NatWest Group (NYSE:NWG) Lifted to Strong-Buy at UBS Group

UBS Group upgraded shares of NatWest Group (NYSE:NWG) to a strong-buy rating in a research report report published on Tuesday, Zacks.com reports.

NatWest Group Price Performance

NWG opened at $8.87 on Tuesday. The business’s 50-day moving average is $8.41 and its two-hundred day moving average is $7.25. 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 current ratio of 1.07 and a quick ratio of 1.08. The firm has a market capitalization of $36.90 billion, a PE ratio of 7.84, a price-to-earnings-growth ratio of 2.12 and a beta of 1.35.

NatWest Group Increases Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 9th will be issued a $0.1543 dividend. This represents a yield of 4.3%. The ex-dividend date is Friday, August 9th. This is an increase from NatWest Group’s previous semi-annual dividend of $0.14.

Institutional Investors Weigh In On NatWest Group

Several institutional investors have recently added to or reduced their stakes in the business. Rhumbline Advisers boosted its holdings in NatWest Group by 31.8% in the second quarter. Rhumbline Advisers now owns 22,664 shares of the company’s stock worth $182,000 after acquiring an additional 5,472 shares in the last quarter. Financial Counselors Inc. lifted its holdings in shares of NatWest Group by 15.8% during the second quarter. Financial Counselors Inc. now owns 35,553 shares of the company’s stock worth $285,000 after purchasing an additional 4,861 shares during the period. Natixis Advisors LLC lifted its holdings in shares of NatWest Group by 28.4% during the second quarter. Natixis Advisors LLC now owns 9,678,887 shares of the company’s stock worth $77,721,000 after purchasing an additional 2,139,290 shares during the period. Ritholtz Wealth Management lifted its holdings in shares of NatWest Group by 4.9% during the second quarter. Ritholtz Wealth Management now owns 103,341 shares of the company’s stock worth $830,000 after purchasing an additional 4,846 shares during the period. Finally, Catalytic Wealth RIA LLC lifted its holdings in shares of NatWest Group by 70.2% during the second quarter. Catalytic Wealth RIA LLC now owns 46,058 shares of the company’s stock worth $370,000 after purchasing an additional 18,995 shares during the period. Institutional investors and hedge funds own 1.27% of the company’s stock.

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.