NatWest Group plc (NYSE:NWG) Receives Average Recommendation of “Buy” from Analysts

NatWest Group plc (NYSE:NWG) has been assigned a consensus rating of “Buy” from the five ratings firms that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company.

A number of research firms recently weighed in on NWG. BNP Paribas cut NatWest Group from an “outperform” rating to a “neutral” rating in a report on Tuesday, March 4th. Peel Hunt downgraded shares of NatWest Group from a “strong-buy” rating to a “moderate buy” rating in a report on Thursday, March 6th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of NWG. Charles Schwab Investment Management Inc. increased its position in NatWest Group by 22.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 245,631 shares of the company’s stock worth $2,299,000 after purchasing an additional 44,422 shares during the last quarter. Cerity Partners LLC raised its position in shares of NatWest Group by 72.6% in the 3rd quarter. Cerity Partners LLC now owns 84,385 shares of the company’s stock worth $790,000 after buying an additional 35,499 shares during the period. Private Trust Co. NA boosted its holdings in NatWest Group by 121.3% in the third quarter. Private Trust Co. NA now owns 2,735 shares of the company’s stock valued at $26,000 after acquiring an additional 1,499 shares during the last quarter. FMR LLC grew its position in NatWest Group by 57.0% during the third quarter. FMR LLC now owns 1,988,329 shares of the company’s stock valued at $18,611,000 after acquiring an additional 721,578 shares during the period. Finally, Quantbot Technologies LP acquired a new stake in NatWest Group during the 3rd quarter worth approximately $572,000. 1.27% of the stock is currently owned by institutional investors and hedge funds.

NatWest Group Trading Down 1.4 %

Shares of NWG opened at $11.98 on Friday. NatWest Group has a 1-year low of $6.70 and a 1-year high of $12.65. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.06 and a quick ratio of 1.06. The company has a 50-day moving average of $11.45 and a 200 day moving average of $10.36. The firm has a market capitalization of $48.23 billion, a price-to-earnings ratio of 8.81, a PEG ratio of 0.85 and a beta of 1.22.

NatWest Group (NYSE:NWG) last announced its quarterly earnings data on Friday, February 14th. The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.26 by $0.11. The company had revenue of $4.90 billion during the quarter, compared to analysts’ expectations of $3.75 billion. On average, research analysts expect that NatWest Group will post 1.35 EPS for the current year.

NatWest Group Increases Dividend

The company also recently declared a semi-annual dividend, which will be paid on Monday, April 28th. Stockholders of record on Friday, March 14th will be given a $0.3899 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a dividend yield of 3.8%. This is a boost from NatWest Group’s previous semi-annual dividend of $0.36. NatWest Group’s dividend payout ratio (DPR) is currently 55.88%.

NatWest Group Company Profile

NatWest Group plc, together with its subsidiaries, provides banking and financial products and services to personal, commercial, corporate, and institutional customers in the United Kingdom and internationally. It operates through Retail Banking, Private Banking, and Commercial & Institutional segments.