NatWest Group (NYSE:NWG) Shares Gap Up to $8.82

Shares of NatWest Group plc (NYSE:NWG) gapped up before the market opened on Friday . The stock had previously closed at $8.82, but opened at $9.32. NatWest Group shares last traded at $9.35, with a volume of 361,615 shares traded.

NatWest Group Stock Up 6.1 %

The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.17. The company has a 50 day moving average of $8.29 and a two-hundred day moving average of $7.12.

NatWest Group (NYSE:NWG) last released its quarterly earnings results on Friday, April 26th. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.03. The company had revenue of $3.48 billion during the quarter. Analysts forecast that NatWest Group plc will post 0.98 earnings per share for the current fiscal year.

Institutional Trading of NatWest Group

Several large investors have recently made changes to their positions in NWG. SageView Advisory Group LLC acquired a new position in NatWest Group in the 1st quarter valued at about $27,000. Addison Advisors LLC raised its position in NatWest Group by 48.9% in the fourth quarter. Addison Advisors LLC now owns 6,520 shares of the company’s stock valued at $37,000 after purchasing an additional 2,141 shares during the period. GAMMA Investing LLC lifted its stake in shares of NatWest Group by 65.7% in the 2nd quarter. GAMMA Investing LLC now owns 4,566 shares of the company’s stock valued at $37,000 after purchasing an additional 1,810 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new position in shares of NatWest Group during the 1st quarter worth $44,000. Finally, Johnson Investment Counsel Inc. purchased a new stake in NatWest Group in the 4th quarter valued at about $58,000. 1.27% of the stock is currently owned by hedge funds and other institutional investors.

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.