NatWest Group plc (NYSE:NWG) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

NatWest Group plc (NYSE:NWG) has received an average rating of “Moderate Buy” from the eight research firms that are covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company.

Several equities analysts have recently commented on NWG shares. Keefe, Bruyette & Woods upgraded shares of NatWest Group from a “hold” rating to a “moderate buy” rating in a report on Friday, July 17th. BNP Paribas Exane raised NatWest Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 11th. Berenberg Bank assumed coverage on NatWest Group in a research note on Wednesday, June 24th. They set a “buy” rating on the stock. Weiss Ratings upgraded NatWest Group from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, August 13th. Finally, Morgan Stanley raised NatWest Group from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, September 2nd.

Institutional Trading of NatWest Group

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Larson Financial Group LLC boosted its stake in shares of NatWest Group by 427.7% in the third quarter. Larson Financial Group LLC now owns 1,831 shares of the company’s stock valued at $26,000 after purchasing an additional 1,484 shares during the period. Caitong International Asset Management Co. Ltd increased its stake in NatWest Group by 173.6% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,197 shares of the company’s stock worth $38,000 after buying an additional 1,394 shares during the period. IFP Advisors Inc lifted its holdings in NatWest Group by 101.7% during the 4th quarter. IFP Advisors Inc now owns 2,259 shares of the company’s stock worth $40,000 after buying an additional 1,139 shares in the last quarter. Atlas Capital Advisors Inc. acquired a new stake in NatWest Group during the 4th quarter worth approximately $56,000. Finally, Manchester Capital Management LLC boosted its position in NatWest Group by 73.7% in the 4th quarter. Manchester Capital Management LLC now owns 3,546 shares of the company’s stock valued at $62,000 after buying an additional 1,504 shares during the period. 1.27% of the stock is currently owned by hedge funds and other institutional investors.

NatWest Group Stock Down 0.1%

Shares of NWG opened at $18.93 on Monday. The firm has a market cap of $75.34 billion, a P/E ratio of 9.42, a price-to-earnings-growth ratio of 0.89 and a beta of 0.91. NatWest Group has a 12-month low of $13.56 and a 12-month high of $19.42. The company’s 50-day moving average price is $18.39 and its 200 day moving average price is $16.78. The company has a current ratio of 1.03, a quick ratio of 1.04 and a debt-to-equity ratio of 0.15.

NatWest Group (NYSE:NWG) last posted its 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. NatWest Group had a net margin of 20.10% and a return on equity of 14.01%. The company had revenue of $5.89 billion for the quarter, compared to analysts’ expectations of $5.90 billion. On average, sell-side analysts forecast that NatWest Group 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. Investors of record on Friday, August 14th will be issued a dividend of $0.3222 per share. This represents a yield of 337.0%. The ex-dividend date is Friday, August 14th. NatWest Group’s dividend payout ratio (DPR) is 31.34%.

About NatWest Group

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.