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

NatWest Group plc (NYSE:NWG) has earned a consensus rating of “Moderate Buy” from the seven analysts that are covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company.

Several analysts have recently issued reports on the stock. Berenberg Bank began coverage on shares of NatWest Group in a research note on Wednesday, June 24th. They set a “buy” rating for the company. BNP Paribas Exane upgraded NatWest Group from a “hold” rating to a “strong-buy” rating in a report on Monday, May 11th. Weiss Ratings upgraded NatWest Group from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, August 13th. Keefe, Bruyette & Woods raised shares of NatWest Group from a “hold” rating to a “moderate buy” rating in a research report on Friday, July 17th. Finally, Wall Street Zen lowered shares of NatWest Group from a “buy” rating to a “hold” rating in a research note on Sunday, August 9th.

NatWest Group Price Performance

NWG stock opened at $18.41 on Monday. NatWest Group has a 1 year low of $13.56 and a 1 year high of $19.42. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.04 and a current ratio of 1.03. The stock’s 50 day moving average price is $18.25 and its 200 day moving average price is $16.71. The firm has a market cap of $73.27 billion, a P/E ratio of 9.16, a PEG ratio of 0.95 and a beta of 0.92.

NatWest Group (NYSE:NWG) last released its quarterly 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. The company had revenue of $5.89 billion for the quarter, compared to analysts’ expectations of $5.90 billion. NatWest Group had a net margin of 20.10% and a return on equity of 14.01%. On average, sell-side analysts expect that NatWest Group will post 1.98 earnings per share for the current fiscal year.

NatWest Group Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, September 18th. Investors of record on Friday, August 14th will be paid a $0.3222 dividend. The ex-dividend date is Friday, August 14th. This represents a dividend yield of 337.0%. NatWest Group’s payout ratio is 31.34%.

Institutional Investors Weigh In On NatWest Group

Hedge funds have recently bought and sold shares of the business. Larson Financial Group LLC raised its position in shares of NatWest Group by 427.7% in the 3rd quarter. Larson Financial Group LLC now owns 1,831 shares of the company’s stock valued at $26,000 after purchasing an additional 1,484 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its holdings in NatWest Group by 173.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,197 shares of the company’s stock valued at $38,000 after acquiring an additional 1,394 shares in the last quarter. IFP Advisors Inc boosted its stake in NatWest Group by 101.7% during the 4th quarter. IFP Advisors Inc now owns 2,259 shares of the company’s stock valued at $40,000 after acquiring an additional 1,139 shares during the last quarter. Geneos Wealth Management Inc. grew its holdings in NatWest Group by 35.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 4,594 shares of the company’s stock worth $55,000 after acquiring an additional 1,195 shares in the last quarter. Finally, Atlas Capital Advisors Inc. acquired a new position in NatWest Group during the 4th quarter worth $56,000. Institutional investors and hedge funds own 1.27% of the company’s stock.

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.