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

NatWest Group plc (NYSE:NWG - Get Free Report) has been assigned an average rating of "Hold" from the six ratings firms that are currently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, one has given a hold recommendation and three have assigned a buy recommendation to the company.

A number of research firms have recently issued reports on NWG. Weiss Ratings restated a "buy (b)" rating on shares of NatWest Group in a research report on Wednesday. BNP Paribas cut shares of NatWest Group from a "hold" rating to a "strong sell" rating in a report on Friday, September 5th. Zacks Research lowered NatWest Group from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 18th. Finally, BNP Paribas Exane lowered NatWest Group from a "neutral" rating to an "underperform" rating in a research report on Friday, September 5th.

NatWest Group Stock Up 1.9%

Shares of NatWest Group stock opened at $14.75 on Thursday. The stock has a market cap of $59.55 billion, a price-to-earnings ratio of 9.52, a price-to-earnings-growth ratio of 0.82 and a beta of 1.05. NatWest Group has a twelve month low of $9.16 and a twelve month high of $15.52. The company has a fifty day moving average price of $14.39 and a 200 day moving average price of $13.61. The company has a current ratio of 1.05, a quick ratio of 1.06 and a debt-to-equity ratio of 0.14.

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 for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $4.06 billion. Equities research analysts forecast that NatWest Group will post 1.35 earnings per share for the current fiscal year.

NatWest Group Cuts Dividend

The business also recently announced a semi-annual dividend, which was paid on Friday, September 12th. Shareholders of record on Friday, August 8th were paid a $0.255 dividend. This represents a yield of 390.0%. The ex-dividend date was Friday, August 8th. NatWest Group's dividend payout ratio (DPR) is presently 32.26%.

Institutional Trading of NatWest Group

Hedge funds have recently bought and sold shares of the company. L1 Capital Pty Ltd bought a new stake in shares of NatWest Group during the second quarter valued at approximately $146,913,000. Fisher Asset Management LLC raised its stake 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 acquiring an additional 4,355,850 shares in the last quarter. Millennium Management LLC raised its stake in 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 acquiring an additional 2,305,175 shares in the last quarter. Natixis Advisors LLC raised 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 in the last quarter. Finally, Qube Research & Technologies Ltd raised its stake in NatWest Group by 318.3% during the 2nd quarter. Qube Research & Technologies Ltd now owns 970,769 shares of the company's stock valued at $13,736,000 after acquiring an additional 738,671 shares in the last quarter. 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.

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