NatWest Group plc $NWG Shares Sold by Transmarket Holdings LP

Transmarket Holdings LP reduced its position in NatWest Group plc (NYSE:NWG) by 84.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 50,886 shares of the company’s stock after selling 286,621 shares during the quarter. Transmarket Holdings LP’s holdings in NatWest Group were worth $924,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of NWG. Park Avenue Securities LLC lifted its position in NatWest Group by 0.7% in the 3rd quarter. Park Avenue Securities LLC now owns 88,154 shares of the company’s stock worth $1,600,000 after buying an additional 589 shares during the last quarter. Apollon Wealth Management LLC boosted its stake in NatWest Group by 11.9% in the third quarter. Apollon Wealth Management LLC now owns 15,216 shares of the company’s stock worth $276,000 after buying an additional 1,615 shares in the last quarter. Signaturefd LLC boosted its stake in NatWest Group by 9.6% in the third quarter. Signaturefd LLC now owns 86,596 shares of the company’s stock worth $1,572,000 after buying an additional 7,593 shares in the last quarter. Root Financial Partners LLC bought a new position in NatWest Group during the third quarter valued at approximately $26,000. Finally, SBI Securities Co. Ltd. grew its position in NatWest Group by 284.1% during the third quarter. SBI Securities Co. Ltd. now owns 12,719 shares of the company’s stock valued at $231,000 after acquiring an additional 9,408 shares during the last quarter. 1.27% of the stock is currently owned by institutional investors.

NatWest Group Price Performance

Shares of NatWest Group stock opened at $17.23 on Thursday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.03 and a quick ratio of 1.04. The business’s 50 day simple moving average is $18.04 and its two-hundred day simple moving average is $17.09. The stock has a market capitalization of $68.41 billion, a P/E ratio of 8.57, a price-to-earnings-growth ratio of 0.76 and a beta of 0.94. NatWest Group plc has a one year low of $13.76 and a one year high of $19.42.

NatWest Group (NYSE:NWG) last released its quarterly earnings data on Thursday, July 30th. The company reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.09. The firm had revenue of $5.89 billion during the quarter, compared to analyst estimates of $5.90 billion. NatWest Group had a return on equity of 14.01% and a net margin of 20.10%. Analysts forecast that NatWest Group plc will post 1.97 EPS for the current year.

NatWest Group Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, September 18th. Investors of record on Friday, August 14th were issued a dividend of $0.3222 per share. The ex-dividend date was Friday, August 14th. This represents a yield of 337.0%. This is a decrease from NatWest Group’s previous dividend of $0.6210. NatWest Group’s dividend payout ratio (DPR) is currently 31.34%.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Weiss Ratings downgraded shares of NatWest Group from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday, October 23rd. Keefe, Bruyette & Woods raised shares of NatWest Group from a “hold” rating to a “moderate buy” rating in a research note on Friday, July 17th. Barclays raised shares of NatWest Group from an “equal weight” rating to an “overweight” rating in a report on Tuesday, October 13th. Morgan Stanley upgraded shares of NatWest Group from an “equal weight” rating to an “overweight” rating in a research 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 note on Sunday, August 9th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

About NatWest Group

NatWest Group plc is a United Kingdom-based banking and financial services company. Through brands including NatWest, Royal Bank of Scotland, Ulster Bank and Coutts, it provides current accounts, savings products, mortgages, personal loans, credit cards, insurance and other financial services to individuals and households.

The group also serves small and medium-sized businesses, larger companies and institutional clients. Its commercial and institutional banking activities include lending, transaction banking, cash management, payments, trade finance, capital markets services and risk-management solutions.