NatWest Group (NYSE:NWG) Shares Gap Down – Here’s Why

NatWest Group plc (NYSE:NWG) shares gapped down before the market opened on Friday . The stock had previously closed at $11.10, but opened at $10.76. NatWest Group shares last traded at $10.77, with a volume of 935,390 shares changing hands.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods upgraded shares of NatWest Group from a “hold” rating to a “moderate buy” rating in a research note on Monday, November 4th. Three investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy”.

NatWest Group Price Performance

The company has a debt-to-equity ratio of 0.17, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a market cap of $43.80 billion, a price-to-earnings ratio of 8.25, a P/E/G ratio of 0.84 and a beta of 1.30. The business’s 50-day moving average price is $10.40 and its two-hundred day moving average price is $9.75.

Hedge Funds Weigh In On NatWest Group

A number of hedge funds have recently added to or reduced their stakes in NWG. Natixis Advisors LLC lifted its stake in NatWest Group by 3.8% in the fourth quarter. Natixis Advisors LLC now owns 11,118,183 shares of the company’s stock valued at $113,072,000 after buying an additional 408,239 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of NatWest Group by 3.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 7,322,718 shares of the company’s stock valued at $74,473,000 after purchasing an additional 216,053 shares in the last quarter. Todd Asset Management LLC raised its stake in shares of NatWest Group by 0.3% during the fourth quarter. Todd Asset Management LLC now owns 4,135,388 shares of the company’s stock valued at $42,057,000 after purchasing an additional 10,755 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of NatWest Group during the fourth quarter valued at about $27,339,000. Finally, Teachers Retirement System of The State of Kentucky raised its position in NatWest Group by 5.0% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 2,673,551 shares of the company’s stock worth $27,190,000 after acquiring an additional 127,680 shares in the last quarter. Institutional investors and hedge funds 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.