NatWest Group (NYSE:NWG) Shares Gap Down to $5.42

Shares of NatWest Group plc (NYSE:NWGGet Free Report) gapped down prior to trading on Monday . The stock had previously closed at $5.42, but opened at $5.28. NatWest Group shares last traded at $5.33, with a volume of 527,950 shares.

Analysts Set New Price Targets

Several analysts have issued reports on NWG shares. BNP Paribas upgraded shares of NatWest Group from an “underperform” rating to an “outperform” rating in a research report on Tuesday, November 7th. Barclays raised shares of NatWest Group from an “equal weight” rating to an “overweight” rating in a report on Friday, November 17th. Finally, Jefferies Financial Group downgraded shares of NatWest Group from a “buy” rating to an “underperform” rating in a report on Monday, October 30th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $355.00.

Check Out Our Latest Research Report on NWG

NatWest Group Stock Down 1.5 %

The business’s fifty day moving average price is $5.59 and its 200 day moving average price is $5.57. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.18.

NatWest Group Cuts Dividend

The company also recently declared a Semi-Annual dividend, which was paid on Friday, December 29th. Investors of record on Monday, December 4th were issued a dividend of $0.135 per share. This represents a yield of 9.9%. The ex-dividend date was Friday, December 1st.

Hedge Funds Weigh In On NatWest Group

Several institutional investors have recently added to or reduced their stakes in NWG. Advisor Group Holdings Inc. lifted its holdings in NatWest Group by 480.7% during the 1st quarter. Advisor Group Holdings Inc. now owns 11,555 shares of the company’s stock valued at $66,000 after purchasing an additional 9,565 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in NatWest Group by 93.9% during the 1st quarter. JPMorgan Chase & Co. now owns 10,469 shares of the company’s stock valued at $59,000 after purchasing an additional 5,071 shares during the last quarter. American Century Companies Inc. lifted its holdings in NatWest Group by 6.3% during the 1st quarter. American Century Companies Inc. now owns 183,629 shares of the company’s stock valued at $1,043,000 after purchasing an additional 10,821 shares during the last quarter. Citigroup Inc. lifted its holdings in NatWest Group by 63.8% during the 1st quarter. Citigroup Inc. now owns 13,405 shares of the company’s stock valued at $75,000 after purchasing an additional 5,222 shares during the last quarter. Finally, Natixis Advisors L.P. lifted its holdings in NatWest Group by 14.1% during the 1st quarter. Natixis Advisors L.P. now owns 44,189 shares of the company’s stock valued at $251,000 after purchasing an additional 5,469 shares during the last quarter. 1.12% of the stock is owned by institutional investors.

About NatWest Group

(Get Free Report)

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.

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