Millennium Management LLC Has $35.02 Million Stock Holdings in NatWest Group plc $NWG

Key Points

• Millennium Management LLC significantly increased its stake in NatWest Group by 364.3%, now holding approximately 2.94 million shares valued at $35 million.
• Recent analyst ratings have generally turned negative, with BNP Paribas downgrading the stock to a "strong sell" and Zacks lowering it from "strong-buy" to "hold".
• NatWest Group's latest quarterly earnings report showed an EPS of $0.41, exceeding expectations, and the company has announced a semi-annual dividend of $0.255 per share.

Millennium Management LLC raised its stake in NatWest Group plc (NYSE:NWG - Free Report) by 364.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,938,011 shares of the company's stock after acquiring an additional 2,305,175 shares during the period. Millennium Management LLC owned approximately 0.07% of NatWest Group worth $35,021,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NWG. Bessemer Group Inc. increased its stake 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 purchasing an additional 1,659 shares during the last quarter. Zions Bancorporation National Association UT bought a new position in shares of NatWest Group in the 1st quarter valued at $29,000. Pinnacle Bancorp Inc. bought a new position in shares of NatWest Group in the 1st quarter valued at $30,000. Wayfinding Financial LLC bought a new position in shares of NatWest Group in the 1st quarter valued at $39,000. Finally, Lazard Asset Management LLC bought a new position in shares of NatWest Group in the 4th quarter valued at $44,000. 1.27% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on NWG shares. Zacks Research lowered NatWest Group from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 18th. BNP Paribas Exane lowered NatWest Group from a "neutral" rating to an "underperform" rating in a research note on Friday, September 5th. Finally, BNP Paribas lowered NatWest Group from a "hold" rating to a "strong sell" rating in a research report on Friday, September 5th. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, NatWest Group currently has a consensus rating of "Hold".

NatWest Group Trading Down 1.8%

NWG traded down $0.27 during midday trading on Tuesday, hitting $14.44. 2,875,026 shares of the company were exchanged, compared to its average volume of 3,435,391. The firm has a market capitalization of $58.30 billion, a P/E ratio of 9.32, a P/E/G ratio of 0.84 and a beta of 1.08. NatWest Group plc has a 1-year low of $8.69 and a 1-year high of $15.52. The firm's 50 day moving average price is $14.20 and its 200-day moving average price is $13.37. 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 earnings results on Friday, July 25th. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.37 by $0.04. The firm had revenue of $5.42 billion for 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%. As a group, equities analysts forecast that NatWest Group plc will post 1.35 EPS for the current fiscal year.

NatWest Group Cuts Dividend

The business also recently announced a semi-annual dividend, which was paid on Friday, September 12th. Shareholders of record on Friday, August 8th were issued a dividend of $0.255 per share. The ex-dividend date of this dividend was Friday, August 8th. This represents a yield of 390.0%. NatWest Group's payout ratio is presently 32.26%.

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.