Maverick Capital Ltd. Purchases 40,707 Shares of NatWest Group plc $NWG

Key Points

• Maverick Capital Ltd. increased its stake in NatWest Group plc by 129.9%, acquiring an additional 40,707 shares and raising its total holdings to 72,055 shares, valued at approximately $859,000.
• Several other institutional investors also modified their positions in NatWest Group, with First Trust Advisors LP notably boosting its shares by 385.4% during the last quarter.
• NatWest Group recently declared a semi-annual dividend of $0.255, yielding around 390.0%, while Zacks Research downgraded its rating from "strong-buy" to "hold".

Maverick Capital Ltd. boosted its stake in NatWest Group plc (NYSE:NWG - Free Report) by 129.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 72,055 shares of the company's stock after purchasing an additional 40,707 shares during the quarter. Maverick Capital Ltd.'s holdings in NatWest Group were worth $859,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Natixis Advisors LLC raised its stake in NatWest Group by 11.8% during the 1st quarter. Natixis Advisors LLC now owns 12,429,659 shares of the company's stock worth $148,162,000 after buying an additional 1,311,476 shares during the period. Northern Trust Corp grew its position in shares of NatWest Group by 45.6% in the 4th quarter. Northern Trust Corp now owns 3,243,078 shares of the company's stock valued at $32,982,000 after purchasing an additional 1,014,926 shares during the period. Bank of America Corp DE raised its holdings in NatWest Group by 25.1% during the 4th quarter. Bank of America Corp DE now owns 4,712,296 shares of the company's stock worth $47,924,000 after buying an additional 944,464 shares during the period. Envestnet Asset Management Inc. lifted its stake in NatWest Group by 28.7% in the first quarter. Envestnet Asset Management Inc. now owns 2,744,550 shares of the company's stock valued at $32,715,000 after buying an additional 611,323 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of NatWest Group by 1,102.0% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 600,743 shares of the company's stock valued at $7,161,000 after buying an additional 550,764 shares during the period. Institutional investors own 1.27% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on NWG shares. BNP Paribas cut shares of NatWest Group from a "hold" rating to a "strong sell" rating in a research report on Friday. BNP Paribas Exane downgraded NatWest Group from a "neutral" rating to an "underperform" rating in a report on Friday. Finally, Zacks Research lowered 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 issued a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, NatWest Group has a consensus rating of "Hold".

NatWest Group Stock Performance

NatWest Group stock traded down $0.29 during midday trading on Friday, reaching $13.78. 4,707,062 shares of the company's stock were exchanged, compared to its average volume of 3,290,027. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.06 and a current ratio of 1.05. The firm has a market cap of $55.77 billion, a price-to-earnings ratio of 8.89, a P/E/G ratio of 0.81 and a beta of 1.08. NatWest Group plc has a 52 week low of $8.55 and a 52 week high of $15.52. The stock's 50-day simple moving average is $14.07 and its 200 day simple moving average is $13.23.

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 (EPS) for the quarter, beating the consensus estimate 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 return on equity of 11.99% and a net margin of 16.84%. On average, analysts expect that NatWest Group plc will post 1.35 earnings per share for the current fiscal year.

NatWest Group Cuts Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend is Friday, August 8th. This represents a yield of 390.0%. 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.