NatWest Group (NYSE:NWG) Shares Gap Down – Time to Sell?

NatWest Group plc (NYSE:NWG)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $10.37, but opened at $10.11. NatWest Group shares last traded at $10.00, with a volume of 281,606 shares trading hands.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on NWG. Jefferies Financial Group raised shares of NatWest Group from an “underperform” rating to a “buy” rating in a research note on Tuesday, October 15th. The Goldman Sachs Group began coverage on NatWest Group in a report on Friday, October 4th. They set a “buy” rating on the stock. Finally, Keefe, Bruyette & Woods upgraded NatWest Group from a “hold” rating to a “moderate buy” rating in a research report on Monday, November 4th. Three investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, NatWest Group currently has a consensus rating of “Buy”.

NatWest Group Stock 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 fifty day moving average price of $10.16 and a two-hundred day moving average price of $9.37. The stock has a market capitalization of $40.14 billion, a PE ratio of 7.56 and a beta of 1.31.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in NWG. Quantbot Technologies LP bought a new stake in shares of NatWest Group in the third quarter valued at about $572,000. XTX Topco Ltd purchased a new position in NatWest Group during the 2nd quarter worth $597,000. Sanctuary Advisors LLC increased its holdings in shares of NatWest Group by 394.6% during the third quarter. Sanctuary Advisors LLC now owns 246,575 shares of the company’s stock valued at $2,441,000 after acquiring an additional 196,724 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in NatWest Group by 22.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 245,631 shares of the company’s stock valued at $2,299,000 after purchasing an additional 44,422 shares in the last quarter. Finally, US Bancorp DE raised its stake in NatWest Group by 352.4% in the 3rd quarter. US Bancorp DE now owns 567,421 shares of the company’s stock worth $5,311,000 after acquiring an additional 442,002 shares during the last quarter. Hedge funds and other institutional investors 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.