NatWest Group (NYSE:NWG) Cut to Hold at Zacks Research

Zacks Research lowered shares of NatWest Group (NYSE:NWG) from a strong-buy rating to a hold rating in a research note issued to investors on Monday,Zacks.com reports.

Separately, Citigroup restated a “buy” rating on shares of NatWest Group in a research note on Monday, April 28th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

NatWest Group Stock Up 1.7%

NWG opened at $15.0680 on Monday. The company has a quick ratio of 1.06, a current ratio of 1.05 and a debt-to-equity ratio of 0.14. The stock has a market cap of $61.01 billion, a PE ratio of 9.72, a P/E/G ratio of 0.85 and a beta of 1.07. The business’s fifty day simple moving average is $13.95 and its 200 day simple moving average is $12.94. NatWest Group has a 52 week low of $8.55 and a 52 week high of $15.17.

NatWest Group (NYSE:NWG) last announced its quarterly earnings results on Friday, July 25th. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.04. The business had revenue of $5.42 billion during the quarter, compared to analysts’ expectations of $4.06 billion. NatWest Group had a net margin of 16.84% and a return on equity of 11.99%. As a group, research analysts expect that NatWest Group will post 1.35 earnings per share for the current fiscal year.

NatWest Group Cuts Dividend

The company also recently declared a semi-annual dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 8th will be paid a dividend of $0.255 per share. The ex-dividend date of this dividend is Friday, August 8th. This represents a yield of 390.0%. NatWest Group’s dividend payout ratio is presently 32.26%.

Institutional Trading of NatWest Group

Several hedge funds have recently modified their holdings of the company. Evergreen Capital Management LLC increased its holdings in shares of NatWest Group by 2.4% in the 2nd quarter. Evergreen Capital Management LLC now owns 29,272 shares of the company’s stock worth $414,000 after buying an additional 697 shares during the last quarter. First Horizon Advisors Inc. grew its position in NatWest Group by 22.6% in the second quarter. First Horizon Advisors Inc. now owns 4,043 shares of the company’s stock worth $57,000 after acquiring an additional 746 shares in the last quarter. Pacer Advisors Inc. increased its stake in NatWest Group by 3.0% during the first quarter. Pacer Advisors Inc. now owns 28,042 shares of the company’s stock worth $334,000 after acquiring an additional 807 shares during the last quarter. Commerce Bank raised its position in NatWest Group by 5.2% during the first quarter. Commerce Bank now owns 16,511 shares of the company’s stock valued at $197,000 after purchasing an additional 818 shares during the period. Finally, Aaron Wealth Advisors LLC lifted its stake in shares of NatWest Group by 2.4% in the 1st quarter. Aaron Wealth Advisors LLC now owns 35,935 shares of the company’s stock valued at $428,000 after purchasing an additional 831 shares during the last quarter. 1.27% of the stock is owned by hedge funds and other 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.