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NatWest Group
(LSE:NWG)
NatWest Group (NWG) vs. iShares MSCI United Kingdom ETF (EWC)
NatWest Group Business Overview & Revenue Model
NatWest Group Earnings Call Summary
NatWest Group Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 20.90B | 14.65B | 14.78B | 16.15B | 12.04B | 13.08B |
| Gross Profit | 13.85B | 14.34B | 14.17B | 13.35B | 10.34B | 10.80B |
| EBITDA | 6.59B | 7.25B | 7.12B | 6.00B | 4.77B | 361.00M |
| Net Income | 4.36B | 4.80B | 4.39B | 3.59B | 3.27B | -434.00M |
Balance Sheet | ||||||
| Total Assets | 690.34B | 707.99B | 692.67B | 720.05B | 781.99B | 799.49B |
| Cash, Cash Equivalents and Short-Term Investments | 115.83B | 182.46B | 104.52B | 145.06B | 177.76B | 124.49B |
| Total Debt | 41.87B | 65.92B | 127.26B | 6.26B | 8.43B | 9.96B |
| Total Liabilities | 41.87B | 668.61B | 655.49B | 683.56B | 8.43B | 9.96B |
| Stockholders Equity | 37.52B | 39.35B | 33.27B | 36.49B | 41.80B | 43.86B |
Cash Flow | ||||||
| Free Cash Flow | 930.00M | 694.00M | -14.92B | -44.24B | 52.79B | 28.72B |
| Operating Cash Flow | 930.00M | 1.77B | -13.37B | -43.60B | 53.69B | 29.09B |
| Investing Cash Flow | 0.00 | -12.70B | -14.69B | 19.06B | 3.06B | 7.55B |
| Financing Cash Flow | 0.00 | -1.89B | -15.67B | -10.65B | -2.60B | 90.00M |
NatWest Group Technical Analysis
NatWest Group Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | £40.78B | 8.69 | 13.72% | 4.53% | 11.05% | 29.58% | |
67 Neutral | $16.51B | 11.23 | 9.71% | 3.96% | 11.61% | -10.70% | |
| $37.85B | 10.72 | 8.79% | 3.46% | ― | ― | ||
82 Outperform | £155.55B | 10.42 | 10.86% | 3.31% | -3.40% | -7.51% | |
79 Outperform | £47.01B | 8.62 | 9.38% | 2.47% | 9.76% | 46.29% | |
74 Outperform | £45.54B | 12.21 | 8.75% | 5.58% | -4.18% | -16.04% | |
61 Neutral | £236.13M | ― | -23.29% | 9.29% | 1.10% | -1831.40% |
NatWest Group Corporate Events
NatWest Group plc announced a transaction involving the sale of 55,014 ordinary shares by Scott Marcar, the Group Chief Information Officer, on the London Stock Exchange. This transaction, conducted at a price of £5.0676 per share, reflects internal managerial changes and may influence perceptions of the company’s stock value among investors and stakeholders.
The most recent analyst rating on (GB:NWG) stock is a Buy with a £4.00 price target. To see the full list of analyst forecasts on NatWest Group stock, see the GB:NWG Stock Forecast page.
NatWest Group’s CEO, Paul Thwaite, will engage in a fireside chat at the Goldman Sachs European Financials Conference, highlighting the company’s active participation in significant financial industry events. This engagement underscores NatWest’s strategic efforts to maintain visibility and influence within the financial sector, potentially impacting its market positioning and stakeholder relations.
The most recent analyst rating on (GB:NWG) stock is a Buy with a £4.00 price target. To see the full list of analyst forecasts on NatWest Group stock, see the GB:NWG Stock Forecast page.
NatWest Group plc announced the vesting of deferred awards over ordinary shares to several key executives under the 2024 Employee Share Plan. The shares vested on June 9, 2025, with a portion withheld to cover tax liabilities, and the remaining shares retained by the executives will be subject to a twelve-month retention period. Additionally, Robert Begbie, CEO of NatWest Commercial & Institutional, sold 100,000 shares on June 10, 2025, at a price of £5.2106 per share on the London Stock Exchange. These transactions reflect the company’s ongoing commitment to aligning executive incentives with shareholder interests.
The most recent analyst rating on (GB:NWG) stock is a Buy with a £4.00 price target. To see the full list of analyst forecasts on NatWest Group stock, see the GB:NWG Stock Forecast page.
NatWest Group has announced that His Majesty’s Treasury no longer holds any voting rights in the company after disposing of 72,808,328 ordinary shares. This disposal is part of a trading plan initially announced in July 2021 and extended in April 2023. The move signifies a significant change in the ownership structure of NatWest, potentially impacting its market positioning and stakeholder dynamics.
