NatWest Group (NYSE:NWG) Earns Equal Weight Rating from Barclays

NatWest Group (NYSE:NWG)‘s stock had its “equal weight” rating reiterated by investment analysts at Barclays in a report issued on Wednesday, Marketbeat Ratings reports.

Other research analysts also recently issued research reports about the stock. The Goldman Sachs Group reiterated a “neutral” rating on shares of NatWest Group in a report on Thursday, December 4th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of NatWest Group in a research report on Wednesday, October 8th. Finally, Zacks Research cut NatWest Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 10th. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

NatWest Group Stock Up 2.5%

Shares of NWG stock opened at $17.47 on Wednesday. The stock’s 50 day simple moving average is $16.59 and its 200 day simple moving average is $15.06. NatWest Group has a twelve month low of $9.16 and a twelve month high of $18.19. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.05 and a current ratio of 1.05. The company has a market capitalization of $69.99 billion, a price-to-earnings ratio of 10.15, a PEG ratio of 0.68 and a beta of 0.99.

NatWest Group (NYSE:NWG) last announced its earnings results on Friday, October 24th. The company reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.03. NatWest Group had a return on equity of 12.77% and a net margin of 18.18%.The firm had revenue of $5.82 billion during the quarter, compared to analysts’ expectations of $5.63 billion. As a group, research analysts predict that NatWest Group will post 1.35 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in NWG. AQR Capital Management LLC grew its position in NatWest Group by 47.0% during the first quarter. AQR Capital Management LLC now owns 281,646 shares of the company’s stock worth $3,357,000 after buying an additional 90,057 shares in the last quarter. Millennium Management LLC raised its holdings in NatWest Group by 364.3% in the 1st quarter. Millennium Management LLC now owns 2,938,011 shares of the company’s stock valued at $35,021,000 after acquiring an additional 2,305,175 shares in the last quarter. NewEdge Advisors LLC lifted its position in shares of NatWest Group by 14,445.1% in the 1st quarter. NewEdge Advisors LLC now owns 14,836 shares of the company’s stock worth $177,000 after acquiring an additional 14,734 shares during the period. Goldman Sachs Group Inc. grew its holdings in shares of NatWest Group by 7.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 6,474,908 shares of the company’s stock worth $77,181,000 after purchasing an additional 455,538 shares in the last quarter. Finally, Ascent Group LLC grew its holdings in shares of NatWest Group by 11.4% during the 1st quarter. Ascent Group LLC now owns 19,891 shares of the company’s stock worth $237,000 after purchasing an additional 2,029 shares in the last quarter. Institutional investors and hedge funds own 1.27% of the company’s stock.

About NatWest Group

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.