NatWest Group plc (NYSE:NWG) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of NatWest Group plc (NYSE:NWG) have been assigned an average recommendation of “Moderate Buy” from the seven analysts that are presently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company.

Several analysts recently issued reports on the company. Zacks Research downgraded NatWest Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Berenberg Bank started coverage on NatWest Group in a research report on Wednesday, June 24th. They set a “buy” rating on the stock. BNP Paribas Exane raised NatWest Group from a “hold” rating to a “strong-buy” rating in a report on Monday, May 11th. Wall Street Zen cut shares of NatWest Group from a “buy” rating to a “hold” rating in a research report on Sunday. Finally, Keefe, Bruyette & Woods upgraded shares of NatWest Group from a “hold” rating to a “moderate buy” rating in a research note on Friday, July 17th.

NatWest Group Trading Down 0.3%

NWG stock opened at $19.14 on Thursday. NatWest Group has a one year low of $13.56 and a one year high of $19.42. The stock has a market cap of $76.27 billion, a price-to-earnings ratio of 9.52, a price-to-earnings-growth ratio of 0.97 and a beta of 0.92. The company has a fifty day moving average price of $17.55 and a two-hundred day moving average price of $16.64. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.03 and a quick ratio of 1.04.

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

NatWest Group Cuts Dividend

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

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Larson Financial Group LLC raised its position in shares of NatWest Group by 427.7% in the third quarter. Larson Financial Group LLC now owns 1,831 shares of the company’s stock valued at $26,000 after buying an additional 1,484 shares in the last quarter. Rachor Investment Advisory Services LLC bought a new position in NatWest Group during the 4th quarter worth $34,000. Caitong International Asset Management Co. Ltd increased its stake in NatWest Group by 173.6% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,197 shares of the company’s stock worth $38,000 after acquiring an additional 1,394 shares during the period. IFP Advisors Inc raised its holdings in NatWest Group by 101.7% in the 4th quarter. IFP Advisors Inc now owns 2,259 shares of the company’s stock valued at $40,000 after acquiring an additional 1,139 shares in the last quarter. Finally, Atlas Capital Advisors Inc. acquired a new position in NatWest Group in the 4th quarter valued at $56,000. 1.27% of the stock is owned by institutional investors.

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.