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

NatWest Group plc (NYSE:NWG) has earned a consensus rating of “Buy” from the five analysts that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company.

A number of equities analysts recently weighed in on NWG shares. Peel Hunt downgraded shares of NatWest Group from a “strong-buy” rating to a “moderate buy” rating in a report on Thursday, March 6th. BNP Paribas lowered shares of NatWest Group from an “outperform” rating to a “neutral” rating in a research note on Tuesday, March 4th.

NatWest Group Price Performance

Shares of NYSE NWG opened at $11.95 on Friday. 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 business has a 50-day moving average of $11.49 and a 200-day moving average of $10.40. The stock has a market capitalization of $48.10 billion, a price-to-earnings ratio of 8.78, a PEG ratio of 0.85 and a beta of 1.22. NatWest Group has a fifty-two week low of $6.70 and a fifty-two week high of $12.65.

NatWest Group (NYSE:NWG) last posted its quarterly earnings results on Friday, February 14th. The company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.11. The company had revenue of $4.90 billion during the quarter, compared to the consensus estimate of $3.75 billion. As a group, sell-side analysts predict that NatWest Group will post 1.35 earnings per share for the current fiscal year.

NatWest Group Increases Dividend

The firm 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 a boost from NatWest Group’s previous semi-annual dividend of $0.36. NatWest Group’s dividend payout ratio is 55.88%.

Hedge Funds Weigh In On NatWest Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Quantbot Technologies LP acquired a new stake in shares of NatWest Group during the 3rd quarter worth about $572,000. New York State Common Retirement Fund bought a new position in NatWest Group in the 4th quarter valued at about $216,000. Raymond James Financial Inc. acquired a new stake in NatWest Group during the fourth quarter worth approximately $27,339,000. Sanctuary Advisors LLC boosted its holdings in shares of NatWest Group by 394.6% during the third quarter. Sanctuary Advisors LLC now owns 246,575 shares of the company’s stock worth $2,441,000 after acquiring an additional 196,724 shares during the period. Finally, Natixis Advisors LLC boosted its holdings in shares of NatWest Group by 3.8% during the fourth quarter. Natixis Advisors LLC now owns 11,118,183 shares of the company’s stock worth $113,072,000 after acquiring an additional 408,239 shares during the period. 1.27% of the stock is owned by institutional investors.

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.