NatWest Group (NYSE:NWG) Reaches New 52-Week High – Here’s What Happened

NatWest Group plc (NYSE:NWG)’s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $18.67 and last traded at $18.58, with a volume of 627450 shares. The stock had previously closed at $18.23.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on NWG shares. Weiss Ratings reiterated a “buy (b)” rating on shares of NatWest Group in a report on Thursday, January 22nd. Barclays restated an “equal weight” rating on shares of NatWest Group in a report on Wednesday, January 7th. Zacks Research cut shares of NatWest Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 10th. Finally, The Goldman Sachs Group reissued a “neutral” rating on shares of NatWest Group in a research report on Thursday, December 4th. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, NatWest Group has an average rating of “Hold”.

NatWest Group Stock Performance

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 stock has a market cap of $75.74 billion, a PE ratio of 11.00, a P/E/G ratio of 0.67 and a beta of 0.96. The business’s 50-day moving average price is $17.35 and its 200-day moving average price is $15.61.

Institutional Trading of NatWest Group

A number of institutional investors have recently made changes to their positions in the business. L1 Capital Pty Ltd purchased a new stake in shares of NatWest Group during the second quarter worth about $146,913,000. Fisher Asset Management LLC boosted its stake in NatWest Group by 13.1% in the 2nd quarter. Fisher Asset Management LLC now owns 37,531,392 shares of the company’s stock worth $531,069,000 after purchasing an additional 4,355,850 shares in the last quarter. Bank of Montreal Can boosted its stake in NatWest Group by 136.0% in the 3rd quarter. Bank of Montreal Can now owns 3,273,212 shares of the company’s stock worth $46,316,000 after purchasing an additional 1,886,141 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new stake in NatWest Group during the 3rd quarter worth approximately $16,650,000. Finally, Citadel Advisors LLC increased its stake in NatWest Group by 150.7% during the 3rd quarter. Citadel Advisors LLC now owns 1,612,872 shares of the company’s stock valued at $22,822,000 after purchasing an additional 969,546 shares in the last quarter. Institutional investors and hedge funds own 1.27% of the company’s stock.

About NatWest Group

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.