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

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 note issued to investors on Monday, August 18th,Zacks.com reports.

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

NatWest Group Stock Performance

NYSE NWG traded up $0.1350 during trading on Monday, reaching $15.4950. The company's stock had a trading volume of 1,866,361 shares, compared to its average volume of 4,895,524. The company has a current ratio of 1.05, a quick ratio of 1.06 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $62.74 billion, a price-to-earnings ratio of 10.00, a price-to-earnings-growth ratio of 0.88 and a beta of 1.07. NatWest Group has a 12 month low of $8.55 and a 12 month high of $15.52. The firm has a 50 day moving average price of $14.00 and a 200 day moving average price of $13.03.

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, beating analysts' consensus estimates of $0.37 by $0.04. The firm had revenue of $5.42 billion during 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, equities analysts anticipate that NatWest Group will post 1.35 EPS for the current fiscal year.

Hedge Funds Weigh In On NatWest Group

A number of institutional investors have recently added to or reduced their stakes in the stock. Evergreen Capital Management LLC increased its position in NatWest Group by 2.4% during the 2nd quarter. Evergreen Capital Management LLC now owns 29,272 shares of the company's stock worth $414,000 after purchasing an additional 697 shares in the last quarter. First Horizon Advisors Inc. increased its position in NatWest Group by 22.6% during the 2nd quarter. First Horizon Advisors Inc. now owns 4,043 shares of the company's stock worth $57,000 after purchasing an additional 746 shares in the last quarter. Pacer Advisors Inc. increased its position in NatWest Group by 3.0% in the 1st quarter. Pacer Advisors Inc. now owns 28,042 shares of the company's stock valued at $334,000 after acquiring an additional 807 shares during the period. Commerce Bank raised its stake in shares of NatWest Group by 5.2% during the first quarter. Commerce Bank now owns 16,511 shares of the company's stock valued at $197,000 after acquiring an additional 818 shares during the last quarter. Finally, Aaron Wealth Advisors LLC raised its stake in shares of NatWest Group by 2.4% during the first quarter. Aaron Wealth Advisors LLC now owns 35,935 shares of the company's stock valued at $428,000 after acquiring an additional 831 shares during the last quarter. 1.27% of the stock is currently owned by institutional investors and hedge funds.

About NatWest Group

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.