Causeway Capital Management LLC Has $20.32 Million Stake in NatWest Group plc $NWG

Key Points

• Causeway Capital boosted its stake in NatWest by 128.1% in Q3 to 1,435,963 shares (an additional 806,493 shares), holdings valued at $20.32 million.
• NatWest announced a dividend of $0.621 per share payable on May 5, with record and ex-dividend dates on March 20; the article reports a yield of 743.0% and a payout ratio of 27.93%.
• Recent financials and market view: the stock opened at $15.75 with a $62.91 billion market cap and P/E of 8.80, NatWest beat Q results with $0.46 EPS vs. $0.38 expected and $5.74B revenue vs. $5.59B, and analysts' consensus is a "Moderate Buy."

Causeway Capital Management LLC grew its stake in NatWest Group plc (NYSE:NWG - Free Report) by 128.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,435,963 shares of the company's stock after purchasing an additional 806,493 shares during the period. Causeway Capital Management LLC's holdings in NatWest Group were worth $20,319,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. ABC Arbitrage SA lifted its stake in shares of NatWest Group by 29.2% in the 3rd quarter. ABC Arbitrage SA now owns 1,102,971 shares of the company's stock valued at $15,607,000 after acquiring an additional 249,117 shares during the last quarter. Summit Global Investments boosted its position in NatWest Group by 108.3% during the 2nd quarter. Summit Global Investments now owns 87,057 shares of the company's stock worth $1,232,000 after buying an additional 45,266 shares during the period. Chase Investment Counsel Corp bought a new stake in NatWest Group during the 3rd quarter worth approximately $3,579,000. JPMorgan Chase & Co. increased its position in NatWest Group by 62.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,621,691 shares of the company's stock valued at $22,947,000 after acquiring an additional 622,331 shares during the period. Finally, American Century Companies Inc. raised its stake in shares of NatWest Group by 21.0% during the second quarter. American Century Companies Inc. now owns 1,550,715 shares of the company's stock valued at $21,943,000 after acquiring an additional 268,787 shares during the last quarter. 1.27% of the stock is owned by institutional investors.

NatWest Group Stock Up 1.4%

NatWest Group stock opened at $15.75 on Tuesday. The firm has a market capitalization of $62.91 billion, a price-to-earnings ratio of 8.80, a price-to-earnings-growth ratio of 0.52 and a beta of 0.95. The firm's fifty day moving average price is $17.22 and its two-hundred day moving average price is $16.02. NatWest Group plc has a 1-year low of $10.40 and a 1-year high of $19.35. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.14.

NatWest Group (NYSE:NWG - Get Free Report) last posted its earnings results on Thursday, February 12th. The company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.38 by $0.08. NatWest Group had a net margin of 18.59% and a return on equity of 13.05%. The company had revenue of $5.74 billion during the quarter, compared to the consensus estimate of $5.59 billion. On average, equities research analysts predict that NatWest Group plc will post 1.35 earnings per share for the current fiscal year.

NatWest Group Announces Dividend

The business also recently declared a dividend, which will be paid on Tuesday, May 5th. Shareholders of record on Friday, March 20th will be paid a dividend of $0.621 per share. The ex-dividend date is Friday, March 20th. This represents a yield of 743.0%. NatWest Group's payout ratio is 27.93%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. Barclays restated an "equal weight" rating on shares of NatWest Group in a report on Wednesday, January 7th. Zacks Research raised NatWest Group from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 10th. The Goldman Sachs Group reissued a "neutral" rating on shares of NatWest Group in a research note on Thursday, December 4th. Weiss Ratings restated a "buy (b)" rating on shares of NatWest Group in a research report on Thursday, January 22nd. Finally, BNP Paribas Exane raised NatWest Group from a "strong sell" rating to a "hold" rating in a research note on Friday, February 27th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy".

NatWest Group Company Profile

NatWest Group plc is a major UK-based banking and financial services group headquartered in Edinburgh, Scotland. The company traces its roots to the Royal Bank of Scotland, founded in 1727, and adopted the NatWest Group name in 2020 as part of a strategic refocus on its NatWest brand. NatWest Group is listed on the London Stock Exchange and also has American depositary shares trading on the New York Stock Exchange under the symbol NWG.

The group provides a broad range of banking services across retail, private, commercial, corporate and institutional segments.

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