NatWest Group (NYSE:NWG) Rating Increased to Strong-Buy at UBS Group

UBS Group upgraded shares of NatWest Group (NYSE:NWG) to a strong-buy rating in a research report report published on Tuesday, Zacks.com reports.

NatWest Group Stock Down 5.0 %

NWG stock opened at $8.42 on Tuesday. The stock has a market cap of $35.03 billion, a P/E ratio of 7.88, a PEG ratio of 2.13 and a beta of 1.35. 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 twelve month low of $4.30 and a twelve month high of $9.68. The company’s 50 day moving average is $8.42 and its two-hundred day moving average is $7.27.

NatWest Group Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 9th will be issued a dividend of $0.1543 per share. This is a positive change from NatWest Group’s previous semi-annual dividend of $0.14. The ex-dividend date is Friday, August 9th. This represents a dividend yield of 4.3%.

Institutional Trading of NatWest Group

Institutional investors and hedge funds have recently made changes to their positions in the company. Blue Trust Inc. raised its stake in shares of NatWest Group by 64.4% during the fourth quarter. Blue Trust Inc. now owns 15,672 shares of the company’s stock worth $91,000 after purchasing an additional 6,141 shares during the last quarter. Sequoia Financial Advisors LLC grew its stake in shares of NatWest Group by 320.0% during the 4th quarter. Sequoia Financial Advisors LLC now owns 120,003 shares of the company’s stock worth $676,000 after purchasing an additional 91,434 shares during the period. Cerity Partners LLC boosted its holdings in NatWest Group by 38.4% during the fourth quarter. Cerity Partners LLC now owns 26,894 shares of the company’s stock worth $151,000 after buying an additional 7,457 shares in the last quarter. OLD National Bancorp IN lifted its position in shares of NatWest Group by 17.4% during the 4th quarter. OLD National Bancorp IN now owns 22,952 shares of the company’s stock valued at $129,000 after acquiring an additional 3,405 shares during the period. Finally, Truist Financial Corp increased its stake in NatWest Group by 20.1% in the 4th quarter. Truist Financial Corp now owns 46,164 shares of the company’s stock valued at $260,000 after purchasing an additional 7,727 shares in the last quarter. 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.