Keefe, Bruyette & Woods Downgrades NatWest Group (NYSE:NWG) to Hold

NatWest Group (NYSE:NWG) was downgraded by equities researchers at Keefe, Bruyette & Woods from a “moderate buy” rating to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

NWG has been the topic of a number of other research reports. Barclays reissued an “equal weight” rating on shares of NatWest Group in a research report on Wednesday, January 7th. BNP Paribas Exane raised shares of NatWest Group from a “strong sell” rating to a “hold” rating in a research note on Friday, February 27th. Weiss Ratings reiterated a “buy (b)” rating on shares of NatWest Group in a report on Thursday, January 22nd. Finally, Zacks Research downgraded shares of NatWest Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Two equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

NatWest Group Stock Down 2.5%

Shares of NYSE NWG opened at $16.12 on Monday. NatWest Group has a 52-week low of $12.32 and a 52-week high of $19.35. The firm has a market capitalization of $64.31 billion, a price-to-earnings ratio of 9.00, a PEG ratio of 0.92 and a beta of 0.96. The stock has a 50 day moving average price of $15.87 and a 200 day moving average price of $16.29. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.04 and a current ratio of 1.04.

NatWest Group (NYSE:NWG) last released its quarterly earnings data on Thursday, February 12th. The company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.38 by $0.08. The company had revenue of $5.74 billion for the quarter, compared to the consensus estimate of $5.59 billion. NatWest Group had a return on equity of 13.05% and a net margin of 18.59%. Sell-side analysts expect that NatWest Group will post 1.94 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in NWG. Pinnacle Wealth Management Advisory Group LLC purchased a new stake in shares of NatWest Group during the 1st quarter worth $184,000. GHP Investment Advisors Inc. purchased a new position in NatWest Group in the first quarter valued at about $76,000. Aaron Wealth Advisors LLC grew its stake in NatWest Group by 16.6% in the first quarter. Aaron Wealth Advisors LLC now owns 56,409 shares of the company’s stock valued at $840,000 after purchasing an additional 8,033 shares during the last quarter. OLD National Bancorp IN raised its holdings in NatWest Group by 9.9% in the first quarter. OLD National Bancorp IN now owns 24,721 shares of the company’s stock worth $368,000 after purchasing an additional 2,227 shares in the last quarter. Finally, Ritholtz Wealth Management raised its holdings in NatWest Group by 8.3% in the first quarter. Ritholtz Wealth Management now owns 420,712 shares of the company’s stock worth $6,269,000 after purchasing an additional 32,314 shares in the last quarter. 1.27% of the stock is owned by institutional investors.

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.