NatWest Group plc $NWG Shares Sold by Pzena Investment Management LLC

Pzena Investment Management LLC decreased its stake in NatWest Group plc (NYSE:NWG) by 45.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,210 shares of the company’s stock after selling 19,888 shares during the period. Pzena Investment Management LLC’s holdings in NatWest Group were worth $343,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Pacer Advisors Inc. boosted its holdings in shares of NatWest Group by 3.0% in the 1st quarter. Pacer Advisors Inc. now owns 28,042 shares of the company’s stock valued at $334,000 after buying an additional 807 shares in the last quarter. Commerce Bank boosted its holdings in shares of NatWest Group by 5.2% in the 1st quarter. Commerce Bank now owns 16,511 shares of the company’s stock valued at $197,000 after buying an additional 818 shares in the last quarter. Aaron Wealth Advisors LLC boosted its holdings in shares of NatWest Group by 2.4% in the 1st quarter. Aaron Wealth Advisors LLC now owns 35,935 shares of the company’s stock valued at $428,000 after buying an additional 831 shares in the last quarter. Checchi Capital Advisers LLC boosted its holdings in shares of NatWest Group by 7.1% in the 1st quarter. Checchi Capital Advisers LLC now owns 12,555 shares of the company’s stock valued at $150,000 after buying an additional 833 shares in the last quarter. Finally, Dorsey & Whitney Trust CO LLC boosted its holdings in shares of NatWest Group by 1.5% in the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 58,549 shares of the company’s stock valued at $698,000 after buying an additional 850 shares in the last quarter. Institutional investors and hedge funds own 1.27% of the company’s stock.

NatWest Group Stock Up 1.2%

NWG stock opened at $14.57 on Tuesday. NatWest Group plc has a one year low of $9.16 and a one year high of $15.52. The stock has a market capitalization of $58.57 billion, a PE ratio of 9.40, a price-to-earnings-growth ratio of 0.73 and a beta of 1.05. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.06 and a current ratio of 1.05. The company has a fifty day moving average of $14.43 and a 200-day moving average of $13.68.

NatWest Group (NYSE:NWG) last released its earnings results on Friday, July 25th. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.37 by $0.04. NatWest Group had a net margin of 16.84% and a return on equity of 11.99%. The company had revenue of $5.42 billion during the quarter, compared to analysts’ expectations of $4.06 billion. As a group, analysts expect that NatWest Group plc will post 1.35 EPS for the current year.

NatWest Group Cuts Dividend

The business also recently declared a semi-annual dividend, which was paid on Friday, September 12th. Stockholders of record on Friday, August 8th were issued a $0.255 dividend. This represents a dividend yield of 390.0%. The ex-dividend date was Friday, August 8th. NatWest Group’s dividend payout ratio (DPR) is currently 32.26%.

Analysts Set New Price Targets

NWG has been the topic of several research reports. Weiss Ratings reissued a “buy (b)” rating on shares of NatWest Group in a research report on Wednesday, October 8th. BNP Paribas Exane downgraded shares of NatWest Group from a “neutral” rating to an “underperform” rating in a research report on Friday, September 5th. BNP Paribas downgraded shares of NatWest Group from a “hold” rating to a “strong sell” rating in a research report on Friday, September 5th. Finally, Zacks Research downgraded shares of NatWest Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 18th. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

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.