NATWEST GROUP (NWG)

Sector:

Banking

Index:

FTSE 100

318.50p
   
  • Change Today:
      3.70p
  • 52 Week High: 326.40p
  • 52 Week Low: 176.15p
  • Currency: UK Pounds
  • Shares Issued: 8,323m
  • Volume: 11,833,251
  • Market Cap: £26,508m
  • RiskGrade: 62

Government cuts NatWest stake to 22.5% after £1.24bn sale

By Benjamin Chiou

Date: Friday 31 May 2024

LONDON (ShareCast) - (Sharecast News) - The government has sold a £1.24bn stake in NatWest, as the HM Treasury continues to reduce its shareholding in the state-backed lender.
The bank announced on Friday that the share sale was effected by way of an off-market purchase by NatWest of more than 392m shares at 316.2p, Thursday's closing price.

The deal cut UK Government Investments Limited's stake in the bank from 25.98% to 22.5%. The government once held an 84% shareholding in the bank after bailing it out during the 2008 financial crisis.

Last week, it was announced that the government's proposed share sale to retail investors planned for this summer had been suspended because of the general election on 4 July.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

RBS Market Data

Currency UK Pounds
Share Price 318.50p
Change Today 3.70p
% Change 1.18 %
52 Week High 326.40p
52 Week Low 176.15p
Volume 11,833,251
Shares Issued 8,323m
Market Cap £26,508m
RiskGrade 62

RBS Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
88.02% above the market average88.02% above the market average88.02% above the market average88.02% above the market average88.02% above the market average
52.94% below the sector average52.94% below the sector average52.94% below the sector average52.94% below the sector average52.94% below the sector average
Price Trend
88.60% above the market average88.60% above the market average88.60% above the market average88.60% above the market average88.60% above the market average
76.47% above the sector average76.47% above the sector average76.47% above the sector average76.47% above the sector average76.47% above the sector average
Income
92.88% above the market average92.88% above the market average92.88% above the market average92.88% above the market average92.88% above the market average
6.67% above the sector average6.67% above the sector average6.67% above the sector average6.67% above the sector average6.67% above the sector average
Growth
73.51% above the market average73.51% above the market average73.51% above the market average73.51% above the market average73.51% above the market average
17.65% above the sector average17.65% above the sector average17.65% above the sector average17.65% above the sector average17.65% above the sector average

What The Brokers Say

Strong Buy 6
Buy 5
Neutral 4
Sell 1
Strong Sell 1
Total 17
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

RBS Dividends

  Latest Previous
  Final Interim
Ex-Div 14-Mar-24 10-Aug-23
Paid 29-Apr-24 15-Sep-23
Amount 11.50p 5.50p

Trades for 24-Jun-2024

Time Volume / Share Price
14:13 1 @ 318.60p
14:13 567 @ 318.50p
14:13 629 @ 318.50p
14:13 1,461 @ 318.50p
14:13 327 @ 318.50p

RBS Key Personnel

CEO Paul Thwaite
Chair Richard Haythornthwait

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