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

NatWest Group plc (NYSE:NWG) has received a consensus rating of “Buy” from the five research firms that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company.

NWG has been the topic of a number of research analyst reports. BNP Paribas cut NatWest Group from an “outperform” rating to a “neutral” rating in a report on Tuesday, March 4th. Peel Hunt cut shares of NatWest Group from a “strong-buy” rating to a “moderate buy” rating in a research report on Thursday, March 6th.

Institutional Trading of NatWest Group

A number of large investors have recently added to or reduced their stakes in the company. Quantbot Technologies LP purchased a new position in shares of NatWest Group in the third quarter valued at $572,000. New York State Common Retirement Fund purchased a new position in shares of NatWest Group in the 4th quarter worth $216,000. Raymond James Financial Inc. purchased a new position in shares of NatWest Group in the 4th quarter worth $27,339,000. Sanctuary Advisors LLC increased its holdings in shares of NatWest Group by 394.6% in the 3rd quarter. Sanctuary Advisors LLC now owns 246,575 shares of the company’s stock worth $2,441,000 after buying an additional 196,724 shares during the last quarter. Finally, Natixis Advisors LLC raised its position in shares of NatWest Group by 3.8% during the 4th quarter. Natixis Advisors LLC now owns 11,118,183 shares of the company’s stock valued at $113,072,000 after buying an additional 408,239 shares in the last quarter. Institutional investors own 1.27% of the company’s stock.

NatWest Group Stock Up 1.7 %

Shares of NWG stock opened at $12.19 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.06 and a quick ratio of 1.06. NatWest Group has a one year low of $6.75 and a one year high of $12.65. The company’s fifty day moving average price is $11.56 and its 200-day moving average price is $10.44. The company has a market capitalization of $49.09 billion, a price-to-earnings ratio of 8.96, a PEG ratio of 0.85 and a beta of 1.22.

NatWest Group (NYSE:NWG) last posted its quarterly earnings results on Friday, February 14th. The company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.11. The business had revenue of $4.90 billion for the quarter, compared to the consensus estimate of $3.75 billion. Sell-side analysts expect that NatWest Group will post 1.35 EPS for the current fiscal year.

NatWest Group Increases Dividend

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

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.