NatWest Group (NYSE:NWG) Hits New 12-Month High – Here’s Why

NatWest Group plc (NYSE:NWG)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $17.49 and last traded at $17.4750, with a volume of 1659868 shares traded. The stock had previously closed at $17.31.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on NWG shares. The Goldman Sachs Group reaffirmed a “neutral” rating on shares of NatWest Group in a research note on Thursday, December 4th. BNP Paribas Exane cut shares of NatWest Group from a “neutral” rating to an “underperform” rating in a report on Friday, September 5th. Weiss Ratings reiterated a “buy (b)” rating on shares of NatWest Group in a research note on Wednesday, October 8th. Zacks Research cut shares of NatWest Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 10th. Finally, BNP Paribas cut shares of NatWest Group from a “hold” rating to a “strong sell” rating in a report on Friday, September 5th. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold”.

NatWest Group Trading Up 1.0%

The firm’s 50 day moving average price is $15.89 and its 200-day moving average price is $14.75. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.05 and a quick ratio of 1.05. The stock has a market cap of $70.03 billion, a P/E ratio of 10.16, a P/E/G ratio of 0.76 and a beta of 1.00.

NatWest Group (NYSE:NWG) last announced its quarterly earnings data on Friday, October 24th. The company reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.03. The company had revenue of $5.82 billion during the quarter, compared to analyst estimates of $5.63 billion. NatWest Group had a net margin of 18.18% and a return on equity of 12.77%. As a group, equities research analysts forecast that NatWest Group plc will post 1.35 earnings per share for the current year.

Institutional Investors Weigh In On NatWest Group

Institutional investors have recently modified their holdings of the business. Evergreen Capital Management LLC boosted its holdings in shares of NatWest Group by 2.4% during the 2nd quarter. Evergreen Capital Management LLC now owns 29,272 shares of the company’s stock valued at $414,000 after acquiring an additional 697 shares during the last quarter. Signaturefd LLC lifted its position in NatWest Group by 1.1% during the third quarter. Signaturefd LLC now owns 63,621 shares of the company’s stock valued at $900,000 after purchasing an additional 702 shares during the period. Vise Technologies Inc. boosted its holdings in NatWest Group by 1.6% in the third quarter. Vise Technologies Inc. now owns 46,783 shares of the company’s stock worth $662,000 after purchasing an additional 733 shares during the last quarter. First Horizon Advisors Inc. grew its position in NatWest Group by 22.6% in the 2nd quarter. First Horizon Advisors Inc. now owns 4,043 shares of the company’s stock worth $57,000 after purchasing an additional 746 shares during the period. Finally, Benjamin Edwards Inc. raised its stake in NatWest Group by 1.8% during the 3rd quarter. Benjamin Edwards Inc. now owns 45,585 shares of the company’s stock valued at $645,000 after buying an additional 805 shares during the last quarter. 1.27% of the stock is owned by hedge funds and other institutional investors.

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.