The Goldman Sachs Group Begins Coverage on NatWest Group (NYSE:NWG)

The Goldman Sachs Group started coverage on shares of NatWest Group (NYSE:NWG) in a research report issued to clients and investors on Friday, Marketbeat reports. The brokerage set a “buy” rating on the stock.

Several other research firms have also recently weighed in on NWG. Kepler Capital Markets assumed coverage on NatWest Group in a report on Thursday, September 5th. They set a “buy” rating on the stock. UBS Group upgraded shares of NatWest Group to a “strong-buy” rating in a research note on Tuesday, July 30th. One investment analyst has rated the stock with a sell rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy”.

NatWest Group Stock Performance

Shares of NWG opened at $9.21 on Friday. The company has a market cap of $38.35 billion, a price-to-earnings ratio of 7.43, a P/E/G ratio of 2.09 and a beta of 1.33. The company has a current ratio of 1.07, a quick ratio of 1.08 and a debt-to-equity ratio of 0.16. NatWest Group has a 12 month low of $4.30 and a 12 month high of $9.68. The business’s fifty day simple moving average is $9.02 and its two-hundred day simple moving average is $8.26.

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 company had revenue of $4.62 billion for the quarter. Research analysts anticipate that NatWest Group will post 1.05 earnings per share for the current fiscal year.

Institutional Investors Weigh In On NatWest Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC boosted its position in shares of NatWest Group by 4.4% in the second quarter. Sequoia Financial Advisors LLC now owns 29,328 shares of the company’s stock worth $236,000 after purchasing an additional 1,230 shares during the period. EverSource Wealth Advisors LLC lifted its position in shares of NatWest Group by 45.7% in the second quarter. EverSource Wealth Advisors LLC now owns 4,013 shares of the company’s stock valued at $32,000 after acquiring an additional 1,259 shares in the last quarter. First Trust Direct Indexing L.P. boosted its stake in shares of NatWest Group by 4.9% in the first quarter. First Trust Direct Indexing L.P. now owns 31,986 shares of the company’s stock worth $218,000 after acquiring an additional 1,501 shares during the period. GAMMA Investing LLC grew its position in shares of NatWest Group by 65.7% during the second quarter. GAMMA Investing LLC now owns 4,566 shares of the company’s stock worth $37,000 after purchasing an additional 1,810 shares in the last quarter. Finally, 9258 Wealth Management LLC lifted its holdings in NatWest Group by 18.2% in the 2nd quarter. 9258 Wealth Management LLC now owns 13,016 shares of the company’s stock worth $105,000 after purchasing an additional 2,002 shares in the last quarter. 1.27% of the stock is owned by hedge funds and other institutional investors.

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.