The Goldman Sachs Group Initiates Coverage on NatWest Group (NYSE:NWG)

Stock analysts at The Goldman Sachs Group began coverage on shares of NatWest Group (NYSE:NWG) in a research report issued on Friday, MarketBeat.com reports. The brokerage set a “buy” rating on the stock.

A number of other analysts have also weighed in on NWG. Kepler Capital Markets started coverage on NatWest Group in a research note on Thursday, September 5th. They set a “buy” rating for the company. UBS Group raised shares of NatWest Group to a “strong-buy” rating in a report on Tuesday, July 30th. One research analyst has rated the stock with a sell rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, NatWest Group currently has a consensus rating of “Moderate Buy”.

NatWest Group Price Performance

NWG stock opened at $9.21 on Friday. The firm has a market cap of $38.35 billion, a P/E ratio of 7.43, a P/E/G ratio of 2.09 and a beta of 1.33. The firm’s fifty day moving average is $9.02 and its 200 day moving average is $8.26. NatWest Group has a 52 week low of $4.30 and a 52 week high of $9.68. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.08 and a current ratio of 1.07.

NatWest Group (NYSE:NWG) last released its quarterly earnings data on Friday, July 26th. The company reported $0.35 EPS for the quarter. The company had revenue of $4.62 billion during the quarter. Research analysts predict that NatWest Group will post 1.05 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in NWG. Natixis Advisors LLC grew its stake in NatWest Group by 28.4% in the second quarter. Natixis Advisors LLC now owns 9,678,887 shares of the company’s stock worth $77,721,000 after purchasing an additional 2,139,290 shares during the period. Dimensional Fund Advisors LP lifted its position in NatWest Group by 3.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 7,048,194 shares of the company’s stock valued at $56,615,000 after acquiring an additional 205,439 shares during the period. Teachers Retirement System of The State of Kentucky lifted its position in 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 acquiring an additional 224,900 shares during the period. Raymond James & Associates boosted its stake in NatWest Group by 46.8% during the second quarter. Raymond James & Associates now owns 2,402,184 shares of the company’s stock worth $19,290,000 after acquiring an additional 765,671 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of NatWest Group by 55.4% during the second quarter. Envestnet Asset Management Inc. now owns 1,759,325 shares of the company’s stock valued at $14,127,000 after purchasing an additional 627,097 shares during the last quarter. Hedge funds and other institutional investors own 1.27% of the company’s stock.

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.