NatWest Group plc $NWG Shares Sold by Pzena Investment Management LLC

Key Points

• Pzena Investment Management LLC reduced its holdings in NatWest Group plc by 45.1%, selling 19,888 shares during the second quarter, leaving them with 24,210 shares valued at approximately $343,000.
• NatWest Group reported a net revenue of $5.42 billion for the last quarter, surpassing expectations of $4.06 billion, with earnings per share of $0.41 compared to an estimated $0.37.
• Analysts have varied ratings on NatWest Group, with ratings ranging from "buy" to "strong sell." Currently, the stock has an average rating of "Hold."

Pzena Investment Management LLC cut its holdings in shares of NatWest Group plc (NYSE:NWG - Free Report) by 45.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 24,210 shares of the company's stock after selling 19,888 shares during the quarter. Pzena Investment Management LLC's holdings in NatWest Group were worth $343,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NWG. Rhumbline Advisers boosted its position in NatWest Group by 19.4% during the first quarter. Rhumbline Advisers now owns 31,334 shares of the company's stock worth $374,000 after acquiring an additional 5,089 shares during the last quarter. GAMMA Investing LLC boosted its holdings in NatWest Group by 15.3% in the 1st quarter. GAMMA Investing LLC now owns 13,290 shares of the company's stock valued at $158,000 after purchasing an additional 1,761 shares during the last quarter. Fifth Third Bancorp boosted its holdings in NatWest Group by 20.3% in the 1st quarter. Fifth Third Bancorp now owns 74,953 shares of the company's stock valued at $893,000 after purchasing an additional 12,626 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in NatWest Group by 39.8% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 66,832 shares of the company's stock valued at $797,000 after purchasing an additional 19,017 shares during the last quarter. Finally, Ritholtz Wealth Management boosted its holdings in NatWest Group by 7.6% in the 1st quarter. Ritholtz Wealth Management now owns 220,047 shares of the company's stock valued at $2,623,000 after purchasing an additional 15,534 shares during the last quarter. 1.27% of the stock is currently owned by institutional investors and hedge funds.

NatWest Group Trading Up 1.2%

Shares of NYSE:NWG opened at $14.57 on Tuesday. NatWest Group plc has a 52 week low of $9.16 and a 52 week high of $15.52. The company's 50 day moving average is $14.43 and its two-hundred day moving average is $13.68. The company has a current ratio of 1.05, a quick ratio of 1.06 and a debt-to-equity ratio of 0.14. The company has a market cap of $58.57 billion, a PE ratio of 9.40, a P/E/G ratio of 0.73 and a beta of 1.05.

NatWest Group (NYSE:NWG - Get Free Report) last announced its quarterly earnings data on Friday, July 25th. The company reported $0.41 EPS for the quarter, beating analysts' consensus estimates of $0.37 by $0.04. NatWest Group had a net margin of 16.84% and a return on equity of 11.99%. The company had revenue of $5.42 billion for the quarter, compared to the consensus estimate of $4.06 billion. Equities analysts predict that NatWest Group plc will post 1.35 earnings per share for the current fiscal year.

NatWest Group Cuts Dividend

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

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Weiss Ratings reiterated a "buy (b)" rating on shares of NatWest Group in a report on Wednesday, October 8th. BNP Paribas lowered shares of NatWest Group from a "hold" rating to a "strong sell" rating in a report on Friday, September 5th. BNP Paribas Exane lowered shares of NatWest Group from a "neutral" rating to an "underperform" rating in a report on Friday, September 5th. Finally, Zacks Research downgraded shares of NatWest Group from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 18th. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold".

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.

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