NatWest Group (NYSE:NWG) Rating Increased to Overweight at Morgan Stanley

Key Points

• Morgan Stanley upgraded NatWest Group from “equal weight” to “overweight,” while MarketBeat data shows a consensus “Moderate Buy” rating from analysts.
• NatWest shares opened at $18.33, near their 52-week high of $19.42, and trade at a price-to-earnings ratio of 9.12. The bank recently reported quarterly EPS of $0.54, exceeding the $0.45 analyst consensus.
• Several institutional investors increased their positions, although hedge funds and other institutions collectively own only 1.27% of NatWest Group’s stock.

NatWest Group (NYSE:NWG - Get Free Report) was upgraded by equities researchers at Morgan Stanley from an "equal weight" rating to an "overweight" rating in a research note issued to investors on Wednesday, Briefing.com reports.

NWG has been the topic of a number of other reports. Keefe, Bruyette & Woods upgraded NatWest Group from a "hold" rating to a "moderate buy" rating in a research report on Friday, July 17th. BNP Paribas Exane raised shares of NatWest Group from a "hold" rating to a "strong-buy" rating in a research note on Monday, May 11th. Weiss Ratings raised NatWest Group from a "buy (b-)" rating to a "buy (b)" rating in a research note on Thursday, August 13th. Wall Street Zen downgraded NatWest Group from a "buy" rating to a "hold" rating in a report on Sunday, August 9th. Finally, Berenberg Bank assumed coverage on shares of NatWest Group in a research report on Wednesday, June 24th. They issued a "buy" rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy".

NatWest Group Stock Performance

Shares of NYSE NWG opened at $18.33 on Wednesday. NatWest Group has a 1 year low of $13.56 and a 1 year high of $19.42. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.03 and a quick ratio of 1.04. The stock has a market cap of $72.95 billion, a PE ratio of 9.12, a price-to-earnings-growth ratio of 0.94 and a beta of 0.91. The firm has a fifty day moving average price of $18.29 and a 200-day moving average price of $16.73.

NatWest Group (NYSE:NWG - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The company reported $0.54 EPS for the quarter, beating analysts' consensus estimates of $0.45 by $0.09. The business had revenue of $5.89 billion for the quarter, compared to analysts' expectations of $5.90 billion. NatWest Group had a return on equity of 14.01% and a net margin of 20.10%. Equities analysts anticipate that NatWest Group will post 1.98 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Larson Financial Group LLC lifted its stake in shares of NatWest Group by 427.7% in the 3rd quarter. Larson Financial Group LLC now owns 1,831 shares of the company's stock valued at $26,000 after purchasing an additional 1,484 shares during the period. Caitong International Asset Management Co. Ltd lifted its stake in NatWest Group by 173.6% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,197 shares of the company's stock valued at $38,000 after buying an additional 1,394 shares in the last quarter. IFP Advisors Inc boosted its stake in shares of NatWest Group by 101.7% in the fourth quarter. IFP Advisors Inc now owns 2,259 shares of the company's stock worth $40,000 after acquiring an additional 1,139 shares during the last quarter. Geneos Wealth Management Inc. boosted its stake in NatWest Group by 35.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 4,594 shares of the company's stock worth $55,000 after purchasing an additional 1,195 shares during the last quarter. Finally, Atlas Capital Advisors Inc. purchased a new stake in NatWest Group during the 4th quarter valued at about $56,000. Hedge funds and other institutional investors own 1.27% of the company's stock.

About NatWest Group

NatWest Group plc is a major UK-based banking and financial services group headquartered in Edinburgh, Scotland. The company traces its roots to the Royal Bank of Scotland, founded in 1727, and adopted the NatWest Group name in 2020 as part of a strategic refocus on its NatWest brand. NatWest Group is listed on the London Stock Exchange and also has American depositary shares trading on the New York Stock Exchange under the symbol NWG.

The group provides a broad range of banking services across retail, private, commercial, corporate and institutional segments.

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