Causeway Capital Management LLC Sells 323,200 Shares of NatWest Group plc (NYSE:NWG)

Causeway Capital Management LLC cut its position in shares of NatWest Group plc (NYSE:NWG - Free Report) by 28.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 801,864 shares of the company's stock after selling 323,200 shares during the quarter. Causeway Capital Management LLC's holdings in NatWest Group were worth $8,155,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of NWG. XTX Topco Ltd acquired a new position in NatWest Group during the fourth quarter worth about $272,000. Mariner LLC boosted its position in shares of NatWest Group by 11.4% during the 4th quarter. Mariner LLC now owns 187,544 shares of the company's stock valued at $1,907,000 after purchasing an additional 19,122 shares in the last quarter. Sagespring Wealth Partners LLC acquired a new position in NatWest Group in the fourth quarter worth approximately $231,000. Qtron Investments LLC acquired a new stake in shares of NatWest Group during the fourth quarter worth $708,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of NatWest Group in the 4th quarter valued at approximately $27,339,000. Institutional investors own 1.27% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on NWG shares. Peel Hunt cut NatWest Group from a "strong-buy" rating to a "moderate buy" rating in a research report on Thursday, March 6th. BNP Paribas lowered shares of NatWest Group from an "outperform" rating to a "neutral" rating in a research note on Tuesday, March 4th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, NatWest Group presently has a consensus rating of "Buy".

NatWest Group Stock Performance

Shares of NWG stock traded up $0.08 during mid-day trading on Friday, reaching $12.27. The stock had a trading volume of 4,156,118 shares, compared to its average volume of 3,229,808. The firm has a market cap of $49.39 billion, a PE ratio of 9.02, a P/E/G ratio of 0.85 and a beta of 0.93. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.16. NatWest Group plc has a one year low of $6.95 and a one year high of $12.65. The firm's 50 day simple moving average is $11.74 and its 200 day simple moving average is $10.65.

NatWest Group (NYSE:NWG - Get Free Report) last released its quarterly earnings data on Friday, February 14th. The company reported $0.37 EPS for the quarter, topping analysts' consensus estimates of $0.26 by $0.11. The business had revenue of $4.90 billion for the quarter, compared to the consensus estimate of $3.75 billion. On average, analysts forecast that NatWest Group plc will post 1.35 EPS for the current year.

NatWest Group Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Monday, April 28th. Shareholders of record on Friday, March 14th will be given a $0.3899 dividend. This represents a yield of 3.8%. This is a boost from NatWest Group's previous semi-annual dividend of $0.36. The ex-dividend date of this dividend is Friday, March 14th. NatWest Group's dividend payout ratio is 55.88%.

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.