The most recent analyst rating on (GB:NWG) stock is a Buy with a £4.00 price target. To see the full list of analyst forecasts on NatWest Group stock, see the GB:NWG Stock Forecast page.
NatWest Group plc has announced details regarding its total voting rights and capital as of May 30, 2025, in compliance with the Disclosure Guidance and Transparency Rules. The announcement provides shareholders with the necessary figures to determine their interest or changes in interest in the company, highlighting a total of 32,371,333,100 voting rights across various share classes.
The most recent analyst rating on (GB:NWG) stock is a Buy with a £4.00 price target. To see the full list of analyst forecasts on NatWest Group stock, see the GB:NWG Stock Forecast page.
NatWest Group plc has successfully priced USD 1.55 billion in Senior Callable Notes, comprising USD 1.25 billion in Fixed Rate Notes due 2031 and USD 300 million in Floating Rate Notes due 2029. The proceeds will be used to fund the company’s general banking operations, with the offering set to close on May 23, 2025, pending customary conditions. This strategic move is expected to bolster NatWest’s operational capacity and enhance its financial stability, potentially impacting its market positioning positively.
The most recent analyst rating on (GB:NWG) stock is a Buy with a £4.00 price target. To see the full list of analyst forecasts on NatWest Group stock, see the GB:NWG Stock Forecast page.
NatWest Group plc announced a transaction involving Scott Marcar, the Group Chief Information Officer, who sold 8,011 ordinary shares at a price of £5.0500 per share on the London Stock Exchange. This transaction is part of the company’s regular disclosure practices under the Market Abuse Regulation, ensuring transparency and compliance with regulatory requirements.
The most recent analyst rating on (GB:NWG) stock is a Buy with a £4.00 price target. To see the full list of analyst forecasts on NatWest Group stock, see the GB:NWG Stock Forecast page.
NatWest Group plc announced the vesting and delivery of shares to its senior management under the 2024 Employee Share Plan. The plan involves the immediate vesting of shares, with specific shares withheld to meet tax liabilities and the remainder subject to retention periods. This move is part of NatWest’s strategy to align management incentives with company performance, potentially impacting stakeholder confidence and the company’s market positioning.
The most recent analyst rating on (GB:NWG) stock is a Buy with a £4.00 price target. To see the full list of analyst forecasts on NatWest Group stock, see the GB:NWG Stock Forecast page.
NatWest Group has announced a reduction in the voting rights held by His Majesty’s Treasury to 0.90%, following the disposal of over 87 million ordinary shares. This move is part of a broader trading plan initiated by the Treasury, which could impact NatWest’s shareholder structure and market perception as government influence diminishes.
The most recent analyst rating on (GB:NWG) stock is a Buy with a £5.35 price target. To see the full list of analyst forecasts on NatWest Group stock, see the GB:NWG Stock Forecast page.
NatWest Group plc has released its Q1 2025 Pillar 3 documents for its major subsidiaries, which are now accessible on the company’s website. This release provides stakeholders with essential insights into the company’s risk management and capital adequacy, potentially impacting investor confidence and market positioning.
The most recent analyst rating on (GB:NWG) stock is a Buy with a £4.00 price target. To see the full list of analyst forecasts on NatWest Group stock, see the GB:NWG Stock Forecast page.
NatWest Group plc has published the final terms for its EUR1.25 billion Fixed to Floating Rate Reset Notes due in 2030 and 2036, under its £40 billion Euro Medium Term Note Programme. This issuance is part of NatWest’s strategic financial operations, potentially impacting its market positioning by enhancing its capital structure and offering investment opportunities to stakeholders.
NatWest Group plc has announced the publication of a supplementary prospectus related to its £40 billion Euro Medium Term Note Programme. This development, approved by the Financial Conduct Authority, signifies the company’s ongoing efforts to manage its financial instruments and maintain transparency with stakeholders, potentially impacting its market operations and investor relations.
NatWest Group reported a strong performance in Q1 2025, with an attributable profit of £1,252 million and a return on tangible equity of 18.5%. The company’s income increased due to deposit margin expansion and trading income, despite global economic uncertainties. NatWest achieved its climate and sustainable funding target and maintained robust capital and liquidity levels, positioning itself as a key partner in economic growth. The company expects to remain at the upper end of its income and returns guidance for 2025, with continued focus on strategic priorities and shareholder returns.
