Graham Capital Management L.P. Purchases Shares of 88,300 NatWest Group plc $NWG

Graham Capital Management L.P. purchased a new stake in NatWest Group plc (NYSE:NWG) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 88,300 shares of the company’s stock, valued at approximately $1,053,000.

A number of other institutional investors have also recently bought and sold shares of NWG. Natixis Advisors LLC lifted its stake in NatWest Group by 11.8% in the first quarter. Natixis Advisors LLC now owns 12,429,659 shares of the company’s stock valued at $148,162,000 after buying an additional 1,311,476 shares in the last quarter. Northern Trust Corp lifted its stake in NatWest Group by 45.6% in the fourth quarter. Northern Trust Corp now owns 3,243,078 shares of the company’s stock valued at $32,982,000 after buying an additional 1,014,926 shares in the last quarter. Bank of America Corp DE lifted its stake in NatWest Group by 25.1% in the fourth quarter. Bank of America Corp DE now owns 4,712,296 shares of the company’s stock valued at $47,924,000 after buying an additional 944,464 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in NatWest Group by 28.7% in the first 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. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in NatWest Group by 1,102.0% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 600,743 shares of the company’s stock valued at $7,161,000 after buying an additional 550,764 shares in the last quarter. Institutional investors own 1.27% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Zacks Research lowered shares of NatWest Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 18th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, NatWest Group currently has a consensus rating of “Moderate Buy”.

NatWest Group Price Performance

Shares of NWG opened at $13.90 on Thursday. The company has a market cap of $56.26 billion, a price-to-earnings ratio of 8.96, a PEG ratio of 0.80 and a beta of 1.08. NatWest Group plc has a 1-year low of $8.55 and a 1-year high of $15.52. The company’s fifty day simple moving average is $14.08 and its 200 day simple moving average is $13.19. The company has a current ratio of 1.05, a quick ratio of 1.06 and a debt-to-equity ratio of 0.14.

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

NatWest Group Cuts Dividend

The company also recently announced a semi-annual dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 8th will be issued a dividend of $0.255 per share. This represents a yield of 390.0%. The ex-dividend date is Friday, August 8th. NatWest Group’s payout ratio is presently 31.61%.

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.