NatWest Group (NYSE:NWG) Reaches New 52-Week High - What's Next?

NatWest Group plc (NYSE:NWG - Get Free Report) hit a new 52-week high during trading on Monday . The company traded as high as $14.42 and last traded at $14.39, with a volume of 2509993 shares traded. The stock had previously closed at $14.30.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on NWG shares. BNP Paribas cut shares of NatWest Group from an "outperform" rating to a "neutral" rating in a research note on Tuesday, March 4th. Citigroup reaffirmed a "buy" rating on shares of NatWest Group in a research note on Monday, April 28th. Finally, Peel Hunt cut shares of NatWest Group from a "strong-buy" rating to a "moderate buy" rating in a research note on Thursday, March 6th. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Buy".

NatWest Group Stock Down 0.7%

The business's 50 day moving average is $12.83 and its 200-day moving average is $11.53. The stock has a market cap of $57.95 billion, a price-to-earnings ratio of 10.58, a PEG ratio of 0.85 and a beta of 1.01. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.06 and a current ratio of 1.06.

NatWest Group (NYSE:NWG - Get Free Report) last announced its quarterly earnings data on Friday, May 2nd. The company reported $0.39 earnings per share for the quarter, beating analysts' consensus estimates of $0.34 by $0.05. The firm had revenue of $5.30 billion during the quarter, compared to analysts' expectations of $3.80 billion. On average, sell-side analysts predict that NatWest Group plc will post 1.35 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Natixis Advisors LLC lifted its holdings in NatWest Group by 11.8% in the 1st quarter. Natixis Advisors LLC now owns 12,429,659 shares of the company's stock valued at $148,162,000 after purchasing an additional 1,311,476 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of NatWest Group by 3.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 7,322,718 shares of the company's stock worth $74,473,000 after acquiring an additional 216,053 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of NatWest Group by 7.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 6,474,908 shares of the company's stock valued at $77,181,000 after acquiring an additional 455,538 shares during the last quarter. Bank of America Corp DE boosted its position in shares of NatWest Group by 25.1% during the 4th quarter. Bank of America Corp DE now owns 4,712,296 shares of the company's stock valued at $47,924,000 after acquiring an additional 944,464 shares during the last quarter. Finally, Todd Asset Management LLC boosted its position in shares of NatWest Group by 0.3% during the 4th quarter. Todd Asset Management LLC now owns 4,135,388 shares of the company's stock valued at $42,057,000 after acquiring an additional 10,755 shares during the last quarter. Hedge funds and other institutional investors own 1.27% of the company's stock.

About NatWest Group

NatWest Group plc, together with its subsidiaries, provides banking and financial products and services to personal, commercial, corporate, and institutional customers in the United Kingdom and internationally. It operates through Retail Banking, Private Banking, and Commercial & Institutional segments.