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

Shares of NatWest Group plc (NYSE:NWG) have received an average recommendation of “Moderate Buy” from the six ratings firms that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company.

Several analysts recently commented on the company. Zacks Research lowered NatWest Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 18th. Citigroup reissued a “buy” rating on shares of NatWest Group in a research note on Monday, April 28th.

Hedge Funds Weigh In On NatWest Group

Large investors have recently made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of NatWest Group by 1,102.0% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 600,743 shares of the company’s stock valued at $7,161,000 after acquiring an additional 550,764 shares during the period. Schonfeld Strategic Advisors LLC increased its holdings in shares of NatWest Group by 153.7% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 70,267 shares of the company’s stock worth $715,000 after acquiring an additional 42,567 shares in the last quarter. OneDigital Investment Advisors LLC bought a new stake in shares of NatWest Group in the first quarter worth about $293,000. Envestnet Asset Management Inc. increased its holdings in shares of NatWest Group by 28.7% in the first quarter. Envestnet Asset Management Inc. now owns 2,744,550 shares of the company’s stock worth $32,715,000 after acquiring an additional 611,323 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its holdings in shares of NatWest Group by 309.8% in the first quarter. Janney Montgomery Scott LLC now owns 101,675 shares of the company’s stock worth $1,212,000 after acquiring an additional 76,866 shares in the last quarter. Institutional investors and hedge funds own 1.27% of the company’s stock.

NatWest Group Price Performance

Shares of NYSE:NWG opened at $15.3550 on Wednesday. NatWest Group has a 1-year low of $8.55 and a 1-year high of $15.40. The firm has a market capitalization of $62.17 billion, a PE ratio of 9.91, a PEG ratio of 0.88 and a beta of 1.07. The business’s 50 day moving average is $14.00 and its 200-day moving average is $13.00. The company has a current ratio of 1.05, a quick ratio of 1.06 and a debt-to-equity ratio of 0.14.

NatWest Group (NYSE:NWG) last announced its quarterly earnings data on Friday, July 25th. The company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.04. NatWest Group had a return on equity of 11.99% and a net margin of 16.84%.The company had revenue of $5.42 billion for the quarter, compared to analyst estimates of $4.06 billion. Sell-side analysts predict that NatWest Group will post 1.35 earnings per share for the current year.

NatWest Group Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 8th will be paid a $0.255 dividend. The ex-dividend date of this dividend is Friday, August 8th. This represents a yield of 390.0%. NatWest Group’s payout ratio is currently 31.61%.

About NatWest Group

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.