NatWest Group plc (NYSE:NWG) Receives Consensus Rating of “Buy” from Analysts

NatWest Group plc (NYSE:NWG) has earned a consensus rating of “Buy” from the six brokerages that are currently covering the stock, Marketbeat reports. Five analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company.

A number of research analysts recently weighed in on the company. UBS Group raised NatWest Group to a “strong-buy” rating in a research note on Tuesday, July 30th. Jefferies Financial Group raised NatWest Group from an “underperform” rating to a “buy” rating in a research report on Tuesday, October 15th. Kepler Capital Markets initiated coverage on shares of NatWest Group in a research report on Thursday, September 5th. They issued a “buy” rating for the company. Finally, The Goldman Sachs Group initiated coverage on shares of NatWest Group in a research note on Friday, October 4th. They issued a “buy” rating on the stock.

Institutional Trading of NatWest Group

Institutional investors have recently made changes to their positions in the company. Bruce G. Allen Investments LLC lifted its position in shares of NatWest Group by 285.3% during the third quarter. Bruce G. Allen Investments LLC now owns 2,813 shares of the company’s stock valued at $26,000 after purchasing an additional 2,083 shares in the last quarter. Hexagon Capital Partners LLC grew its position in NatWest Group by 134.5% in the 3rd quarter. Hexagon Capital Partners LLC now owns 3,452 shares of the company’s stock worth $32,000 after purchasing an additional 1,980 shares in the last quarter. SageView Advisory Group LLC bought a new stake in NatWest Group in the 1st quarter worth about $27,000. EverSource Wealth Advisors LLC increased its stake in NatWest Group by 45.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,013 shares of the company’s stock valued at $32,000 after buying an additional 1,259 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of NatWest Group by 65.7% in the 2nd quarter. GAMMA Investing LLC now owns 4,566 shares of the company’s stock worth $37,000 after buying an additional 1,810 shares during the last quarter. Institutional investors own 1.27% of the company’s stock.

NatWest Group Stock Performance

Shares of NWG stock opened at $9.39 on Tuesday. The firm has a 50 day moving average of $9.14 and a 200-day moving average of $8.48. The company has a market cap of $39.07 billion, a price-to-earnings ratio of 7.76 and a beta of 1.33. The company has a quick ratio of 1.08, a current ratio of 1.07 and a debt-to-equity ratio of 0.16. NatWest Group has a 52 week low of $4.30 and a 52 week high of $9.68.

NatWest Group (NYSE:NWG) last posted its quarterly earnings results on Friday, July 26th. The company reported $0.35 EPS for the quarter. The company had revenue of $4.62 billion during the quarter. On average, equities analysts forecast that NatWest Group will post 0.92 earnings per share for the current year.

NatWest Group Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 9th were given a $0.1543 dividend. This is a positive change from NatWest Group’s previous semi-annual dividend of $0.14. This represents a yield of 4.3%. The ex-dividend date was Friday, August 9th. NatWest Group’s dividend payout ratio is presently 25.62%.

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.