Y Intercept Hong Kong Ltd Has $405,000 Stock Position in NatWest Group plc (NYSE:NWG)

Y Intercept Hong Kong Ltd decreased its position in shares of NatWest Group plc (NYSE:NWG - Free Report) by 45.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,945 shares of the company's stock after selling 27,986 shares during the period. Y Intercept Hong Kong Ltd's holdings in NatWest Group were worth $405,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its position in NatWest Group by 3.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 7,322,718 shares of the company's stock worth $74,473,000 after buying an additional 216,053 shares during the period. Bank of America Corp DE increased its position in NatWest Group by 25.1% during the 4th quarter. Bank of America Corp DE now owns 4,712,296 shares of the company's stock worth $47,924,000 after buying an additional 944,464 shares during the period. Northern Trust Corp increased its position in NatWest Group by 45.6% during the 4th quarter. Northern Trust Corp now owns 3,243,078 shares of the company's stock worth $32,982,000 after buying an additional 1,014,926 shares during the period. Envestnet Asset Management Inc. increased its position in NatWest Group by 28.7% during the 1st quarter. Envestnet Asset Management Inc. now owns 2,744,550 shares of the company's stock worth $32,715,000 after buying an additional 611,323 shares during the period. Finally, Raymond James Financial Inc. bought a new position in NatWest Group during the 4th quarter worth $27,339,000. Institutional investors own 1.27% of the company's stock.

NatWest Group Price Performance

Shares of NYSE NWG traded down $0.22 during mid-day trading on Friday, reaching $13.76. The company had a trading volume of 2,803,920 shares, compared to its average volume of 5,099,685. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.06 and a current ratio of 1.05. NatWest Group plc has a one year low of $8.08 and a one year high of $14.55. The firm has a market cap of $55.74 billion, a price-to-earnings ratio of 8.87, a PEG ratio of 0.81 and a beta of 1.01. The business's 50-day simple moving average is $13.88 and its 200 day simple moving average is $12.55.

NatWest Group (NYSE:NWG - Get Free Report) last issued its quarterly earnings results on Friday, July 25th. The company reported $0.41 EPS for the quarter, topping analysts' consensus estimates of $0.37 by $0.04. NatWest Group had a return on equity of 11.99% and a net margin of 16.84%. The company had revenue of $5.42 billion for the quarter, compared to analysts' expectations of $4.06 billion. On average, research analysts predict that NatWest Group plc will post 1.35 earnings per share for the current fiscal year.

NatWest Group Cuts Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 8th will be given a $0.255 dividend. This represents a yield of 390.0%. The ex-dividend date is Friday, August 8th. NatWest Group's payout ratio is currently 31.61%.

Wall Street Analyst Weigh In

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

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.