Massachusetts Financial Services Co. MA Has $14.86 Million Stake in NatWest Group plc (NYSE:NWG)

Massachusetts Financial Services Co. MA boosted its holdings in NatWest Group plc (NYSE:NWG - Free Report) by 32.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,246,919 shares of the company's stock after acquiring an additional 302,305 shares during the quarter. Massachusetts Financial Services Co. MA's holdings in NatWest Group were worth $14,863,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NWG. Aaron Wealth Advisors LLC increased its stake in NatWest Group by 2.4% in the 1st quarter. Aaron Wealth Advisors LLC now owns 35,935 shares of the company's stock worth $428,000 after purchasing an additional 831 shares in the last quarter. Checchi Capital Advisers LLC increased its stake in NatWest Group by 7.1% in the 1st quarter. Checchi Capital Advisers LLC now owns 12,555 shares of the company's stock worth $150,000 after purchasing an additional 833 shares in the last quarter. OneAscent Financial Services LLC increased its stake in NatWest Group by 8.2% in the 4th quarter. OneAscent Financial Services LLC now owns 12,211 shares of the company's stock worth $124,000 after purchasing an additional 926 shares in the last quarter. Adero Partners LLC grew its stake in NatWest Group by 8.4% during the 1st quarter. Adero Partners LLC now owns 12,723 shares of the company's stock valued at $152,000 after acquiring an additional 985 shares in the last quarter. Finally, Perigon Wealth Management LLC grew its stake in NatWest Group by 9.2% during the 1st quarter. Perigon Wealth Management LLC now owns 13,153 shares of the company's stock valued at $157,000 after acquiring an additional 1,108 shares in the last quarter. 1.27% of the stock is currently owned by institutional investors.

NatWest Group Price Performance

NYSE:NWG traded down $0.07 during trading hours on Friday, reaching $13.34. The company had a trading volume of 3,099,437 shares, compared to its average volume of 3,858,951. The stock has a 50-day moving average of $13.83 and a two-hundred day moving average of $12.32. NatWest Group plc has a one year low of $8.08 and a one year high of $14.55. The firm has a market capitalization of $53.98 billion, a PE ratio of 8.95, a PEG ratio of 0.78 and a beta of 1.01. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.17.

NatWest Group (NYSE:NWG - Get Free Report) last issued its quarterly earnings results on Friday, May 2nd. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.05. The firm had revenue of $5.30 billion for the quarter, compared to analyst estimates of $3.80 billion. Analysts forecast that NatWest Group plc will post 1.35 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Citigroup reaffirmed a "buy" rating on shares of NatWest Group in a research note on Monday, April 28th. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, NatWest Group currently has an average rating of "Buy".

About NatWest Group

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.