Crossmark Global Holdings Inc. Sells 63,058 Shares of NatWest Group plc $NWG

Crossmark Global Holdings Inc. decreased its position in shares of NatWest Group plc (NYSE:NWG) by 6.1% in the third quarter, Holdings Channel.com reports. The firm owned 972,386 shares of the company’s stock after selling 63,058 shares during the period. Crossmark Global Holdings Inc.’s holdings in NatWest Group were worth $17,649,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Sei Investments Co. increased its position in NatWest Group by 28.9% in the 1st quarter. Sei Investments Co. now owns 566,648 shares of the company’s stock worth $8,443,000 after purchasing an additional 126,996 shares during the last quarter. Manning & Napier Advisors LLC purchased a new stake in shares of NatWest Group during the 2nd quarter worth about $4,239,000. Engineers Gate Manager LP raised its stake in shares of NatWest Group by 104.6% during the 2nd quarter. Engineers Gate Manager LP now owns 175,888 shares of the company’s stock worth $3,101,000 after purchasing an additional 89,928 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of NatWest Group by 17.8% during the 1st quarter. Bank of America Corp DE now owns 6,948,264 shares of the company’s stock valued at $103,529,000 after buying an additional 1,048,804 shares during the last quarter. Finally, QRG Capital Management Inc. lifted its holdings in shares of NatWest Group by 12.4% during the 2nd quarter. QRG Capital Management Inc. now owns 558,069 shares of the company’s stock valued at $9,839,000 after buying an additional 61,748 shares during the last quarter. Institutional investors and hedge funds own 1.27% of the company’s stock.

NatWest Group Trading Up 1.4%

Shares of NYSE:NWG opened at $17.39 on Thursday. The stock has a market capitalization of $69.03 billion, a PE ratio of 8.65, a P/E/G ratio of 0.77 and a beta of 0.94. NatWest Group plc has a 1 year low of $13.76 and a 1 year high of $19.42. The firm has a fifty day moving average price of $18.25 and a 200 day moving average price of $17.34. The company has a current ratio of 1.03, a quick ratio of 1.04 and a debt-to-equity ratio of 0.15.

NatWest Group (NYSE:NWG) last posted its earnings results on Thursday, July 30th. The company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.45 by $0.09. NatWest Group had a net margin of 20.10% and a return on equity of 14.01%. The firm had revenue of $5.89 billion for the quarter, compared to the consensus estimate of $5.90 billion. Analysts expect that NatWest Group plc will post 1.97 EPS for the current fiscal year.

NatWest Group Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, September 18th. Shareholders of record on Friday, August 14th were given a $0.3222 dividend. This is a decrease from NatWest Group’s previous dividend of $0.6210. This represents a dividend yield of 337.0%. The ex-dividend date of this dividend was Friday, August 14th. NatWest Group’s payout ratio is presently 31.34%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on NWG shares. Barclays raised NatWest Group from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, October 13th. Keefe, Bruyette & Woods raised shares of NatWest Group from a “hold” rating to a “moderate buy” rating in a research report on Friday, July 17th. Wall Street Zen lowered shares of NatWest Group from a “buy” rating to a “hold” rating in a research report on Sunday, August 9th. Morgan Stanley upgraded shares of NatWest Group from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, September 2nd. Finally, Berenberg Bank assumed coverage on shares of NatWest Group in a research report on Wednesday, June 24th. They issued a “buy” rating for the company. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, NatWest Group presently has an average rating of “Moderate Buy”.

NatWest Group Company Profile

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.