NatWest Group (NYSE:NWG) Shares Gap Down – Here’s Why

NatWest Group plc (NYSE:NWG)’s stock price gapped down before the market opened on Friday . The stock had previously closed at $11.10, but opened at $10.76. NatWest Group shares last traded at $10.77, with a volume of 935,390 shares traded.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods raised shares of NatWest Group from a “hold” rating to a “moderate buy” rating in a research note on Monday, November 4th. Three research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy”.

NatWest Group Stock Performance

The stock has a market capitalization of $43.80 billion, a price-to-earnings ratio of 8.25, a PEG ratio of 0.84 and a beta of 1.30. The stock’s 50 day moving average is $10.40 and its 200 day moving average is $9.75. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.17.

Institutional Investors Weigh In On NatWest Group

Several hedge funds have recently modified their holdings of the company. Integrated Wealth Concepts LLC boosted its stake in shares of NatWest Group by 4.3% during the 4th quarter. Integrated Wealth Concepts LLC now owns 35,871 shares of the company’s stock worth $365,000 after purchasing an additional 1,473 shares during the last quarter. Stifel Financial Corp lifted its holdings in shares of NatWest Group by 2.2% during the 4th quarter. Stifel Financial Corp now owns 405,204 shares of the company’s stock worth $4,121,000 after acquiring an additional 8,714 shares during the period. Teachers Retirement System of The State of Kentucky lifted its holdings in shares of NatWest Group by 5.0% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 2,673,551 shares of the company’s stock worth $27,190,000 after acquiring an additional 127,680 shares during the period. Capital Research Global Investors purchased a new position in shares of NatWest Group during the 4th quarter worth about $1,019,000. Finally, First Trust Advisors LP raised its holdings in NatWest Group by 385.4% in the fourth quarter. First Trust Advisors LP now owns 51,133 shares of the company’s stock valued at $520,000 after buying an additional 40,598 shares during the period. 1.27% of the stock is owned by institutional investors and hedge funds.

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.