NatWest Group (NYSE:NWG) Downgraded by Zacks Research to "Hold"

Key Points

• NatWest Group has been downgraded by Zacks Research from a "strong-buy" to a "hold" rating, with four analysts still maintaining a "buy" rating.
• The company's stock experienced a 1.1% increase during trading, reaching $14.9850, with a current market capitalization of $60.67 billion.
• NatWest Group reported earnings per share of $0.41, surpassing expectations, with a revenue of $5.42 billion for the quarter ending July 25th.

NatWest Group (NYSE:NWG - Get Free Report) was downgraded by stock analysts at Zacks Research from a "strong-buy" rating to a "hold" rating in a research note issued on Monday,Zacks.com reports.

Separately, Citigroup reiterated a "buy" rating on shares of NatWest Group in a research note on Monday, April 28th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy".

NatWest Group Stock Up 0.7%

NWG traded up $0.1050 during mid-day trading on Monday, reaching $15.3550. 2,973,509 shares of the stock were exchanged, compared to its average volume of 3,377,325. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.06 and a current ratio of 1.05. The stock has a market capitalization of $62.17 billion, a PE ratio of 9.91, a price-to-earnings-growth ratio of 0.88 and a beta of 1.07. The company has a 50 day moving average price of $14.00 and a two-hundred day moving average price of $13.00. NatWest Group has a 1 year low of $8.55 and a 1 year high of $15.40.

NatWest Group (NYSE:NWG - Get Free Report) last posted its quarterly earnings data on Friday, July 25th. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.37 by $0.04. The firm had revenue of $5.42 billion for the quarter, compared to the consensus estimate of $4.06 billion. NatWest Group had a net margin of 16.84% and a return on equity of 11.99%. As a group, research analysts anticipate that NatWest Group will post 1.35 EPS for the current year.

Institutional Investors Weigh In On NatWest Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. L1 Capital Pty Ltd bought a new stake in NatWest Group in the 2nd quarter valued at about $146,913,000. Evergreen Capital Management LLC raised its stake in NatWest Group by 2.4% in the 2nd quarter. Evergreen Capital Management LLC now owns 29,272 shares of the company's stock valued at $414,000 after acquiring an additional 697 shares during the period. Corient Private Wealth LLC raised its stake in NatWest Group by 4.6% in the 2nd quarter. Corient Private Wealth LLC now owns 66,573 shares of the company's stock valued at $942,000 after acquiring an additional 2,950 shares during the period. Vident Advisory LLC raised its stake in NatWest Group by 10.4% in the 2nd quarter. Vident Advisory LLC now owns 116,427 shares of the company's stock valued at $1,647,000 after acquiring an additional 10,986 shares during the period. Finally, Tidal Investments LLC bought a new stake in NatWest Group in the 2nd quarter valued at about $327,000. 1.27% of the stock is currently 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.