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

NatWest Group plc (NYSE:NWG) has received a consensus rating of “Moderate Buy” from the six analysts that are currently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company.

Several equities analysts recently issued reports on NWG shares. BNP Paribas Exane upgraded NatWest Group from a “strong sell” rating to a “hold” rating in a report on Friday, February 27th. Weiss Ratings reiterated a “buy (b)” rating on shares of NatWest Group in a report on Thursday, January 22nd. Barclays reiterated an “equal weight” rating on shares of NatWest Group in a report on Wednesday, January 7th. Finally, Zacks Research upgraded NatWest Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 10th.

Hedge Funds Weigh In On NatWest Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Larson Financial Group LLC boosted its holdings in NatWest Group by 427.7% during the third quarter. Larson Financial Group LLC now owns 1,831 shares of the company’s stock worth $26,000 after buying an additional 1,484 shares during the last quarter. Salomon & Ludwin LLC boosted its holdings in NatWest Group by 2,941.7% during the third quarter. Salomon & Ludwin LLC now owns 1,825 shares of the company’s stock worth $27,000 after buying an additional 1,765 shares during the last quarter. Bessemer Group Inc. boosted its holdings in NatWest Group by 88.7% during the third quarter. Bessemer Group Inc. now owns 2,068 shares of the company’s stock worth $29,000 after buying an additional 972 shares during the last quarter. American National Bank & Trust bought a new position in NatWest Group during the fourth quarter worth about $31,000. Finally, Rachor Investment Advisory Services LLC bought a new position in NatWest Group during the fourth quarter worth about $34,000. Institutional investors own 1.27% of the company’s stock.

NatWest Group Stock Performance

NatWest Group stock opened at $16.41 on Thursday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.04 and a quick ratio of 1.04. The stock has a fifty day moving average price of $16.13 and a two-hundred day moving average price of $16.11. NatWest Group has a 52-week low of $10.49 and a 52-week high of $19.35. The firm has a market capitalization of $65.43 billion, a P/E ratio of 9.16, a P/E/G ratio of 0.51 and a beta of 0.96.

NatWest Group (NYSE:NWG) last announced its earnings results on Thursday, February 12th. The company reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.08. The company had revenue of $5.74 billion during 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%. As a group, analysts anticipate that NatWest Group will post 1.35 EPS for the current fiscal year.

NatWest Group Dividend Announcement

The business also recently announced a dividend, which will be paid on Tuesday, May 5th. Shareholders of record on Friday, March 20th will be issued a dividend of $0.621 per share. The ex-dividend date is Friday, March 20th. This represents a yield of 895.0%. NatWest Group’s dividend payout ratio (DPR) is 67.60%.

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.