Keefe, Bruyette & Woods Upgrades NatWest Group (NYSE:NWG) to “Moderate Buy”

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

NWG has been the subject of several other reports. Wall Street Zen downgraded shares of NatWest Group from a “buy” rating to a “hold” rating in a report on Saturday, June 27th. Berenberg Bank started coverage on NatWest Group in a research note on Wednesday, June 24th. They set a “buy” rating on the stock. Weiss Ratings cut NatWest Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 4th. BNP Paribas Exane raised NatWest Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 11th. Finally, Zacks Research lowered shares of NatWest Group from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

NatWest Group Stock Up 0.6%

Shares of NYSE:NWG opened at $17.95 on Friday. The firm has a 50 day simple moving average of $16.62 and a 200 day simple moving average of $16.52. The company has a market cap of $71.54 billion, a PE ratio of 9.55, a price-to-earnings-growth ratio of 0.92 and a beta of 0.92. NatWest Group has a 52 week low of $13.30 and a 52 week high of $19.35. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.04 and a current ratio of 1.04.

NatWest Group (NYSE:NWG) last posted its quarterly earnings data on Friday, May 1st. The company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.04. NatWest Group had a return on equity of 13.30% and a net margin of 19.11%.The firm had revenue of $5.59 billion for the quarter, compared to analyst estimates of $5.80 billion. As a group, research analysts expect that NatWest Group will post 1.94 earnings per share for the current year.

Institutional Trading of NatWest Group

Large investors have recently modified their holdings of the stock. Larson Financial Group LLC lifted its position in shares of NatWest Group by 427.7% during the 3rd quarter. Larson Financial Group LLC now owns 1,831 shares of the company’s stock valued at $26,000 after acquiring an additional 1,484 shares during the period. American National Bank & Trust acquired a new stake in NatWest Group in the fourth quarter worth $31,000. Rachor Investment Advisory Services LLC bought a new stake in NatWest Group in the fourth quarter valued at $34,000. Caitong International Asset Management Co. Ltd increased its stake in NatWest Group by 173.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,197 shares of the company’s stock valued at $38,000 after purchasing an additional 1,394 shares in the last quarter. Finally, Allworth Financial LP raised its holdings in shares of NatWest Group by 186.8% during the third quarter. Allworth Financial LP now owns 2,739 shares of the company’s stock valued at $39,000 after purchasing an additional 1,784 shares during the period. Institutional investors and hedge funds 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.