NatWest Group (NYSE:NWG) Given “Equal Weight” Rating at Barclays

Barclays reissued their equal weight rating on shares of NatWest Group (NYSE:NWG) in a research note published on Wednesday, MarketBeat Ratings reports.

A number of other equities analysts have also recently weighed in on NWG. Zacks Research cut shares of NatWest Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 10th. Weiss Ratings restated a “buy (b)” rating on shares of NatWest Group in a research report on Wednesday, October 8th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating on shares of NatWest Group in a report on Thursday, December 4th. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

NatWest Group Stock Performance

Shares of NWG stock opened at $17.06 on Wednesday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.14. The stock has a 50 day simple moving average of $16.55 and a 200-day simple moving average of $15.04. The company has a market cap of $68.35 billion, a price-to-earnings ratio of 9.92, a price-to-earnings-growth ratio of 0.70 and a beta of 0.99. NatWest Group has a 12-month low of $9.16 and a 12-month high of $18.19.

NatWest Group (NYSE:NWG) last posted its quarterly earnings results on Friday, October 24th. The company reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.03. The firm had revenue of $5.82 billion for the quarter, compared to the consensus estimate of $5.63 billion. NatWest Group had a return on equity of 12.77% and a net margin of 18.18%. On average, equities analysts forecast that NatWest Group will post 1.35 EPS for the current year.

Institutional Trading of NatWest Group

A number of institutional investors have recently modified their holdings of NWG. Sagespring Wealth Partners LLC raised its holdings in NatWest Group by 10.0% in the fourth quarter. Sagespring Wealth Partners LLC now owns 28,515 shares of the company’s stock valued at $499,000 after buying an additional 2,604 shares during the period. QP Wealth Management LLC acquired a new stake in shares of NatWest Group in the fourth quarter worth $600,000. Arlington Capital Management Inc. increased its position in shares of NatWest Group by 8.3% in the fourth quarter. Arlington Capital Management Inc. now owns 17,180 shares of the company’s stock worth $301,000 after acquiring an additional 1,318 shares in the last quarter. Park Avenue Securities LLC raised its stake in shares of NatWest Group by 22.1% in the 4th quarter. Park Avenue Securities LLC now owns 141,340 shares of the company’s stock valued at $2,473,000 after acquiring an additional 25,622 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in shares of NatWest Group by 7.5% during the 4th quarter. GAMMA Investing LLC now owns 19,482 shares of the company’s stock valued at $341,000 after acquiring an additional 1,355 shares in the last quarter. Hedge funds and other institutional investors own 1.27% of the company’s stock.

About NatWest Group

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.