NatWest Group (NYSE:NWG) Sees Large Volume Increase

NatWest Group plc (NYSE:NWG) shares saw an uptick in trading volume on Tuesday . 2,124,592 shares changed hands during trading, an increase of 6% from the previous session’s volume of 1,995,353 shares.The stock last traded at $8.18 and had previously closed at $8.13.

NatWest Group Stock Up 1.1 %

The business has a 50-day moving average of $8.03 and a 200-day moving average of $6.77. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.08 and a quick ratio of 1.08.

NatWest Group (NYSE:NWG) last posted its quarterly earnings data on Friday, April 26th. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.23 by $0.03. The company had revenue of $3.48 billion for the quarter. As a group, research analysts forecast that NatWest Group plc will post 0.98 earnings per share for the current fiscal year.

Hedge Funds Weigh In On NatWest Group

Institutional investors have recently added to or reduced their stakes in the business. Boston Partners raised its holdings in shares of NatWest Group by 67.4% in the 1st quarter. Boston Partners now owns 282,525 shares of the company’s stock worth $1,925,000 after purchasing an additional 113,759 shares during the period. Teachers Retirement System of The State of Kentucky boosted its position in shares of NatWest Group by 18.3% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 2,398,671 shares of the company’s stock worth $16,311,000 after buying an additional 370,200 shares during the period. Cetera Advisors LLC purchased a new stake in shares of NatWest Group during the 1st quarter valued at about $129,000. B. Riley Wealth Advisors Inc. lifted its holdings in NatWest Group by 57.0% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 19,029 shares of the company’s stock worth $129,000 after buying an additional 6,910 shares in the last quarter. Finally, Bayesian Capital Management LP purchased a new position in NatWest Group in the 1st quarter valued at about $426,000. 1.27% of the stock is currently owned by institutional investors and hedge funds.

NatWest Group Company Profile

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.