NatWest Group (NYSE:NWG) Stock Rating Upgraded by UBS Group

NatWest Group (NYSE:NWG) was upgraded by investment analysts at UBS Group to a “strong-buy” rating in a research report issued to clients and investors on Tuesday, Zacks.com reports.

NatWest Group Stock Performance

Shares of NWG stock opened at $9.55 on Tuesday. NatWest Group has a 12-month low of $4.30 and a 12-month high of $9.68. The firm has a market capitalization of $39.71 billion, a price-to-earnings ratio of 7.84, a price-to-earnings-growth ratio of 2.12 and a beta of 1.35. The business has a 50 day simple moving average of $8.39 and a 200 day simple moving average of $7.24. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.07 and a quick ratio of 1.08.

Institutional Trading of NatWest Group

Large investors have recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC increased its stake in shares of NatWest Group by 4.4% in the second quarter. Sequoia Financial Advisors LLC now owns 29,328 shares of the company’s stock worth $236,000 after acquiring an additional 1,230 shares during the last quarter. First Trust Direct Indexing L.P. increased its stake in shares of NatWest Group by 4.9% in the first quarter. First Trust Direct Indexing L.P. now owns 31,986 shares of the company’s stock worth $218,000 after acquiring an additional 1,501 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of NatWest Group by 65.7% in the second quarter. GAMMA Investing LLC now owns 4,566 shares of the company’s stock worth $37,000 after acquiring an additional 1,810 shares during the last quarter. Addison Advisors LLC increased its stake in shares of NatWest Group by 48.9% in the fourth quarter. Addison Advisors LLC now owns 6,520 shares of the company’s stock worth $37,000 after acquiring an additional 2,141 shares during the last quarter. Finally, Legacy Wealth Asset Management LLC increased its stake in shares of NatWest Group by 2.4% in the first quarter. Legacy Wealth Asset Management LLC now owns 97,668 shares of the company’s stock worth $664,000 after acquiring an additional 2,268 shares during the last quarter. 1.27% of the stock is owned by institutional investors and hedge funds.

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.