NatWest Group plc (NYSE:NWG) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of NatWest Group plc (NYSE:NWG) have received a consensus rating of “Moderate Buy” from the six brokerages that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company.

Several brokerages have recently weighed in on NWG. Kepler Capital Markets began coverage on shares of NatWest Group in a research note on Thursday, September 5th. They issued a “buy” rating on the stock. UBS Group upgraded shares of NatWest Group to a “strong-buy” rating in a research report on Tuesday, July 30th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in NWG. Sanctuary Advisors LLC purchased a new position in NatWest Group during the second quarter valued at approximately $391,000. Gordian Capital Singapore Pte Ltd bought a new stake in shares of NatWest Group during the 2nd quarter valued at $1,606,000. Teachers Retirement System of The State of Kentucky lifted its stake in shares of NatWest Group by 9.4% during the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 2,623,571 shares of the company’s stock valued at $21,068,000 after buying an additional 224,900 shares in the last quarter. Truist Financial Corp boosted its holdings in NatWest Group by 21.7% in the 2nd quarter. Truist Financial Corp now owns 64,187 shares of the company’s stock worth $515,000 after buying an additional 11,464 shares during the period. Finally, Creative Planning increased its stake in NatWest Group by 33.9% in the 2nd quarter. Creative Planning now owns 119,201 shares of the company’s stock worth $957,000 after buying an additional 30,151 shares in the last quarter. 1.27% of the stock is currently owned by institutional investors.

NatWest Group Price Performance

Shares of NWG opened at $9.42 on Friday. The firm has a fifty day simple moving average of $8.98 and a two-hundred day simple moving average of $8.13. The firm has a market cap of $39.12 billion, a PE ratio of 7.50, a P/E/G ratio of 2.03 and a beta of 1.33. The company has a current ratio of 1.07, a quick ratio of 1.08 and a debt-to-equity ratio of 0.16. NatWest Group has a 1-year low of $4.30 and a 1-year high of $9.68.

NatWest Group (NYSE:NWG) last posted its quarterly earnings data on Friday, July 26th. The company reported $0.35 EPS for the quarter. The firm had revenue of $4.62 billion for the quarter. On average, equities analysts anticipate that NatWest Group will post 1.05 EPS for the current year.

NatWest Group Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 9th were paid a $0.1543 dividend. The ex-dividend date was Friday, August 9th. This represents a dividend yield of 4.3%. This is an increase from NatWest Group’s previous semi-annual dividend of $0.14.

NatWest Group Company Profile

NatWest Group plc, together with its subsidiaries, provides banking and financial products and services to personal, commercial, corporate, and institutional customers in the United Kingdom and internationally. It operates through Retail Banking, Private Banking, and Commercial & Institutional segments.