NatWest Group (NYSE:NWG) Rating Lowered to “Hold” at Wall Street Zen

NatWest Group (NYSE:NWG) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Sunday.

A number of other equities research analysts have also recently commented on NWG. Keefe, Bruyette & Woods raised NatWest Group from a “hold” rating to a “moderate buy” rating in a research note on Friday, July 17th. Berenberg Bank assumed coverage on shares of NatWest Group in a research note on Wednesday, June 24th. They issued a “buy” rating on the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of NatWest Group in a research report on Friday, July 31st. 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. Finally, Zacks Research cut shares of NatWest Group from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, NatWest Group presently has a consensus rating of “Moderate Buy”.

NatWest Group Stock Performance

Shares of NWG opened at $19.14 on Friday. The company has a quick ratio of 1.04, a current ratio of 1.03 and a debt-to-equity ratio of 0.15. The business’s 50 day moving average price is $17.55 and its 200-day moving average price is $16.64. NatWest Group has a 52 week low of $13.56 and a 52 week high of $19.42. The stock has a market cap of $76.27 billion, a P/E ratio of 9.52, a P/E/G ratio of 0.97 and a beta of 0.92.

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, beating analysts’ consensus estimates of $0.45 by $0.09. The company had revenue of $5.89 billion during 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 1.97 earnings per share for the current fiscal year.

Institutional Investors Weigh In On NatWest Group

Several institutional investors have recently modified their holdings of NWG. Fisher Asset Management LLC lifted its stake in NatWest Group by 4.3% during the 4th quarter. Fisher Asset Management LLC now owns 40,912,201 shares of the company’s stock valued at $715,964,000 after acquiring an additional 1,677,879 shares during the period. Natixis Advisors LLC grew its stake in shares of NatWest Group by 3.8% in the fourth quarter. Natixis Advisors LLC now owns 13,399,866 shares of the company’s stock worth $234,498,000 after acquiring an additional 494,472 shares during the period. Morgan Stanley raised its holdings in shares of NatWest Group by 10.0% during the fourth quarter. Morgan Stanley now owns 11,061,146 shares of the company’s stock valued at $193,570,000 after purchasing an additional 1,009,044 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of NatWest Group by 17.8% during the first quarter. Bank of America Corp DE now owns 6,948,264 shares of the company’s stock valued at $103,529,000 after purchasing an additional 1,048,804 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in NatWest Group by 0.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 6,858,522 shares of the company’s stock valued at $120,024,000 after purchasing an additional 18,334 shares during the period. 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.