Todd Asset Management LLC Sells 76,169 Shares of NatWest Group plc (NYSE:NWG)

Key Points

• Todd Asset Management LLC reduced its position in NatWest Group plc by 1.8% during the first quarter, owning 4,059,219 shares after selling 76,169 shares.
• Natixis Advisors LLC increased its holdings in NatWest Group by 11.8%, now owning 12,429,659 shares valued at $148,162,000.
• NatWest Group recently announced a semi-annual dividend of $0.255 per share, which will be paid on September 12, reflecting a yield of **390.0%**.

Todd Asset Management LLC lowered its holdings in shares of NatWest Group plc (NYSE:NWG - Free Report) by 1.8% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 4,059,219 shares of the company's stock after selling 76,169 shares during the period. NatWest Group accounts for approximately 1.1% of Todd Asset Management LLC's holdings, making the stock its 26th largest position. Todd Asset Management LLC owned about 0.10% of NatWest Group worth $48,386,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of NWG. JPMorgan Chase & Co. grew its holdings in NatWest Group by 1,506.7% during the fourth quarter. JPMorgan Chase & Co. now owns 750,227 shares of the company's stock worth $7,630,000 after purchasing an additional 703,534 shares during the period. Franklin Resources Inc. grew its holdings in NatWest Group by 9.9% during the fourth quarter. Franklin Resources Inc. now owns 26,063 shares of the company's stock worth $265,000 after purchasing an additional 2,356 shares during the period. Wells Fargo & Company MN grew its holdings in NatWest Group by 1.5% during the fourth quarter. Wells Fargo & Company MN now owns 1,901,822 shares of the company's stock worth $19,342,000 after purchasing an additional 28,281 shares during the period. Russell Investments Group Ltd. grew its holdings in NatWest Group by 20.4% during the fourth quarter. Russell Investments Group Ltd. now owns 39,546 shares of the company's stock worth $402,000 after purchasing an additional 6,704 shares during the period. Finally, Cerity Partners LLC grew its holdings in NatWest Group by 36.0% during the fourth quarter. Cerity Partners LLC now owns 114,762 shares of the company's stock worth $1,132,000 after purchasing an additional 30,377 shares during the period. Institutional investors own 1.27% of the company's stock.

Analyst Ratings Changes

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

NatWest Group Stock Performance

NatWest Group stock traded up $0.34 during trading hours on Thursday, hitting $15.17. The company had a trading volume of 2,965,925 shares, compared to its average volume of 4,994,574. The firm has a market cap of $61.41 billion, a PE ratio of 9.78, a PEG ratio of 0.84 and a beta of 1.07. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.05 and a quick ratio of 1.06. NatWest Group plc has a one year low of $8.55 and a one year high of $15.17. The firm has a 50-day moving average of $13.87 and a 200 day moving average of $12.80.

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 for the quarter, beating the consensus estimate of $0.37 by $0.04. The firm 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, sell-side analysts expect that NatWest Group plc will post 1.35 earnings per share for the current year.

NatWest Group Cuts Dividend

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

NatWest Group Company 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.