex-dividend date was Friday, March 14th. This represents a yield of 3.8%. This is a boost from NatWest Group's previous semi-annual dividend of $0.36. NatWest Group's payout ratio is presently 51.68%.

Analysts Set New Price Targets

NWG has been the topic of a number of research reports. Peel Hunt lowered shares of NatWest Group from a "strong-buy" rating to a "moderate buy" rating in a research report on Thursday, March 6th. BNP Paribas cut shares of NatWest Group from an "outperform" rating to a "neutral" rating in a research report on Tuesday, March 4th. Finally, Citigroup restated a "buy" rating on shares of NatWest Group in a report on Monday, April 28th. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, NatWest Group currently has a consensus rating of "Buy".

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.