NatWest Group plc (NYSE:NWG - Get Free Report) was the recipient of a large drop in short interest in the month of May. As of May 15th, there was short interest totalling 6,350,000 shares, a drop of 12.8% from the April 30th total of 7,280,000 shares. Based on an average trading volume of 6,690,000 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.2% of the company's stock are sold short.
NatWest Group Stock Up 1.1%
Shares of NatWest Group stock traded up $0.15 during trading on Friday, hitting $14.42. 3,053,583 shares of the stock traded hands, compared to its average volume of 3,742,745. The company has a fifty day moving average price of $12.93 and a two-hundred day moving average price of $11.60. NatWest Group has a twelve month low of $7.80 and a twelve month high of $14.55. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a market cap of $58.07 billion, a P/E ratio of 10.60, a PEG ratio of 0.85 and a beta of 1.04.
NatWest Group (NYSE:NWG - Get Free Report) last posted its earnings results on Friday, May 2nd. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.05. The company had revenue of $5.30 billion during the quarter, compared to analyst estimates of $3.80 billion. Equities research analysts predict that NatWest Group will post 1.35 EPS for the current fiscal year.
Institutional Investors Weigh In On NatWest Group
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bessemer Group Inc. lifted its holdings in NatWest Group by 374.5% in the 1st quarter. Bessemer Group Inc. now owns 2,102 shares of the company's stock worth $25,000 after purchasing an additional 1,659 shares during the last quarter. Whipplewood Advisors LLC bought a new position in NatWest Group in the 4th quarter worth approximately $27,000. First Horizon Advisors Inc. increased its position in NatWest Group by 161.4% in the 4th quarter. First Horizon Advisors Inc. now owns 2,894 shares of the company's stock worth $29,000 after buying an additional 1,787 shares during the period. Zions Bancorporation National Association UT bought a new position in NatWest Group in the 1st quarter worth approximately $29,000. Finally, Pinnacle Bancorp Inc. bought a new position in NatWest Group in the 1st quarter worth approximately $30,000. 1.27% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of brokerages have commented on NWG. BNP Paribas lowered NatWest Group from an "outperform" rating to a "neutral" rating in a research report on Tuesday, March 4th. Peel Hunt lowered NatWest Group from a "strong-buy" rating to a "moderate buy" rating in a report on Thursday, March 6th. Finally, Citigroup reiterated a "buy" rating on shares of NatWest Group in a report on Monday, April 28th. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Buy".
View Our Latest Stock Report on NWG
About NatWest Group
(
Get Free Report)
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.
Read More
Before you consider NatWest Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and NatWest Group wasn't on the list.
While NatWest Group currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Today, we are inviting you to take a free peek at our proprietary, exclusive, and up-to-the-minute list of 20 stocks that Wall Street's top analysts hate.
Many of these appear to have good fundamentals and might seem like okay investments, but something is wrong. Analysts smell something seriously rotten about these companies. These are true "Strong Sell" stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
