NatWest Group (NYSE:NWG) Stock Rating Lowered by Wall Street Zen

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

Other equities analysts have also issued reports about the stock. BNP Paribas Exane upgraded shares of NatWest Group from a “hold” rating to a “strong-buy” rating in a report on Monday, May 11th. Berenberg Bank initiated coverage on shares of NatWest Group in a report on Wednesday. They issued a “buy” rating for the company. Weiss Ratings lowered NatWest Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 4th. Zacks Research cut NatWest Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Finally, Keefe, Bruyette & Woods cut NatWest Group from a “moderate buy” rating to a “hold” rating in a research note on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, NatWest Group currently has an average rating of “Moderate Buy”.

NatWest Group Stock Down 0.8%

Shares of NWG opened at $17.21 on Friday. The company’s 50-day moving average price is $16.04 and its 200 day moving average price is $16.45. NatWest Group has a 12-month low of $12.91 and a 12-month high of $19.35. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.15. The firm has a market cap of $68.63 billion, a P/E ratio of 9.16, a price-to-earnings-growth ratio of 0.93 and a beta of 0.93.

NatWest Group (NYSE:NWG) last announced its earnings results on Friday, May 1st. The company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.04. NatWest Group had a net margin of 19.11% and a return on equity of 13.30%. The company had revenue of $5.59 billion during the quarter, compared to analyst estimates of $5.80 billion. On average, sell-side analysts forecast that NatWest Group will post 1.97 earnings per share for the current year.

Institutional Investors Weigh In On NatWest Group

A number of hedge funds have recently added to or reduced their stakes in NWG. Larson Financial Group LLC raised its holdings in shares of NatWest Group by 427.7% in the 3rd quarter. Larson Financial Group LLC now owns 1,831 shares of the company’s stock valued at $26,000 after purchasing an additional 1,484 shares in the last quarter. American National Bank & Trust acquired a new position in shares of NatWest Group during the fourth quarter worth $31,000. Rachor Investment Advisory Services LLC purchased a new position in NatWest Group in the fourth quarter valued at $34,000. Caitong International Asset Management Co. Ltd increased its holdings 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 buying an additional 1,394 shares during the last quarter. Finally, Allworth Financial LP raised its stake in NatWest Group by 186.8% in the third quarter. Allworth Financial LP now owns 2,739 shares of the company’s stock valued at $39,000 after buying an additional 1,784 shares in the last quarter. 1.27% of the stock is currently owned by institutional investors and hedge funds.

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.