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

Shares of NatWest Group plc (NYSE:NWG) have received a consensus recommendation of “Buy” from the five ratings firms that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating on the company.

Several equities analysts have weighed in on NWG shares. BNP Paribas cut NatWest Group from an “outperform” rating to a “neutral” rating in a research note on Tuesday, March 4th. Peel Hunt downgraded shares of NatWest Group from a “strong-buy” rating to a “moderate buy” rating in a report on Thursday, March 6th.

NatWest Group Trading Down 9.6 %

NWG opened at $10.72 on Friday. NatWest Group has a fifty-two week low of $6.75 and a fifty-two week high of $12.65. The firm has a market capitalization of $43.15 billion, a PE ratio of 7.88, a P/E/G ratio of 0.85 and a beta of 0.93. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.06 and a quick ratio of 1.06. The company’s 50-day moving average is $11.58 and its 200 day moving average is $10.46.

NatWest Group (NYSE:NWG) last issued its quarterly earnings data on Friday, February 14th. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.26 by $0.11. The company had revenue of $4.90 billion during the quarter, compared to analysts’ expectations of $3.75 billion. As a group, research analysts predict that NatWest Group will post 1.35 earnings per share for the current fiscal year.

NatWest Group Increases Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Monday, April 28th. Investors of record on Friday, March 14th will be issued a dividend of $0.3899 per share. This is a positive change from NatWest Group’s previous semi-annual dividend of $0.36. This represents a yield of 3.8%. The ex-dividend date is Friday, March 14th. NatWest Group’s dividend payout ratio (DPR) is 55.88%.

Institutional Investors Weigh In On NatWest Group

Large investors have recently made changes to their positions in the business. Charles Schwab Investment Management Inc. grew its position in NatWest Group by 22.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 245,631 shares of the company’s stock valued at $2,299,000 after buying an additional 44,422 shares during the period. Cerity Partners LLC boosted its stake in NatWest Group by 72.6% in the third quarter. Cerity Partners LLC now owns 84,385 shares of the company’s stock valued at $790,000 after acquiring an additional 35,499 shares during the last quarter. Private Trust Co. NA grew its position in shares of NatWest Group by 121.3% during the 3rd quarter. Private Trust Co. NA now owns 2,735 shares of the company’s stock valued at $26,000 after acquiring an additional 1,499 shares during the period. FMR LLC increased its stake in shares of NatWest Group by 57.0% during the 3rd quarter. FMR LLC now owns 1,988,329 shares of the company’s stock worth $18,611,000 after purchasing an additional 721,578 shares during the last quarter. Finally, Quantbot Technologies LP bought a new stake in shares of NatWest Group in the 3rd quarter worth approximately $572,000. 1.27% of the stock is owned by hedge funds and other institutional investors.

About NatWest Group

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.