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

Keefe, Bruyette & Woods upgraded shares of NatWest Group (NYSE:NWG) from a hold rating to a moderate buy rating in a research note published on Monday morning,Zacks.com reports.

Several other research analysts have also commented on the company. Kepler Capital Markets began coverage on NatWest Group in a research report on Thursday, September 5th. They set a “buy” rating on the stock. The Goldman Sachs Group began coverage on NatWest Group in a research report on Friday, October 4th. They set a “buy” rating on the stock. Jefferies Financial Group upgraded NatWest Group from an “underperform” rating to a “buy” rating in a research note on Tuesday, October 15th. Finally, UBS Group upgraded NatWest Group to a “strong-buy” rating in a research note on Tuesday, July 30th. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Buy”.

NatWest Group Stock Down 0.7 %

Shares of NYSE NWG traded down $0.07 during midday trading on Monday, hitting $9.97. 1,390,730 shares of the company’s stock were exchanged, compared to its average volume of 2,224,266. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.06 and a quick ratio of 1.06. NatWest Group has a twelve month low of $4.79 and a twelve month high of $10.24. The company has a market cap of $41.40 billion, a PE ratio of 7.52 and a beta of 1.32. The firm’s fifty day simple moving average is $9.29 and its 200-day simple moving average is $8.70.

Institutional Investors Weigh In On NatWest Group

Several hedge funds have recently modified their holdings of the stock. Natixis Advisors LLC grew its stake in NatWest Group by 10.7% during the 3rd quarter. Natixis Advisors LLC now owns 10,709,944 shares of the company’s stock valued at $100,245,000 after purchasing an additional 1,031,057 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of NatWest Group by 3.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 7,048,194 shares of the company’s stock worth $56,615,000 after acquiring an additional 205,439 shares in the last quarter. Teachers Retirement System of The State of Kentucky grew its position in shares of NatWest Group by 9.4% in the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 2,623,571 shares of the company’s stock worth $21,068,000 after acquiring an additional 224,900 shares in the last quarter. Raymond James & Associates grew its position in shares of NatWest Group by 6.7% in the 3rd quarter. Raymond James & Associates now owns 2,564,252 shares of the company’s stock worth $24,001,000 after acquiring an additional 162,068 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its position in shares of NatWest Group by 55.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,759,325 shares of the company’s stock worth $14,127,000 after acquiring an additional 627,097 shares in the last quarter. 1.27% of the stock is currently owned by hedge funds and other institutional investors.

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.