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

NatWest Group plc (NYSE:NWG) has earned an average recommendation of “Moderate Buy” from the six analysts that are currently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating on the company.

A number of research firms have recently weighed in on NWG. The Goldman Sachs Group reissued a “neutral” rating on shares of NatWest Group in a report on Thursday, December 4th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of NatWest Group in a research note on Thursday, January 22nd. Barclays reiterated an “equal weight” rating on shares of NatWest Group in a research report on Wednesday, January 7th. Zacks Research raised shares of NatWest Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 10th. Finally, BNP Paribas Exane upgraded shares of NatWest Group from a “strong sell” rating to a “hold” rating in a report on Friday, February 27th.

Institutional Trading of NatWest Group

Hedge funds have recently bought and sold shares of the company. L1 Capital Pty Ltd purchased a new stake in NatWest Group in the 2nd quarter worth approximately $146,913,000. Fisher Asset Management LLC boosted its holdings in shares of NatWest Group by 13.1% during the second quarter. Fisher Asset Management LLC now owns 37,531,392 shares of the company’s stock worth $531,069,000 after purchasing an additional 4,355,850 shares during the last quarter. Bank of Montreal Can boosted its holdings in shares of NatWest Group by 136.0% during the third quarter. Bank of Montreal Can now owns 3,273,212 shares of the company’s stock worth $46,316,000 after purchasing an additional 1,886,141 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new stake in shares of NatWest Group in the third quarter valued at $16,650,000. Finally, Morgan Stanley grew its position in shares of NatWest Group by 10.0% in the fourth quarter. Morgan Stanley now owns 11,061,146 shares of the company’s stock valued at $193,570,000 after purchasing an additional 1,009,044 shares during the period. Institutional investors and hedge funds own 1.27% of the company’s stock.

NatWest Group Trading Down 3.6%

Shares of NWG opened at $15.32 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.04 and a quick ratio of 1.04. NatWest Group has a 1-year low of $10.40 and a 1-year high of $19.35. The stock has a market cap of $61.21 billion, a price-to-earnings ratio of 8.56, a price-to-earnings-growth ratio of 0.53 and a beta of 0.95. The firm has a 50 day simple moving average of $17.11 and a 200-day simple moving average of $16.01.

NatWest Group (NYSE:NWG) last posted its earnings results on Thursday, February 12th. The company reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.08. The firm had revenue of $5.74 billion for the quarter, compared to analyst estimates of $5.59 billion. NatWest Group had a return on equity of 13.05% and a net margin of 18.59%. Equities analysts forecast that NatWest Group will post 1.35 EPS for the current fiscal year.

NatWest Group Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Tuesday, May 5th. Investors of record on Friday, March 20th will be paid a dividend of $0.621 per share. The ex-dividend date of this dividend is Friday, March 20th. This represents a dividend yield of 743.0%. NatWest Group’s dividend payout ratio is presently 27.93%.

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.