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

NatWest Group plc (NYSE:NWG) has earned an average recommendation of “Buy” from the six brokerages that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company.

A number of brokerages have commented on NWG. BNP Paribas lowered shares of NatWest Group from an “outperform” rating to a “neutral” rating in a report on Tuesday, March 4th. Citigroup reissued a “buy” rating on shares of NatWest Group in a report on Monday. Finally, Peel Hunt lowered 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

Large investors have recently added to or reduced their stakes in the business. New York State Common Retirement Fund acquired a new position in NatWest Group during the 4th quarter valued at about $216,000. Raymond James Financial Inc. acquired a new position in NatWest Group during the 4th quarter valued at about $27,339,000. Natixis Advisors LLC raised its position in shares of NatWest Group by 3.8% in the 4th quarter. Natixis Advisors LLC now owns 11,118,183 shares of the company’s stock valued at $113,072,000 after acquiring an additional 408,239 shares during the period. Redhawk Wealth Advisors Inc. grew its holdings in NatWest Group by 79.3% during the fourth quarter. Redhawk Wealth Advisors Inc. now owns 130,291 shares of the company’s stock valued at $1,325,000 after purchasing an additional 57,618 shares during the period. Finally, Perigon Wealth Management LLC grew its holdings in NatWest Group by 13.3% during the fourth quarter. Perigon Wealth Management LLC now owns 12,045 shares of the company’s stock valued at $122,000 after purchasing an additional 1,411 shares during the period. 1.27% of the stock is currently owned by institutional investors and hedge funds.

NatWest Group Stock Up 1.2 %

NWG opened at $13.13 on Wednesday. The firm’s 50-day simple moving average is $11.96 and its 200-day simple moving average is $10.83. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.06 and a current ratio of 1.06. NatWest Group has a twelve month low of $7.68 and a twelve month high of $13.18. The firm has a market cap of $52.88 billion, a price-to-earnings ratio of 9.65, a PEG ratio of 0.85 and a beta of 0.93.

NatWest Group (NYSE:NWG) last posted its earnings results on Friday, February 14th. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.11. The firm had revenue of $4.90 billion during the quarter, compared to the consensus estimate of $3.75 billion. Equities research analysts anticipate that NatWest Group will post 1.35 EPS for the current fiscal year.

NatWest Group Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Monday, April 28th. Shareholders of record on Friday, March 14th were given a dividend of $0.3899 per share. The ex-dividend date of this dividend was Friday, March 14th. This is an increase from NatWest Group’s previous semi-annual dividend of $0.36. This represents a yield of 3.8%. NatWest Group’s dividend payout ratio is presently 56.62%.

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.