NatWest Group plc $NWG Stock Holdings Trimmed by Crossmark Global Holdings Inc.

Key Points

• Crossmark Global Holdings cut its NatWest Group stake by 81.7% in Q3, selling 1,350,962 shares and retaining 301,828 shares worth about $4.27 million, according to its 13F filing.
• Other institutional moves saw Goldman Sachs raise its holding to 6,474,908 shares (≈$77.18M) and AQR increase holdings by 47%; analysts rate NWG an average "Moderate Buy" after a recent earnings beat (EPS $0.46 vs. $0.38) and the company announced a $0.621 per-share dividend to be paid May 5.

Crossmark Global Holdings Inc. lessened its position in shares of NatWest Group plc (NYSE:NWG - Free Report) by 81.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 301,828 shares of the company's stock after selling 1,350,962 shares during the period. Crossmark Global Holdings Inc.'s holdings in NatWest Group were worth $4,271,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. AQR Capital Management LLC increased its holdings in shares of NatWest Group by 47.0% in the 1st quarter. AQR Capital Management LLC now owns 281,646 shares of the company's stock valued at $3,357,000 after acquiring an additional 90,057 shares during the last quarter. NewEdge Advisors LLC boosted its position in shares of NatWest Group by 14,445.1% during the first quarter. NewEdge Advisors LLC now owns 14,836 shares of the company's stock worth $177,000 after buying an additional 14,734 shares during the period. Goldman Sachs Group Inc. grew its holdings in NatWest Group by 7.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 6,474,908 shares of the company's stock worth $77,181,000 after buying an additional 455,538 shares in the last quarter. Jane Street Group LLC acquired a new stake in NatWest Group in the 1st quarter valued at approximately $2,282,000. Finally, Focus Partners Wealth increased its position in NatWest Group by 70.6% in the 1st quarter. Focus Partners Wealth now owns 24,251 shares of the company's stock valued at $290,000 after acquiring an additional 10,034 shares during the period. Institutional investors and hedge funds own 1.27% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on NWG shares. BNP Paribas Exane upgraded NatWest Group from a "strong sell" rating to a "hold" rating in a research report on Friday, February 27th. Zacks Research upgraded shares of NatWest Group from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 10th. Barclays reaffirmed an "equal weight" rating on shares of NatWest Group in a report on Wednesday, January 7th. Weiss Ratings reiterated a "buy (b)" rating on shares of NatWest Group in a research report on Thursday, January 22nd. Finally, The Goldman Sachs Group reiterated a "neutral" rating on shares of NatWest Group in a research report on Thursday, December 4th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy".

NatWest Group Stock Down 1.4%

NWG stock opened at $15.52 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.04 and a quick ratio of 1.04. The firm has a market capitalization of $62.01 billion, a P/E ratio of 8.67, a P/E/G ratio of 0.53 and a beta of 0.95. NatWest Group plc has a 52-week low of $10.40 and a 52-week high of $19.35. The company's 50 day simple moving average is $17.26 and its 200-day simple moving average is $16.00.

NatWest Group (NYSE:NWG - Get Free Report) last posted its quarterly earnings data on Thursday, February 12th. The company reported $0.46 EPS for the quarter, topping analysts' consensus estimates of $0.38 by $0.08. NatWest Group had a net margin of 18.59% and a return on equity of 13.05%. The firm had revenue of $5.74 billion during the quarter, compared to analyst estimates of $5.59 billion. As a group, equities research analysts anticipate that NatWest Group plc will post 1.35 EPS for the current year.

NatWest Group Announces Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, May 5th. Shareholders of record on Friday, March 20th will be paid a dividend of $0.621 per share. This represents a yield of 743.0%. The ex-dividend date of this dividend is Friday, March 20th. NatWest Group's payout ratio is 27.93%.

NatWest Group Profile

NatWest Group plc is a major UK-based banking and financial services group headquartered in Edinburgh, Scotland. The company traces its roots to the Royal Bank of Scotland, founded in 1727, and adopted the NatWest Group name in 2020 as part of a strategic refocus on its NatWest brand. NatWest Group is listed on the London Stock Exchange and also has American depositary shares trading on the New York Stock Exchange under the symbol NWG.

The group provides a broad range of banking services across retail, private, commercial, corporate and institutional segments.

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