NatWest Group (NYSE:NWG) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of NatWest Group (NYSE:NWGFree Report) from a hold rating to a buy rating in a research note released on Saturday.

Other research analysts also recently issued research reports about the stock. Zacks Research downgraded shares of NatWest Group from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. BNP Paribas Exane upgraded NatWest Group from a “hold” rating to a “strong-buy” rating in a report on Monday, May 11th. Berenberg Bank initiated coverage on NatWest Group in a research note on Wednesday, June 24th. They issued a “buy” rating on the stock. Weiss Ratings cut NatWest Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 4th. Finally, Keefe, Bruyette & Woods upgraded NatWest Group from a “hold” rating to a “moderate buy” rating in a research report on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Read Our Latest Analysis on NWG

NatWest Group Trading Up 2.4%

NatWest Group stock opened at $19.39 on Friday. The stock has a market cap of $77.29 billion, a P/E ratio of 9.65, a PEG ratio of 0.98 and a beta of 0.92. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.04 and a quick ratio of 1.04. NatWest Group has a 1 year low of $13.56 and a 1 year high of $19.42. The firm’s 50 day moving average price is $17.24 and its 200-day moving average price is $16.57.

NatWest Group (NYSE:NWGGet Free Report) last released its earnings results on Friday, July 31st. The company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.45 by $0.09. The firm had revenue of $6.06 billion for the quarter, compared to the consensus estimate of $5.90 billion. NatWest Group had a net margin of 20.10% and a return on equity of 14.09%. On average, equities analysts predict that NatWest Group will post 1.94 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 issued a $0.3222 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a dividend yield of 340.0%. NatWest Group’s dividend payout ratio (DPR) is presently 60.20%.

Institutional Investors Weigh In On NatWest Group

Large investors have recently added to or reduced their stakes in the stock. Wealthstar Advisors LLC grew its stake in NatWest Group by 1.5% during the 4th quarter. Wealthstar Advisors LLC now owns 40,576 shares of the company’s stock worth $710,000 after buying an additional 595 shares during the last quarter. Steward Partners Investment Advisory LLC raised its stake in NatWest Group by 17.5% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,667 shares of the company’s stock valued at $82,000 after buying an additional 695 shares during the last quarter. Evergreen Capital Management LLC boosted its holdings in NatWest Group by 2.4% in the second quarter. Evergreen Capital Management LLC now owns 29,272 shares of the company’s stock worth $414,000 after acquiring an additional 697 shares in the last quarter. Vise Technologies Inc. boosted its holdings in NatWest Group by 1.6% in the third quarter. Vise Technologies Inc. now owns 46,783 shares of the company’s stock worth $662,000 after acquiring an additional 733 shares in the last quarter. Finally, Perigon Wealth Management LLC grew its stake in shares of NatWest Group by 5.6% during the fourth quarter. Perigon Wealth Management LLC now owns 15,342 shares of the company’s stock worth $268,000 after acquiring an additional 812 shares during the last quarter. 1.27% of the stock is owned by institutional investors.

About NatWest Group

(Get Free Report)

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.

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Analyst Recommendations for NatWest Group (NYSE:NWG)

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