NatWest Group (NYSE:NWG) Shares Gap Down – Here’s What Happened

NatWest Group plc (NYSE:NWG)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $10.37, but opened at $10.11. NatWest Group shares last traded at $10.00, with a volume of 281,606 shares traded.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Keefe, Bruyette & Woods raised NatWest Group from a “hold” rating to a “moderate buy” rating in a research note on Monday, November 4th. Jefferies Financial Group raised shares of NatWest Group from an “underperform” rating to a “buy” rating in a research report on Tuesday, October 15th. Finally, The Goldman Sachs Group started coverage on shares of NatWest Group in a research report on Friday, October 4th. They set a “buy” rating for the company. Three investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, NatWest Group presently has a consensus rating of “Buy”.

NatWest Group Stock Down 3.8 %

The firm has a market capitalization of $40.14 billion, a P/E ratio of 7.56 and a beta of 1.31. The company has a fifty day simple moving average of $10.16 and a 200 day simple moving average of $9.37. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.17.

Institutional Trading of NatWest Group

Several institutional investors have recently bought and sold shares of the company. Natixis Advisors LLC increased its holdings in shares of NatWest Group by 10.7% in the 3rd quarter. Natixis Advisors LLC now owns 10,709,944 shares of the company’s stock worth $100,245,000 after purchasing an additional 1,031,057 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in NatWest Group by 3.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 7,048,194 shares of the company’s stock worth $56,615,000 after buying an additional 205,439 shares in the last quarter. Teachers Retirement System of The State of Kentucky raised its position in NatWest Group by 9.4% in the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 2,623,571 shares of the company’s stock worth $21,068,000 after buying an additional 224,900 shares during the last quarter. Raymond James & Associates boosted its holdings in shares of NatWest Group by 6.7% during the 3rd quarter. Raymond James & Associates now owns 2,564,252 shares of the company’s stock valued at $24,001,000 after acquiring an additional 162,068 shares during the last quarter. Finally, FMR LLC grew its stake in shares of NatWest Group by 57.0% in the third quarter. FMR LLC now owns 1,988,329 shares of the company’s stock worth $18,611,000 after acquiring an additional 721,578 shares during the period. 1.27% of the stock is owned by hedge funds and other 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.