NatWest Group (NYSE:NWG) Reaches New 12-Month High – What’s Next?

NatWest Group plc (NYSE:NWG)’s share price hit a new 52-week high on Thursday . The company traded as high as $19.42 and last traded at $19.3750, with a volume of 8349 shares. The stock had previously closed at $19.26.

Analyst Upgrades and Downgrades

NWG has been the topic of several analyst reports. Keefe, Bruyette & Woods upgraded NatWest Group from a “hold” rating to a “moderate buy” rating in a research report on Friday, July 17th. Wall Street Zen cut NatWest Group from a “buy” rating to a “hold” rating in a report on Sunday. Weiss Ratings reiterated a “buy (b-)” rating on shares of NatWest Group in a research report on Friday, July 31st. BNP Paribas Exane raised NatWest Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 11th. Finally, Berenberg Bank assumed coverage on NatWest Group in a report on Wednesday, June 24th. They set a “buy” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

NatWest Group Trading Up 0.2%

The company’s 50-day moving average is $17.67 and its 200 day moving average is $16.66. The company has a current ratio of 1.03, a quick ratio of 1.04 and a debt-to-equity ratio of 0.15. The firm has a market cap of $76.89 billion, a PE ratio of 9.62, a P/E/G ratio of 0.98 and a beta of 0.92.

NatWest Group (NYSE:NWG) last posted its quarterly earnings data on Thursday, July 30th. The company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.09. NatWest Group had a net margin of 20.10% and a return on equity of 14.01%. The firm had revenue of $5.89 billion for the quarter, compared to analysts’ expectations of $5.90 billion. As a group, sell-side analysts predict that NatWest Group plc will post 1.98 EPS for the current year.

NatWest Group Cuts Dividend

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of NWG. Sei Investments Co. boosted its holdings in NatWest Group by 28.9% in the first quarter. Sei Investments Co. now owns 566,648 shares of the company’s stock worth $8,443,000 after purchasing an additional 126,996 shares in the last quarter. Sivia Capital Partners LLC raised its holdings in NatWest Group by 105.3% during the second quarter. Sivia Capital Partners LLC now owns 39,803 shares of the company’s stock valued at $563,000 after buying an additional 20,412 shares in the last quarter. Bank of America Corp DE lifted its position in shares of NatWest Group by 17.8% in the first quarter. Bank of America Corp DE now owns 6,948,264 shares of the company’s stock worth $103,529,000 after buying an additional 1,048,804 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of NatWest Group by 7.4% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,216,652 shares of the company’s stock worth $38,791,000 after buying an additional 153,625 shares during the last quarter. Finally, NewEdge Wealth LLC boosted its stake in shares of NatWest Group by 20.2% during the 1st quarter. NewEdge Wealth LLC now owns 388,763 shares of the company’s stock worth $5,793,000 after acquiring an additional 65,355 shares in the last quarter. 1.27% of the stock is owned by institutional investors and hedge funds.

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.