NatWest Group (NYSE:NWG) Rating Lowered to "Hold" at Wall Street Zen

Key Points

• Wall Street Zen downgraded NatWest Group from “buy” to “hold,” although the broader analyst consensus remains “Moderate Buy,” with ratings including one Strong Buy, three Buys, and three Holds.
• NatWest reported quarterly EPS of $0.54, exceeding the $0.45 consensus estimate, while revenue of $5.89 billion was roughly in line with expectations.
• NWG shares opened at $19.18, near their 12-month high of $19.42; the company had a $76.44 billion market capitalization, a 9.54 price-to-earnings ratio, and institutional investors owned 1.27% of the stock.

NatWest Group (NYSE:NWG - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued on Sunday.

Other research analysts also recently issued research reports about the stock. Berenberg Bank initiated coverage on shares of NatWest Group in a research report on Wednesday, June 24th. They issued a "buy" rating for the company. Zacks Research downgraded shares of NatWest Group from a "strong-buy" rating to a "hold" rating in a report on Monday, April 13th. Keefe, Bruyette & Woods upgraded NatWest Group from a "hold" rating to a "moderate buy" rating in a report on Friday, July 17th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of NatWest Group in a research report on Friday, July 31st. Finally, 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. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy".

NatWest Group Price Performance

Shares of NYSE:NWG opened at $19.18 on Friday. The company has a market cap of $76.44 billion, a PE ratio of 9.54, a price-to-earnings-growth ratio of 0.97 and a beta of 0.92. The company's 50 day moving average is $17.48 and its 200 day moving average is $16.63. NatWest Group has a twelve month low of $13.56 and a twelve month high of $19.42. The company has a current ratio of 1.03, a quick ratio of 1.04 and a debt-to-equity ratio of 0.15.

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 the consensus estimate of $0.45 by $0.09. NatWest Group had a net margin of 20.10% and a return on equity of 14.01%. The company had revenue of $5.89 billion for the quarter, compared to analyst estimates of $5.90 billion. On average, sell-side analysts forecast that NatWest Group will post 1.97 EPS for the current year.

Institutional Trading of NatWest Group

Several hedge funds have recently modified their holdings of NWG. Wealthstar Advisors LLC boosted its holdings in NatWest Group by 1.5% in the fourth quarter. Wealthstar Advisors LLC now owns 40,576 shares of the company's stock valued at $710,000 after purchasing an additional 595 shares during the period. Steward Partners Investment Advisory LLC increased its position in shares of NatWest Group by 17.5% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,667 shares of the company's stock valued at $82,000 after purchasing an additional 695 shares during the last quarter. Evergreen Capital Management LLC raised its holdings in shares of 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 purchasing an additional 697 shares in the last quarter. Vise Technologies Inc. raised its holdings in shares of NatWest Group by 1.6% in the 3rd quarter. Vise Technologies Inc. now owns 46,783 shares of the company's stock valued at $662,000 after purchasing an additional 733 shares in the last quarter. Finally, Arlington Capital Management Inc. lifted its position in shares of NatWest Group by 4.8% during the 1st quarter. Arlington Capital Management Inc. now owns 18,003 shares of the company's stock worth $268,000 after purchasing an additional 823 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 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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