NatWest Group has announced a reduction in the percentage of voting rights held by His Majesty’s Treasury, now at 1.98%, following the disposal of 81,368,118 ordinary shares. This change is part of a trading plan initiated by the Treasury, reflecting a strategic shift in its holdings, which could impact NatWest’s shareholder structure and market perception.
NatWest Group plc has announced its total voting rights and capital structure as of April 30, 2025, in compliance with the Disclosure Guidance and Transparency Rules. The company reported a total of 32,317,511,136 voting rights, which includes ordinary shares and cumulative preference shares, providing stakeholders with necessary information to assess their shareholding interests and obligations under regulatory requirements.
NatWest Group plc announced the acquisition of ordinary shares by its Chairman and Non-executive Directors through the reinvestment of dividends, in line with the company’s shareholding policy. This transaction, conducted on the London Stock Exchange, reflects the company’s commitment to aligning managerial interests with shareholder value, potentially strengthening stakeholder confidence in its governance practices.
NatWest Group plc announced the results of its Annual General Meeting held on April 23, 2025, where several resolutions were passed, including special resolutions. Key resolutions included the approval of the 2024 Report and Accounts, directors’ remuneration policy, and the declaration of a final dividend of 15.5 pence per ordinary share. The meeting also saw the re-election and election of various directors and the renewal of authorities related to share allotment and purchases. These resolutions are expected to impact the company’s governance and financial strategies, reinforcing its operational framework and shareholder engagement.
NatWest Group’s 2024 performance highlights significant progress, with a strong share price increase and substantial capital returns to shareholders. The bank is nearing full private ownership, marking a pivotal moment since the 2008 financial crisis. The company is focused on disciplined growth, technological integration, and enhancing customer relationships to drive future success, amidst a competitive and evolving financial landscape.
NatWest Group plc has announced the declaration of half-yearly dividends on its 11 per cent and 5.5 per cent cumulative preference shares, set to be paid on 30 May 2025. This decision reflects the company’s ongoing commitment to providing returns to its shareholders, potentially enhancing its market position and investor confidence.
NatWest Group plc has announced a reduction in the voting rights held by His Majesty’s Treasury (HMT) in the company to 2.99%, following the disposal of 77,230,762 ordinary shares. This move is part of HMT’s ongoing trading plan, which was initially announced in July 2021 and extended in April 2023. The reduction in voting rights signifies a continued divestment by the UK government, potentially impacting the company’s governance and shareholder dynamics.
NatWest Group plc announced that Frank Dangeard will step down from his roles as a non-executive director of NatWest Group and Chair of NatWest Markets, effective from the Annual General Meeting on 23 April 2025. His departure follows a period of personal leave, and he has also indicated his intention to resign from his positions at RBS Holdings NV and NatWest Markets NV. Rick Haythornthwaite, Chair of NatWest Group, expressed gratitude for Dangeard’s contributions since 2016, highlighting his impact on the boards and committees he served on. This change is expected to lead to adjustments in the company’s governance structure, though the specific implications for stakeholders remain to be clarified.
NatWest Group plc has announced the redemption of its £1,000,000,000 Fixed to Fixed Rate Notes due in August 2030, scheduled for 14 May 2025. This strategic financial move involves redeeming the notes at par, with accrued interest, potentially impacting the company’s financial structure and offering reassurance to investors about its fiscal health and strategic planning.
Massachusetts Financial Services Company has increased its voting rights in NatWest Group plc to 5.167092%, crossing a significant threshold. This change reflects a strategic investment move by the US-based investment manager, potentially impacting NatWest’s shareholder dynamics and signaling confidence in the company’s market position.
NatWest Group plc has released a notification regarding a change in major holdings that was initially overlooked in August 2024. The Massachusetts Financial Services Company, a U.S. Registered Investment Manager, has adjusted its voting rights in NatWest, reducing its stake from 5.12% to 4.96%. This change in holdings could influence NatWest’s shareholder dynamics and reflects the ongoing adjustments in investment strategies by major stakeholders.
NatWest Group plc announced transactions involving its senior management, where several directors purchased ordinary shares in accordance with the company’s shareholding policy, while other executives sold shares on the London Stock Exchange. These transactions reflect the company’s ongoing commitment to align management interests with shareholder value, potentially impacting the company’s stock market perception and stakeholder confidence.
NatWest Group plc announced its total voting rights and capital as of March 31, 2025, in accordance with the Disclosure Guidance and Transparency Rules. The company reported a total of 32,314,090,332 voting rights, which shareholders can use to determine their interest in the company. This update is crucial for stakeholders to understand their voting power and any necessary disclosures under regulatory requirements.