NatWest Group (NYSE:NWG) Downgraded to “Neutral” Rating by BNP Paribas

BNP Paribas cut shares of NatWest Group (NYSE:NWG) from an outperform rating to a neutral rating in a research note released on Tuesday, MarketBeat reports.

Separately, Keefe, Bruyette & Woods raised NatWest Group from a “hold” rating to a “moderate buy” rating in a research report on Monday, November 4th. One analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, NatWest Group currently has a consensus rating of “Buy”.

NatWest Group Stock Performance

Shares of NWG stock opened at $12.08 on Tuesday. The firm has a 50-day moving average of $10.74 and a 200-day moving average of $10.01. The company has a market cap of $48.63 billion, a P/E ratio of 8.88, a P/E/G ratio of 0.85 and a beta of 1.30. 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 has a one year low of $6.17 and a one year high of $12.51.

NatWest Group (NYSE:NWG) last posted its quarterly earnings data on Friday, February 14th. The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.26 by $0.11. The firm had revenue of $4.90 billion during the quarter, compared to analysts’ expectations of $3.75 billion. Equities research analysts forecast that NatWest Group will post 1.35 EPS for the current fiscal year.

NatWest Group Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Monday, April 28th. Stockholders of record on Friday, March 14th will be paid a dividend of $0.3899 per share. The ex-dividend date is Friday, March 14th. This represents a dividend yield of 3.8%. This is a positive change from NatWest Group’s previous semi-annual dividend of $0.36. NatWest Group’s dividend payout ratio (DPR) is presently 55.88%.

Hedge Funds Weigh In On NatWest Group

Several institutional investors have recently bought and sold shares of the company. Forum Financial Management LP raised its stake in shares of NatWest Group by 94.2% in the fourth 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 period. Vise Technologies Inc. increased its holdings in NatWest Group by 11.1% in the 4th quarter. Vise Technologies Inc. now owns 31,371 shares of the company’s stock worth $319,000 after acquiring an additional 3,136 shares during the last quarter. Waverly Advisors LLC purchased a new stake in NatWest Group in the 4th quarter worth about $130,000. Strategic Global Advisors LLC increased its holdings in NatWest Group by 7.4% in the 4th quarter. Strategic Global Advisors LLC now owns 76,296 shares of the company’s stock worth $776,000 after acquiring an additional 5,286 shares during the last quarter. Finally, Point72 Asset Management L.P. lifted its holdings in NatWest Group by 81.1% during the fourth quarter. Point72 Asset Management L.P. now owns 191,400 shares of the company’s stock valued at $1,947,000 after purchasing an additional 85,700 shares during the last quarter. Hedge funds and other institutional investors own 1.27% of the company’s stock.

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.