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

Shares of NatWest Group plc (NYSE:NWG) have earned a consensus rating of “Moderate Buy” from the eight research firms that are presently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company.

A number of research firms have recently issued reports on NWG. Weiss Ratings upgraded shares of NatWest Group from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, August 13th. Keefe, Bruyette & Woods raised shares of NatWest Group from a “hold” rating to a “moderate buy” rating in a research note on Friday, July 17th. Wall Street Zen lowered NatWest Group from a “buy” rating to a “hold” rating in a report on Sunday, August 9th. Morgan Stanley raised NatWest Group from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, September 2nd. Finally, Berenberg Bank began coverage on NatWest Group in a report on Wednesday, June 24th. They issued a “buy” rating on the stock.

Hedge Funds Weigh In On NatWest Group

Large investors have recently added to or reduced their stakes in the company. QRG Capital Management Inc. boosted its holdings in shares of NatWest Group by 12.4% in the 2nd quarter. QRG Capital Management Inc. now owns 558,069 shares of the company’s stock valued at $9,839,000 after buying an additional 61,748 shares in the last quarter. Sequoia Financial Advisors LLC raised its stake in shares of NatWest Group by 19.2% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 55,392 shares of the company’s stock worth $977,000 after acquiring an additional 8,906 shares in the last quarter. Engineers Gate Manager LP raised its stake in shares of NatWest Group by 104.6% during the 2nd quarter. Engineers Gate Manager LP now owns 175,888 shares of the company’s stock worth $3,101,000 after acquiring an additional 89,928 shares in the last quarter. Integrated Wealth Concepts LLC lifted its position in NatWest Group by 22.6% during the second quarter. Integrated Wealth Concepts LLC now owns 47,475 shares of the company’s stock valued at $837,000 after acquiring an additional 8,761 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its position in NatWest Group by 3.2% during the second quarter. NewEdge Advisors LLC now owns 61,632 shares of the company’s stock valued at $1,087,000 after acquiring an additional 1,903 shares during the last quarter. 1.27% of the stock is currently owned by institutional investors.

NatWest Group Stock Performance

NWG stock opened at $17.39 on Friday. NatWest Group has a 1-year low of $13.76 and a 1-year high of $19.42. The business has a 50-day moving average price of $18.63 and a 200 day moving average price of $17.08. The company has a market capitalization of $69.14 billion, a P/E ratio of 8.65, a PEG ratio of 0.85 and a beta of 0.94. 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 issued its earnings results on Thursday, July 30th. The company reported $0.54 earnings per share (EPS) 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 company had revenue of $5.89 billion for the quarter, compared to analysts’ expectations of $5.90 billion. As a group, equities research analysts forecast that NatWest Group will post 2 EPS for the current fiscal year.

NatWest Group Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, September 18th. Investors of record on Friday, August 14th were given a dividend of $0.3222 per share. The ex-dividend date of this dividend was Friday, August 14th. This is a decrease from NatWest Group’s previous dividend of $0.6210. This represents a yield of 337.0%. NatWest Group’s dividend payout ratio is 31.34%.

NatWest Group Company Profile

NatWest Group plc is a United Kingdom-based banking and financial services company. Through brands including NatWest, Royal Bank of Scotland, Ulster Bank in Northern Ireland and Coutts, it provides banking and financial solutions to individuals, families, businesses and institutional clients.

The group’s activities include personal and premier banking, current and savings accounts, residential mortgages, consumer lending, credit cards, wealth management, business banking, commercial lending, transaction services and investment banking.