NatWest Group plc (NYSE:NWG – Get Free Report) was the target of a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 1,747,359 shares, a growth of 117.8% from the May 31st total of 802,160 shares. Based on an average trading volume of 4,469,624 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.0% of the shares of the stock are short sold.
Institutional Trading of NatWest Group
A number of hedge funds have recently bought and sold shares of the company. Bank of Montreal Can lifted its position in shares of NatWest Group by 136.0% in the 3rd quarter. Bank of Montreal Can now owns 3,273,212 shares of the company’s stock valued at $46,316,000 after acquiring an additional 1,886,141 shares in the last quarter. Fisher Asset Management LLC raised its stake in NatWest Group by 4.5% during the 3rd quarter. Fisher Asset Management LLC now owns 39,234,322 shares of the company’s stock valued at $555,166,000 after purchasing an additional 1,702,930 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new stake in shares of NatWest Group in the third quarter valued at $16,650,000. Bank of America Corp DE lifted its holdings in shares of NatWest Group by 17.8% in the first quarter. Bank of America Corp DE now owns 6,948,264 shares of the company’s stock valued at $103,529,000 after purchasing an additional 1,048,804 shares in the last quarter. Finally, Morgan Stanley boosted its position in shares of NatWest Group by 10.0% in the fourth quarter. Morgan Stanley now owns 11,061,146 shares of the company’s stock worth $193,570,000 after buying an additional 1,009,044 shares during the period. 1.27% of the stock is owned by hedge funds and other institutional investors.
NatWest Group Price Performance
Shares of NWG traded up $0.38 during trading hours on Wednesday, hitting $18.00. 2,853,252 shares of the company were exchanged, compared to its average volume of 4,186,527. The company has a market capitalization of $71.78 billion, a PE ratio of 9.58, a PEG ratio of 0.93 and a beta of 0.93. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.04 and a quick ratio of 1.04. The firm has a fifty day simple moving average of $16.07 and a 200-day simple moving average of $16.46. NatWest Group has a one year low of $12.91 and a one year high of $19.35.
Analyst Upgrades and Downgrades
A number of equities analysts have issued reports on NWG shares. Weiss Ratings lowered NatWest Group from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, May 4th. Wall Street Zen downgraded NatWest Group from a “buy” rating to a “hold” rating in a research note on Saturday. Keefe, Bruyette & Woods lowered NatWest Group from a “moderate buy” rating to a “hold” rating in a report on Monday, April 20th. BNP Paribas Exane raised NatWest Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 11th. Finally, Zacks Research lowered NatWest Group from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy”.
View Our Latest Analysis on NWG
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.
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