NatWest Group plc (NYSE:NWG) Given Average Recommendation of "Buy" by Brokerages

NatWest Group plc (NYSE:NWG - Get Free Report) has received a consensus recommendation of "Buy" from the six brokerages that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company.

Separately, Citigroup reissued a "buy" rating on shares of NatWest Group in a research report on Monday, April 28th.

NatWest Group Trading Up 0.6%

Shares of NatWest Group stock traded up $0.08 during trading on Monday, reaching $13.63. 4,178,604 shares of the stock were exchanged, compared to its average volume of 3,816,615. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.17. The firm has a market cap of $55.14 billion, a price-to-earnings ratio of 9.15, a price-to-earnings-growth ratio of 0.79 and a beta of 1.01. NatWest Group has a 1 year low of $8.08 and a 1 year high of $14.55. The stock's fifty day moving average is $13.78 and its 200 day moving average is $12.15.

NatWest Group (NYSE:NWG - Get Free Report) last issued its quarterly earnings data on Friday, May 2nd. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.34 by $0.05. The company had revenue of $5.30 billion during the quarter, compared to analysts' expectations of $3.80 billion. As a group, equities research analysts expect that NatWest Group will post 1.35 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Raymond James Financial Inc. purchased a new stake in shares of NatWest Group during the 4th quarter valued at about $27,339,000. Millennium Management LLC lifted its holdings in shares of NatWest Group by 364.3% during the 1st quarter. Millennium Management LLC now owns 2,938,011 shares of the company's stock valued at $35,021,000 after buying an additional 2,305,175 shares during the period. Natixis Advisors LLC boosted its stake in shares of NatWest Group by 11.8% in the 1st quarter. Natixis Advisors LLC now owns 12,429,659 shares of the company's stock worth $148,162,000 after buying an additional 1,311,476 shares during the last quarter. Northern Trust Corp grew its holdings in shares of NatWest Group by 45.6% in the fourth quarter. Northern Trust Corp now owns 3,243,078 shares of the company's stock worth $32,982,000 after acquiring an additional 1,014,926 shares during the period. Finally, Bank of America Corp DE increased its position in NatWest Group by 25.1% during the fourth quarter. Bank of America Corp DE now owns 4,712,296 shares of the company's stock valued at $47,924,000 after acquiring an additional 944,464 shares during the last quarter. Hedge funds and other institutional investors own 1.27% of the company's stock.

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.