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

NatWest Group plc (NYSE:NWG) has received a consensus rating of “Moderate Buy” from the six brokerages that are currently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company.

A number of analysts recently commented on the company. BNP Paribas Exane upgraded NatWest Group from a “strong sell” rating to a “hold” rating in a report on Friday, February 27th. Barclays reaffirmed an “equal weight” rating on shares of NatWest Group in a research report on Wednesday, January 7th. Weiss Ratings reissued a “buy (b)” rating on shares of NatWest Group in a report on Thursday, January 22nd. Zacks Research upgraded shares of NatWest Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 10th. Finally, The Goldman Sachs Group restated a “neutral” rating on shares of NatWest Group in a report on Thursday, December 4th.

NatWest Group Trading Down 2.4%

NYSE:NWG opened at $14.96 on Friday. NatWest Group has a 52 week low of $10.40 and a 52 week high of $19.35. The firm has a 50-day moving average price of $17.06 and a two-hundred day moving average price of $16.02. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.04 and a current ratio of 1.04. The firm has a market cap of $59.75 billion, a price-to-earnings ratio of 8.35, a price-to-earnings-growth ratio of 0.50 and a beta of 0.95.

NatWest Group (NYSE:NWG) last announced its earnings results on Thursday, February 12th. The company reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.08. The firm had revenue of $5.74 billion for the quarter, compared to the consensus estimate of $5.59 billion. NatWest Group had a return on equity of 13.05% and a net margin of 18.59%. On average, equities analysts expect that NatWest Group will post 1.35 earnings per share for the current fiscal year.

NatWest Group Announces Dividend

The company also recently announced a dividend, which will be paid on Tuesday, May 5th. Shareholders of record on Friday, March 20th will be given a $0.621 dividend. This represents a yield of 743.0%. The ex-dividend date of this dividend is Friday, March 20th. NatWest Group’s dividend payout ratio (DPR) is currently 67.60%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in NWG. Fisher Asset Management LLC raised its stake in NatWest Group by 4.3% in the 4th quarter. Fisher Asset Management LLC now owns 40,912,201 shares of the company’s stock valued at $715,964,000 after acquiring an additional 1,677,879 shares during the period. Capital International Investors grew its stake in NatWest Group by 1.2% in the 3rd quarter. Capital International Investors now owns 13,531,451 shares of the company’s stock valued at $188,764,000 after buying an additional 156,832 shares in the last quarter. Natixis Advisors LLC grew its stake in NatWest Group by 3.8% in the 4th quarter. Natixis Advisors LLC now owns 13,399,866 shares of the company’s stock valued at $234,498,000 after buying an additional 494,472 shares in the last quarter. Morgan Stanley raised its holdings in NatWest Group by 10.0% during the 4th quarter. Morgan Stanley now owns 11,061,146 shares of the company’s stock valued at $193,570,000 after acquiring an additional 1,009,044 shares during the period. Finally, L1 Capital Pty Ltd purchased a new stake in shares of NatWest Group during the second quarter worth $146,913,000. Institutional investors own 1.27% of the company’s stock.

NatWest Group Company Profile

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.