NatWest Group plc (NYSE:NWG) Given Consensus Rating of “Buy” by Analysts

Shares of NatWest Group plc (NYSE:NWG) have been assigned an average rating of “Buy” from the five ratings firms that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company.

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

Institutional Trading of NatWest Group

Large investors have recently added to or reduced their stakes in the company. Forum Financial Management LP lifted its holdings in shares of NatWest Group by 94.2% during the 4th quarter. Forum Financial Management LP now owns 40,696 shares of the company’s stock valued at $414,000 after buying an additional 19,742 shares during the last quarter. Vise Technologies Inc. lifted its stake in NatWest Group by 11.1% during the fourth quarter. Vise Technologies Inc. now owns 31,371 shares of the company’s stock worth $319,000 after purchasing an additional 3,136 shares during the period. Waverly Advisors LLC acquired a new stake in shares of NatWest Group in the 4th quarter valued at $130,000. Strategic Global Advisors LLC increased its holdings in shares of NatWest Group by 7.4% during the fourth quarter. Strategic Global Advisors LLC now owns 76,296 shares of the company’s stock worth $776,000 after buying an additional 5,286 shares in the last quarter. Finally, Point72 Asset Management L.P. raised its holdings in shares of NatWest Group by 81.1% in the fourth quarter. Point72 Asset Management L.P. now owns 191,400 shares of the company’s stock valued at $1,947,000 after buying an additional 85,700 shares during the last quarter. 1.27% of the stock is owned by institutional investors and hedge funds.

NatWest Group Trading Down 1.4 %

NWG opened at $11.98 on Friday. The firm’s 50 day moving average is $11.45 and its 200-day moving average is $10.36. NatWest Group has a 52-week low of $6.70 and a 52-week high of $12.65. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $48.23 billion, a P/E ratio of 8.81, a P/E/G ratio of 0.85 and a beta of 1.22.

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

NatWest Group Increases Dividend

The business also recently announced a semi-annual dividend, which will be paid on Monday, April 28th. Stockholders of record on Friday, March 14th will be given 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 dividend yield of 3.8%. NatWest Group’s payout ratio is 55.88%.

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.