Massachusetts Financial Services Co. MA Purchases 49,462 Shares of NatWest Group plc (NYSE:NWG)

Massachusetts Financial Services Co. MA lifted its position in shares of NatWest Group plc (NYSE:NWG) by 5.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 944,614 shares of the company’s stock after purchasing an additional 49,462 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in NatWest Group were worth $9,607,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of NWG. Charles Schwab Investment Management Inc. boosted its stake in NatWest Group by 22.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 245,631 shares of the company’s stock worth $2,299,000 after buying an additional 44,422 shares in the last quarter. FMR LLC boosted its position in shares of NatWest Group by 57.0% during the 3rd quarter. FMR LLC now owns 1,988,329 shares of the company’s stock valued at $18,611,000 after acquiring an additional 721,578 shares in the last quarter. Captrust Financial Advisors increased its stake in NatWest Group by 24.4% in the third quarter. Captrust Financial Advisors now owns 19,662 shares of the company’s stock valued at $184,000 after acquiring an additional 3,854 shares during the period. Verition Fund Management LLC acquired a new position in NatWest Group in the third quarter worth about $674,000. Finally, Benjamin Edwards Inc. bought a new position in NatWest Group during the third quarter worth about $196,000. 1.27% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently weighed in on NWG. BNP Paribas lowered NatWest Group from an “outperform” rating to a “neutral” rating in a research note on Tuesday, March 4th. Peel Hunt cut NatWest Group from a “strong-buy” rating to a “moderate buy” rating in a research report on Thursday, March 6th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy”.

NatWest Group Stock Performance

NYSE NWG opened at $10.77 on Tuesday. NatWest Group plc has a 1-year low of $6.75 and a 1-year high of $12.65. The company has a 50 day moving average of $11.58 and a 200-day moving average of $10.49. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.16. The firm has a market cap of $43.35 billion, a price-to-earnings ratio of 7.92, a PEG ratio of 0.85 and a beta of 0.93.

NatWest Group (NYSE:NWG) last released its quarterly earnings results on Friday, February 14th. The company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.11. The business had revenue of $4.90 billion for the quarter, compared to analyst estimates of $3.75 billion. On average, equities analysts forecast that NatWest Group plc will post 1.35 earnings per share for the current fiscal year.

NatWest Group Increases Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Monday, April 28th. Shareholders of record on Friday, March 14th will be issued a dividend of $0.3899 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a yield of 3.8%. This is a positive change from NatWest Group’s previous semi-annual dividend of $0.36. NatWest Group’s dividend payout ratio is currently 55.88%.

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.