NatWest Group (NYSE:NWG) Sets New 1-Year High – Here’s What Happened

NatWest Group plc (NYSE:NWG) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $11.37 and last traded at $11.39, with a volume of 774709 shares traded. The stock had previously closed at $10.84.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods upgraded shares of NatWest Group from a “hold” rating to a “moderate buy” rating in a research note on Monday, November 4th. Three investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy”.

NatWest Group Stock Performance

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 stock has a 50-day moving average price of $10.43 and a 200-day moving average price of $9.79. The company has a market capitalization of $45.93 billion, a price-to-earnings ratio of 8.64, a PEG ratio of 0.84 and a beta of 1.30.

Institutional Investors Weigh In On NatWest Group

Hedge funds have recently added to or reduced their stakes in the business. Natixis Advisors LLC raised its position in shares of NatWest Group by 3.8% in the fourth quarter. Natixis Advisors LLC now owns 11,118,183 shares of the company’s stock valued at $113,072,000 after purchasing an additional 408,239 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of NatWest Group by 3.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 7,322,718 shares of the company’s stock worth $74,473,000 after acquiring an additional 216,053 shares during the period. Bank of America Corp DE grew its position in shares of NatWest Group by 25.1% in the fourth quarter. Bank of America Corp DE now owns 4,712,296 shares of the company’s stock valued at $47,924,000 after purchasing an additional 944,464 shares during the last quarter. Todd Asset Management LLC increased its stake in shares of NatWest Group by 0.3% during the fourth quarter. Todd Asset Management LLC now owns 4,135,388 shares of the company’s stock worth $42,057,000 after purchasing an additional 10,755 shares during the period. Finally, Northern Trust Corp lifted its holdings in NatWest Group by 45.6% during the 4th quarter. Northern Trust Corp now owns 3,243,078 shares of the company’s stock worth $32,982,000 after purchasing an additional 1,014,926 shares during the last quarter. Institutional investors and hedge funds own 1.27% of the company’s stock.

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.