NatWest Group plc (NYSE:NWG) Given Average Recommendation of “Buy” by Brokerages

Shares of NatWest Group plc (NYSE:NWG) have earned an average rating of “Buy” from the five ratings firms that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company.

NWG has been the subject of several recent analyst reports. Keefe, Bruyette & Woods raised shares of NatWest Group from a “hold” rating to a “moderate buy” rating in a research report on Monday, November 4th. BNP Paribas downgraded NatWest Group from an “outperform” rating to a “neutral” rating in a research note on Tuesday.

NatWest Group Trading Up 0.4 %

NatWest Group stock traded up $0.06 during midday trading on Tuesday, hitting $12.35. 4,505,187 shares of the stock were exchanged, compared to its average volume of 2,685,305. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.16. NatWest Group has a 52 week low of $6.17 and a 52 week high of $12.60. The stock has a market capitalization of $49.72 billion, a PE ratio of 9.07, a P/E/G ratio of 0.85 and a beta of 1.30. The company has a fifty day simple moving average of $10.70 and a two-hundred day simple moving average of $9.99.

NatWest Group (NYSE:NWG) last issued its earnings results on Friday, February 14th. The company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.11. The firm had revenue of $4.90 billion for the quarter, compared to analyst estimates of $3.75 billion. Equities research analysts anticipate that NatWest Group will post 1.35 EPS for the current fiscal year.

NatWest Group Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Monday, April 28th. Stockholders of record on Friday, March 14th will be paid a $0.3899 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a dividend yield of 3.8%. This is an increase from NatWest Group’s previous semi-annual dividend of $0.36. NatWest Group’s dividend payout ratio is currently 55.88%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Private Trust Co. NA boosted its position in NatWest Group by 121.3% during the third quarter. Private Trust Co. NA now owns 2,735 shares of the company’s stock valued at $26,000 after acquiring an additional 1,499 shares during the last quarter. Whipplewood Advisors LLC bought a new stake in NatWest Group during the fourth quarter valued at $27,000. Hilltop National Bank bought a new stake in NatWest Group during the fourth quarter valued at $29,000. First Horizon Advisors Inc. boosted its position in NatWest Group by 161.4% during the fourth quarter. First Horizon Advisors Inc. now owns 2,894 shares of the company’s stock valued at $29,000 after acquiring an additional 1,787 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in NatWest Group during the third quarter valued at $33,000. 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.