NatWest Group plc (NYSE:NWG) Receives Consensus Rating of "Buy" from Brokerages

NatWest Group plc (NYSE:NWG - Get Free Report) has been assigned an average rating of "Buy" from the five analysts that are presently covering the stock, MarketBeat.com reports. One equities research 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.

Separately, BNP Paribas lowered NatWest Group from an "outperform" rating to a "neutral" rating in a research note on Tuesday.

Hedge Funds Weigh In On NatWest Group

A number of hedge funds have recently made changes to their positions in the stock. OneAscent Financial Services LLC raised its position in shares of NatWest Group by 8.2% during the fourth quarter. OneAscent Financial Services LLC now owns 12,211 shares of the company's stock worth $124,000 after acquiring an additional 926 shares during the last quarter. Adero Partners LLC raised its position in shares of NatWest Group by 9.5% during the fourth quarter. Adero Partners LLC now owns 11,738 shares of the company's stock worth $119,000 after acquiring an additional 1,014 shares during the last quarter. Raymond James Trust N.A. raised its position in shares of NatWest Group by 3.0% during the third quarter. Raymond James Trust N.A. now owns 35,878 shares of the company's stock worth $336,000 after acquiring an additional 1,039 shares during the last quarter. Gallacher Capital Management LLC raised its position in shares of NatWest Group by 2.3% during the fourth quarter. Gallacher Capital Management LLC now owns 48,904 shares of the company's stock worth $497,000 after acquiring an additional 1,093 shares during the last quarter. Finally, Pitcairn Co. raised its position in shares of NatWest Group by 7.4% during the fourth quarter. Pitcairn Co. now owns 17,223 shares of the company's stock worth $175,000 after acquiring an additional 1,193 shares during the last quarter. 1.27% of the stock is currently owned by institutional investors.

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NatWest Group Price Performance

NYSE:NWG traded up $0.05 during trading hours 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. The stock has a fifty day simple moving average of $10.86 and a 200-day simple moving average of $10.07. NatWest Group has a twelve month low of $6.17 and a twelve month high of $12.65. The company has a market capitalization of $48.95 billion, a P/E ratio of 8.94, a PEG ratio of 0.85 and a beta of 1.22. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.06 and a quick ratio of 1.06.

NatWest Group (NYSE:NWG - Get Free Report) last announced its quarterly earnings results on Friday, February 14th. The company reported $0.37 EPS for the quarter, beating analysts' consensus estimates of $0.26 by $0.11. The firm had revenue of $4.90 billion for the quarter, compared to analyst estimates of $3.75 billion. On average, analysts anticipate that NatWest Group will post 1.35 EPS for the current fiscal year.

NatWest Group Increases Dividend

The business also recently disclosed 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. This represents a dividend yield of 3.8%. This is an increase from NatWest Group's previous semi-annual dividend of $0.36. The ex-dividend date of this dividend is Friday, March 14th. NatWest Group's dividend payout ratio (DPR) 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.