NatWest Group (NYSE:NWG) Sets New 12-Month High – Here’s Why

NatWest Group plc (NYSE:NWG)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $10.97 and last traded at $10.93, with a volume of 563124 shares traded. The stock had previously closed at $10.76.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Jefferies Financial Group upgraded shares of NatWest Group from an “underperform” rating to a “buy” rating in a report on Tuesday, October 15th. 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 equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

NatWest Group Trading Up 2.0 %

The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.17. The stock has a market cap of $44.20 billion, a PE ratio of 8.31, a P/E/G ratio of 0.80 and a beta of 1.30. The firm has a 50-day simple moving average of $10.28 and a 200-day simple moving average of $9.65.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. QRG Capital Management Inc. increased its holdings in shares of NatWest Group by 41.9% in the fourth quarter. QRG Capital Management Inc. now owns 467,834 shares of the company’s stock worth $4,758,000 after purchasing an additional 138,252 shares during the last quarter. Whipplewood Advisors LLC bought a new position in shares of NatWest Group in the fourth quarter worth about $27,000. Todd Asset Management LLC boosted its holdings in shares of NatWest Group by 0.3% in the fourth quarter. Todd Asset Management LLC now owns 4,135,388 shares of the company’s stock valued at $42,057,000 after purchasing an additional 10,755 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of NatWest Group by 3.2% in the fourth quarter. Bank of New York Mellon Corp now owns 316,560 shares of the company’s stock valued at $3,219,000 after acquiring an additional 9,771 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new position in shares of NatWest Group during the fourth quarter valued at approximately $630,000. Hedge funds and other institutional investors own 1.27% of the company’s stock.

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.