NatWest Group (NYSE:NWG) Upgraded at Morgan Stanley

NatWest Group (NYSE:NWG) was upgraded by research analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating in a research note issued to investors on Wednesday, Briefing.com reports.

NWG has been the topic of a number of other reports. Berenberg Bank started coverage on shares of NatWest Group in a report on Wednesday, June 24th. They issued a “buy” rating on the stock. BNP Paribas Exane upgraded shares of NatWest Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 11th. Weiss Ratings raised NatWest Group from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, August 13th. Wall Street Zen lowered NatWest Group from a “buy” rating to a “hold” rating in a report on Sunday, August 9th. Finally, Keefe, Bruyette & Woods upgraded shares of NatWest Group from a “hold” rating to a “moderate buy” rating in a research note on Friday, July 17th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy”.

NatWest Group Trading Up 0.7%

NYSE NWG opened at $18.33 on Wednesday. The firm has a 50 day simple moving average of $18.29 and a 200-day simple moving average of $16.73. The firm has a market cap of $72.95 billion, a price-to-earnings ratio of 9.12, a PEG ratio of 0.94 and a beta of 0.91. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.04 and a current ratio of 1.03. NatWest Group has a one year low of $13.56 and a one year high of $19.42.

NatWest Group (NYSE:NWG) last posted its quarterly earnings data on Thursday, July 30th. The company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.09. The business had revenue of $5.89 billion for the quarter, compared to analyst estimates of $5.90 billion. NatWest Group had a return on equity of 14.01% and a net margin of 20.10%. Equities research analysts anticipate that NatWest Group will post 1.98 EPS for the current fiscal year.

Institutional Trading of NatWest Group

Hedge funds have recently bought and sold shares of the company. Larson Financial Group LLC boosted its holdings in shares of NatWest Group by 427.7% during the third quarter. Larson Financial Group LLC now owns 1,831 shares of the company’s stock worth $26,000 after purchasing an additional 1,484 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its stake in NatWest Group by 173.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,197 shares of the company’s stock valued at $38,000 after purchasing an additional 1,394 shares during the last quarter. IFP Advisors Inc lifted 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 buying an additional 1,139 shares during the period. Atlas Capital Advisors Inc. purchased a new position in NatWest Group during the fourth quarter worth about $56,000. Finally, Manchester Capital Management LLC boosted its stake in NatWest Group by 73.7% in the 4th quarter. Manchester Capital Management LLC now owns 3,546 shares of the company’s stock worth $62,000 after buying an additional 1,504 shares during the last quarter. Institutional investors and hedge funds own 1.27% of the company’s stock.

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.