NatWest Group (NYSE:NWG) Upgraded at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods upgraded shares of NatWest Group (NYSE:NWG) from a hold rating to a moderate buy rating in a research note issued to investors on Friday morning,Zacks.com reports.

Other equities research analysts have also recently issued reports about the stock. Weiss Ratings cut shares of NatWest Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 4th. Wall Street Zen lowered shares of NatWest Group from a “buy” rating to a “hold” rating in a research report on Saturday, June 27th. BNP Paribas Exane upgraded shares of NatWest Group from a “hold” rating to a “strong-buy” rating in a report on Monday, May 11th. Zacks Research lowered shares of NatWest Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Finally, Berenberg Bank initiated coverage on NatWest Group in a report on Wednesday, June 24th. They set a “buy” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

NatWest Group Stock Performance

Shares of NYSE:NWG opened at $17.95 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.04 and a quick ratio of 1.04. The business’s 50 day moving average price is $16.62 and its 200-day moving average price is $16.52. The firm has a market capitalization of $71.51 billion, a PE ratio of 9.55, a P/E/G ratio of 0.92 and a beta of 0.92. NatWest Group has a 1 year low of $13.30 and a 1 year high of $19.35.

NatWest Group (NYSE:NWG) last posted its quarterly earnings data on Friday, May 1st. The company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.44 by $0.04. The firm had revenue of $5.59 billion during the quarter, compared to the consensus estimate of $5.80 billion. NatWest Group had a return on equity of 13.30% and a net margin of 19.11%. As a group, equities research analysts expect that NatWest Group will post 1.94 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Gradient Investments LLC increased its position in NatWest Group by 5.8% during the second quarter. Gradient Investments LLC now owns 349,922 shares of the company’s stock worth $6,169,000 after purchasing an additional 19,103 shares during the last quarter. Trust Point Inc. boosted its holdings in NatWest Group by 5.8% in the 2nd quarter. Trust Point Inc. now owns 14,990 shares of the company’s stock valued at $264,000 after purchasing an additional 824 shares during the last quarter. 55 North Private Wealth LLC purchased a new stake in shares of NatWest Group in the 2nd quarter valued at approximately $246,000. Baron Wealth Management LLC increased its holdings in shares of NatWest Group by 14.8% during the 2nd quarter. Baron Wealth Management LLC now owns 55,179 shares of the company’s stock worth $973,000 after buying an additional 7,121 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of NatWest Group by 15.9% during the 2nd quarter. GAMMA Investing LLC now owns 23,356 shares of the company’s stock worth $412,000 after buying an additional 3,210 shares during 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.