NatWest Group (NYSE:NWG) Sees Strong Trading Volume

NatWest Group plc (NYSE:NWG) shares saw strong trading volume on Tuesday . 2,124,592 shares changed hands 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 Trading Up 1.3 %

The company has a debt-to-equity ratio of 0.17, a current ratio of 1.08 and a quick ratio of 1.08. The stock has a 50-day simple moving average of $8.08 and a 200-day simple moving average of $6.80.

NatWest Group (NYSE:NWG) last issued its quarterly earnings results on Friday, April 26th. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.23 by $0.03. The company had revenue of $3.48 billion for the quarter. Sell-side analysts expect that NatWest Group plc will post 0.98 earnings per share for the current fiscal year.

Institutional Investors Weigh In On NatWest Group

A number of institutional investors have recently made changes to their positions in the company. Sequoia Financial Advisors LLC boosted its holdings in NatWest Group by 320.0% in the fourth quarter. Sequoia Financial Advisors LLC now owns 120,003 shares of the company’s stock worth $676,000 after purchasing an additional 91,434 shares during the period. &PARTNERS acquired a new position in shares of NatWest Group in the 1st quarter valued at about $77,000. Envestnet Asset Management Inc. grew its position in shares of NatWest Group by 66.9% during the 3rd quarter. Envestnet Asset Management Inc. now owns 706,519 shares of the company’s stock valued at $4,119,000 after buying an additional 283,301 shares during the last quarter. Brandes Investment Partners LP raised its stake in NatWest Group by 44.4% during the fourth quarter. Brandes Investment Partners LP now owns 1,306,605 shares of the company’s stock worth $7,356,000 after acquiring an additional 401,868 shares during the period. Finally, D Orazio & Associates Inc. lifted its holdings in NatWest Group by 24.3% in the fourth quarter. D Orazio & Associates Inc. now owns 12,845 shares of the company’s stock worth $72,000 after acquiring an additional 2,513 shares during the last quarter. 1.27% of the stock is currently owned by institutional investors.

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.