NatWest Group plc (NYSE:NWG) Receives Consensus Rating of "Hold" from Brokerages

Key Points

• Shares of NatWest Group were given a consensus rating of "Hold" by seven brokerages (five hold, two buy), with recent analyst moves including downgrades from Keefe, Bruyette & Woods and Zacks and a reaffirmed buy from Weiss Ratings.
• NatWest posted a quarterly EPS beat of $0.46 versus $0.38 and revenue of $5.74 billion (vs. $5.59B expected), and the firm declared a dividend of $0.621 per share payable May 5 (ex-dividend March 20).

Shares of NatWest Group plc (NYSE:NWG - Get Free Report) have been assigned a consensus rating of "Hold" from the seven brokerages that are presently covering the firm, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company.

Several equities research analysts recently commented on the company. Barclays reissued an "equal weight" rating on shares of NatWest Group in a research note on Wednesday, January 7th. Keefe, Bruyette & Woods cut NatWest Group from a "moderate buy" rating to a "hold" rating in a research report on Monday, April 20th. BNP Paribas Exane raised NatWest Group from a "strong sell" rating to a "hold" rating in a research report on Friday, February 27th. Zacks Research cut NatWest Group from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 13th. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of NatWest Group in a research report on Tuesday, April 21st.

NatWest Group Trading Down 0.1%

Shares of NYSE NWG opened at $15.74 on Monday. The stock has a market cap of $62.81 billion, a price-to-earnings ratio of 8.79, a PEG ratio of 0.88 and a beta of 0.96. The business has a 50 day simple moving average of $15.83 and a 200 day simple moving average of $16.31. NatWest Group has a 52 week low of $12.61 and a 52 week high of $19.35. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.04 and a current ratio of 1.04.

NatWest Group (NYSE:NWG - Get Free Report) last announced its quarterly earnings results on Thursday, February 12th. The company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.38 by $0.08. The business had revenue of $5.74 billion during the quarter, compared to analysts' expectations of $5.59 billion. NatWest Group had a return on equity of 13.05% and a net margin of 18.59%. On average, research analysts predict that NatWest Group will post 1.94 earnings per share for the current fiscal year.

NatWest Group Announces Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, May 5th. Stockholders of record on Friday, March 20th will be issued a dividend of $0.621 per share. The ex-dividend date is Friday, March 20th. This represents a dividend yield of 895.0%. NatWest Group's payout ratio is 67.60%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Bank of Montreal Can grew its position in NatWest Group by 136.0% during the third quarter. Bank of Montreal Can now owns 3,273,212 shares of the company's stock worth $46,316,000 after buying an additional 1,886,141 shares in the last quarter. Fisher Asset Management LLC lifted its position in NatWest Group by 4.5% in the third quarter. Fisher Asset Management LLC now owns 39,234,322 shares of the company's stock worth $555,166,000 after purchasing an additional 1,702,930 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new position in NatWest Group in the third quarter worth $16,650,000. Morgan Stanley lifted its position in NatWest Group by 10.0% in the fourth quarter. Morgan Stanley now owns 11,061,146 shares of the company's stock worth $193,570,000 after purchasing an additional 1,009,044 shares during the period. Finally, Citadel Advisors LLC lifted its position in NatWest Group by 150.7% in the third quarter. Citadel Advisors LLC now owns 1,612,872 shares of the company's stock worth $22,822,000 after purchasing an additional 969,546 shares during the period. Institutional investors and hedge funds own 1.27% of the company's stock.

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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