NatWest Group (NYSE:NWG) Sees Unusually-High Trading Volume

NatWest Group plc (NYSE:NWG) shares saw unusually-high trading volume on Tuesday . Approximately 2,124,592 shares were traded during mid-day 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 Performance

The company’s fifty day moving average is $8.03 and its two-hundred day moving average is $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 issued its quarterly earnings results on Friday, April 26th. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.03. The business had revenue of $3.48 billion during the quarter. On average, analysts forecast that NatWest Group plc will post 0.98 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Boston Partners grew its position in NatWest Group by 67.4% in the 1st quarter. Boston Partners now owns 282,525 shares of the company’s stock valued at $1,925,000 after acquiring an additional 113,759 shares in the last quarter. Teachers Retirement System of The State of Kentucky grew its holdings in NatWest Group by 18.3% during 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 acquiring an additional 370,200 shares during the period. Cetera Advisors LLC acquired a new position in NatWest Group during the first quarter worth $129,000. B. Riley Wealth Advisors Inc. grew its holdings in NatWest Group by 57.0% during the first quarter. B. Riley Wealth Advisors Inc. now owns 19,029 shares of the company’s stock worth $129,000 after acquiring an additional 6,910 shares during the period. Finally, Bayesian Capital Management LP purchased a new stake in NatWest Group during the first quarter worth $426,000. Hedge funds and other institutional investors own 1.27% of the company’s stock.

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.