NatWest Group (NYSE:NWG) Downgraded by Keefe, Bruyette & Woods to “Hold”

Keefe, Bruyette & Woods cut shares of NatWest Group (NYSE:NWG) from a moderate buy rating to a hold rating in a research report sent to investors on Monday morning,Zacks.com reports.

NWG has been the topic of a number of other reports. Weiss Ratings reissued a “buy (b)” rating on shares of NatWest Group in a research note on Thursday, January 22nd. Barclays reissued an “equal weight” rating on shares of NatWest Group in a research note on Wednesday, January 7th. Zacks Research lowered shares of NatWest Group from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Finally, BNP Paribas Exane upgraded shares of NatWest Group from a “strong sell” rating to a “hold” rating in a report on Friday, February 27th. Two investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold”.

NatWest Group Stock Performance

Shares of NWG stock opened at $16.52 on Monday. The business’s 50-day moving average price is $15.88 and its 200-day moving average price is $16.28. NatWest Group has a 12 month low of $12.05 and a 12 month high of $19.35. The firm has a market capitalization of $65.91 billion, a price-to-earnings ratio of 9.23, a PEG ratio of 0.94 and a beta of 0.96. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.14.

NatWest Group (NYSE:NWG) last announced its quarterly earnings results on Thursday, February 12th. The company reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.08. NatWest Group had a return on equity of 13.05% and a net margin of 18.59%.The firm had revenue of $5.74 billion for the quarter, compared to analyst estimates of $5.59 billion. Equities research analysts forecast that NatWest Group will post 1.94 EPS for the current year.

NatWest Group Announces Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, May 5th. Investors of record on Friday, March 20th will be paid a $0.621 dividend. This represents a dividend yield of 895.0%. The ex-dividend date of this dividend is Friday, March 20th. NatWest Group’s payout ratio is currently 67.60%.

Hedge Funds Weigh In On NatWest Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Wealthstar Advisors LLC raised its holdings in NatWest Group by 1.5% during the 4th quarter. Wealthstar Advisors LLC now owns 40,576 shares of the company’s stock worth $710,000 after purchasing an additional 595 shares during the last quarter. Steward Partners Investment Advisory LLC raised its holdings in NatWest Group by 17.5% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,667 shares of the company’s stock worth $82,000 after purchasing an additional 695 shares during the last quarter. Evergreen Capital Management LLC raised its holdings in NatWest Group by 2.4% during the 2nd quarter. Evergreen Capital Management LLC now owns 29,272 shares of the company’s stock worth $414,000 after purchasing an additional 697 shares during the last quarter. Signaturefd LLC raised its holdings in NatWest Group by 1.1% during the 3rd quarter. Signaturefd LLC now owns 63,621 shares of the company’s stock worth $900,000 after purchasing an additional 702 shares during the last quarter. Finally, Vise Technologies Inc. raised its holdings in NatWest Group by 1.6% during the 3rd quarter. Vise Technologies Inc. now owns 46,783 shares of the company’s stock worth $662,000 after purchasing an additional 733 shares during the last quarter. 1.27% of the stock is owned by institutional investors and hedge funds.

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.