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 on Tuesday . The stock traded as high as $10.76 and last traded at $10.77, with a volume of 2645170 shares traded. The stock had previously closed at $10.67.

Analyst Upgrades and Downgrades

NWG has been the subject of several research reports. Keefe, Bruyette & Woods upgraded shares of NatWest Group from a “hold” rating to a “moderate buy” rating in a research note on Monday, November 4th. The Goldman Sachs Group started coverage on shares of NatWest Group in a research report on Friday, October 4th. They set a “buy” rating for the company. Finally, Jefferies Financial Group upgraded NatWest Group from an “underperform” rating to a “buy” rating in a research note on Tuesday, October 15th. Three research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy”.

NatWest Group Price 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 stock has a market capitalization of $43.31 billion, a PE ratio of 8.15, a P/E/G ratio of 0.77 and a beta of 1.31. The stock’s fifty day moving average is $10.20 and its 200-day moving average is $9.56.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Mediolanum International Funds Ltd acquired a new stake in NatWest Group during the 3rd quarter worth $11,420,000. Natixis Advisors LLC boosted its position in shares of NatWest Group by 10.7% during the 3rd quarter. Natixis Advisors LLC now owns 10,709,944 shares of the company’s stock worth $100,245,000 after purchasing an additional 1,031,057 shares during the period. FMR LLC grew its stake in shares of NatWest Group by 57.0% in the third quarter. FMR LLC now owns 1,988,329 shares of the company’s stock valued at $18,611,000 after buying an additional 721,578 shares in the last quarter. US Bancorp DE grew its position in NatWest Group by 352.4% in the 3rd quarter. US Bancorp DE now owns 567,421 shares of the company’s stock valued at $5,311,000 after acquiring an additional 442,002 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky grew its holdings in shares of NatWest Group by 9.4% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 2,623,571 shares of the company’s stock valued at $21,068,000 after purchasing an additional 224,900 shares in the last quarter. 1.27% of the stock is owned by institutional investors and hedge funds.

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.