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

Shares of NatWest Group plc (NYSE:NWG) have earned a consensus recommendation of “Moderate Buy” from the six ratings firms that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company.

Separately, UBS Group raised shares of NatWest Group to a “strong-buy” rating in a research report on Tuesday, July 30th.

Institutional Investors Weigh In On NatWest Group

Several large investors have recently modified their holdings of NWG. &PARTNERS acquired a new position in NatWest Group in the 1st quarter valued at $77,000. QRG Capital Management Inc. increased its stake in shares of NatWest Group by 291.3% during the second quarter. QRG Capital Management Inc. now owns 184,287 shares of the company’s stock worth $1,480,000 after acquiring an additional 137,196 shares during the period. Allspring Global Investments Holdings LLC purchased a new position in NatWest Group during the first quarter worth about $44,000. Envestnet Portfolio Solutions Inc. lifted its position in NatWest Group by 43.7% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 28,263 shares of the company’s stock valued at $192,000 after purchasing an additional 8,595 shares during the period. Finally, Boston Partners boosted its holdings in NatWest Group by 67.4% in the 1st quarter. Boston Partners now owns 282,525 shares of the company’s stock valued at $1,925,000 after purchasing an additional 113,759 shares in the last quarter. Hedge funds and other institutional investors own 1.27% of the company’s stock.

NatWest Group Trading Up 0.7 %

NYSE:NWG opened at $9.22 on Monday. The company has a market capitalization of $38.39 billion, a PE ratio of 7.50, a P/E/G ratio of 2.05 and a beta of 1.35. NatWest Group has a 52-week low of $4.30 and a 52-week high of $9.68. The stock’s 50 day moving average price is $8.76 and its 200 day moving average price is $7.75. The company has a quick ratio of 1.08, a current ratio of 1.07 and a debt-to-equity ratio of 0.16.

NatWest Group (NYSE:NWG) last posted its quarterly earnings data on Friday, July 26th. The company reported $0.35 earnings per share for the quarter. The firm had revenue of $4.62 billion during the quarter. On average, research analysts anticipate that NatWest Group will post 1.05 EPS for the current year.

NatWest Group Increases Dividend

The business also recently announced a semi-annual dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 9th will be paid a $0.1543 dividend. This is an increase from NatWest Group’s previous semi-annual dividend of $0.14. This represents a dividend yield of 4.3%. The ex-dividend date is Friday, August 9th. NatWest Group’s dividend payout ratio (DPR) is 24.39%.

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.