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

NatWest Group plc (NYSE:NWG) has earned a consensus recommendation of “Moderate Buy” from the eight research firms that are covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating on the company.

Several equities research analysts have recently issued reports on the stock. Morgan Stanley upgraded shares of NatWest Group from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, September 2nd. Keefe, Bruyette & Woods upgraded NatWest Group from a “hold” rating to a “moderate buy” rating in a research note on Friday, July 17th. Wall Street Zen downgraded NatWest Group from a “buy” rating to a “hold” rating in a research note on Sunday, August 9th. Weiss Ratings upgraded NatWest Group from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, August 13th. Finally, Berenberg Bank started coverage on shares of NatWest Group in a research report on Wednesday, June 24th. They set a “buy” rating for the company.

Institutional Investors Weigh In On NatWest Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd grew its position in shares of NatWest Group by 173.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,197 shares of the company’s stock valued at $38,000 after purchasing an additional 1,394 shares in the last quarter. 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 purchasing an additional 1,139 shares in the last quarter. Manchester Capital Management LLC lifted its holdings in NatWest Group by 73.7% during the 4th quarter. Manchester Capital Management LLC now owns 3,546 shares of the company’s stock worth $62,000 after purchasing an additional 1,504 shares in the last quarter. GHP Investment Advisors Inc. bought a new position in NatWest Group in the 1st quarter worth about $76,000. Finally, Parkside Financial Bank & Trust increased its position in shares of NatWest Group by 13.9% during the second quarter. Parkside Financial Bank & Trust now owns 4,909 shares of the company’s stock valued at $87,000 after buying an additional 598 shares during the period. Institutional investors own 1.27% of the company’s stock.

NatWest Group Price Performance

NatWest Group stock opened at $18.25 on Friday. NatWest Group has a 52 week low of $13.76 and a 52 week high of $19.42. The company’s 50 day moving average price is $18.64 and its two-hundred day moving average price is $17.04. The stock has a market cap of $72.59 billion, a P/E ratio of 9.08, a P/E/G ratio of 0.86 and a beta of 0.91. The company has a quick ratio of 1.04, a current ratio of 1.03 and a debt-to-equity ratio of 0.15.

NatWest Group (NYSE:NWG) last issued 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 during the quarter, compared to the consensus estimate of $5.90 billion. NatWest Group had a return on equity of 14.01% and a net margin of 20.10%. On average, equities analysts predict that NatWest Group will post 2 earnings per share for the current year.

NatWest Group Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, September 18th. Investors of record on Friday, August 14th were issued a $0.3222 dividend. This is a drop from NatWest Group’s previous dividend of $0.6210. The ex-dividend date of this dividend was Friday, August 14th. This represents a yield of 337.0%. NatWest Group’s payout ratio is 31.34%.

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 in Northern Ireland and Coutts, it provides banking and financial solutions to individuals, families, businesses and institutional clients.

The group’s activities include personal and premier banking, current and savings accounts, residential mortgages, consumer lending, credit cards, wealth management, business banking, commercial lending, transaction services and investment banking.