BNP Paribas downgraded shares of NatWest Group (NYSE:NWG - Free Report) from an outperform rating to a neutral rating in a report published on Tuesday morning, MarketBeat Ratings reports.
Separately, Keefe, Bruyette & Woods upgraded NatWest Group from a "hold" rating to a "moderate buy" rating in a research report on Monday, November 4th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Buy".
Read Our Latest Stock Analysis on NatWest Group
NatWest Group Stock Up 0.4 %
Shares of NWG stock traded up $0.05 during mid-day trading on Tuesday, hitting $12.16. The company's stock had a trading volume of 8,943,060 shares, compared to its average volume of 2,768,226. NatWest Group has a 52-week low of $6.17 and a 52-week high of $12.65. The business has a 50-day moving average price of $10.86 and a 200 day moving average price of $10.07. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a market cap of $48.95 billion, a price-to-earnings ratio of 8.94, a PEG ratio of 0.85 and a beta of 1.22.
NatWest Group (NYSE:NWG - Get Free Report) last posted its quarterly earnings results on Friday, February 14th. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.11. The business had revenue of $4.90 billion during the quarter, compared to analysts' expectations of $3.75 billion. Research analysts predict that NatWest Group will post 1.35 EPS for the current fiscal year.
NatWest Group Increases Dividend
The company also recently disclosed a semi-annual dividend, which will be paid on Monday, April 28th. Investors of record on Friday, March 14th will be given a dividend of $0.3899 per share. This represents a yield of 3.8%. The ex-dividend date of this dividend is Friday, March 14th. This is a boost from NatWest Group's previous semi-annual dividend of $0.36. NatWest Group's dividend payout ratio is 55.88%.
Institutional Trading of NatWest Group
Hedge funds have recently bought and sold shares of the company. Private Trust Co. NA increased its position in NatWest Group by 121.3% in the third quarter. Private Trust Co. NA now owns 2,735 shares of the company's stock worth $26,000 after buying an additional 1,499 shares in the last quarter. Whipplewood Advisors LLC purchased a new stake in NatWest Group in the fourth quarter worth about $27,000. Hilltop National Bank purchased a new stake in NatWest Group in the fourth quarter worth about $29,000. First Horizon Advisors Inc. increased its position in NatWest Group by 161.4% in the fourth quarter. First Horizon Advisors Inc. now owns 2,894 shares of the company's stock worth $29,000 after buying an additional 1,787 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new stake in NatWest Group in the third quarter worth about $33,000. Hedge funds and other institutional investors own 1.27% of the company's stock.
About NatWest Group
(
Get Free Report)
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.
Featured Stories
Before you consider NatWest Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and NatWest Group wasn't on the list.
While NatWest Group currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
