NatWest Group (NYSE:NWG) Shares Gap Down – Here’s What Happened

NatWest Group plc (NYSE:NWG) shares gapped down before the market opened on Friday . The stock had previously closed at $15.08, but opened at $14.32. NatWest Group shares last traded at $14.1010, with a volume of 807,665 shares traded.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. BNP Paribas Exane upgraded shares of NatWest Group from a “strong sell” rating to a “hold” rating in a report on Friday, February 27th. The Goldman Sachs Group reissued a “neutral” rating on shares of NatWest Group in a research report on Thursday, December 4th. Barclays restated an “equal weight” rating on shares of NatWest Group in a research note on Wednesday, January 7th. Zacks Research raised NatWest Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 10th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of NatWest Group in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy”.

NatWest Group Price Performance

The firm has a market capitalization of $55.34 billion, a price-to-earnings ratio of 7.75, a price-to-earnings-growth ratio of 0.47 and a beta of 0.95. The stock’s fifty day moving average price is $16.81 and its two-hundred day moving average price is $16.04. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.14.

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

NatWest Group Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Tuesday, May 5th. Stockholders of record on Friday, March 20th will be given a dividend of $0.621 per share. This represents a dividend yield of 895.0%. The ex-dividend date of this dividend is Friday, March 20th. NatWest Group’s dividend payout ratio is currently 27.93%.

Institutional Investors Weigh In On NatWest Group

Several hedge funds and other institutional investors have recently made changes to their positions in NWG. Rockefeller Capital Management L.P. lifted its position in NatWest Group by 387.6% in the fourth quarter. Rockefeller Capital Management L.P. now owns 19,956 shares of the company’s stock valued at $349,000 after acquiring an additional 15,863 shares during the last quarter. World Investment Advisors acquired a new stake in shares of NatWest Group during the fourth quarter worth about $187,000. Pure Financial Advisors LLC purchased a new stake in shares of NatWest Group in the 4th quarter valued at about $185,000. Rehmann Capital Advisory Group lifted its holdings in shares of NatWest Group by 6.2% in the 4th quarter. Rehmann Capital Advisory Group now owns 77,256 shares of the company’s stock valued at $1,353,000 after purchasing an additional 4,479 shares during the last quarter. Finally, SHP Wealth Management purchased a new stake in shares of NatWest Group in the 4th quarter valued at about $148,000. 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.