NatWest Group (NYSE:NWG) Hits New 52-Week High – Still a Buy?

NatWest Group plc (NYSE:NWG)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $11.37 and last traded at $11.39, with a volume of 774709 shares traded. The stock had previously closed at $10.84.

Analyst Upgrades and Downgrades

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

NatWest Group Stock Up 5.2 %

The company has a market cap of $45.93 billion, a P/E ratio of 8.64, a PEG ratio of 0.84 and a beta of 1.30. The stock has a 50-day moving average of $10.43 and a 200 day moving average of $9.79. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.06 and a quick ratio of 1.06.

Hedge Funds Weigh In On NatWest Group

Several hedge funds and other institutional investors have recently made changes to their positions in NWG. Quantbot Technologies LP bought a new position in NatWest Group in the third quarter valued at approximately $572,000. Sanctuary Advisors LLC boosted its holdings in shares of NatWest Group by 394.6% in the 3rd quarter. Sanctuary Advisors LLC now owns 246,575 shares of the company’s stock valued at $2,441,000 after purchasing an additional 196,724 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of NatWest Group by 22.1% in 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 during the last quarter. US Bancorp DE raised its holdings in shares of NatWest Group by 352.4% during the 3rd quarter. US Bancorp DE now owns 567,421 shares of the company’s stock worth $5,311,000 after buying an additional 442,002 shares in the last quarter. Finally, QRG Capital Management Inc. lifted its position in shares of NatWest Group by 78.8% during the 3rd quarter. QRG Capital Management Inc. now owns 329,582 shares of the company’s stock worth $3,085,000 after buying an additional 145,295 shares during the last quarter. 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.