NatWest Group (NYSE:NWG) Rating Increased to Moderate Buy 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 sent to investors on Friday morning,Zacks.com reports.

Several other analysts also recently commented on the stock. Wall Street Zen downgraded shares of NatWest Group from a “buy” rating to a “hold” rating in a research report on Saturday, June 27th. Berenberg Bank began coverage on shares of NatWest Group in a report on Wednesday, June 24th. They set a “buy” rating on the stock. BNP Paribas Exane raised shares of NatWest Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 11th. Weiss Ratings cut shares of NatWest Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 4th. Finally, Zacks Research downgraded shares of NatWest Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

NatWest Group Trading Up 0.6%

NYSE NWG opened at $17.95 on Friday. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.15. NatWest Group has a 1-year low of $13.30 and a 1-year high of $19.35. The firm’s fifty day simple moving average is $16.62 and its 200-day simple moving average is $16.52. The company has a market capitalization of $71.54 billion, a PE ratio of 9.55, a price-to-earnings-growth ratio of 0.92 and a beta of 0.92.

NatWest Group (NYSE:NWG) last issued its earnings results on Friday, May 1st. The company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.04. NatWest Group had a return on equity of 13.30% and a net margin of 19.11%.The firm had revenue of $5.59 billion for the quarter, compared to the consensus estimate of $5.80 billion. As a group, sell-side analysts anticipate that NatWest Group will post 1.94 earnings per share for the current fiscal year.

Hedge Funds Weigh In On NatWest Group

A number of institutional investors have recently modified their holdings of NWG. Tudor Investment Corp ET AL bought a new position in NatWest Group during the third quarter valued at about $6,969,000. Sivia Capital Partners LLC lifted its position in shares of NatWest Group by 105.3% in the 2nd quarter. Sivia Capital Partners LLC now owns 39,803 shares of the company’s stock worth $563,000 after acquiring an additional 20,412 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in shares of NatWest Group by 7.4% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,216,652 shares of the company’s stock worth $38,791,000 after purchasing an additional 153,625 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of NatWest Group by 10.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,784,004 shares of the company’s stock worth $25,244,000 after purchasing an additional 162,313 shares in the last quarter. Finally, Jackson Square Capital LLC bought a new stake in shares of NatWest Group during the fourth quarter valued at approximately $779,000. Institutional investors own 1.27% of the company’s stock.

About NatWest Group

NatWest Group plc is a major UK-based banking and financial services group headquartered in Edinburgh, Scotland. The company traces its roots to the Royal Bank of Scotland, founded in 1727, and adopted the NatWest Group name in 2020 as part of a strategic refocus on its NatWest brand. NatWest Group is listed on the London Stock Exchange and also has American depositary shares trading on the New York Stock Exchange under the symbol NWG.

The group provides a broad range of banking services across retail, private, commercial, corporate and institutional segments.