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

Shares of NatWest Group plc (NYSE:NWG) have been given an average recommendation of “Buy” by the five research firms that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company.

Separately, BNP Paribas downgraded shares of NatWest Group from an “outperform” rating to a “neutral” rating in a report on Tuesday, March 4th.

Institutional Investors Weigh In On NatWest Group

A number of institutional investors have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC lifted its position in shares of NatWest Group by 70.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 21,619 shares of the company’s stock valued at $202,000 after buying an additional 8,923 shares in the last quarter. Private Advisor Group LLC boosted its position in NatWest Group by 13.3% in the 3rd quarter. Private Advisor Group LLC now owns 52,869 shares of the company’s stock valued at $495,000 after buying an additional 6,199 shares during the period. US Bancorp DE raised its holdings in shares of NatWest Group by 352.4% in the 3rd quarter. US Bancorp DE now owns 567,421 shares of the company’s stock valued at $5,311,000 after purchasing an additional 442,002 shares in the last quarter. Optas LLC bought a new position in NatWest Group in the third quarter worth about $100,000. Finally, QRG Capital Management Inc. raised its position in shares of NatWest Group by 78.8% in the 3rd quarter. QRG Capital Management Inc. now owns 329,582 shares of the company’s stock valued at $3,085,000 after purchasing an additional 145,295 shares during the last quarter. 1.27% of the stock is owned by hedge funds and other institutional investors.

NatWest Group Stock Performance

NYSE NWG opened at $11.47 on Tuesday. The company has a fifty day simple moving average of $10.88 and a 200 day simple moving average of $10.09. NatWest Group has a 12-month low of $6.17 and a 12-month high of $12.65. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.16. The company has a market cap of $46.17 billion, a P/E ratio of 8.43, a PEG ratio of 0.85 and a beta of 1.22.

NatWest Group (NYSE:NWG) last posted its quarterly earnings data on Friday, February 14th. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.11. The firm had revenue of $4.90 billion for the quarter, compared to analysts’ expectations of $3.75 billion. Sell-side analysts predict that NatWest Group will post 1.35 earnings per share for the current fiscal year.

NatWest Group Increases Dividend

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

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.