Graham Capital Management L.P. Invests $1.05 Million in NatWest Group plc $NWG

Key Points

• Graham Capital Management L.P. acquired 88,300 shares of NatWest Group plc, valued at approximately $1,053,000, in the 1st quarter according to their recent SEC filing.
• Several institutional investors, including Natixis Advisors LLC and Bank of America Corp DE, have significantly increased their stakes in NatWest Group, indicating growing confidence in the company.
• The stock was recently downgraded from a "strong-buy" to a "hold" rating by Zacks Research, despite having an average rating of "Moderate Buy" from other analysts.

Graham Capital Management L.P. purchased a new stake in NatWest Group plc (NYSE:NWG - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 88,300 shares of the company's stock, valued at approximately $1,053,000.

Other large investors have also recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of NatWest Group by 1,102.0% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 600,743 shares of the company's stock valued at $7,161,000 after acquiring an additional 550,764 shares during the last quarter. Schonfeld Strategic Advisors LLC grew its stake in shares of NatWest Group by 153.7% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 70,267 shares of the company's stock worth $715,000 after buying an additional 42,567 shares during the last quarter. OneDigital Investment Advisors LLC purchased a new stake in shares of NatWest Group in the 1st quarter worth approximately $293,000. Envestnet Asset Management Inc. lifted its position in NatWest Group by 28.7% in the 1st quarter. Envestnet Asset Management Inc. now owns 2,744,550 shares of the company's stock valued at $32,715,000 after acquiring an additional 611,323 shares in the last quarter. Finally, HighTower Advisors LLC lifted its position in NatWest Group by 25.1% in the 1st quarter. HighTower Advisors LLC now owns 234,275 shares of the company's stock valued at $2,793,000 after acquiring an additional 47,058 shares in the last quarter. Institutional investors own 1.27% of the company's stock.

NatWest Group Stock Performance

NYSE:NWG traded up $0.19 during mid-day trading on Tuesday, hitting $14.29. The company's stock had a trading volume of 2,982,912 shares, compared to its average volume of 4,860,863. 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 1 year low of $8.55 and a 1 year high of $15.52. The business's fifty day moving average is $14.07 and its two-hundred day moving average is $13.27. The stock has a market cap of $57.84 billion, a price-to-earnings ratio of 9.20, a PEG ratio of 0.79 and a beta of 1.08.

NatWest Group (NYSE:NWG - Get Free Report) last issued its quarterly earnings data on Friday, July 25th. The company reported $0.41 earnings per share for the quarter, topping analysts' consensus estimates of $0.37 by $0.04. The business had revenue of $5.42 billion during 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%. Analysts anticipate that NatWest Group plc will post 1.35 EPS for the current fiscal year.

NatWest Group Cuts Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on NWG shares. Zacks Research cut NatWest Group from a "strong-buy" rating to a "hold" rating in a report on Monday, August 18th. BNP Paribas Exane downgraded shares of NatWest Group from a "neutral" rating to an "underperform" rating in a report on Friday. Finally, BNP Paribas downgraded NatWest Group from a "hold" rating to a "strong sell" rating in a report on Friday. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold".

NatWest Group Company 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.