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

Shares of NatWest Group plc (NYSE:NWG) saw strong trading volume on Friday . 87,016 shares changed hands during trading, a decline of 93% from the previous session’s volume of 1,305,067 shares.The stock last traded at $5.97 and had previously closed at $5.98.

A number of analysts have commented on the stock. JPMorgan Chase & Co. restated a “neutral” rating on shares of NatWest Group in a research report on Monday, August 2nd. Morgan Stanley restated an “overweight” rating on shares of NatWest Group in a research report on Monday, June 7th. Societe Generale restated a “buy” rating on shares of NatWest Group in a research report on Monday, August 2nd. Royal Bank of Canada reaffirmed an “outperform” rating on shares of NatWest Group in a research note on Friday, August 6th. Finally, Barclays reaffirmed an “equal weight” rating on shares of NatWest Group in a research note on Tuesday, June 8th. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $5.79.

The company’s 50 day moving average price is $5.80 and its 200-day moving average price is $5.64. The company has a market cap of $34.64 billion, a price-to-earnings ratio of 13.91 and a beta of 1.50. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.05 and a current ratio of 1.06.

NatWest Group (NYSE:NWG) last released its earnings results on Friday, July 30th. The company reported $0.30 earnings per share for the quarter. The business had revenue of $3.72 billion for the quarter. NatWest Group had a net margin of 15.28% and a return on equity of 4.30%.

The company also recently announced a Semi-Annual dividend, which was paid on Friday, September 17th. Stockholders of record on Friday, August 13th were given a $0.081 dividend. This represents a dividend yield of 2.8%. The ex-dividend date was Thursday, August 12th.

Several institutional investors have recently added to or reduced their stakes in the company. Parametric Portfolio Associates LLC increased its position in shares of NatWest Group by 6.4% in the second quarter. Parametric Portfolio Associates LLC now owns 5,656,480 shares of the company’s stock worth $31,903,000 after acquiring an additional 339,452 shares in the last quarter. Dimensional Fund Advisors LP grew its position in NatWest Group by 2.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,702,676 shares of the company’s stock valued at $21,256,000 after purchasing an additional 123,660 shares in the last quarter. Goldman Sachs Group Inc. grew its position in NatWest Group by 15.2% during the second quarter. Goldman Sachs Group Inc. now owns 3,830,350 shares of the company’s stock valued at $21,603,000 after purchasing an additional 504,675 shares in the last quarter. Bank of New York Mellon Corp grew its position in NatWest Group by 2.5% during the first quarter. Bank of New York Mellon Corp now owns 1,438,484 shares of the company’s stock valued at $7,726,000 after purchasing an additional 35,318 shares in the last quarter. Finally, BlackRock Inc. grew its position in NatWest Group by 35.9% during the second quarter. BlackRock Inc. now owns 1,309,784 shares of the company’s stock valued at $7,387,000 after purchasing an additional 345,955 shares in the last quarter. 0.52% of the stock is currently owned by institutional investors and hedge funds.

About NatWest Group (NYSE:NWG)

NatWest Group Plc engages in the provision of international banking and financial services. It operates through the following segments: Personal and Business Banking, Commercial and Private Banking, RBS International (RBSI), NatWest Markets, and Central Items and Other. The Personal and Business Banking segment consists of the United Kingdom Personal, Business Banking, and Ulster Bank RoI sub-segments.

See Also: Capital gains and your 401(k) or IRA

Receive News & Ratings for NatWest Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NatWest Group and related companies with MarketBeat.com's FREE daily email newsletter.