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

Key Points

• Crossmark Global Holdings cut its NatWest Group position by 6.1% in the third quarter, selling 63,058 shares and retaining 972,386 shares valued at approximately $17.6 million.
• NatWest reported quarterly EPS of $0.54, exceeding analysts’ $0.45 estimate, while revenue of $5.89 billion was slightly below expectations. Analysts project full-year EPS of $1.97.
• The stock carries a consensus “Moderate Buy” rating, although NatWest reduced its dividend to $0.3222 from $0.6210; shares recently opened at $17.39, within a 52-week range of $13.76 to $19.42.

Crossmark Global Holdings Inc. reduced its position in NatWest Group plc (NYSE:NWG - Free Report) by 6.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 972,386 shares of the company's stock after selling 63,058 shares during the period. Crossmark Global Holdings Inc.'s holdings in NatWest Group were worth $17,649,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in NWG. Quadrant Capital Group LLC raised its holdings in shares of NatWest Group by 1.5% during the third quarter. Quadrant Capital Group LLC now owns 181,805 shares of the company's stock valued at $3,209,000 after acquiring an additional 2,755 shares during the period. Diversify Advisory Services LLC boosted its stake in NatWest Group by 15.4% in the 3rd quarter. Diversify Advisory Services LLC now owns 15,578 shares of the company's stock worth $272,000 after purchasing an additional 2,084 shares during the period. 55 North Private Wealth LLC boosted its stake in NatWest Group by 15.6% in the 3rd quarter. 55 North Private Wealth LLC now owns 16,100 shares of the company's stock worth $292,000 after purchasing an additional 2,173 shares during the period. Prime Capital Investment Advisors LLC grew its position in NatWest Group by 15.5% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 14,186 shares of the company's stock worth $257,000 after purchasing an additional 1,905 shares in the last quarter. Finally, Mather Group LLC. grew its position in NatWest Group by 1,484.9% during the 3rd quarter. Mather Group LLC. now owns 4,723 shares of the company's stock worth $86,000 after purchasing an additional 4,425 shares in the last quarter. 1.27% of the stock is owned by hedge funds and other institutional investors.

NatWest Group Price Performance

Shares of NWG opened at $17.39 on Thursday. The company has a market capitalization of $69.03 billion, a price-to-earnings ratio of 8.65, a P/E/G ratio of 0.77 and a beta of 0.94. NatWest Group plc has a fifty-two week low of $13.76 and a fifty-two week high of $19.42. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.03 and a quick ratio of 1.04. The business's 50-day moving average is $18.25 and its 200-day moving average is $17.34.

NatWest Group (NYSE:NWG - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The company reported $0.54 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.45 by $0.09. The business had revenue of $5.89 billion during the quarter, compared to analyst estimates of $5.90 billion. NatWest Group had a net margin of 20.10% and a return on equity of 14.01%. Equities research analysts expect that NatWest Group plc will post 1.97 EPS for the current fiscal year.

NatWest Group Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, September 18th. Shareholders of record on Friday, August 14th were paid a $0.3222 dividend. The ex-dividend date was Friday, August 14th. This represents a yield of 337.0%. This is a drop from NatWest Group's previous dividend of $0.6210. NatWest Group's dividend payout ratio (DPR) is currently 31.34%.

Analysts Set New Price Targets

Several analysts have issued reports on NWG shares. Berenberg Bank started coverage on shares of NatWest Group in a research note on Wednesday, June 24th. They set a "buy" rating on the stock. Wall Street Zen cut NatWest Group from a "buy" rating to a "hold" rating in a research report on Sunday, August 9th. Weiss Ratings raised NatWest Group from a "buy (b)" rating to a "buy (b+)" rating in a research report on Thursday, October 8th. Keefe, Bruyette & Woods upgraded NatWest Group from a "hold" rating to a "moderate buy" rating in a report on Friday, July 17th. Finally, Morgan Stanley raised NatWest Group from an "equal weight" rating to an "overweight" rating in a research report on Wednesday, September 2nd. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy".

About NatWest Group

NatWest Group plc is a United Kingdom-based banking and financial services company. Through brands including NatWest, Royal Bank of Scotland, Ulster Bank and Coutts, it provides current accounts, savings products, mortgages, personal loans, credit cards, insurance and other financial services to individuals and households.

The group also serves small and medium-sized businesses, larger companies and institutional clients. Its commercial and institutional banking activities include lending, transaction banking, cash management, payments, trade finance, capital markets services and risk-management solutions.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.