NatWest Group plc (NYSE:NWG) Short Interest Down 50.4% in May

NatWest Group plc (NYSE:NWG) saw a large decrease in short interest in May. As of May 15th, there was short interest totaling 979,093 shares, a decrease of 50.4% from the April 30th total of 1,972,237 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 3,901,506 shares, the short-interest ratio is currently 0.3 days.

Institutional Trading of NatWest Group

Institutional investors and hedge funds have recently bought and sold shares of the business. Larson Financial Group LLC increased its position in NatWest Group by 427.7% during the 3rd quarter. Larson Financial Group LLC now owns 1,831 shares of the company’s stock worth $26,000 after purchasing an additional 1,484 shares in the last quarter. Bessemer Group Inc. increased its position in NatWest Group by 88.7% during the 3rd quarter. Bessemer Group Inc. now owns 2,068 shares of the company’s stock worth $29,000 after purchasing an additional 972 shares in the last quarter. American National Bank & Trust acquired a new stake in NatWest Group during the 4th quarter worth approximately $31,000. Rachor Investment Advisory Services LLC acquired a new stake in NatWest Group during the 4th quarter worth approximately $34,000. Finally, Caitong International Asset Management Co. Ltd increased its position in NatWest Group by 173.6% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,197 shares of the company’s stock worth $38,000 after purchasing an additional 1,394 shares in the last quarter. Institutional investors and hedge funds own 1.27% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on NWG. Keefe, Bruyette & Woods lowered shares of NatWest Group from a “moderate buy” rating to a “hold” rating in a report on Monday, April 20th. Zacks Research lowered shares of NatWest Group from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Weiss Ratings lowered shares of NatWest Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 4th. Wall Street Zen upgraded shares of NatWest Group from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Finally, BNP Paribas Exane upgraded shares of NatWest Group from a “hold” rating to a “strong-buy” rating in a report on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

NatWest Group Trading Down 0.6%

Shares of NWG stock traded down $0.10 during trading hours on Monday, hitting $15.95. 2,625,049 shares of the company were exchanged, compared to its average volume of 3,611,695. The firm has a market cap of $63.56 billion, a PE ratio of 8.53, a PEG ratio of 0.86 and a beta of 0.93. NatWest Group has a 1 year low of $12.91 and a 1 year high of $19.35. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.15. The firm has a fifty day moving average of $15.58 and a 200 day moving average of $16.39.

NatWest Group (NYSE:NWG) last announced its quarterly earnings data on Friday, May 1st. The company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.04. The business had revenue of $5.59 billion for the quarter, compared to analyst estimates of $5.80 billion. NatWest Group had a net margin of 19.11% and a return on equity of 13.30%. Analysts expect that NatWest Group will post 1.97 earnings per share for the current year.

NatWest Group Company Profile

NatWest Group plc is a major UK-based banking and financial services group headquartered in Edinburgh, Scotland. The company traces its roots to the Royal Bank of Scotland, founded in 1727, and adopted the NatWest Group name in 2020 as part of a strategic refocus on its NatWest brand. NatWest Group is listed on the London Stock Exchange and also has American depositary shares trading on the New York Stock Exchange under the symbol NWG.

The group provides a broad range of banking services across retail, private, commercial, corporate and institutional segments.