NatWest Group (NYSE:NWG) Posts Earnings Results, Beats Expectations By $0.04 EPS

Key Points

• NatWest Group reported quarterly earnings of $0.41 per share, exceeding the consensus estimate of $0.37, with revenue of $5.42 billion surpassing expectations of $4.06 billion.
• The company's stock increased by 4.3% to $14.16 during mid-day trading, with a market capitalization of $57.27 billion and a current PE ratio of 9.50.
• Analysts have a consensus rating of “Buy” for NatWest Group, with one strong buy and four buy ratings reported, indicating positive sentiment in the market.

NatWest Group (NYSE:NWG - Get Free Report) issued its quarterly earnings data on Friday. The company reported $0.41 EPS for the quarter, beating analysts' consensus estimates of $0.37 by $0.04, Zacks reports. NatWest Group had a net margin of 16.84% and a return on equity of 11.99%. The firm had revenue of $5.42 billion for the quarter, compared to analysts' expectations of $4.06 billion.

NatWest Group Stock Down 0.6%

NWG stock traded down $0.08 during trading hours on Wednesday, hitting $14.10. The company's stock had a trading volume of 4,873,458 shares, compared to its average volume of 5,131,439. The company has a market capitalization of $57.10 billion, a PE ratio of 9.10, a price-to-earnings-growth ratio of 0.80 and a beta of 1.01. NatWest Group has a 12 month low of $8.08 and a 12 month high of $14.55. The stock has a 50 day moving average price of $13.88 and a two-hundred day moving average price of $12.51. The company has a quick ratio of 1.06, a current ratio of 1.05 and a debt-to-equity ratio of 0.14.

NatWest Group Cuts Dividend

The business also recently declared a semi-annual dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 8th will be issued a dividend of $0.255 per share. This represents a dividend yield of 3.9%. The ex-dividend date is Friday, August 8th. NatWest Group's dividend payout ratio is currently 49.68%.

Wall Street Analyst Weigh In

Separately, Citigroup reissued a "buy" rating on shares of NatWest Group in a research report on Monday, April 28th. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Buy".

Institutional Investors Weigh In On NatWest Group

Several hedge funds have recently modified their holdings of NWG. Geneos Wealth Management Inc. lifted its holdings in shares of NatWest Group by 35.2% during the first quarter. Geneos Wealth Management Inc. now owns 4,594 shares of the company's stock valued at $55,000 after acquiring an additional 1,195 shares during the period. NewEdge Advisors LLC raised its position in shares of NatWest Group by 14,445.1% during the 1st quarter. NewEdge Advisors LLC now owns 14,836 shares of the company's stock valued at $177,000 after acquiring an additional 14,734 shares during the last quarter. Focus Partners Wealth increased its stake in shares of NatWest Group by 70.6% in the 1st quarter. Focus Partners Wealth now owns 24,251 shares of the company's stock valued at $290,000 after acquiring an additional 10,034 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of NatWest Group in the 1st quarter valued at $2,282,000. Finally, AQR Capital Management LLC increased its position in shares of NatWest Group by 47.0% during the first quarter. AQR Capital Management LLC now owns 281,646 shares of the company's stock worth $3,357,000 after acquiring an additional 90,057 shares in the last quarter. 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.