American Century Companies Inc. cut its stake in NatWest Group plc (NYSE:NWG - Free Report) by 6.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,281,928 shares of the company's stock after selling 86,223 shares during the period. American Century Companies Inc.'s holdings in NatWest Group were worth $15,281,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bessemer Group Inc. raised its holdings in shares of NatWest Group by 374.5% in the first 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 purchased a new position in NatWest Group in the first quarter valued at about $29,000. Pinnacle Bancorp Inc. purchased a new position in NatWest Group in the first quarter valued at about $30,000. Wayfinding Financial LLC purchased a new position in NatWest Group in the first quarter valued at about $39,000. Finally, Lazard Asset Management LLC purchased a new position in shares of NatWest Group during the 4th quarter worth approximately $44,000. 1.27% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Separately, Zacks Research cut shares of NatWest Group from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 18th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy".
Read Our Latest Research Report on NatWest Group
NatWest Group Trading Down 1.3%
NWG stock traded down $0.20 during midday trading on Thursday, hitting $14.63. The stock had a trading volume of 3,477,878 shares, compared to its average volume of 4,880,990. The firm has a market cap of $59.21 billion, a PE ratio of 9.44, a price-to-earnings-growth ratio of 0.88 and a beta of 1.07. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.05 and a quick ratio of 1.06. NatWest Group plc has a 12-month low of $8.55 and a 12-month high of $15.52. The company's 50-day moving average price is $14.06 and its 200 day moving average price is $13.09.
NatWest Group (NYSE:NWG - Get Free Report) last released its earnings results on Friday, July 25th. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.37 by $0.04. The firm had revenue of $5.42 billion during the quarter, compared to analysts' expectations of $4.06 billion. NatWest Group had a net margin of 16.84% and a return on equity of 11.99%. On average, equities research analysts predict that NatWest Group plc will post 1.35 earnings per share for the current fiscal year.
NatWest Group Cuts Dividend
The business also recently disclosed a semi-annual dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 8th will be paid a dividend of $0.255 per share. The ex-dividend date of this dividend is Friday, August 8th. This represents a dividend yield of 390.0%. NatWest Group's payout ratio is currently 32.26%.
NatWest Group Company Profile
(
Free Report)
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.
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