NatWest Group (NYSE:NWG) Upgraded at Morgan Stanley

Morgan Stanley upgraded shares of NatWest Group (NYSE:NWG) from an equal weight rating to an overweight rating in a research report report published on Wednesday, MarketBeat Ratings reports.

NWG has been the topic of a number of other research reports. Berenberg Bank assumed coverage on shares of NatWest Group in a research note on Wednesday, June 24th. They issued a “buy” rating on the stock. Weiss Ratings upgraded NatWest Group from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, August 13th. Wall Street Zen lowered NatWest Group from a “buy” rating to a “hold” rating in a report on Sunday, August 9th. Keefe, Bruyette & Woods upgraded shares of NatWest Group from a “hold” rating to a “moderate buy” rating in a research note on Friday, July 17th. Finally, BNP Paribas Exane upgraded NatWest Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy”.

NatWest Group Price Performance

NatWest Group stock opened at $18.93 on Wednesday. NatWest Group has a 52 week low of $13.56 and a 52 week 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’s 50-day simple moving average is $18.39 and its 200 day simple moving average is $16.78. The firm has a market capitalization of $75.34 billion, a PE ratio of 9.42, a P/E/G ratio of 0.89 and a beta of 0.91.

NatWest Group (NYSE:NWG) last announced 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. The firm had revenue of $5.89 billion for the quarter, compared to analysts’ expectations of $5.90 billion. NatWest Group had a return on equity of 14.01% and a net margin of 20.10%. On average, equities research analysts predict that NatWest Group will post 1.98 EPS for the current fiscal year.

NatWest Group Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, August 14th will be issued a $0.3222 dividend. The ex-dividend date is Friday, August 14th. This represents a dividend yield of 337.0%. NatWest Group’s dividend payout ratio is presently 31.34%.

Institutional Trading of NatWest Group

A number of institutional investors have recently bought and sold shares of the company. Larson Financial Group LLC boosted its position in NatWest Group by 427.7% during the third quarter. Larson Financial Group LLC now owns 1,831 shares of the company’s stock worth $26,000 after purchasing an additional 1,484 shares during the period. Caitong International Asset Management Co. Ltd grew its position in NatWest Group by 173.6% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,197 shares of the company’s stock worth $38,000 after purchasing an additional 1,394 shares during the last quarter. IFP Advisors Inc grew its position in NatWest Group by 101.7% during the fourth 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. Geneos Wealth Management Inc. grew its holdings in shares of NatWest Group by 35.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 4,594 shares of the company’s stock worth $55,000 after purchasing an additional 1,195 shares in the last quarter. Finally, Atlas Capital Advisors Inc. bought a new stake in NatWest Group in the 4th quarter valued at $56,000. Institutional investors and hedge funds own 1.27% of the company’s stock.

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.