Wall Street Zen Downgrades NatWest Group (NYSE:NWG) to Hold

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

Several other equities research analysts have also issued reports on NWG. Zacks Research lowered shares of NatWest Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Keefe, Bruyette & Woods lowered shares of NatWest Group from a “moderate buy” rating to a “hold” rating in a research report on Monday, April 20th. Weiss Ratings lowered shares of NatWest Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 4th. Finally, BNP Paribas Exane raised shares of NatWest Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, NatWest Group presently has an average rating of “Moderate Buy”.

NatWest Group Stock Performance

NYSE:NWG opened at $15.80 on Friday. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.15. The company has a market cap of $62.96 billion, a P/E ratio of 8.40, a P/E/G ratio of 0.86 and a beta of 0.93. NatWest Group has a fifty-two week low of $12.91 and a fifty-two week high of $19.35. The firm’s 50 day moving average is $15.73 and its two-hundred day moving average is $16.38.

NatWest Group (NYSE:NWG) last posted its quarterly earnings results on Friday, May 1st. The company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $5.80 billion. Analysts expect that NatWest Group will post 1.97 EPS for the current year.

Institutional Investors Weigh In On NatWest Group

Several large investors have recently made changes to their positions in NWG. AQR Capital Management LLC grew its holdings in NatWest Group by 47.0% during the 1st quarter. AQR Capital Management LLC now owns 281,646 shares of the company’s stock valued at $3,357,000 after purchasing an additional 90,057 shares in the last quarter. NewEdge Advisors LLC grew its holdings in NatWest Group by 14,445.1% during the 1st quarter. NewEdge Advisors LLC now owns 14,836 shares of the company’s stock valued at $177,000 after purchasing an additional 14,734 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in NatWest Group by 7.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 6,474,908 shares of the company’s stock valued at $77,181,000 after purchasing an additional 455,538 shares in the last quarter. Jane Street Group LLC acquired a new stake in NatWest Group during the 1st quarter valued at $2,282,000. Finally, Focus Partners Wealth grew its holdings in NatWest Group by 70.6% during the 1st quarter. Focus Partners Wealth now owns 24,251 shares of the company’s stock valued at $290,000 after purchasing an additional 10,034 shares in the last quarter. Institutional investors and hedge funds own 1.27% of the company’s stock.

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.