NatWest Group plc (NYSE:NWG – Get Free Report) reached a new 52-week high during mid-day trading on Thursday . The stock 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.
Wall Street Analysts Forecast Growth
A number of brokerages recently issued reports on NWG. Berenberg Bank began coverage on NatWest Group in a research report on Wednesday, June 24th. They issued a “buy” rating on the stock. Weiss Ratings restated a “buy (b-)” rating on shares of NatWest Group in a research report on Friday, July 31st. Keefe, Bruyette & Woods upgraded NatWest Group from a “hold” rating to a “moderate buy” rating in a research note on Friday, July 17th. BNP Paribas Exane raised NatWest Group from a “hold” rating to a “strong-buy” rating in a report on Monday, May 11th. Finally, Wall Street Zen downgraded NatWest Group from a “buy” rating to a “hold” rating in a research report on Sunday, August 9th. 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 company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.
Get Our Latest Analysis on NWG
NatWest Group Stock Performance
NatWest Group (NYSE:NWG – Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.09. The firm had revenue of $5.89 billion during the quarter, compared to the consensus estimate of $5.90 billion. NatWest Group had a return on equity of 14.01% and a net margin of 20.10%. Analysts expect that NatWest Group plc will post 1.98 earnings per share for the current year.
NatWest Group Cuts Dividend
The company also recently announced a dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, August 14th will be paid a $0.3222 dividend. This represents a dividend yield of 337.0%. The ex-dividend date is Friday, August 14th. NatWest Group’s dividend payout ratio (DPR) is presently 30.85%.
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of the business. Sei Investments Co. boosted its holdings in shares of NatWest Group by 28.9% during the 1st quarter. Sei Investments Co. now owns 566,648 shares of the company’s stock valued at $8,443,000 after acquiring an additional 126,996 shares during the last quarter. Sivia Capital Partners LLC raised its holdings in shares of 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 purchasing an additional 20,412 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of NatWest Group by 17.8% during the first quarter. Bank of America Corp DE now owns 6,948,264 shares of the company’s stock valued at $103,529,000 after purchasing an additional 1,048,804 shares during the last quarter. NewEdge Wealth LLC lifted its position in NatWest Group by 20.2% during the first quarter. NewEdge Wealth LLC now owns 388,763 shares of the company’s stock valued at $5,793,000 after purchasing an additional 65,355 shares during the period. Finally, Prosperity Consulting Group LLC bought a new position in NatWest Group during the first quarter valued at approximately $1,043,000. 1.27% of the stock is owned by hedge funds and other institutional investors.
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.
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