Quantinno Capital Management LP Grows Stock Holdings in NatWest Group plc $NWG

Quantinno Capital Management LP raised its stake in NatWest Group plc (NYSE:NWG) by 14.0% in the first quarter, HoldingsChannel reports. The institutional investor owned 889,533 shares of the company’s stock after buying an additional 109,338 shares during the quarter. Quantinno Capital Management LP’s holdings in NatWest Group were worth $13,254,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Fisher Asset Management LLC grew its holdings in shares of NatWest Group by 4.3% in the 4th quarter. Fisher Asset Management LLC now owns 40,912,201 shares of the company’s stock worth $715,964,000 after acquiring an additional 1,677,879 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new position in NatWest Group during the third quarter worth $16,650,000. Morgan Stanley boosted its position in NatWest Group by 10.0% during the fourth quarter. Morgan Stanley now owns 11,061,146 shares of the company’s stock worth $193,570,000 after purchasing an additional 1,009,044 shares in the last quarter. Citadel Advisors LLC grew its holdings in NatWest Group by 150.7% in the third quarter. Citadel Advisors LLC now owns 1,612,872 shares of the company’s stock valued at $22,822,000 after purchasing an additional 969,546 shares during the last quarter. Finally, Millennium Management LLC increased its position in shares of NatWest Group by 42.4% in the third quarter. Millennium Management LLC now owns 3,166,315 shares of the company’s stock valued at $44,803,000 after buying an additional 942,059 shares in the last quarter. 1.27% of the stock is currently owned by institutional investors and hedge funds.

NatWest Group Stock Performance

NYSE:NWG opened at $19.39 on Tuesday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.04 and a quick ratio of 1.04. The firm has a market cap of $77.29 billion, a PE ratio of 9.65, a P/E/G ratio of 0.98 and a beta of 0.92. The firm has a 50 day simple moving average of $17.24 and a 200-day simple moving average of $16.57. NatWest Group plc has a 1-year low of $13.56 and a 1-year high of $19.42.

NatWest Group (NYSE:NWG) last announced its earnings results on Friday, July 31st. The company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.09. The firm had revenue of $6.06 billion for the quarter, compared to analyst estimates of $5.90 billion. NatWest Group had a net margin of 20.10% and a return on equity of 14.09%. On average, equities analysts expect that NatWest Group plc will post 1.94 EPS for the current year.

NatWest Group Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, September 18th. Investors of record on Friday, August 14th will be given a dividend of $0.3222 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a yield of 340.0%. NatWest Group’s dividend payout ratio is 60.20%.

Analyst Upgrades and Downgrades

NWG has been the topic of several recent research reports. Keefe, Bruyette & Woods upgraded shares of NatWest Group from a “hold” rating to a “moderate buy” rating in a research report on Friday, July 17th. Weiss Ratings restated a “buy (b-)” rating on shares of NatWest Group in a research report on Friday. Zacks Research lowered shares of NatWest Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. BNP Paribas Exane upgraded NatWest Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 11th. Finally, Wall Street Zen upgraded NatWest Group from a “hold” rating to a “buy” rating in a report on Saturday. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

About NatWest Group

NatWest Group plc is a major UK-based banking and financial services group headquartered in Edinburgh, Scotland. The company traces its roots to the Royal Bank of Scotland, founded in 1727, and adopted the NatWest Group name in 2020 as part of a strategic refocus on its NatWest brand. NatWest Group is listed on the London Stock Exchange and also has American depositary shares trading on the New York Stock Exchange under the symbol NWG.

The group provides a broad range of banking services across retail, private, commercial, corporate and institutional segments.