NatWest Group (NYSE:NWG) Raised to Moderate Buy at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods upgraded shares of NatWest Group (NYSE:NWG) from a hold rating to a moderate buy rating in a research note published on Monday,Zacks.com reports.

Several other equities research analysts have also commented on the stock. Jefferies Financial Group upgraded shares of NatWest Group from an “underperform” rating to a “buy” rating in a research report on Tuesday, October 15th. Kepler Capital Markets started coverage on NatWest Group in a research note on Thursday, September 5th. They set a “buy” rating on the stock. UBS Group raised NatWest Group to a “strong-buy” rating in a report on Tuesday, July 30th. Finally, The Goldman Sachs Group assumed coverage on NatWest Group in a report on Friday, October 4th. They issued a “buy” rating on the stock. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, NatWest Group currently has an average rating of “Buy”.

NatWest Group Stock Performance

NatWest Group stock traded down $0.08 during trading hours on Monday, reaching $9.96. 1,306,138 shares of the stock were exchanged, compared to its average volume of 2,224,146. The stock has a market cap of $41.36 billion, a P/E ratio of 7.52 and a beta of 1.32. The firm’s 50 day moving average is $9.29 and its 200 day moving average is $8.70. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.06 and a current ratio of 1.06. NatWest Group has a 52-week low of $4.79 and a 52-week high of $10.24.

Institutional Trading of NatWest Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. Natixis Advisors LLC grew its stake in NatWest Group by 10.7% during the 3rd quarter. Natixis Advisors LLC now owns 10,709,944 shares of the company’s stock valued at $100,245,000 after acquiring an additional 1,031,057 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of NatWest Group by 3.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 7,048,194 shares of the company’s stock valued at $56,615,000 after buying an additional 205,439 shares in the last quarter. Teachers Retirement System of The State of Kentucky increased its stake in shares of NatWest Group by 9.4% during the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 2,623,571 shares of the company’s stock worth $21,068,000 after purchasing an additional 224,900 shares during the last quarter. Raymond James & Associates lifted its stake in shares of NatWest Group by 6.7% in the 3rd quarter. Raymond James & Associates now owns 2,564,252 shares of the company’s stock valued at $24,001,000 after purchasing an additional 162,068 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its position in NatWest Group by 55.4% during the second quarter. Envestnet Asset Management Inc. now owns 1,759,325 shares of the company’s stock worth $14,127,000 after buying an additional 627,097 shares during the last quarter. 1.27% of the stock is currently owned by institutional investors.

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.