NatWest Group (NYSE:NWG) Now Covered by Kepler Capital Markets

Kepler Capital Markets started coverage on shares of NatWest Group (NYSE:NWG) in a report issued on Thursday morning, Marketbeat reports. The firm issued a buy rating on the stock.

Separately, UBS Group raised NatWest Group to a strong-buy rating in a report on Tuesday, July 30th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of Moderate Buy.

NatWest Group Trading Down 4.1 %

NYSE NWG opened at $8.67 on Thursday. The firm has a market cap of $36.10 billion, a PE ratio of 7.05, a price-to-earnings-growth ratio of 2.06 and a beta of 1.33. NatWest Group has a 52 week low of $4.30 and a 52 week high of $9.68. The company has a quick ratio of 1.08, a current ratio of 1.07 and a debt-to-equity ratio of 0.16. The company has a 50 day moving average price of $8.84 and a 200 day moving average price of $7.88.

NatWest Group (NYSE:NWG) last issued its quarterly earnings data on Friday, July 26th. The company reported $0.35 EPS for the quarter. The business had revenue of $4.62 billion for the quarter. As a group, sell-side analysts forecast that NatWest Group will post 1.05 EPS for the current fiscal year.

NatWest Group Increases Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 9th will be issued a dividend of $0.1543 per share. The ex-dividend date is Friday, August 9th. This is a positive change from NatWest Group’s previous semi-annual dividend of $0.14. This represents a dividend yield of 4.3%. NatWest Group’s payout ratio is 25.20%.

Hedge Funds Weigh In On NatWest Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Truist Financial Corp increased its holdings in shares of NatWest Group by 20.1% in the fourth quarter. Truist Financial Corp now owns 46,164 shares of the company’s stock valued at $260,000 after purchasing an additional 7,727 shares during the period. Johnson Investment Counsel Inc. acquired a new position in NatWest Group in the 4th quarter worth approximately $58,000. Jump Financial LLC purchased a new position in NatWest Group during the 4th quarter worth approximately $129,000. Dimensional Fund Advisors LP lifted its stake in NatWest Group by 6.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,632,743 shares of the company’s stock valued at $37,347,000 after acquiring an additional 418,878 shares during the period. Finally, Forum Financial Management LP boosted its holdings in shares of NatWest Group by 21.2% in the 4th quarter. Forum Financial Management LP now owns 20,954 shares of the company’s stock valued at $118,000 after acquiring an additional 3,662 shares during the last quarter. Hedge funds and other institutional investors own 1.27% of the company’s stock.

NatWest Group Company Profile

NatWest Group plc, together with its subsidiaries, provides banking and financial products and services to personal, commercial, corporate, and institutional customers in the United Kingdom and internationally. It operates through Retail Banking, Private Banking, and Commercial & Institutional segments.