Advisors Asset Management Inc. Reduces Position in 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. reduced its stake in shares of NatWest Group plc (NYSE:NWG - Free Report) by 33.8% in the first quarter, according to its most recent filing with the SEC. The fund 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 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Pacer Advisors Inc. lifted its stake in NatWest Group by 3.0% in the first quarter. Pacer Advisors Inc. now owns 28,042 shares of the company's stock worth $334,000 after purchasing an additional 807 shares during the last quarter. Commerce Bank lifted its stake in NatWest Group by 5.2% in the first quarter. Commerce Bank now owns 16,511 shares of the company's stock worth $197,000 after purchasing an additional 818 shares during the last quarter. Aaron Wealth Advisors LLC lifted its stake in NatWest Group by 2.4% in the first quarter. Aaron Wealth Advisors LLC now owns 35,935 shares of the company's stock worth $428,000 after purchasing an additional 831 shares during the last quarter. Checchi Capital Advisers LLC lifted its stake in NatWest Group by 7.1% in the first quarter. Checchi Capital Advisers LLC now owns 12,555 shares of the company's stock worth $150,000 after purchasing an additional 833 shares during the last quarter. Finally, Dorsey & Whitney Trust CO LLC lifted its stake in NatWest Group by 1.5% in the first quarter. Dorsey & Whitney Trust CO LLC now owns 58,549 shares of the company's stock worth $698,000 after purchasing an additional 850 shares during the last quarter. 1.27% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on NWG. BNP Paribas downgraded shares of NatWest Group from a "hold" rating to a "strong sell" rating in a research note on Friday, September 5th. BNP Paribas Exane cut shares of NatWest Group from a "neutral" rating to an "underperform" rating in a research report on Friday, September 5th. Finally, Zacks Research cut shares of NatWest Group from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 18th. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, NatWest Group presently has a consensus rating of "Hold".

NatWest Group Stock Performance

NWG traded up $0.04 during trading on Friday, hitting $14.47. The company's stock had a trading volume of 2,430,962 shares, compared to its average volume of 3,498,373. The company has a quick ratio of 1.06, a current ratio of 1.05 and a debt-to-equity ratio of 0.14. NatWest Group plc has a one year low of $8.69 and a one year high of $15.52. The firm has a market cap of $58.59 billion, a PE ratio of 9.43, a P/E/G ratio of 0.82 and a beta of 1.08. The business's 50 day simple moving average is $14.13 and its 200-day simple moving average is $13.31.

NatWest Group (NYSE:NWG - Get Free Report) last announced its quarterly earnings data on Friday, July 25th. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.37 by $0.04. The firm had revenue of $5.42 billion for the quarter, compared to the consensus estimate of $4.06 billion. NatWest Group had a net margin of 16.84% and a return on equity of 11.99%. As a group, sell-side analysts predict that NatWest Group plc will post 1.35 EPS for the current fiscal year.

NatWest Group Cuts Dividend

The business also recently declared a semi-annual dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 8th will be issued a $0.255 dividend. This represents a yield of 390.0%. The ex-dividend date is Friday, August 8th. NatWest Group's payout ratio is currently 32.26%.

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.