NatWest Group plc (NYSE:NWG) Shares Sold by ABC Arbitrage SA

Key Points

• ABC Arbitrage SA reduced its stake in NatWest Group by 38%, selling over 357,000 shares and leaving it with approximately 584,000 shares valued at about $6.96 million.
• NatWest Group's stock has a current market cap of $57.06 billion, with a one-year price range of $8.08 to $14.55 and a reported earnings per share (EPS) of $0.41.
• Citigroup has maintained a "buy" rating on NatWest Group shares, contributing to a consensus rating of "Moderate Buy" among analysts.

ABC Arbitrage SA decreased its stake in NatWest Group plc (NYSE:NWG - Free Report) by 38.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 584,015 shares of the company's stock after selling 357,751 shares during the period. NatWest Group accounts for 1.3% of ABC Arbitrage SA's portfolio, making the stock its 17th largest position. ABC Arbitrage SA's holdings in NatWest Group were worth $6,961,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in NWG. Pacer Advisors Inc. lifted its stake in NatWest Group by 3.0% in the first quarter. Pacer Advisors Inc. now owns 28,042 shares of the company's stock valued at $334,000 after buying an additional 807 shares during the last quarter. Commerce Bank grew its position in shares of NatWest Group by 5.2% during the first quarter. Commerce Bank now owns 16,511 shares of the company's stock worth $197,000 after acquiring an additional 818 shares during the last quarter. Aaron Wealth Advisors LLC increased its holdings in shares of NatWest Group by 2.4% in the 1st quarter. Aaron Wealth Advisors LLC now owns 35,935 shares of the company's stock worth $428,000 after acquiring an additional 831 shares during the period. Checchi Capital Advisers LLC lifted its position in NatWest Group by 7.1% in the 1st quarter. Checchi Capital Advisers LLC now owns 12,555 shares of the company's stock valued at $150,000 after purchasing an additional 833 shares during the last quarter. Finally, Adero Partners LLC lifted its position in NatWest Group by 8.4% in the 1st quarter. Adero Partners LLC now owns 12,723 shares of the company's stock valued at $152,000 after purchasing an additional 985 shares during the last quarter. Institutional investors and hedge funds own 1.27% of the company's stock.

NatWest Group Stock Performance

NWG stock traded up $0.08 during trading on Wednesday, reaching $14.11. 2,760,456 shares of the company's stock were exchanged, compared to its average volume of 3,751,903. NatWest Group plc has a 1-year low of $8.48 and a 1-year high of $14.55. The firm has a market cap of $57.12 billion, a PE ratio of 9.10, a P/E/G ratio of 0.81 and a beta of 1.07. The company's fifty day moving average price is $13.86 and its 200-day moving average price is $12.65. The company has a quick ratio of 1.06, a current ratio of 1.05 and a debt-to-equity ratio of 0.14.

NatWest Group (NYSE:NWG - Get Free Report) last issued its quarterly earnings data on Friday, July 25th. The company reported $0.41 earnings per share for the quarter, beating analysts' consensus estimates of $0.37 by $0.04. The business had revenue of $5.42 billion for the quarter, compared to analysts' expectations of $4.06 billion. NatWest Group had a net margin of 16.84% and a return on equity of 11.99%. On average, research analysts expect that NatWest Group plc will post 1.35 EPS 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. Stockholders of record on Friday, August 8th will be paid a $0.255 dividend. This represents a dividend yield of 390.0%. The ex-dividend date of this dividend is Friday, August 8th. NatWest Group's dividend payout ratio is currently 49.68%.

Wall Street Analysts Forecast Growth

Separately, Citigroup restated a "buy" rating on shares of NatWest Group in a research report on Monday, April 28th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy".

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.