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 report report published on Monday,Zacks.com reports.

A number of other research firms have also issued reports on NWG. Kepler Capital Markets began coverage on NatWest Group in a research report on Thursday, September 5th. They issued a “buy” rating for the company. Jefferies Financial Group raised NatWest Group from an “underperform” rating to a “buy” rating in a research report on Tuesday, October 15th. The Goldman Sachs Group assumed coverage on NatWest Group in a research report on Friday, October 4th. They set a “buy” rating on the stock. Finally, UBS Group upgraded NatWest Group to a “strong-buy” rating in a research note on Tuesday, July 30th. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, NatWest Group presently has a consensus rating of “Buy”.

NatWest Group Stock Down 0.8 %

NYSE NWG traded down $0.08 on Monday, reaching $9.96. The company had a trading volume of 1,306,138 shares, compared to its average volume of 2,224,146. The firm has a 50-day moving average of $9.29 and a 200-day moving average of $8.70. NatWest Group has a 1 year low of $4.79 and a 1 year high of $10.24. The firm has a market capitalization of $41.36 billion, a PE ratio of 7.52 and a beta of 1.32. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.06 and a quick ratio of 1.06.

Institutional Investors Weigh In On NatWest Group

A number of institutional investors and hedge funds have recently modified their holdings of the business. Natixis Advisors LLC boosted its stake in NatWest Group by 28.4% in the 2nd quarter. Natixis Advisors LLC now owns 9,678,887 shares of the company’s stock worth $77,721,000 after purchasing an additional 2,139,290 shares in the last quarter. Mediolanum International Funds Ltd purchased a new stake in NatWest Group in the third quarter valued at $11,420,000. Raymond James & Associates boosted its stake in NatWest Group by 46.8% during the second quarter. Raymond James & Associates now owns 2,402,184 shares of the company’s stock worth $19,290,000 after buying an additional 765,671 shares during the period. Envestnet Asset Management Inc. raised its stake in shares of NatWest Group by 55.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,759,325 shares of the company’s stock valued at $14,127,000 after acquiring an additional 627,097 shares during the period. Finally, US Bancorp DE lifted its holdings in shares of NatWest Group by 352.4% in the 3rd quarter. US Bancorp DE now owns 567,421 shares of the company’s stock worth $5,311,000 after acquiring an additional 442,002 shares during the last quarter. 1.27% of the stock is owned by institutional investors.

About NatWest Group

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.