NatWest Group (NYSE:NWG) Sets New 1-Year High – Should You Buy?

NatWest Group plc (NYSE:NWG)’s stock price hit a new 52-week high during trading on Tuesday . The company traded as high as $11.37 and last traded at $11.39, with a volume of 774709 shares traded. The stock had previously closed at $10.84.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods raised shares of NatWest Group from a “hold” rating to a “moderate buy” rating in a research note on Monday, November 4th. Three analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Buy”.

NatWest Group Stock Performance

The company has a debt-to-equity ratio of 0.17, a current ratio of 1.06 and a quick ratio of 1.06. The business has a 50 day moving average price of $10.44 and a two-hundred day moving average price of $9.80. The stock has a market cap of $45.25 billion, a PE ratio of 8.26, a price-to-earnings-growth ratio of 0.86 and a beta of 1.30.

NatWest Group (NYSE:NWG) last announced its quarterly earnings results on Friday, February 14th. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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. As a group, equities research analysts forecast that NatWest Group plc will post 1.35 EPS for the current fiscal year.

NatWest Group Increases Dividend

The firm also recently declared a dividend, which will be paid on Monday, April 28th. Shareholders of record on Friday, March 14th will be given a dividend of $0.3899 per share. This is a positive change from NatWest Group’s previous dividend of $0.36. The ex-dividend date is Friday, March 14th. NatWest Group’s dividend payout ratio is presently 22.79%.

Institutional Investors Weigh In On NatWest Group

Large investors have recently made changes to their positions in the business. Private Trust Co. NA lifted its stake in NatWest Group by 121.3% in the third quarter. Private Trust Co. NA now owns 2,735 shares of the company’s stock worth $26,000 after acquiring an additional 1,499 shares during the period. Whipplewood Advisors LLC bought a new stake in shares of NatWest Group during the 4th quarter valued at about $27,000. Hilltop National Bank purchased a new position in shares of NatWest Group during the fourth quarter valued at about $29,000. First Horizon Advisors Inc. increased its position in shares of NatWest Group by 161.4% during the fourth quarter. First Horizon Advisors Inc. now owns 2,894 shares of the company’s stock valued at $29,000 after buying an additional 1,787 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new position in NatWest Group in the third quarter worth about $33,000. 1.27% of the stock is currently owned by institutional investors.

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.