NatWest Group plc $NWG Stake Boosted by Cubist Systematic Strategies LLC

Key Points

• Cubist Systematic Strategies LLC increased its holdings in NatWest Group plc by 22.4% during the first quarter, owning about 979,956 shares valued at $11.68 million as of the latest SEC filing.
• The company's stock is currently down 4.4%, with a market cap of $56.50 billion and a P/E ratio of 9.00.
• NatWest Group announced a semi-annual dividend of $0.255 per share, with a current dividend yield of 390.0%, and its dividend payout ratio stands at 32.26%.

Cubist Systematic Strategies LLC increased its holdings in NatWest Group plc (NYSE:NWG - Free Report) by 22.4% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 979,956 shares of the company's stock after acquiring an additional 179,246 shares during the period. Cubist Systematic Strategies LLC's holdings in NatWest Group were worth $11,681,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Bessemer Group Inc. raised its position in NatWest Group by 374.5% in the first 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 period. Zions Bancorporation National Association UT acquired a new position in NatWest Group during the 1st quarter worth $29,000. Pinnacle Bancorp Inc. purchased a new stake in NatWest Group during the 1st quarter worth about $30,000. Wayfinding Financial LLC purchased a new position in shares of NatWest Group in the 1st quarter valued at about $39,000. Finally, Lazard Asset Management LLC acquired a new stake in NatWest Group in the fourth quarter valued at approximately $44,000. Institutional investors and hedge funds own 1.27% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. 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 shares of NatWest Group from a "neutral" rating to an "underperform" rating in a research report on Friday. Finally, Zacks Research cut shares of NatWest Group from a "strong-buy" rating to a "hold" rating in a report on Monday, August 18th. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, NatWest Group has a consensus rating of "Hold".

NatWest Group Trading Down 2.0%

Shares of NYSE NWG traded down $0.29 on Friday, reaching $13.78. 4,707,062 shares of the company traded hands, compared to its average volume of 3,290,027. NatWest Group plc has a fifty-two week low of $8.55 and a fifty-two week high of $15.52. The company has a 50 day moving average of $14.07 and a 200 day moving average of $13.24. The stock has a market capitalization of $55.77 billion, a PE ratio of 8.89, a P/E/G ratio of 0.79 and a beta of 1.08. The company has a current ratio of 1.05, a quick ratio of 1.06 and a debt-to-equity ratio of 0.14.

NatWest Group (NYSE:NWG - Get Free Report) last released its quarterly earnings data on Friday, July 25th. The company reported $0.41 EPS 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 return on equity of 11.99% and a net margin of 16.84%. On average, equities research analysts forecast that NatWest Group plc will post 1.35 earnings per share for the current fiscal year.

NatWest Group Cuts Dividend

The business also recently declared a semi-annual dividend, which will be paid on Friday, September 12th. Investors 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 dividend payout ratio is currently 31.61%.

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.