NatWest Group (NYSE:NWG) Hits New 52-Week High - Here's Why

NatWest Group plc (NYSE:NWG - Get Free Report) shares hit a new 52-week high on Tuesday . The company traded as high as $18.55 and last traded at $18.4190, with a volume of 467750 shares changing hands. The stock had previously closed at $17.90.Get NatWest Group alerts:Analysts Set New Price Targets3 International Bank Stocks With Strong DividendsA number of research analysts recently commented on NWG shares. Barclays reissued an "equal weight" rating on shares of NatWest Group in a report on Wednesday, January 7th. The Goldman Sachs Group reaffirmed a "neutral" rating on shares of NatWest Group in a report on Thursday, December 4th. Weiss Ratings reiterated a "buy (b)" rating on shares of NatWest Group in a report on Thursday. Finally, Zacks Research lowered NatWest Group from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, December 10th. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold".Get Our Latest Stock Report on NatWest GroupNatWest Group Stock Up 1.9%The company's fifty day simple moving average is $16.97 and its 200 day simple moving average is $15.40. The firm has a market capitalization of $73.00 billion, a P/E ratio of 10.61, a price-to-earnings-growth ratio of 0.63 and a beta of 0.99. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.14. NatWest Group (NYSE:NWG - Get Free Report) last posted its quarterly earnings data on Friday, October 24th. The company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.50 by $0.03. NatWest Group had a return on equity of 12.77% and a net margin of 18.18%.The firm had revenue of $5.82 billion for the quarter, compared to the consensus estimate of $5.63 billion. Research analysts expect that NatWest Group plc will post 1.35 EPS for the current year. Hedge Funds Weigh In On NatWest GroupA number of institutional investors have recently bought and sold shares of the company. Dogwood Wealth Management LLC purchased a new position in NatWest Group in the second quarter valued at approximately $26,000. Larson Financial Group LLC lifted its stake in shares of NatWest Group by 427.7% in the third quarter. Larson Financial Group LLC now owns 1,831 shares of the company's stock worth $26,000 after acquiring an additional 1,484 shares in the last quarter. Salomon & Ludwin LLC boosted its stake in NatWest Group by 2,941.7% in the third quarter. Salomon & Ludwin LLC now owns 1,825 shares of the company's stock valued at $27,000 after acquiring an additional 1,765 shares during the period. Bessemer Group Inc. increased its stake in NatWest Group by 88.7% during the 3rd quarter. Bessemer Group Inc. now owns 2,068 shares of the company's stock valued at $29,000 after buying an additional 972 shares during the period. Finally, American National Bank & Trust purchased a new stake in shares of NatWest Group during the fourth quarter valued at $31,000. 1.27% of the stock is owned by hedge funds and other institutional investors. About NatWest Group (Get Free Report)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.Read MoreFive stocks we like better than NatWest GroupHow a Family Trust May Be Able To Help Preserve Your WealthDo not delete, read immediatelyRefund From 1933: Trump’s Reset May Create Instant WealthNEW LAW: Congress Approves Setup For Digital Dollar?The $100 Trillion AI Story No One Is Telling YouThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in NatWest Group Right Now?Before you consider NatWest Group, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and NatWest Group wasn't on the list.While NatWest Group currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here