Advisors Asset Management Inc. Sells 30,330 Shares of NatWest Group plc $NWG

Key Points

• Advisors Asset Management Inc. has reduced its position in NatWest Group plc by 33.8%, now holding 59,484 shares worth approximately $709,000.
• Several institutional investors have recently either increased or initiated stakes in NatWest Group, with Bessemer Group Inc. increasing its holdings by 374.5%.
• Brokerages have downgraded NatWest Group's stock rating, with BNP Paribas and Zacks Research cutting their ratings to "underperform" and "hold," respectively.

Advisors Asset Management Inc. lessened its holdings in shares of NatWest Group plc (NYSE:NWG - Free Report) by 33.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,484 shares of the company's stock after selling 30,330 shares during the period. Advisors Asset Management Inc.'s holdings in NatWest Group were worth $709,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Bessemer Group Inc. raised its position in NatWest Group by 374.5% in the 1st quarter. Bessemer Group Inc. now owns 2,102 shares of the company's stock valued at $25,000 after buying an additional 1,659 shares during the last quarter. Zions Bancorporation National Association UT acquired a new stake in NatWest Group in the 1st quarter valued at approximately $29,000. Pinnacle Bancorp Inc. acquired a new stake in NatWest Group in the 1st quarter valued at approximately $30,000. Wayfinding Financial LLC acquired a new stake in NatWest Group in the 1st quarter valued at approximately $39,000. Finally, Lazard Asset Management LLC acquired a new stake in NatWest Group in the 4th quarter valued at approximately $44,000. Institutional investors own 1.27% of the company's stock.

NatWest Group Stock Up 1.7%

Shares of NatWest Group stock traded up $0.25 on Monday, reaching $14.71. 2,808,616 shares of the company were exchanged, compared to its average volume of 3,434,139. NatWest Group plc has a one year low of $8.69 and a one year high of $15.52. The company has a market capitalization of $59.39 billion, a price-to-earnings ratio of 9.49, a PEG ratio of 0.82 and a beta of 1.08. 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 company has a 50-day moving average of $14.18 and a 200 day moving average of $13.36.

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

NatWest Group Cuts Dividend

The firm also recently declared a semi-annual dividend, which was paid on Friday, September 12th. Investors of record on Friday, August 8th were paid a $0.255 dividend. This represents a yield of 390.0%. The ex-dividend date was Friday, August 8th. NatWest Group's dividend payout ratio is 32.26%.

Analyst Ratings Changes

A number of brokerages recently issued reports on NWG. BNP Paribas Exane lowered NatWest Group from a "neutral" rating to an "underperform" rating in a research report on Friday, September 5th. BNP Paribas lowered NatWest Group from a "hold" rating to a "strong sell" rating in a research report on Friday, September 5th. Finally, Zacks Research lowered NatWest Group from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 18th. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold".

About NatWest Group

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.