Park Avenue Securities LLC Grows Position in NatWest Group plc $NWG

Key Points

• Park Avenue Securities LLC increased its stake in NatWest Group by 37.4%, owning 112,106 shares valued at $1,586,000 after acquiring an additional 30,499 shares in the second quarter.
• Analysts have adjusted their ratings, with BNP Paribas downgrading NatWest from "hold" to "strong sell," resulting in an average rating of "Hold" among research analysts.
• NatWest Group's shares are currently trading at $13.64, experiencing a 1.9% decrease, with its market capitalization standing at $55.05 billion.

Park Avenue Securities LLC grew its stake in NatWest Group plc (NYSE:NWG - Free Report) by 37.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 112,106 shares of the company's stock after buying an additional 30,499 shares during the quarter. Park Avenue Securities LLC's holdings in NatWest Group were worth $1,586,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Millennium Management LLC raised its stake in NatWest Group by 364.3% during the 1st quarter. Millennium Management LLC now owns 2,938,011 shares of the company's stock worth $35,021,000 after acquiring an additional 2,305,175 shares during the period. Natixis Advisors LLC raised its position in shares of NatWest Group by 11.8% during the 1st quarter. Natixis Advisors LLC now owns 12,429,659 shares of the company's stock valued at $148,162,000 after purchasing an additional 1,311,476 shares during the period. Envestnet Asset Management Inc. lifted its stake in shares of NatWest Group by 28.7% during the 1st quarter. Envestnet Asset Management Inc. now owns 2,744,550 shares of the company's stock valued at $32,715,000 after buying an additional 611,323 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in NatWest Group by 1,102.0% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 600,743 shares of the company's stock worth $7,161,000 after buying an additional 550,764 shares during the period. Finally, Raymond James Financial Inc. increased its stake in NatWest Group by 20.3% in the 1st quarter. Raymond James Financial Inc. now owns 3,233,255 shares of the company's stock worth $38,540,000 after buying an additional 545,017 shares in the last quarter. 1.27% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

NWG has been the topic of several research analyst reports. BNP Paribas downgraded NatWest Group from a "hold" rating to a "strong sell" rating in a research report on Friday, September 5th. Zacks Research cut NatWest Group from a "strong-buy" rating to a "hold" rating in a report on Monday, August 18th. Finally, BNP Paribas Exane lowered shares of NatWest Group from a "neutral" rating to an "underperform" rating in a report on Friday, September 5th. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, NatWest Group presently has an average rating of "Hold".

NatWest Group Stock Down 1.9%

Shares of NWG opened at $13.64 on Friday. The business's 50 day simple moving average is $14.28 and its 200-day simple moving average is $13.45. NatWest Group plc has a 1 year low of $8.69 and a 1 year high of $15.52. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.05 and a quick ratio of 1.06. The stock has a market capitalization of $55.05 billion, a price-to-earnings ratio of 8.80, a price-to-earnings-growth ratio of 0.79 and a beta of 1.08.

NatWest Group (NYSE:NWG - Get Free Report) last released its quarterly earnings results on Friday, July 25th. The company reported $0.41 earnings per share (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. As a group, equities analysts expect that NatWest Group plc will post 1.35 earnings per share for the current fiscal year.

NatWest Group Cuts Dividend

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

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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