NatWest Group (NYSE:NWG - Get Free Report) posted its quarterly earnings data on Friday, May 2nd. The company reported $0.39 earnings per share for the quarter, beating analysts' consensus estimates of $0.34 by $0.05, Zacks reports. The company had revenue of $5.30 billion for the quarter, compared to the consensus estimate of $3.80 billion.
NatWest Group Stock Performance
NWG traded up $0.23 during midday trading on Friday, hitting $13.25. 11,305,702 shares of the company traded hands, compared to its average volume of 3,420,321. The company's 50-day moving average is $12.10 and its 200 day moving average is $10.99. NatWest Group has a 52 week low of $7.80 and a 52 week high of $13.30. The firm has a market capitalization of $53.36 billion, a PE ratio of 9.74, a price-to-earnings-growth ratio of 0.85 and a beta of 1.01. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.16.
NatWest Group Increases Dividend
The firm also recently announced a semi-annual dividend, which was paid on Monday, April 28th. Shareholders of record on Friday, March 14th were given a $0.3899 dividend. This is a positive change from NatWest Group's previous semi-annual dividend of $0.36. The ex-dividend date of this dividend was Friday, March 14th. This represents a yield of 3.8%. NatWest Group's payout ratio is 51.68%.
Analyst Ratings Changes
A number of equities research analysts have recently commented on NWG shares. BNP Paribas cut NatWest Group from an "outperform" rating to a "neutral" rating in a research note on Tuesday, March 4th. Citigroup reissued a "buy" rating on shares of NatWest Group in a research report on Monday, April 28th. Finally, Peel Hunt cut shares of NatWest Group from a "strong-buy" rating to a "moderate buy" rating in a report on Thursday, March 6th. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Buy".
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NatWest Group Company Profile
(
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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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