NatWest Group (NYSE:NWG) Shares Gap Down – Should You Sell?

NatWest Group plc (NYSE:NWG) gapped down before the market opened on Friday . The stock had previously closed at $10.21, but opened at $9.92. NatWest Group shares last traded at $9.94, with a volume of 565,326 shares trading hands.

Analyst Ratings Changes

Several brokerages have recently issued reports on NWG. UBS Group raised NatWest Group to a “strong-buy” rating in a report on Tuesday, July 30th. The Goldman Sachs Group started coverage on shares of NatWest Group in a research note on Friday, October 4th. They set a “buy” rating on the stock. Jefferies Financial Group raised shares of NatWest Group from an “underperform” rating to a “buy” rating in a research note on Tuesday, October 15th. Kepler Capital Markets began coverage on shares of NatWest Group in a research report on Thursday, September 5th. They set a “buy” rating on the stock. Finally, Keefe, Bruyette & Woods upgraded NatWest Group from a “hold” rating to a “moderate buy” rating in a research report on Monday, November 4th. Three equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, NatWest Group currently has an average rating of “Buy”.

NatWest Group Stock 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 business has a 50-day moving average of $9.55 and a 200-day moving average of $8.90. The company has a market capitalization of $41.11 billion, a P/E ratio of 7.50 and a beta of 1.32.

Institutional Investors Weigh In On NatWest Group

Institutional investors have recently made changes to their positions in the company. Natixis Advisors LLC raised its position in NatWest Group by 10.7% in 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. Dimensional Fund Advisors LP raised its holdings in shares of NatWest Group by 3.0% in the second quarter. Dimensional Fund Advisors LP now owns 7,048,194 shares of the company’s stock worth $56,615,000 after buying an additional 205,439 shares during the period. Teachers Retirement System of The State of Kentucky raised 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 worth $21,068,000 after buying an additional 224,900 shares during the period. Raymond James & Associates lifted its stake in shares of NatWest Group by 6.7% during the 3rd quarter. Raymond James & Associates now owns 2,564,252 shares of the company’s stock worth $24,001,000 after acquiring an additional 162,068 shares during the last quarter. Finally, FMR LLC boosted its holdings in NatWest Group by 57.0% during the 3rd quarter. FMR LLC now owns 1,988,329 shares of the company’s stock valued at $18,611,000 after acquiring an additional 721,578 shares during the period. Institutional investors own 1.27% of the company’s stock.

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.