NatWest Group (NYSE:NWG) Sees Strong Trading Volume – Here’s Why

Shares of NatWest Group plc (NYSE:NWG) saw an uptick in trading volume on Wednesday . 6,247,724 shares were traded during trading, an increase of 96% from the previous session’s volume of 3,185,949 shares.The stock last traded at $12.01 and had previously closed at $11.80.

Wall Street Analysts Forecast Growth

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 given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy”.

NatWest Group Stock Up 2.2 %

The stock has a 50 day simple moving average of $10.53 and a 200-day simple moving average of $9.90. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a market cap of $48.59 billion, a PE ratio of 8.87, a PEG ratio of 0.85 and a beta of 1.30.

NatWest Group (NYSE:NWG) last announced its quarterly earnings results on Friday, February 14th. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.11. The company had revenue of $4.90 billion during the quarter, compared to the consensus estimate of $3.75 billion. Sell-side analysts predict that NatWest Group plc will post 1.35 EPS for the current fiscal year.

NatWest Group Increases Dividend

The company also recently declared a semi-annual dividend, which will be paid on Monday, April 28th. Investors of record on Friday, March 14th will be given a dividend of $0.3899 per share. This represents a yield of 3.8%. The ex-dividend date is Friday, March 14th. This is a positive change from NatWest Group’s previous semi-annual dividend of $0.36. NatWest Group’s dividend payout ratio (DPR) is currently 55.88%.

Hedge Funds Weigh In On NatWest Group

Several hedge funds and other institutional investors have recently modified their holdings of the business. Whipplewood Advisors LLC purchased a new position in shares of NatWest Group in the 4th quarter valued at $27,000. Private Trust Co. NA increased its position in shares of NatWest Group by 121.3% in the third quarter. Private Trust Co. NA now owns 2,735 shares of the company’s stock valued at $26,000 after buying an additional 1,499 shares in the last quarter. Hilltop National Bank acquired a new position in shares of NatWest Group in the fourth quarter worth $29,000. First Horizon Advisors Inc. boosted its position in NatWest Group by 161.4% during the 4th quarter. First Horizon Advisors Inc. now owns 2,894 shares of the company’s stock worth $29,000 after purchasing an additional 1,787 shares during the period. Finally, Geneos Wealth Management Inc. acquired a new stake in shares of NatWest Group during the fourth quarter worth approximately $35,000. 1.27% of the stock is owned by hedge funds and other institutional investors.

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.