NatWest Group (NYSE:NWG) Lifted to Buy at Jefferies Financial Group

Jefferies Financial Group upgraded shares of NatWest Group (NYSE:NWG) from an underperform rating to a buy rating in a report released on Tuesday morning, MarketBeat Ratings reports.

Other analysts also recently issued research reports about the stock. The Goldman Sachs Group started coverage on shares of NatWest Group in a research report on Friday, October 4th. They set a “buy” rating for the company. Kepler Capital Markets assumed coverage on shares of NatWest Group in a research report on Thursday, September 5th. They issued a “buy” rating for the company. Finally, UBS Group raised shares of NatWest Group to a “strong-buy” rating in a research report on Tuesday, July 30th. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, NatWest Group currently has a consensus rating of “Buy”.

NatWest Group Stock Up 2.0 %

NWG opened at $9.54 on Tuesday. The firm has a 50 day moving average price of $9.10 and a 200 day moving average price of $8.42. The company has a market cap of $39.61 billion, a PE ratio of 7.88 and a beta of 1.33. NatWest Group has a 1 year low of $4.30 and a 1 year high of $9.68. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.08 and a current ratio of 1.07.

NatWest Group (NYSE:NWG) last posted its earnings results on Friday, July 26th. The company reported $0.35 earnings per share (EPS) for the quarter. The business had revenue of $4.62 billion for the quarter. Sell-side analysts expect that NatWest Group will post 0.92 earnings per share for the current year.

NatWest Group Increases Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 9th were given a $0.1543 dividend. This is an increase from NatWest Group’s previous semi-annual dividend of $0.14. The ex-dividend date of this dividend was Friday, August 9th. This represents a yield of 4.3%. NatWest Group’s dividend payout ratio (DPR) is 25.62%.

Institutional Trading of NatWest Group

Large investors have recently bought and sold shares of the company. Sequoia Financial Advisors LLC boosted its stake in shares of NatWest Group by 4.4% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 29,328 shares of the company’s stock valued at $236,000 after buying an additional 1,230 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of NatWest Group by 45.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,013 shares of the company’s stock valued at $32,000 after buying an additional 1,259 shares during the last quarter. First Trust Direct Indexing L.P. boosted its stake in shares of NatWest Group by 4.9% during the 1st quarter. First Trust Direct Indexing L.P. now owns 31,986 shares of the company’s stock valued at $218,000 after buying an additional 1,501 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of NatWest Group by 65.7% during the 2nd quarter. GAMMA Investing LLC now owns 4,566 shares of the company’s stock valued at $37,000 after buying an additional 1,810 shares during the last quarter. Finally, Hexagon Capital Partners LLC boosted its stake in shares of NatWest Group by 134.5% during the 3rd quarter. Hexagon Capital Partners LLC now owns 3,452 shares of the company’s stock valued at $32,000 after buying an additional 1,980 shares during the last quarter. Institutional investors and hedge funds own 1.27% of the company’s stock.

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.