Pzena Investment Management LLC Reduces Stock Position in NatWest Group plc (NYSE:NWG)

Pzena Investment Management LLC lessened its stake in NatWest Group plc (NYSE:NWG) by 20.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 53,582 shares of the company’s stock after selling 13,463 shares during the quarter. Pzena Investment Management LLC’s holdings in NatWest Group were worth $545,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Natixis Advisors LLC grew its holdings in NatWest Group by 10.7% in the 3rd quarter. Natixis Advisors LLC now owns 10,709,944 shares of the company’s stock valued at $100,245,000 after buying an additional 1,031,057 shares in the last quarter. Todd Asset Management LLC grew its holdings in shares of NatWest Group by 0.3% in the fourth quarter. Todd Asset Management LLC now owns 4,135,388 shares of the company’s stock valued at $42,057,000 after purchasing an additional 10,755 shares during the period. Raymond James Financial Inc. acquired a new stake in NatWest Group during the fourth quarter worth about $27,339,000. FMR LLC raised its stake in NatWest Group by 57.0% during the third quarter. FMR LLC now owns 1,988,329 shares of the company’s stock worth $18,611,000 after purchasing an additional 721,578 shares during the period. Finally, ABC Arbitrage SA acquired a new position in NatWest Group in the 4th quarter valued at about $9,578,000. Hedge funds and other institutional investors own 1.27% of the company’s stock.

NatWest Group Trading Up 0.1 %

Shares of NWG stock opened at $11.48 on Wednesday. NatWest Group plc has a 1-year low of $6.17 and a 1-year high of $12.65. The firm has a market cap of $46.21 billion, a PE ratio of 8.44, a price-to-earnings-growth ratio of 0.85 and a beta of 1.22. The company has a 50-day moving average of $10.91 and a two-hundred day moving average of $10.11. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.06 and a quick ratio of 1.06.

NatWest Group (NYSE:NWG) last issued its quarterly earnings data on Friday, February 14th. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.26 by $0.11. The company had revenue of $4.90 billion during the quarter, compared to analyst estimates of $3.75 billion. On average, analysts predict that NatWest Group plc will post 1.35 EPS for the current year.

NatWest Group Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Monday, April 28th. Stockholders of record on Friday, March 14th will be paid a $0.3899 dividend. The ex-dividend date is Friday, March 14th. This is a boost from NatWest Group’s previous semi-annual dividend of $0.36. This represents a dividend yield of 3.8%. NatWest Group’s payout ratio is presently 55.88%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on NWG shares. Peel Hunt downgraded shares of NatWest Group from a “strong-buy” rating to a “moderate buy” rating in a report on Thursday, March 6th. BNP Paribas lowered NatWest Group from an “outperform” rating to a “neutral” rating in a research report on Tuesday, March 4th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy”.

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.