NatWest Group plc $NWG Holdings Decreased by Transmarket Holdings LP

Key Points

• Transmarket Holdings LP cut its NatWest Group stake by 84.9% in the third quarter, selling 286,621 shares and retaining 50,886 shares valued at approximately $924,000.
• Analyst sentiment remains generally positive: NatWest has an average “Moderate Buy” rating, with recent upgrades from Barclays, Morgan Stanley and Keefe, Bruyette & Woods, despite some downgrades.
• NatWest reported quarterly EPS of $0.54, exceeding the $0.45 consensus estimate, while shares opened at $17.23. The company’s latest dividend of $0.3222 per share was lower than its prior $0.6210 payment.

Transmarket Holdings LP trimmed its stake in shares of NatWest Group plc (NYSE:NWG - Free Report) by 84.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 50,886 shares of the company's stock after selling 286,621 shares during the quarter. Transmarket Holdings LP's holdings in NatWest Group were worth $924,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Park Avenue Securities LLC increased its position in shares of NatWest Group by 0.7% during the third quarter. Park Avenue Securities LLC now owns 88,154 shares of the company's stock valued at $1,600,000 after buying an additional 589 shares during the period. Apollon Wealth Management LLC lifted its holdings in shares of NatWest Group by 11.9% in the third quarter. Apollon Wealth Management LLC now owns 15,216 shares of the company's stock worth $276,000 after buying an additional 1,615 shares in the last quarter. Signaturefd LLC boosted its position in shares of NatWest Group by 9.6% in the third quarter. Signaturefd LLC now owns 86,596 shares of the company's stock valued at $1,572,000 after acquiring an additional 7,593 shares during the period. Root Financial Partners LLC bought a new position in shares of NatWest Group in the third quarter valued at approximately $26,000. Finally, SBI Securities Co. Ltd. grew its stake in NatWest Group by 284.1% during the third quarter. SBI Securities Co. Ltd. now owns 12,719 shares of the company's stock valued at $231,000 after acquiring an additional 9,408 shares in the last quarter. Hedge funds and other institutional investors own 1.27% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on NWG. Weiss Ratings lowered shares of NatWest Group from a "buy (b+)" rating to a "buy (b)" rating in a report on Friday, October 23rd. Keefe, Bruyette & Woods raised shares of NatWest Group from a "hold" rating to a "moderate buy" rating in a report on Friday, July 17th. Barclays upgraded shares of NatWest Group from an "equal weight" rating to an "overweight" rating in a research report on Tuesday, October 13th. Wall Street Zen cut shares of NatWest Group from a "buy" rating to a "hold" rating in a report on Sunday, August 9th. Finally, Morgan Stanley upgraded NatWest Group from an "equal weight" rating to an "overweight" rating in a research report on Wednesday, September 2nd. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, NatWest Group has an average rating of "Moderate Buy".

NatWest Group Trading Up 2.1%

Shares of NWG opened at $17.23 on Thursday. The firm's 50 day simple moving average is $18.04 and its 200 day simple moving average is $17.09. The company has a market capitalization of $68.41 billion, a P/E ratio of 8.57, a P/E/G ratio of 0.76 and a beta of 0.94. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.03 and a quick ratio of 1.04. NatWest Group plc has a 1-year low of $13.76 and a 1-year high of $19.42.

NatWest Group (NYSE:NWG - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The company reported $0.54 EPS for the quarter, topping analysts' consensus estimates of $0.45 by $0.09. The business had revenue of $5.89 billion during the quarter, compared to analysts' expectations of $5.90 billion. NatWest Group had a net margin of 20.10% and a return on equity of 14.01%. Sell-side analysts forecast that NatWest Group plc will post 1.97 earnings per share for the current fiscal year.

NatWest Group Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, September 18th. Stockholders of record on Friday, August 14th were issued a dividend of $0.3222 per share. The ex-dividend date of this dividend was Friday, August 14th. This represents a dividend yield of 337.0%. This is a decrease from NatWest Group's previous dividend of $0.6210. NatWest Group's payout ratio is presently 31.34%.

NatWest Group Company Profile

NatWest Group plc is a United Kingdom-based banking and financial services company. Through brands including NatWest, Royal Bank of Scotland, Ulster Bank and Coutts, it provides current accounts, savings products, mortgages, personal loans, credit cards, insurance and other financial services to individuals and households.

The group also serves small and medium-sized businesses, larger companies and institutional clients. Its commercial and institutional banking activities include lending, transaction banking, cash management, payments, trade finance, capital markets services and risk-management solutions.

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