WINTON GROUP Ltd Sells 148,800 Shares of NatWest Group plc $NWG

Key Points

• WINTON GROUP Ltd cut its NatWest Group stake by 70.5% in the second quarter, selling 148,800 shares and retaining 62,200 shares valued at approximately $1.1 million.
• Analyst sentiment remains generally positive: NatWest has an average “Moderate Buy” rating, with recent upgrades from Keefe, Bruyette & Woods and Morgan Stanley.
• NatWest reported quarterly EPS of $0.54, exceeding the $0.45 consensus estimate, while revenue of $5.89 billion was roughly in line with forecasts.

WINTON GROUP Ltd trimmed its holdings in NatWest Group plc (NYSE:NWG - Free Report) by 70.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 62,200 shares of the company's stock after selling 148,800 shares during the period. WINTON GROUP Ltd's holdings in NatWest Group were worth $1,097,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in NWG. Larson Financial Group LLC increased its holdings in shares of NatWest Group by 427.7% during the 3rd quarter. Larson Financial Group LLC now owns 1,831 shares of the company's stock worth $26,000 after acquiring an additional 1,484 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its holdings in NatWest Group by 173.6% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,197 shares of the company's stock valued at $38,000 after purchasing an additional 1,394 shares during the last quarter. IFP Advisors Inc lifted its holdings in NatWest Group by 101.7% during the 4th quarter. IFP Advisors Inc now owns 2,259 shares of the company's stock valued at $40,000 after purchasing an additional 1,139 shares during the last quarter. Geneos Wealth Management Inc. boosted its position in NatWest Group by 35.2% during the first quarter. Geneos Wealth Management Inc. now owns 4,594 shares of the company's stock worth $55,000 after purchasing an additional 1,195 shares during the period. Finally, Atlas Capital Advisors Inc. acquired a new position in shares of NatWest Group in the fourth quarter valued at $56,000. 1.27% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on NWG shares. Keefe, Bruyette & Woods raised shares of NatWest Group from a "hold" rating to a "moderate buy" rating in a research report on Friday, July 17th. Weiss Ratings raised shares of NatWest Group from a "buy (b-)" rating to a "buy (b)" rating in a report on Thursday, August 13th. Berenberg Bank initiated coverage on shares of NatWest Group in a research note on Wednesday, June 24th. They issued a "buy" rating on the stock. Morgan Stanley raised shares of NatWest Group from an "equal weight" rating to an "overweight" rating in a report on Wednesday, September 2nd. Finally, Wall Street Zen downgraded shares of NatWest Group from a "buy" rating to a "hold" rating in a research report on Sunday, August 9th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, NatWest Group presently has an average rating of "Moderate Buy".

NatWest Group Price Performance

Shares of NatWest Group stock opened at $18.88 on Monday. The company has a quick ratio of 1.04, a current ratio of 1.03 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $75.05 billion, a price-to-earnings ratio of 9.39, a price-to-earnings-growth ratio of 0.89 and a beta of 0.91. NatWest Group plc has a twelve month low of $13.56 and a twelve month high of $19.42. The company has a 50-day simple moving average of $18.47 and a two-hundred day simple moving average of $16.85.

NatWest Group (NYSE:NWG - Get Free Report) last announced its 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. NatWest Group had a net margin of 20.10% and a return on equity of 14.01%. The firm had revenue of $5.89 billion for the quarter, compared to analyst estimates of $5.90 billion. Analysts forecast that NatWest Group plc will post 1.98 EPS for the current year.

NatWest Group Cuts Dividend

The business also recently announced a dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, August 14th will be issued a dividend of $0.3222 per share. This represents a dividend yield of 337.0%. The ex-dividend date of this dividend is Friday, August 14th. NatWest Group's dividend payout ratio is 31.34%.

NatWest Group Profile

NatWest Group plc is a United Kingdom-based banking and financial services company. Its principal brands include NatWest, Royal Bank of Scotland and Ulster Bank, and it provides services to personal, business and institutional customers.

The group offers current and savings accounts, mortgages, personal loans, credit cards, insurance and investment-related services. For businesses and institutions, its activities include lending, cash management, payments, asset finance, foreign exchange, risk management and other corporate banking services.

NatWest Group primarily serves customers in the United Kingdom, with selected activities and relationships in international financial markets.

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