NatWest Group (NYSE:NWG) Sets New 12-Month High – What’s Next?

NatWest Group plc (NYSE:NWG)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $18.55 and last traded at $18.4190, with a volume of 467750 shares. The stock had previously closed at $17.90.

Analyst Upgrades and Downgrades

NWG has been the topic of several research reports. Zacks Research lowered shares of NatWest Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 10th. Barclays reiterated an “equal weight” rating on shares of NatWest Group in a research report on Wednesday, January 7th. The Goldman Sachs Group reaffirmed a “neutral” rating on shares of NatWest Group in a report on Thursday, December 4th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of NatWest Group in a research note on Thursday, January 22nd. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, NatWest Group presently has an average rating of “Hold”.

NatWest Group Price 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 firm has a fifty day moving average of $17.09 and a 200 day moving average of $15.45. The company has a market capitalization of $73.28 billion, a P/E ratio of 10.64, a P/E/G ratio of 0.66 and a beta of 0.99.

Institutional Trading of NatWest Group

Hedge funds have recently bought and sold shares of the stock. Anchyra Partners LLC purchased a new stake in NatWest Group in the 4th quarter worth approximately $282,000. Aprio Wealth Management LLC increased its position in NatWest Group by 8.4% in the fourth quarter. Aprio Wealth Management LLC now owns 19,297 shares of the company’s stock worth $346,000 after purchasing an additional 1,492 shares during the last quarter. UBS Group AG raised its position in shares of NatWest Group by 34.2% during the 4th quarter. UBS Group AG now owns 341,365 shares of the company’s stock valued at $5,974,000 after buying an additional 87,064 shares in the last quarter. Concurrent Investment Advisors LLC raised its position in NatWest Group by 136.9% during the fourth quarter. Concurrent Investment Advisors LLC now owns 29,342 shares of the company’s stock valued at $513,000 after purchasing an additional 16,957 shares during the period. Finally, HB Wealth Management LLC raised its holdings in NatWest Group by 5.7% during the 4th quarter. HB Wealth Management LLC now owns 27,838 shares of the company’s stock valued at $487,000 after buying an additional 1,491 shares during the period. Institutional investors 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.