NatWest Group (NYSE:NWG) Upgraded at Zacks Research

Zacks Research upgraded shares of NatWest Group (NYSE:NWG) from a hold rating to a strong-buy rating in a report published on Tuesday,Zacks.com reports.

A number of other analysts have also issued reports on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of NatWest Group in a research note on Thursday, January 22nd. Barclays reaffirmed an “equal weight” rating on shares of NatWest Group in a research note on Wednesday, January 7th. Finally, The Goldman Sachs Group reissued a “neutral” rating on shares of NatWest Group in a research report on Thursday, December 4th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

NatWest Group Trading Down 2.6%

Shares of NYSE NWG opened at $16.31 on Tuesday. 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 market capitalization of $65.29 billion, a PE ratio of 9.48, a PEG ratio of 0.59 and a beta of 0.96. NatWest Group has a twelve month low of $10.40 and a twelve month high of $19.35. The stock has a fifty day simple moving average of $17.45 and a 200-day simple moving average of $15.76.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. AQR Capital Management LLC boosted its holdings in shares of NatWest Group by 47.0% in the 1st quarter. AQR Capital Management LLC now owns 281,646 shares of the company’s stock valued at $3,357,000 after buying an additional 90,057 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in shares of NatWest Group by 14,445.1% in the 1st quarter. NewEdge Advisors LLC now owns 14,836 shares of the company’s stock valued at $177,000 after purchasing an additional 14,734 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of NatWest Group by 7.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 6,474,908 shares of the company’s stock valued at $77,181,000 after purchasing an additional 455,538 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of NatWest Group in the 1st quarter valued at about $2,282,000. Finally, Focus Partners Wealth lifted its stake in NatWest Group by 70.6% in the first quarter. Focus Partners Wealth now owns 24,251 shares of the company’s stock valued at $290,000 after buying an additional 10,034 shares during the last quarter. Institutional investors and hedge funds 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.