NatWest Group (NYSE:NWG) Announces Quarterly Earnings Results

NatWest Group (NYSE:NWG) posted its quarterly earnings data on Friday. The company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.50 by $0.03, Zacks reports. The company had revenue of $5.76 billion during the quarter, compared to analyst estimates of $5.63 billion. NatWest Group had a net margin of 16.84% and a return on equity of 11.99%.

NatWest Group Stock Performance

NWG stock opened at $15.35 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.05 and a quick ratio of 1.06. The business has a 50-day moving average price of $14.45 and a 200 day moving average price of $13.87. The company has a market capitalization of $61.74 billion, a P/E ratio of 8.93, a PEG ratio of 0.78 and a beta of 1.05. NatWest Group has a 1-year low of $9.16 and a 1-year high of $15.52.

Institutional Trading of NatWest Group

Several institutional investors and hedge funds have recently made changes to their positions in NWG. AQR Capital Management LLC raised its holdings in shares of NatWest Group by 47.0% in the first quarter. AQR Capital Management LLC now owns 281,646 shares of the company’s stock valued at $3,357,000 after acquiring an additional 90,057 shares in the last quarter. NewEdge Advisors LLC raised its holdings in shares of NatWest Group by 14,445.1% in the first quarter. NewEdge Advisors LLC now owns 14,836 shares of the company’s stock valued at $177,000 after acquiring an additional 14,734 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of NatWest Group by 7.6% in the first quarter. Goldman Sachs Group Inc. now owns 6,474,908 shares of the company’s stock valued at $77,181,000 after acquiring an additional 455,538 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of NatWest Group in the first quarter valued at about $2,282,000. Finally, Focus Partners Wealth raised its holdings in shares of NatWest Group by 70.6% in the first quarter. Focus Partners Wealth now owns 24,251 shares of the company’s stock valued at $290,000 after acquiring an additional 10,034 shares in the last quarter. 1.27% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

NWG has been the subject of a number of recent analyst reports. Zacks Research lowered shares of NatWest Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 18th. BNP Paribas Exane lowered shares of NatWest Group from a “neutral” rating to an “underperform” rating in a research note on Friday, September 5th. BNP Paribas lowered shares of NatWest Group from a “hold” rating to a “strong sell” rating in a research note on Friday, September 5th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of NatWest Group in a research note on Saturday. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

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.