NatWest Group plc (NYSE:NWG) Short Interest Update

NatWest Group plc (NYSE:NWG) was the target of a large decrease in short interest in the month of June. As of June 30th, there was short interest totaling 993,761 shares, a decrease of 43.1% from the June 15th total of 1,747,359 shares. Based on an average trading volume of 7,520,622 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on NWG shares. Wall Street Zen downgraded NatWest Group from a “buy” rating to a “hold” rating in a report on Saturday, June 27th. Berenberg Bank initiated coverage on shares of NatWest Group in a research report on Wednesday, June 24th. They issued a “buy” rating on the stock. Zacks Research cut shares of NatWest Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Keefe, Bruyette & Woods downgraded shares of NatWest Group from a “moderate buy” rating to a “hold” rating in a report on Monday, April 20th. Finally, Weiss Ratings lowered shares of NatWest Group from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, NatWest Group currently has a consensus rating of “Moderate Buy”.

NatWest Group Stock Performance

NYSE:NWG traded down $0.10 during mid-day trading on Thursday, hitting $17.82. 4,517,439 shares of the stock were exchanged, compared to its average volume of 4,754,756. The stock has a market capitalization of $71.05 billion, a price-to-earnings ratio of 9.53, a price-to-earnings-growth ratio of 0.92 and a beta of 0.92. The firm’s 50-day simple moving average is $16.53 and its 200 day simple moving average is $16.51. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.04 and a current ratio of 1.04. NatWest Group has a fifty-two week low of $13.27 and a fifty-two week high of $19.35.

NatWest Group (NYSE:NWG) last issued its quarterly earnings data on Friday, May 1st. The company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.04. NatWest Group had a return on equity of 13.30% and a net margin of 19.11%.The firm had revenue of $5.59 billion for the quarter, compared to analyst estimates of $5.80 billion. As a group, equities analysts anticipate that NatWest Group will post 1.94 EPS for the current fiscal year.

Hedge Funds Weigh In On NatWest Group

Institutional investors and hedge funds have recently modified their holdings of the business. Wealthstar Advisors LLC increased its stake in NatWest Group by 1.5% in the fourth quarter. Wealthstar Advisors LLC now owns 40,576 shares of the company’s stock valued at $710,000 after acquiring an additional 595 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its stake in NatWest Group by 17.5% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,667 shares of the company’s stock worth $82,000 after purchasing an additional 695 shares during the last quarter. Evergreen Capital Management LLC lifted its stake in NatWest Group by 2.4% during the second quarter. Evergreen Capital Management LLC now owns 29,272 shares of the company’s stock worth $414,000 after purchasing an additional 697 shares during the last quarter. Vise Technologies Inc. boosted its holdings in shares of NatWest Group by 1.6% in the 3rd quarter. Vise Technologies Inc. now owns 46,783 shares of the company’s stock valued at $662,000 after purchasing an additional 733 shares in the last quarter. Finally, Perigon Wealth Management LLC boosted its holdings in shares of NatWest Group by 5.6% in the 4th quarter. Perigon Wealth Management LLC now owns 15,342 shares of the company’s stock valued at $268,000 after purchasing an additional 812 shares in the last quarter. 1.27% of the stock is currently owned by institutional investors and hedge funds.

NatWest Group Company Profile

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.