UBS Group Upgrades NatWest Group (NYSE:NWG) to Strong-Buy

UBS Group upgraded shares of NatWest Group (NYSE:NWG) to a strong-buy rating in a research note released on Tuesday morning, Zacks.com reports.

NatWest Group Trading Down 5.0 %

Shares of NWG stock opened at $8.42 on Tuesday. The stock has a fifty day moving average of $8.42 and a two-hundred day moving average of $7.27. The firm has a market capitalization of $35.03 billion, a PE ratio of 7.88, a price-to-earnings-growth ratio of 2.13 and a beta of 1.35. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.08 and a current ratio of 1.07. NatWest Group has a 1 year low of $4.30 and a 1 year high of $9.68.

NatWest Group Increases Dividend

The business also recently announced a semi-annual dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 9th will be issued a $0.1543 dividend. This represents a dividend yield of 4.3%. This is a boost from NatWest Group’s previous semi-annual dividend of $0.14. The ex-dividend date is Friday, August 9th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of NWG. Sequoia Financial Advisors LLC lifted its holdings in shares of NatWest Group by 320.0% during the 4th quarter. Sequoia Financial Advisors LLC now owns 120,003 shares of the company’s stock valued at $676,000 after buying an additional 91,434 shares during the last quarter. &PARTNERS acquired a new stake in NatWest Group during the first quarter worth $77,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of NatWest Group during the 1st quarter valued at about $44,000. Envestnet Portfolio Solutions Inc. raised its holdings in shares of NatWest Group by 43.7% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 28,263 shares of the company’s stock worth $192,000 after buying an additional 8,595 shares in the last quarter. Finally, Brandes Investment Partners LP boosted its stake in shares of NatWest Group by 44.4% in the 4th quarter. Brandes Investment Partners LP now owns 1,306,605 shares of the company’s stock valued at $7,356,000 after purchasing an additional 401,868 shares in the last quarter. Hedge funds and other institutional investors own 1.27% of the company’s stock.

About NatWest Group

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.