NatWest Group (NYSE:NWG) Stock Breaks Above 200-Day Moving Average – Time to Sell?

NatWest Group plc (NYSE:NWG)’s share price passed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $17.09 and traded as high as $17.51. NatWest Group shares last traded at $17.2270, with a volume of 6,541,156 shares traded.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on NWG. Wall Street Zen cut NatWest Group from a “buy” rating to a “hold” rating in a report on Sunday, August 9th. Morgan Stanley raised NatWest Group from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, September 2nd. Keefe, Bruyette & Woods upgraded NatWest Group from a “hold” rating to a “moderate buy” rating in a research report on Friday, July 17th. Barclays raised NatWest Group from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, October 13th. Finally, Weiss Ratings cut shares of NatWest Group from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy”.

NatWest Group Trading Down 9.0%

The company has a quick ratio of 1.04, a current ratio of 1.03 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $61.41 billion, a PE ratio of 7.69, a price-to-earnings-growth ratio of 0.77 and a beta of 0.94. The stock’s fifty day moving average price is $17.96 and its two-hundred day moving average price is $17.08.

NatWest Group (NYSE:NWG) last announced its quarterly earnings results on Friday, October 30th. The company reported $0.51 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.51. The company had revenue of $6.08 billion for the quarter, compared to the consensus estimate of $6.18 billion. NatWest Group had a return on equity of 14.01% and a net margin of 20.10%. Sell-side analysts anticipate that NatWest Group plc will post 1.97 earnings per share for the current year.

Institutional Trading of NatWest Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE lifted its position in NatWest Group by 17.8% during the 1st quarter. Bank of America Corp DE now owns 6,948,264 shares of the company’s stock valued at $103,529,000 after acquiring an additional 1,048,804 shares during the period. Manning & Napier Advisors LLC purchased a new stake in NatWest Group in the second quarter worth about $4,239,000. Sei Investments Co. lifted its holdings in shares of NatWest Group by 28.9% during the first quarter. Sei Investments Co. now owns 566,648 shares of the company’s stock valued at $8,443,000 after purchasing an additional 126,996 shares during the last quarter. Renaissance Technologies LLC purchased a new position in shares of NatWest Group during the first quarter valued at approximately $1,807,000. Finally, Quantinno Capital Management LP boosted its position in shares of NatWest Group by 14.0% in the 1st quarter. Quantinno Capital Management LP now owns 889,533 shares of the company’s stock worth $13,254,000 after purchasing an additional 109,338 shares in the last quarter. Hedge funds and other institutional investors own 1.27% of the company’s stock.

NatWest Group Company Profile

NatWest Group plc is a United Kingdom-based banking and financial services company. Through brands including NatWest, Royal Bank of Scotland, Ulster Bank and Coutts, it provides current accounts, savings products, mortgages, personal loans, credit cards, insurance and other financial services to individuals and households.

The group also serves small and medium-sized businesses, larger companies and institutional clients. Its commercial and institutional banking activities include lending, transaction banking, cash management, payments, trade finance, capital markets services and risk-management solutions.