NatWest Group plc (NYSE:NWG - Get Free Report)'s share price gapped up before the market opened on Friday . The stock had previously closed at $14.28, but opened at $14.84. NatWest Group shares last traded at $14.75, with a volume of 340,424 shares changing hands.
Wall Street Analysts Forecast Growth
A number of research analysts have issued reports on NWG shares. Zacks Research downgraded shares of NatWest Group from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 18th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of NatWest Group in a research report on Saturday, September 27th. BNP Paribas Exane downgraded shares of NatWest Group from a "neutral" rating to an "underperform" rating in a research report on Friday, September 5th. Finally, BNP Paribas downgraded shares of NatWest Group from a "hold" rating to a "strong sell" rating in a research report on Friday, September 5th. Four equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold".
Read Our Latest Research Report on NWG
NatWest Group Stock Up 4.3%
The stock's 50-day moving average price is $14.34 and its two-hundred day moving average price is $13.54. The stock has a market capitalization of $60.14 billion, a PE ratio of 9.61, a P/E/G ratio of 0.81 and a beta of 1.05. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.06 and a current ratio of 1.05.
NatWest Group (NYSE:NWG - Get Free Report) last announced its quarterly earnings data on Friday, July 25th. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.37 by $0.04. NatWest Group had a net margin of 16.84% and a return on equity of 11.99%. The company had revenue of $5.42 billion for the quarter, compared to the consensus estimate of $4.06 billion. As a group, analysts expect that NatWest Group plc will post 1.35 EPS for the current fiscal year.
NatWest Group Cuts Dividend
The company also recently disclosed a semi-annual dividend, which was paid on Friday, September 12th. Investors of record on Friday, August 8th were given a dividend of $0.255 per share. This represents a yield of 390.0%. The ex-dividend date of this dividend was Friday, August 8th. NatWest Group's dividend payout ratio is 32.26%.
Institutional Trading of NatWest Group
Several institutional investors have recently bought and sold shares of the company. Fisher Asset Management LLC grew its position in NatWest Group by 13.1% during the 2nd quarter. Fisher Asset Management LLC now owns 37,531,392 shares of the company's stock valued at $531,069,000 after purchasing an additional 4,355,850 shares during the last quarter. Natixis Advisors LLC lifted its stake in NatWest Group by 11.8% during the 1st quarter. Natixis Advisors LLC now owns 12,429,659 shares of the company's stock valued at $148,162,000 after acquiring an additional 1,311,476 shares during the period. L1 Capital Pty Ltd bought a new position in NatWest Group during the 2nd quarter valued at about $146,913,000. Goldman Sachs Group Inc. lifted its stake in NatWest Group by 7.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 6,474,908 shares of the company's stock valued at $77,181,000 after acquiring an additional 455,538 shares during the period. Finally, Bank of America Corp DE lifted its stake in NatWest Group by 4.4% during the 2nd quarter. Bank of America Corp DE now owns 5,554,910 shares of the company's stock valued at $78,602,000 after acquiring an additional 231,732 shares during the period. 1.27% of the stock is owned by hedge funds and other institutional investors.
About NatWest Group
(
Get Free Report)
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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