NatWest Group (NYSE:NWG) Shares Gap Down – Here’s What Happened

NatWest Group plc (NYSE:NWG)’s share price gapped down before the market opened on Monday . The stock had previously closed at $18.11, but opened at $16.74. NatWest Group shares last traded at $16.7830, with a volume of 1,228,203 shares.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Barclays restated an “equal weight” rating on shares of NatWest Group in a report on Wednesday, January 7th. The Goldman Sachs Group restated a “neutral” rating on shares of NatWest Group in a research note on Thursday, December 4th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of NatWest Group in a report on Thursday, January 22nd. Finally, Zacks Research cut NatWest Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 10th. Two analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold”.

NatWest Group Stock Performance

The company’s fifty day simple moving average is $17.46 and its two-hundred day simple moving average is $15.75. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.05 and a current ratio of 1.05. The stock has a market capitalization of $66.31 billion, a P/E ratio of 9.61, a PEG ratio of 0.60 and a beta of 0.96.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Larson Financial Group LLC increased its position in NatWest Group by 427.7% during the 3rd quarter. Larson Financial Group LLC now owns 1,831 shares of the company’s stock worth $26,000 after buying an additional 1,484 shares during the period. Salomon & Ludwin LLC raised its stake in NatWest Group by 2,941.7% in the 3rd quarter. Salomon & Ludwin LLC now owns 1,825 shares of the company’s stock worth $27,000 after purchasing an additional 1,765 shares in the last quarter. Bessemer Group Inc. boosted its holdings in NatWest Group by 88.7% in the 3rd quarter. Bessemer Group Inc. now owns 2,068 shares of the company’s stock valued at $29,000 after purchasing an additional 972 shares during the period. American National Bank & Trust acquired a new position in shares of NatWest Group during the 4th quarter worth approximately $31,000. Finally, Rachor Investment Advisory Services LLC bought a new position in shares of NatWest Group during the fourth quarter worth approximately $34,000. 1.27% of the stock is owned by institutional investors and hedge funds.

About NatWest Group

NatWest Group plc is a major UK-based banking and financial services group headquartered in Edinburgh, Scotland. The company traces its roots to the Royal Bank of Scotland, founded in 1727, and adopted the NatWest Group name in 2020 as part of a strategic refocus on its NatWest brand. NatWest Group is listed on the London Stock Exchange and also has American depositary shares trading on the New York Stock Exchange under the symbol NWG.

The group provides a broad range of banking services across retail, private, commercial, corporate and institutional segments.