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

NatWest Group plc (NYSE:NWG) hit a new 52-week high during trading on Monday . The stock traded as high as $16.94 and last traded at $16.9050, with a volume of 568484 shares changing hands. The stock had previously closed at $16.50.

Analyst Upgrades and Downgrades

NWG has been the topic of a number of research reports. Weiss Ratings restated a “buy (b)” rating on shares of NatWest Group in a report on Wednesday, October 8th. The Goldman Sachs Group restated a “neutral” rating on shares of NatWest Group in a research note on Thursday, December 4th. Zacks Research lowered shares of NatWest Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 10th. BNP Paribas downgraded shares of NatWest Group from a “hold” rating to a “strong sell” rating in a research report on Friday, September 5th. Finally, BNP Paribas Exane lowered NatWest Group from a “neutral” rating to an “underperform” rating in a report on Friday, September 5th. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold”.

NatWest Group Stock Up 2.3%

The stock has a market cap of $67.63 billion, a P/E ratio of 9.81, a P/E/G ratio of 0.73 and a beta of 1.00. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.14. The firm’s fifty day moving average is $15.58 and its 200 day moving average is $14.63.

NatWest Group (NYSE:NWG) last issued its quarterly earnings results on Friday, October 24th. The company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.03. NatWest Group had a return on equity of 12.77% and a net margin of 18.18%.The company had revenue of $5.82 billion for the quarter, compared to the consensus estimate of $5.63 billion. As a group, equities research analysts forecast that NatWest Group plc will post 1.35 EPS for the current year.

Institutional Trading of NatWest Group

A number of hedge funds have recently modified their holdings of the company. L1 Capital Pty Ltd bought a new position in NatWest Group in the second quarter worth $146,913,000. Fisher Asset Management LLC increased its holdings in shares of NatWest Group by 13.1% during the second quarter. Fisher Asset Management LLC now owns 37,531,392 shares of the company’s stock worth $531,069,000 after buying an additional 4,355,850 shares in the last quarter. Millennium Management LLC boosted its holdings in shares of NatWest Group by 364.3% in the 1st quarter. Millennium Management LLC now owns 2,938,011 shares of the company’s stock worth $35,021,000 after acquiring an additional 2,305,175 shares in the last quarter. Bank of Montreal Can grew its position in NatWest Group by 136.0% during the 3rd quarter. Bank of Montreal Can now owns 3,273,212 shares of the company’s stock worth $46,316,000 after acquiring an additional 1,886,141 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new stake in NatWest Group during the 3rd quarter valued at $16,650,000. 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.