Causeway Capital Management LLC Sells 37,162 Shares of NatWest Group plc $NWG

Key Points

• Causeway Capital Management LLC has reduced its holdings in NatWest Group plc by 4.6%, now owning 764,702 shares after selling 37,162 shares during the first quarter.
• NatWest Group recently reported earnings per share of $0.41, exceeding estimates and generated $5.42 billion in revenue for the quarter.
• The company has declared a semi-annual dividend of $0.255 per share, with an ex-dividend date on August 8th, representing a solid dividend yield of 3.9%.

Causeway Capital Management LLC reduced its position in NatWest Group plc (NYSE:NWG - Free Report) by 4.6% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 764,702 shares of the company's stock after selling 37,162 shares during the period. Causeway Capital Management LLC's holdings in NatWest Group were worth $9,115,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Bessemer Group Inc. boosted its holdings in shares of 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 in the last quarter. Zions Bancorporation National Association UT bought a new stake in shares of NatWest Group in the 1st quarter valued at about $29,000. Pinnacle Bancorp Inc. purchased a new position in shares of NatWest Group in the 1st quarter valued at approximately $30,000. Wayfinding Financial LLC purchased a new position in shares of NatWest Group in the 1st quarter valued at approximately $39,000. Finally, Lazard Asset Management LLC purchased a new position in shares of NatWest Group in the 4th quarter valued at approximately $44,000. 1.27% of the stock is currently owned by institutional investors.

NatWest Group Price Performance

NatWest Group stock opened at $15.41 on Tuesday. NatWest Group plc has a 52-week low of $8.55 and a 52-week high of $15.52. The firm has a market capitalization of $62.39 billion, a price-to-earnings ratio of 9.94, a PEG ratio of 0.88 and a beta of 1.07. The company has a fifty day simple moving average of $14.02 and a 200-day simple moving average of $13.06. 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 (NYSE:NWG - Get Free Report) last announced its quarterly earnings results on Friday, July 25th. The company reported $0.41 earnings per share 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 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 analysts anticipate that NatWest Group plc will post 1.35 EPS for the current fiscal year.

NatWest Group Cuts Dividend

The company also recently declared a semi-annual dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 8th will be given 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 presently 31.61%.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Zacks Research lowered shares of NatWest Group from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 18th. Citigroup restated a "buy" rating on shares of NatWest Group in a research note on Monday, April 28th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy".

NatWest Group 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.

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