NatWest Group plc (NYSE:NWG) Sees Large Decline in Short Interest

NatWest Group plc (NYSE:NWGGet Rating) saw a large decrease in short interest during the month of April. As of April 15th, there was short interest totalling 1,710,000 shares, a decrease of 18.6% from the March 31st total of 2,100,000 shares. Based on an average daily volume of 2,060,000 shares, the days-to-cover ratio is currently 0.8 days.

Shares of NatWest Group stock opened at $5.43 on Tuesday. The stock has a market capitalization of $28.73 billion, a P/E ratio of 7.14, a price-to-earnings-growth ratio of 0.76 and a beta of 1.30. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.20. The company has a 50-day simple moving average of $5.73 and a 200 day simple moving average of $6.07. NatWest Group has a 12-month low of $4.99 and a 12-month high of $6.99.

NatWest Group (NYSE:NWGGet Rating) last announced its earnings results on Friday, February 18th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.03). The firm had revenue of $3.59 billion for the quarter, compared to analyst estimates of $3.61 billion. NatWest Group had a return on equity of 6.71% and a net margin of 24.08%. On average, equities analysts anticipate that NatWest Group will post 0.66 earnings per share for the current year.

The firm also recently declared a Semi-Annual dividend, which was paid on Friday, March 18th. Stockholders of record on Friday, March 18th were given a dividend of $0.199 per share. This is a boost from NatWest Group’s previous Semi-Annual dividend of $0.08. The ex-dividend date was Thursday, March 17th. NatWest Group’s payout ratio is currently 52.63%.

Several analysts recently issued reports on the stock. BNP Paribas raised shares of NatWest Group from a “neutral” rating to an “outperform” rating and set a $305.00 price objective for the company in a report on Tuesday, February 22nd. Royal Bank of Canada upped their price objective on shares of NatWest Group from GBX 280 ($3.50) to GBX 300 ($3.75) in a report on Wednesday, March 2nd. Zacks Investment Research raised shares of NatWest Group from a “sell” rating to a “hold” rating in a report on Tuesday, February 8th. Exane BNP Paribas raised shares of NatWest Group from a “neutral” rating to an “outperform” rating and set a GBX 305 ($3.81) price objective for the company in a report on Tuesday, February 22nd. Finally, Keefe, Bruyette & Woods raised shares of NatWest Group from a “market perform” rating to an “outperform” rating in a report on Tuesday, March 22nd. Four investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $274.16.

Several large investors have recently modified their holdings of NWG. National Asset Management Inc. bought a new position in NatWest Group during the 1st quarter worth approximately $60,000. Signaturefd LLC boosted its stake in NatWest Group by 15.5% during the 1st quarter. Signaturefd LLC now owns 37,295 shares of the company’s stock worth $212,000 after acquiring an additional 5,007 shares during the last quarter. Mckinley Capital Management LLC Delaware bought a new position in NatWest Group during the 1st quarter worth approximately $712,000. Belpointe Asset Management LLC bought a new position in NatWest Group during the 1st quarter worth approximately $132,000. Finally, GFG Capital LLC bought a new position in NatWest Group in the first quarter valued at approximately $279,000. Institutional investors own 0.59% of the company’s stock.

About NatWest Group (Get Rating)

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, Commercial Banking, Private Banking, RBS International, and NatWest Markets segments.

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