NatWest Group plc (NYSE:NWG) Stock Short Interest Report for September

NatWest Group plc (NYSE:NWG) was the recipient of a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 2,228,659 shares, an increase of 84.5% from the September 15th total of 1,207,880 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 3,277,619 shares, the days-to-cover ratio is currently 0.7 days.

NatWest Group Stock Down 0.4%

Shares of NYSE NWG opened at $17.59 on Thursday. The firm’s 50-day moving average is $18.43 and its two-hundred day moving average is $17.25. The company has a market capitalization of $69.83 billion, a PE ratio of 8.75, a price-to-earnings-growth ratio of 0.83 and a beta of 0.94. NatWest Group has a 12-month low of $13.76 and a 12-month high of $19.42. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.03 and a quick ratio of 1.04.

NatWest Group (NYSE:NWG) last issued its quarterly earnings data on Thursday, July 30th. The company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.09. NatWest Group had a net margin of 20.10% and a return on equity of 14.01%. The business had revenue of $5.89 billion during the quarter, compared to analysts’ expectations of $5.90 billion. Equities analysts anticipate that NatWest Group will post 1.98 EPS for the current fiscal year.

NatWest Group Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, September 18th. Investors of record on Friday, August 14th were paid a $0.3222 dividend. This represents a yield of 337.0%. The ex-dividend date of this dividend was Friday, August 14th. This is a decrease from NatWest Group’s previous dividend of $0.6210. NatWest Group’s dividend payout ratio is currently 31.34%.

Institutional Investors Weigh In On NatWest Group

A number of large investors have recently bought and sold shares of NWG. Miller Global Investments LLC purchased a new position in NatWest Group during the third quarter worth $27,000. Caitong International Asset Management Co. Ltd raised its holdings in shares of NatWest Group by 173.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,197 shares of the company’s stock worth $38,000 after acquiring an additional 1,394 shares during the last quarter. GHP Investment Advisors Inc. purchased a new stake in shares of NatWest Group in the first quarter valued at $76,000. Mather Group LLC. lifted its position in shares of NatWest Group by 1,484.9% in the third quarter. Mather Group LLC. now owns 4,723 shares of the company’s stock valued at $86,000 after acquiring an additional 4,425 shares in the last quarter. Finally, Parkside Financial Bank & Trust lifted its position in shares of NatWest Group by 13.9% in the second quarter. Parkside Financial Bank & Trust now owns 4,909 shares of the company’s stock valued at $87,000 after acquiring an additional 598 shares in the last quarter. Institutional investors and hedge funds own 1.27% of the company’s stock.

Wall Street Analyst Weigh In

NWG has been the topic of several research reports. Barclays raised NatWest Group from an “equal weight” rating to an “overweight” rating in a report on Tuesday. Morgan Stanley upgraded NatWest Group from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, September 2nd. Keefe, Bruyette & Woods raised NatWest Group from a “hold” rating to a “moderate buy” rating in a research note on Friday, July 17th. Berenberg Bank started coverage on shares of NatWest Group in a research report on Wednesday, June 24th. They issued a “buy” rating on the stock. Finally, Wall Street Zen lowered shares of NatWest Group from a “buy” rating to a “hold” rating in a research report on Sunday, August 9th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

NatWest Group Company Profile

NatWest Group plc is a United Kingdom-based banking and financial services company. Through brands including NatWest, Royal Bank of Scotland, Ulster Bank in Northern Ireland and Coutts, it provides banking and financial solutions to individuals, families, businesses and institutional clients.

The group’s activities include personal and premier banking, current and savings accounts, residential mortgages, consumer lending, credit cards, wealth management, business banking, commercial lending, transaction services and investment banking.