NatWest Group plc $NWG Shares Acquired by Engineers Gate Manager LP

Key Points

• Engineers Gate Manager LP more than doubled its NatWest Group stake in the second quarter, adding 89,928 shares to hold 175,888 shares valued at approximately $3.1 million.
• Several other institutional investors also increased their positions, although institutional and hedge-fund ownership remains relatively low at 1.27% of outstanding shares.
• Analyst sentiment is broadly positive, with NatWest receiving a consensus “Moderate Buy” rating. The bank recently exceeded quarterly EPS expectations, reporting $0.54 versus the $0.45 consensus estimate.

Engineers Gate Manager LP increased its holdings in shares of NatWest Group plc (NYSE:NWG - Free Report) by 104.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 175,888 shares of the company's stock after purchasing an additional 89,928 shares during the period. Engineers Gate Manager LP's holdings in NatWest Group were worth $3,101,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the stock. Integrated Wealth Concepts LLC raised its position in NatWest Group by 22.6% in the second quarter. Integrated Wealth Concepts LLC now owns 47,475 shares of the company's stock valued at $837,000 after purchasing an additional 8,761 shares during the period. NewEdge Advisors LLC boosted its position in shares of NatWest Group by 3.2% in the second quarter. NewEdge Advisors LLC now owns 61,632 shares of the company's stock worth $1,087,000 after buying an additional 1,903 shares during the period. West Family Investments Inc. acquired a new stake in shares of NatWest Group in the second quarter valued at about $330,000. Parkside Financial Bank & Trust raised its holdings in shares of NatWest Group by 13.9% during the 2nd quarter. Parkside Financial Bank & Trust now owns 4,909 shares of the company's stock valued at $87,000 after buying an additional 598 shares during the period. Finally, Corient Private Wealth LP raised its holdings in shares of NatWest Group by 7.8% during the 2nd quarter. Corient Private Wealth LP now owns 93,157 shares of the company's stock valued at $1,642,000 after buying an additional 6,712 shares during the period. 1.27% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Berenberg Bank initiated coverage on NatWest Group in a report on Wednesday, June 24th. They issued a "buy" rating for the company. Weiss Ratings raised shares of NatWest Group from a "buy (b-)" rating to a "buy (b)" rating in a research report on Thursday, August 13th. Wall Street Zen downgraded shares of NatWest Group from a "buy" rating to a "hold" rating in a research note on Sunday, August 9th. Morgan Stanley raised shares of NatWest Group from an "equal weight" rating to an "overweight" rating in a report on Wednesday, September 2nd. Finally, Keefe, Bruyette & Woods raised shares of NatWest Group from a "hold" rating to a "moderate buy" rating in a research note on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy".

NatWest Group Price Performance

Shares of NYSE NWG opened at $18.88 on Monday. The company has a quick ratio of 1.04, a current ratio of 1.03 and a debt-to-equity ratio of 0.15. NatWest Group plc has a fifty-two week low of $13.56 and a fifty-two week high of $19.42. The business has a 50 day moving average price of $18.47 and a two-hundred day moving average price of $16.85. The firm has a market cap of $75.05 billion, a PE ratio of 9.39, a price-to-earnings-growth ratio of 0.89 and a beta of 0.91.

NatWest Group (NYSE:NWG - Get Free Report) last announced its earnings results on Thursday, July 30th. The company reported $0.54 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.45 by $0.09. NatWest Group had a return on equity of 14.01% and a net margin of 20.10%.The company had revenue of $5.89 billion for the quarter, compared to analyst estimates of $5.90 billion. Sell-side analysts expect that NatWest Group plc will post 1.98 earnings per share for the current fiscal year.

NatWest Group Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, September 18th. Shareholders of record on Friday, August 14th will be paid a dividend of $0.3222 per share. This represents a yield of 337.0%. The ex-dividend date is Friday, August 14th. NatWest Group's dividend payout ratio is 31.34%.

About NatWest Group

NatWest Group plc is a United Kingdom-based banking and financial services company. Its principal brands include NatWest, Royal Bank of Scotland and Ulster Bank, and it provides services to personal, business and institutional customers.

The group offers current and savings accounts, mortgages, personal loans, credit cards, insurance and investment-related services. For businesses and institutions, its activities include lending, cash management, payments, asset finance, foreign exchange, risk management and other corporate banking services.

NatWest Group primarily serves customers in the United Kingdom, with selected activities and relationships in international financial markets.

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