Cubist Systematic Strategies LLC Reduces Holdings in NatWest Group plc (NYSE:NWG)

Cubist Systematic Strategies LLC decreased its position in shares of NatWest Group plc (NYSE:NWG) by 37.5% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 83,767 shares of the company’s stock after selling 50,305 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in NatWest Group were worth $673,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in NWG. Natixis Advisors LLC grew its holdings in shares of NatWest Group by 28.4% during the second quarter. Natixis Advisors LLC now owns 9,678,887 shares of the company’s stock worth $77,721,000 after purchasing an additional 2,139,290 shares during the last quarter. Raymond James & Associates grew its holdings in shares of NatWest Group by 46.8% during the second quarter. Raymond James & Associates now owns 2,402,184 shares of the company’s stock worth $19,290,000 after purchasing an additional 765,671 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of NatWest Group by 55.4% during the second quarter. Envestnet Asset Management Inc. now owns 1,759,325 shares of the company’s stock worth $14,127,000 after purchasing an additional 627,097 shares during the last quarter. Teachers Retirement System of The State of Kentucky grew its holdings in shares of NatWest Group by 18.3% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 2,398,671 shares of the company’s stock worth $16,311,000 after purchasing an additional 370,200 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC boosted its stake in shares of NatWest Group by 49.4% during the first quarter. O Shaughnessy Asset Management LLC now owns 993,364 shares of the company’s stock worth $6,755,000 after buying an additional 328,518 shares during the period. Hedge funds and other institutional investors own 1.27% of the company’s stock.

NatWest Group Price Performance

Shares of NWG opened at $9.36 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.08 and a current ratio of 1.07. The company has a market capitalization of $38.87 billion, a price-to-earnings ratio of 7.74, a price-to-earnings-growth ratio of 2.36 and a beta of 1.33. NatWest Group plc has a fifty-two week low of $4.30 and a fifty-two week high of $9.68. The firm has a 50-day simple moving average of $9.03 and a 200-day simple moving average of $8.36.

NatWest Group (NYSE:NWG) last announced its quarterly earnings data on Friday, July 26th. The company reported $0.35 EPS for the quarter. The firm had revenue of $4.62 billion during the quarter. On average, equities research analysts anticipate that NatWest Group plc will post 0.92 earnings per share for the current year.

NatWest Group Increases Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 9th were given a $0.1543 dividend. The ex-dividend date of this dividend was Friday, August 9th. This represents a yield of 4.3%. This is an increase from NatWest Group’s previous semi-annual dividend of $0.14. NatWest Group’s dividend payout ratio (DPR) is presently 25.62%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on NWG shares. Kepler Capital Markets started coverage on shares of NatWest Group in a research note on Thursday, September 5th. They set a “buy” rating for the company. The Goldman Sachs Group started coverage on shares of NatWest Group in a research note on Friday, October 4th. They set a “buy” rating for the company. Finally, UBS Group upgraded shares of NatWest Group to a “strong-buy” rating in a research note on Tuesday, July 30th. One research analyst has rated the stock with a sell rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

About NatWest Group

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.