NatWest Group plc (NYSE:NWG) Short Interest Down 21.7% in October

NatWest Group plc (NYSE:NWG) saw a large decrease in short interest in the month of October. As of October 31st, there was short interest totalling 745,700 shares, a decrease of 21.7% from the October 15th total of 952,900 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 2,390,000 shares, the short-interest ratio is presently 0.3 days.

Institutional Investors Weigh In On NatWest Group

Institutional investors have recently bought and sold shares of the company. Natixis Advisors LLC boosted its holdings in NatWest Group by 10.7% in the third quarter. Natixis Advisors LLC now owns 10,709,944 shares of the company’s stock worth $100,245,000 after acquiring an additional 1,031,057 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in NatWest Group by 3.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 7,048,194 shares of the company’s stock valued at $56,615,000 after purchasing an additional 205,439 shares during the last quarter. Teachers Retirement System of The State of Kentucky increased 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 valued at $21,068,000 after purchasing an additional 224,900 shares during the period. Raymond James & Associates raised its stake in shares of NatWest Group by 6.7% in the third quarter. Raymond James & Associates now owns 2,564,252 shares of the company’s stock worth $24,001,000 after purchasing an additional 162,068 shares during the last quarter. Finally, FMR LLC lifted its holdings in shares of NatWest Group by 57.0% during the third quarter. FMR LLC now owns 1,988,329 shares of the company’s stock worth $18,611,000 after purchasing an additional 721,578 shares during the period. 1.27% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

NatWest Group Trading Up 1.2 %

NWG stock traded up $0.12 during midday trading on Friday, reaching $10.08. The company’s stock had a trading volume of 1,994,807 shares, compared to its average volume of 2,214,611. The firm has a market capitalization of $41.86 billion, a price-to-earnings ratio of 7.55 and a beta of 1.32. NatWest Group has a 1 year low of $4.98 and a 1 year high of $10.31. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a fifty day simple moving average of $9.39 and a two-hundred day simple moving average of $8.80.

NatWest Group Company Profile

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.