NatWest Group plc (NYSE:NWG) Short Interest Update

NatWest Group plc (NYSE:NWG) was the target of a large drop in short interest during the month of June. As of June 30th, there was short interest totaling 993,761 shares, a drop of 43.1% from the June 15th total of 1,747,359 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 7,520,622 shares, the days-to-cover ratio is currently 0.1 days.

NatWest Group Trading Up 0.6%

Shares of NatWest Group stock traded up $0.12 on Friday, reaching $17.95. 4,035,330 shares of the company’s stock were exchanged, compared to its average volume of 4,137,766. The company has a market capitalization of $71.54 billion, a P/E ratio of 9.55, a price-to-earnings-growth ratio of 0.92 and a beta of 0.92. NatWest Group has a 52 week low of $13.30 and a 52 week high of $19.35. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.04 and a current ratio of 1.04. The firm’s 50-day moving average is $16.58 and its two-hundred day moving average is $16.51.

NatWest Group (NYSE:NWG) last released its earnings results on Friday, May 1st. The company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.04. NatWest Group had a net margin of 19.11% and a return on equity of 13.30%. The company had revenue of $5.59 billion for the quarter, compared to the consensus estimate of $5.80 billion. Sell-side analysts predict that NatWest Group will post 1.94 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently commented on NWG. Weiss Ratings lowered NatWest Group from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, May 4th. Zacks Research lowered shares of NatWest Group from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. BNP Paribas Exane raised shares of NatWest Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 11th. Keefe, Bruyette & Woods downgraded shares of NatWest Group from a “moderate buy” rating to a “hold” rating in a research note on Monday, April 20th. Finally, Berenberg Bank began coverage on shares of NatWest Group in a report on Wednesday, June 24th. They issued a “buy” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Institutional Trading of NatWest Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Larson Financial Group LLC increased its holdings in shares of NatWest Group by 427.7% during the third quarter. Larson Financial Group LLC now owns 1,831 shares of the company’s stock valued at $26,000 after acquiring an additional 1,484 shares in the last quarter. American National Bank & Trust bought a new position in shares of NatWest Group in the 4th quarter worth $31,000. Rachor Investment Advisory Services LLC acquired a new stake in NatWest Group in the 4th quarter valued at $34,000. Caitong International Asset Management Co. Ltd grew its position in NatWest Group by 173.6% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,197 shares of the company’s stock valued at $38,000 after purchasing an additional 1,394 shares during the period. Finally, Allworth Financial LP increased its stake in NatWest Group by 186.8% during the 3rd quarter. Allworth Financial LP now owns 2,739 shares of the company’s stock valued at $39,000 after purchasing an additional 1,784 shares in the last quarter. 1.27% of the stock is owned by institutional investors.

NatWest Group Company Profile

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.