NatWest Group plc (NYSE:NWG) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Key Points

• NatWest Group plc has an average consensus rating of "Moderate Buy" from six brokerages, with two analysts recommending a hold and four recommending a buy.
• The company's most recent earnings report exceeded analyst expectations, with earnings per share of $0.41 against estimated $0.37, and revenue of $5.42 billion compared to a forecast of $4.06 billion.
• NatWest Group recently declared a semi-annual dividend of $0.255 per share, with a yield of 390.0% and a dividend payout ratio of 32.26%.

NatWest Group plc (NYSE:NWG - Get Free Report) has received an average rating of "Moderate Buy" from the six ratings firms that are currently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company.

A number of brokerages recently commented on NWG. Zacks Research downgraded NatWest Group from a "strong-buy" rating to a "hold" rating in a research report on Monday. Citigroup reaffirmed a "buy" rating on shares of NatWest Group in a research report on Monday, April 28th.

Institutional Trading of NatWest Group

Institutional investors and hedge funds have recently modified their holdings of the business. Dogwood Wealth Management LLC purchased a new stake in NatWest Group in the second quarter worth $26,000. Bessemer Group Inc. increased its position in NatWest Group by 374.5% in the first quarter. Bessemer Group Inc. now owns 2,102 shares of the company's stock worth $25,000 after buying an additional 1,659 shares during the last quarter. Zions Bancorporation National Association UT purchased a new stake in NatWest Group in the first quarter worth $29,000. Pinnacle Bancorp Inc. purchased a new stake in NatWest Group in the first quarter worth $30,000. Finally, Wayfinding Financial LLC purchased a new stake in NatWest Group in the first quarter worth $39,000. 1.27% of the stock is owned by hedge funds and other institutional investors.

NatWest Group Stock Up 1.6%

Shares of NWG stock traded up $0.2350 during trading hours on Wednesday, reaching $15.0550. The company had a trading volume of 1,181,851 shares, compared to its average volume of 4,929,667. NatWest Group has a 12 month low of $8.55 and a 12 month high of $15.17. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.05 and a quick ratio of 1.06. The business has a fifty day simple moving average of $13.93 and a 200-day simple moving average of $12.93. The company has a market cap of $60.95 billion, a price-to-earnings ratio of 9.71, a price-to-earnings-growth ratio of 0.86 and a beta of 1.07.

NatWest Group (NYSE:NWG - Get Free Report) last posted its earnings results 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 return on equity of 11.99% and a net margin of 16.84%.The company had revenue of $5.42 billion for the quarter, compared to analyst estimates of $4.06 billion. On average, research analysts expect that NatWest Group will post 1.35 earnings per share for the current fiscal year.

NatWest Group Cuts Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 8th will be given a dividend of $0.255 per share. This represents a dividend yield of 390.0%. The ex-dividend date of this dividend is Friday, August 8th. NatWest Group's dividend payout ratio (DPR) is presently 32.26%.

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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