NatWest Group plc (NYSE:NWG) Given Consensus Recommendation of “Buy” by Brokerages

Shares of NatWest Group plc (NYSE:NWG) have received an average rating of “Buy” from the five brokerages that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company.

Several brokerages have issued reports on NWG. BNP Paribas cut shares of NatWest Group from an “outperform” rating to a “neutral” rating in a research report on Tuesday, March 4th. Peel Hunt cut NatWest Group from a “strong-buy” rating to a “moderate buy” rating in a research note on Thursday, March 6th.

NatWest Group Trading Down 9.6 %

NYSE NWG opened at $10.72 on Friday. NatWest Group has a twelve month low of $6.75 and a twelve month high of $12.65. The business’s fifty day moving average is $11.58 and its 200 day moving average is $10.46. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.16. The company has a market cap of $43.15 billion, a price-to-earnings ratio of 7.88, a price-to-earnings-growth ratio of 0.85 and a beta of 0.93.

NatWest Group (NYSE:NWG) last released its quarterly earnings results on Friday, February 14th. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.11. The firm had revenue of $4.90 billion for the quarter, compared to the consensus estimate of $3.75 billion. As a group, sell-side analysts expect that NatWest Group will post 1.35 EPS for the current fiscal year.

NatWest Group Increases Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Monday, April 28th. Stockholders of record on Friday, March 14th will be given a $0.3899 dividend. The ex-dividend date is Friday, March 14th. This is a positive change from NatWest Group’s previous semi-annual dividend of $0.36. This represents a dividend yield of 3.8%. NatWest Group’s dividend payout ratio (DPR) is 55.88%.

Hedge Funds Weigh In On NatWest Group

Several institutional investors have recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. boosted its position in shares of NatWest Group by 22.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 245,631 shares of the company’s stock worth $2,299,000 after purchasing an additional 44,422 shares in the last quarter. Cerity Partners LLC raised its stake in NatWest Group by 72.6% during the 3rd quarter. Cerity Partners LLC now owns 84,385 shares of the company’s stock worth $790,000 after buying an additional 35,499 shares during the period. Private Trust Co. NA boosted its holdings in NatWest Group by 121.3% in the third quarter. Private Trust Co. NA now owns 2,735 shares of the company’s stock worth $26,000 after acquiring an additional 1,499 shares in the last quarter. FMR LLC boosted its holdings in NatWest Group by 57.0% in the third quarter. FMR LLC now owns 1,988,329 shares of the company’s stock worth $18,611,000 after acquiring an additional 721,578 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new stake in NatWest Group in the third quarter valued at approximately $572,000. 1.27% of the stock is owned by institutional investors and hedge funds.

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.