NatWest Group (NYSE:NWG) Raised to Overweight at Barclays

NatWest Group (NYSE:NWG) was upgraded by Barclays from an “equal weight” rating to an “overweight” rating in a report issued on Tuesday, Briefing.com reports.

NWG has been the subject of a number of other reports. Morgan Stanley upgraded NatWest Group from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, September 2nd. Weiss Ratings upgraded shares of NatWest Group from a “buy (b)” rating to a “buy (b+)” rating in a report on Thursday. Berenberg Bank initiated coverage on shares of NatWest Group in a report on Wednesday, June 24th. They set a “buy” rating for the company. Wall Street Zen downgraded shares of NatWest Group from a “buy” rating to a “hold” rating in a research report on Sunday, August 9th. Finally, Keefe, Bruyette & Woods raised shares of NatWest Group from a “hold” rating to a “moderate buy” rating in a research note on Friday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy”.

NatWest Group Stock Up 0.6%

Shares of NWG opened at $17.23 on Tuesday. The stock has a market capitalization of $68.40 billion, a price-to-earnings ratio of 8.57, a PEG ratio of 0.81 and a beta of 0.94. NatWest Group has a 52 week low of $13.76 and a 52 week high of $19.42. The stock has a fifty day moving average of $18.49 and a 200-day moving average of $17.21. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.04 and a current ratio of 1.03.

NatWest Group (NYSE:NWG) last announced its earnings results on Thursday, July 30th. The company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.45 by $0.09. NatWest Group had a return on equity of 14.01% and a net margin of 20.10%. The firm had revenue of $5.89 billion for the quarter, compared to the consensus estimate of $5.90 billion. As a group, sell-side analysts anticipate that NatWest Group will post 1.98 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of NWG. Riversedge Advisors LLC bought a new position in NatWest Group during the third quarter worth $241,000. Wedmont Private Capital bought a new stake in NatWest Group in the third quarter valued at $192,000. Athena Wealth Management LLC bought a new stake in NatWest Group in the third quarter valued at $295,000. GAMMA Investing LLC increased its stake in NatWest Group by 9.7% in the third quarter. GAMMA Investing LLC now owns 25,626 shares of the company’s stock valued at $465,000 after purchasing an additional 2,270 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in shares of NatWest Group by 25.4% during the third quarter. Farther Finance Advisors LLC now owns 33,501 shares of the company’s stock valued at $608,000 after purchasing an additional 6,787 shares during the period. Institutional investors and hedge funds own 1.27% of the company’s stock.

NatWest Group Company Profile

NatWest Group plc is a United Kingdom-based banking and financial services company. Through brands including NatWest, Royal Bank of Scotland, Ulster Bank in Northern Ireland and Coutts, it provides banking and financial solutions to individuals, families, businesses and institutional clients.

The group’s activities include personal and premier banking, current and savings accounts, residential mortgages, consumer lending, credit cards, wealth management, business banking, commercial lending, transaction services and investment banking.