NatWest Group (NYSE:NWG) Downgraded to Hold Rating by Wall Street Zen

Wall Street Zen cut shares of NatWest Group (NYSE:NWG) from a buy rating to a hold rating in a research note released on Sunday morning.

NWG has been the topic of a number of other reports. Zacks Research lowered shares of NatWest Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Keefe, Bruyette & Woods upgraded shares of NatWest Group from a “hold” rating to a “moderate buy” rating in a research report on Friday, July 17th. BNP Paribas Exane raised NatWest Group from a “hold” rating to a “strong-buy” rating in a report on Monday, May 11th. Weiss Ratings reiterated a “buy (b-)” rating on shares of NatWest Group in a research report on Friday, July 31st. Finally, Berenberg Bank started coverage on NatWest Group in a research note on Wednesday, June 24th. They set a “buy” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

NatWest Group Stock Performance

NYSE:NWG opened at $19.18 on Friday. The firm’s fifty day moving average price is $17.48 and its 200 day moving average price is $16.63. NatWest Group has a 1-year low of $13.56 and a 1-year high of $19.42. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.03 and a quick ratio of 1.04. The firm has a market cap of $76.44 billion, a price-to-earnings ratio of 9.54, a price-to-earnings-growth ratio of 0.97 and a beta of 0.92.

NatWest Group (NYSE:NWG) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.09. NatWest Group had a net margin of 20.10% and a return on equity of 14.01%. The company had revenue of $5.89 billion during the quarter, compared to the consensus estimate of $5.90 billion. On average, sell-side analysts expect that NatWest Group will post 1.97 EPS for the current year.

NatWest Group Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, September 18th. Investors of record on Friday, August 14th will be issued a dividend of $0.3222 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a yield of 340.0%. NatWest Group’s payout ratio is currently 60.20%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Larson Financial Group LLC boosted its stake in shares of NatWest Group by 427.7% during the 3rd quarter. Larson Financial Group LLC now owns 1,831 shares of the company’s stock worth $26,000 after acquiring an additional 1,484 shares in the last quarter. Rachor Investment Advisory Services LLC purchased a new position in NatWest Group in the 4th quarter valued at approximately $34,000. Caitong International Asset Management Co. Ltd raised its holdings in NatWest Group by 173.6% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,197 shares of the company’s stock worth $38,000 after purchasing an additional 1,394 shares during the last quarter. IFP Advisors Inc boosted its position in NatWest Group by 101.7% during the fourth quarter. IFP Advisors Inc now owns 2,259 shares of the company’s stock worth $40,000 after purchasing an additional 1,139 shares in the last quarter. Finally, Geneos Wealth Management Inc. boosted its position in NatWest Group by 35.2% during the first quarter. Geneos Wealth Management Inc. now owns 4,594 shares of the company’s stock worth $55,000 after purchasing an additional 1,195 shares in the last quarter. 1.27% of the stock is owned by hedge funds and other institutional investors.

NatWest Group Company Profile

NatWest Group plc is a major UK-based banking and financial services group headquartered in Edinburgh, Scotland. The company traces its roots to the Royal Bank of Scotland, founded in 1727, and adopted the NatWest Group name in 2020 as part of a strategic refocus on its NatWest brand. NatWest Group is listed on the London Stock Exchange and also has American depositary shares trading on the New York Stock Exchange under the symbol NWG.

The group provides a broad range of banking services across retail, private, commercial, corporate and institutional segments.