NatWest Group plc (NYSE:NWG) Given Consensus Rating of “Hold” by Brokerages

NatWest Group plc (NYSE:NWG) has earned an average recommendation of “Hold” from the six ratings firms that are currently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company.

A number of research analysts have commented on NWG shares. Zacks Research lowered shares of NatWest Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 10th. The Goldman Sachs Group reaffirmed a “neutral” rating on shares of NatWest Group in a report on Thursday, December 4th. BNP Paribas Exane cut shares of NatWest Group from a “neutral” rating to an “underperform” rating in a report on Friday, September 5th. BNP Paribas lowered shares of NatWest Group from a “hold” rating to a “strong sell” rating in a research report on Friday, September 5th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of NatWest Group in a report on Wednesday, October 8th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of NWG. Graham Capital Management L.P. purchased a new stake in shares of NatWest Group in the first quarter worth approximately $1,053,000. Summit Global Investments lifted its position in shares of NatWest Group by 108.3% during the second quarter. Summit Global Investments now owns 87,057 shares of the company’s stock worth $1,232,000 after purchasing an additional 45,266 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of NatWest Group by 21.0% during the second quarter. American Century Companies Inc. now owns 1,550,715 shares of the company’s stock valued at $21,943,000 after purchasing an additional 268,787 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of NatWest Group by 62.3% in the second quarter. JPMorgan Chase & Co. now owns 1,621,691 shares of the company’s stock worth $22,947,000 after purchasing an additional 622,331 shares during the last quarter. Finally, QRG Capital Management Inc. grew its holdings in shares of NatWest Group by 9.2% in the second quarter. QRG Capital Management Inc. now owns 701,106 shares of the company’s stock worth $9,921,000 after purchasing an additional 59,121 shares during the last quarter. 1.27% of the stock is owned by institutional investors and hedge funds.

NatWest Group Stock Performance

NYSE:NWG opened at $17.48 on Tuesday. NatWest Group has a 52 week low of $9.16 and a 52 week high of $17.49. The company has a market cap of $70.03 billion, a price-to-earnings ratio of 10.16, a price-to-earnings-growth ratio of 0.76 and a beta of 1.00. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.14. The company has a fifty day simple moving average of $15.89 and a two-hundred day simple moving average of $14.75.

NatWest Group (NYSE:NWG) last announced its quarterly earnings data on Friday, October 24th. The company reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.03. NatWest Group had a net margin of 18.18% and a return on equity of 12.77%. The business had revenue of $5.82 billion for the quarter, compared to analyst estimates of $5.63 billion. As a group, equities analysts anticipate that NatWest Group will post 1.35 earnings per share for the current fiscal year.

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.