Shares of NatWest Group plc (NYSE:NWG – Get Free Report) have been assigned a consensus rating of “Moderate Buy” from the eleven ratings firms that are covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has issued a strong buy recommendation on the company.
A number of research analysts recently weighed in on NWG shares. Berenberg Bank initiated coverage on shares of NatWest Group in a research note on Wednesday, June 24th. They issued a “buy” rating for the company. Weiss Ratings upgraded NatWest Group from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday, October 8th. Barclays raised NatWest Group from an “equal weight” rating to an “overweight” rating in a report on Tuesday, October 13th. Morgan Stanley upgraded NatWest Group from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, September 2nd. Finally, Wall Street Zen lowered NatWest Group from a “buy” rating to a “hold” rating in a research note on Sunday, August 9th.
Read Our Latest Stock Report on NatWest Group
NatWest Group Stock Performance
NYSE NWG opened at $17.09 on Tuesday. The company’s 50 day moving average is $18.32 and its 200-day moving average is $17.31. NatWest Group has a 12-month low of $13.76 and a 12-month high of $19.42. The company has a quick ratio of 1.04, a current ratio of 1.03 and a debt-to-equity ratio of 0.15. The firm has a market cap of $67.88 billion, a P/E ratio of 8.51, a price-to-earnings-growth ratio of 0.79 and a beta of 0.94.
NatWest Group (NYSE:NWG – Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates 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%. Sell-side analysts predict that NatWest Group will post 1.97 earnings per share for the current year.
NatWest Group Cuts Dividend
The business also recently announced a dividend, which was paid on Friday, September 18th. Shareholders of record on Friday, August 14th were paid a $0.3222 dividend. The ex-dividend date was Friday, August 14th. This represents a yield of 337.0%. This is a decrease from NatWest Group’s previous dividend of $0.6210. NatWest Group’s dividend payout ratio is 31.34%.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in the stock. Mather Group LLC. increased its position in shares of NatWest Group by 1,484.9% during the third quarter. Mather Group LLC. now owns 4,723 shares of the company’s stock valued at $86,000 after buying an additional 4,425 shares during the period. Riversedge Advisors LLC purchased a new stake in shares of NatWest Group in the third quarter worth about $241,000. Wedmont Private Capital bought a new position in shares of NatWest Group in the third quarter valued at approximately $192,000. Athena Wealth Management LLC bought a new position in shares of NatWest Group in the third quarter valued at approximately $295,000. Finally, GAMMA Investing LLC boosted its position in shares of NatWest Group by 9.7% in the third quarter. GAMMA Investing LLC now owns 25,626 shares of the company’s stock valued at $465,000 after acquiring an additional 2,270 shares during the period. Hedge funds and other institutional investors own 1.27% of the company’s stock.
About NatWest Group
NatWest Group plc is a United Kingdom-based banking and financial services company. Through brands including NatWest, Royal Bank of Scotland, Ulster Bank and Coutts, it provides current accounts, savings products, mortgages, personal loans, credit cards, insurance and other financial services to individuals and households.
The group also serves small and medium-sized businesses, larger companies and institutional clients. Its commercial and institutional banking activities include lending, transaction banking, cash management, payments, trade finance, capital markets services and risk-management solutions.
Featured Stories
- Five stocks we like better than NatWest Group
- Tesla’s Roadster Reveal Hints at 2 Much Bigger Moves
- The AI Sell-Off Continues—These 3 Stocks Keep Raising Guidance Anyway
- Mr. Wonderful’s Test for AI Data Center Stocks: Power, Permits, and Tenants
- Alcoa Beat Earnings, But Can It Escape the Aluminum Bears?
Receive News & Ratings for NatWest Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NatWest Group and related companies with MarketBeat.com's FREE daily email newsletter.
