NatWest Group (NYSE:NWG) Upgraded at Keefe, Bruyette & Woods

NatWest Group (NYSE:NWG) was upgraded by Keefe, Bruyette & Woods from a “hold” rating to a “moderate buy” rating in a research note issued to investors on Monday,Zacks.com reports.

Other analysts also recently issued reports about the company. Kepler Capital Markets assumed coverage on NatWest Group in a report on Thursday, September 5th. They issued a “buy” rating for the company. The Goldman Sachs Group assumed coverage on shares of NatWest Group in a report on Friday, October 4th. They issued a “buy” rating for the company. UBS Group upgraded shares of NatWest Group to a “strong-buy” rating in a report on Tuesday, July 30th. Finally, Jefferies Financial Group upgraded shares of NatWest Group from an “underperform” rating to a “buy” rating in a report on Tuesday, October 15th. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy”.

NatWest Group Stock Performance

NWG stock opened at $10.05 on Monday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.06 and a quick ratio of 1.06. The business has a 50-day moving average price of $9.27 and a 200 day moving average price of $8.70. The company has a market capitalization of $41.71 billion, a P/E ratio of 7.61 and a beta of 1.32. NatWest Group has a 1-year low of $4.79 and a 1-year high of $10.24.

Hedge Funds Weigh In On NatWest Group

A number of large investors have recently added to or reduced their stakes in the company. Natixis Advisors LLC increased 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 valued at $77,721,000 after acquiring an additional 2,139,290 shares in the last quarter. Mediolanum International Funds Ltd acquired a new position in shares of NatWest Group during the third quarter valued at about $11,420,000. Raymond James & Associates increased its holdings in shares of NatWest Group by 46.8% during the second quarter. Raymond James & Associates now owns 2,402,184 shares of the company’s stock valued at $19,290,000 after acquiring an additional 765,671 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of NatWest Group by 55.4% during the second quarter. Envestnet Asset Management Inc. now owns 1,759,325 shares of the company’s stock valued at $14,127,000 after acquiring an additional 627,097 shares in the last quarter. Finally, US Bancorp DE increased its holdings in shares of NatWest Group by 352.4% during the third quarter. US Bancorp DE now owns 567,421 shares of the company’s stock valued at $5,311,000 after acquiring an additional 442,002 shares in the last quarter. 1.27% of the stock is currently owned by institutional investors.

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.