NatWest Group (NYSE:NWG) Shares Gap Up – What’s Next?

NatWest Group plc (NYSE:NWG) gapped up prior to trading on Monday . The stock had previously closed at $9.76, but opened at $10.18. NatWest Group shares last traded at $10.16, with a volume of 559,109 shares.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. UBS Group upgraded shares of NatWest Group to a “strong-buy” rating in a report on Tuesday, July 30th. Kepler Capital Markets initiated coverage on shares of NatWest Group in a report on Thursday, September 5th. They issued a “buy” rating on the stock. Jefferies Financial Group upgraded shares of NatWest Group from an “underperform” rating to a “buy” rating in a research note on Tuesday, October 15th. Finally, The Goldman Sachs Group began coverage on NatWest Group in a report on Friday, October 4th. They set a “buy” rating on the stock. Five equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, NatWest Group has an average rating of “Buy”.

NatWest Group Stock Up 3.5 %

The firm has a market cap of $41.94 billion, a price-to-earnings ratio of 7.73 and a beta of 1.32. The firm has a 50 day moving average of $9.22 and a 200 day moving average of $8.64. The company has a quick ratio of 1.08, a current ratio of 1.06 and a debt-to-equity ratio of 0.17.

Institutional Trading of NatWest Group

Several institutional investors and hedge funds have recently modified their holdings of the stock. Bruce G. Allen Investments LLC increased its holdings in NatWest Group by 285.3% in the 3rd quarter. Bruce G. Allen Investments LLC now owns 2,813 shares of the company’s stock worth $26,000 after acquiring an additional 2,083 shares during the last quarter. SageView Advisory Group LLC purchased a new stake in NatWest Group during the first quarter valued at about $27,000. EverSource Wealth Advisors LLC boosted its stake in NatWest Group by 45.7% in the second quarter. EverSource Wealth Advisors LLC now owns 4,013 shares of the company’s stock worth $32,000 after buying an additional 1,259 shares in the last quarter. Hexagon Capital Partners LLC grew its holdings in shares of NatWest Group by 134.5% during the 3rd quarter. Hexagon Capital Partners LLC now owns 3,452 shares of the company’s stock valued at $32,000 after purchasing an additional 1,980 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of NatWest Group by 65.7% in the 2nd quarter. GAMMA Investing LLC now owns 4,566 shares of the company’s stock valued at $37,000 after acquiring an additional 1,810 shares during the last quarter. 1.27% of the stock is owned by hedge funds and other institutional investors.

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.