Weiss Ratings Reiterates "Buy (B)" Rating for NatWest Group (NYSE:NWG)

Key Points

• Weiss Ratings has reaffirmed a "Buy (B)" rating for NatWest Group (NYSE:NWG), despite mixed reviews from other research firms.
• NatWest Group reported $0.53 earnings per share for the last quarter, surpassing the consensus estimate of $0.50.
• Institutional investors have increasingly been acquiring shares, with Bessemer Group raising its holdings by 374.5% in the first quarter.

NatWest Group (NYSE:NWG - Get Free Report)'s stock had its "buy (b)" rating reaffirmed by equities research analysts at Weiss Ratings in a research note issued on Saturday,Weiss Ratings reports.

A number of other research firms also recently weighed in on NWG. BNP Paribas Exane downgraded NatWest Group from a "neutral" rating to an "underperform" rating in a research report on Friday, September 5th. Zacks Research downgraded shares of NatWest Group from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 18th. Finally, BNP Paribas cut shares of NatWest Group from a "hold" rating to a "strong sell" rating in a report on Friday, September 5th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold".

NatWest Group Price Performance

NWG stock opened at $15.35 on Friday. NatWest Group has a 52-week low of $9.16 and a 52-week high of $15.52. The business has a 50-day simple moving average of $14.45 and a two-hundred day simple moving average of $13.87. The company has a market capitalization of $61.74 billion, a P/E ratio of 8.93, a price-to-earnings-growth ratio of 0.78 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 earnings results on Friday, October 24th. The company reported $0.53 earnings per share for the quarter, topping analysts' consensus estimates of $0.50 by $0.03. NatWest Group had a return on equity of 11.99% and a net margin of 16.84%.The firm had revenue of $5.76 billion for the quarter, compared to the consensus estimate of $5.63 billion. Research analysts expect that NatWest Group will post 1.35 EPS for the current fiscal year.

Institutional Investors Weigh In On NatWest Group

Hedge funds and other institutional investors have recently bought and sold shares of the company. Bessemer Group Inc. raised its holdings in shares of 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. Dogwood Wealth Management LLC acquired a new stake in NatWest Group during the second quarter valued at $26,000. Salomon & Ludwin LLC grew its position in NatWest Group by 2,941.7% during the third quarter. Salomon & Ludwin LLC now owns 1,825 shares of the company's stock valued at $27,000 after buying an additional 1,765 shares during the period. Zions Bancorporation National Association UT acquired a new stake in NatWest Group during the first quarter valued at $29,000. Finally, Wayfinding Financial LLC acquired a new stake in NatWest Group during the first quarter valued at $39,000. 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.

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