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

NatWest Group plc (NYSE:NWG - Get Free Report) has been assigned an average rating of "Buy" from the five brokerages that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company.

Several research analysts have weighed in on the company. BNP Paribas cut NatWest Group from an "outperform" rating to a "neutral" rating in a research report on Tuesday, March 4th. Peel Hunt cut shares of NatWest Group from a "strong-buy" rating to a "moderate buy" rating in a research note on Thursday, March 6th.

NatWest Group Price Performance

Shares of NWG opened at $12.57 on Wednesday. The company's 50-day moving average is $11.78 and its 200-day moving average is $10.71. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a market capitalization of $50.62 billion, a PE ratio of 9.24, a PEG ratio of 0.85 and a beta of 0.93. NatWest Group has a fifty-two week low of $7.16 and a fifty-two week high of $12.76.

NatWest Group (NYSE:NWG - Get Free Report) last issued its quarterly earnings data on Friday, February 14th. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.11. The company had revenue of $4.90 billion for the quarter, compared to analyst estimates of $3.75 billion. Equities analysts forecast that NatWest Group will post 1.35 EPS for the current year.

NatWest Group Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Monday, April 28th. Investors of record on Friday, March 14th will be paid a $0.3899 dividend. This represents a yield of 3.8%. The ex-dividend date of this dividend is Friday, March 14th. This is an increase from NatWest Group's previous semi-annual dividend of $0.36. NatWest Group's payout ratio is 55.88%.

Institutional Investors Weigh In On NatWest Group

A number of large investors have recently bought and sold shares of NWG. New York State Common Retirement Fund bought a new stake in shares of NatWest Group during the 4th quarter worth approximately $216,000. Raymond James Financial Inc. bought a new stake in NatWest Group during the fourth quarter worth $27,339,000. Natixis Advisors LLC boosted its holdings in shares of NatWest Group by 3.8% in the 4th quarter. Natixis Advisors LLC now owns 11,118,183 shares of the company's stock valued at $113,072,000 after purchasing an additional 408,239 shares in the last quarter. Redhawk Wealth Advisors Inc. increased its stake in shares of NatWest Group by 79.3% in the 4th quarter. Redhawk Wealth Advisors Inc. now owns 130,291 shares of the company's stock valued at $1,325,000 after purchasing an additional 57,618 shares during the last quarter. Finally, Perigon Wealth Management LLC lifted its position in shares of NatWest Group by 13.3% during the 4th quarter. Perigon Wealth Management LLC now owns 12,045 shares of the company's stock worth $122,000 after buying an additional 1,411 shares during the last quarter. 1.27% of the stock is currently owned by institutional investors and hedge funds.

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.

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