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

NatWest Group plc (NYSE:NWG) has been assigned an average rating of “Moderate Buy” from the eight ratings firms that are currently covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company.

NWG has been the subject of several analyst reports. Morgan Stanley upgraded shares of NatWest Group from an “equal weight” rating to an “overweight” rating in a research report on Wednesday. Keefe, Bruyette & Woods raised NatWest Group from a “hold” rating to a “moderate buy” rating in a research note on Friday, July 17th. Weiss Ratings upgraded NatWest Group from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, August 13th. BNP Paribas Exane upgraded NatWest Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 11th. Finally, Berenberg Bank started coverage on NatWest Group in a research note on Wednesday, June 24th. They set a “buy” rating for the company.

Hedge Funds Weigh In On NatWest Group

Several hedge funds and other institutional investors have recently modified their holdings of NWG. Parkside Financial Bank & Trust grew its position in shares of NatWest Group by 13.9% in the 2nd quarter. Parkside Financial Bank & Trust now owns 4,909 shares of the company’s stock worth $87,000 after buying an additional 598 shares during the last quarter. Steward Partners Investment Advisory LLC raised its holdings in NatWest Group by 17.5% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,667 shares of the company’s stock worth $82,000 after purchasing an additional 695 shares in the last quarter. Evergreen Capital Management LLC lifted its position in shares of NatWest Group by 2.4% in the 2nd quarter. Evergreen Capital Management LLC now owns 29,272 shares of the company’s stock worth $414,000 after purchasing an additional 697 shares during the period. Vise Technologies Inc. boosted its stake in shares of NatWest Group by 1.6% during the 3rd quarter. Vise Technologies Inc. now owns 46,783 shares of the company’s stock valued at $662,000 after purchasing an additional 733 shares in the last quarter. Finally, Arlington Capital Management Inc. increased its position in shares of NatWest Group by 4.8% during the first quarter. Arlington Capital Management Inc. now owns 18,003 shares of the company’s stock valued at $268,000 after buying an additional 823 shares during the period. 1.27% of the stock is owned by institutional investors.

NatWest Group Price Performance

Shares of NatWest Group stock opened at $18.93 on Monday. The firm has a market capitalization of $75.34 billion, a PE ratio of 9.42, a price-to-earnings-growth ratio of 0.89 and a beta of 0.91. 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 has a 12 month low of $13.56 and a 12 month high of $19.42. The business’s 50-day moving average price is $18.39 and its 200-day moving average price is $16.78.

NatWest Group (NYSE:NWG) last released its earnings results on Thursday, July 30th. The company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.09. The company had revenue of $5.89 billion during 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%. Sell-side analysts forecast that NatWest Group will post 1.98 EPS for the current fiscal year.

NatWest Group Cuts Dividend

The company also recently declared 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. The ex-dividend date of this dividend is Friday, August 14th. This represents a yield of 337.0%. NatWest Group’s dividend payout ratio is presently 31.34%.

NatWest Group Company Profile

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.