NatWest Group (NYSE:NWG) Upgraded to Buy at Wall Street Zen

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

NWG has been the topic of several other research reports. Weiss Ratings cut shares of NatWest Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 4th. Zacks Research cut shares of NatWest Group from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Keefe, Bruyette & Woods cut shares of NatWest Group from a “moderate buy” rating to a “hold” rating in a report on Monday, April 20th. Finally, BNP Paribas Exane raised NatWest Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

NatWest Group Trading Up 2.1%

NWG stock opened at $16.57 on Friday. The company has a market capitalization of $66.04 billion, a PE ratio of 8.81, a price-to-earnings-growth ratio of 0.88 and a beta of 0.93. NatWest Group has a one year low of $12.91 and a one year high of $19.35. The company’s 50 day moving average price is $15.87 and its two-hundred day moving average price is $16.41. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.04 and a current ratio of 1.04.

NatWest Group (NYSE:NWG) last posted its quarterly earnings results on Friday, May 1st. The company reported $0.48 EPS 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 firm had revenue of $5.59 billion for the quarter, compared to the consensus estimate of $5.80 billion. As a group, analysts predict that NatWest Group will post 1.97 earnings per share for the current fiscal year.

Institutional Investors Weigh In On NatWest Group

Large investors have recently made changes to their positions in the company. Chase Investment Counsel Corp purchased a new stake in NatWest Group in the 3rd quarter worth approximately $3,579,000. Tudor Investment Corp ET AL bought a new position in NatWest Group in the 3rd quarter worth approximately $6,969,000. Natixis Advisors LLC boosted its stake in NatWest Group by 7.1% in the 3rd quarter. Natixis Advisors LLC now owns 12,905,394 shares of the company’s stock worth $182,611,000 after purchasing an additional 851,997 shares during the period. Capital International Investors raised its holdings in shares of NatWest Group by 1.2% during the 3rd quarter. Capital International Investors now owns 13,531,451 shares of the company’s stock worth $188,764,000 after acquiring an additional 156,832 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of NatWest Group by 10.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,784,004 shares of the company’s stock worth $25,244,000 after acquiring an additional 162,313 shares in the last quarter. 1.27% of the stock is currently owned by institutional investors.

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.