Massachusetts Financial Services Co. MA Has $38.79 Million Holdings in NatWest Group plc $NWG

Key Points

• Massachusetts Financial Services Co. raised its stake in NatWest Group by 7.4% in Q4 to 2,216,652 shares, valued at $38.79 million.
• Several large institutions—including Fisher Asset Management, Bank of Montreal, Citadel and Millennium—also materially increased or established positions in NWG, with institutional ownership reported at about 1.27%.
• NatWest beat quarterly expectations (EPS $0.46 vs. $0.38; revenue $5.74B vs. $5.59B), announced a $0.621 dividend payable May 5, and carries a consensus analyst rating of Moderate Buy.

Massachusetts Financial Services Co. MA raised its stake in NatWest Group plc (NYSE:NWG - Free Report) by 7.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,216,652 shares of the company's stock after buying an additional 153,625 shares during the quarter. Massachusetts Financial Services Co. MA owned 0.06% of NatWest Group worth $38,791,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NWG. Bank of Montreal Can increased its stake in shares of NatWest Group by 136.0% in the 3rd quarter. Bank of Montreal Can now owns 3,273,212 shares of the company's stock valued at $46,316,000 after acquiring an additional 1,886,141 shares during the last quarter. Fisher Asset Management LLC boosted its stake in NatWest Group by 4.5% during the 3rd quarter. Fisher Asset Management LLC now owns 39,234,322 shares of the company's stock worth $555,166,000 after acquiring an additional 1,702,930 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new position in NatWest Group during the third quarter valued at approximately $16,650,000. Citadel Advisors LLC grew its holdings in NatWest Group by 150.7% during the third quarter. Citadel Advisors LLC now owns 1,612,872 shares of the company's stock valued at $22,822,000 after purchasing an additional 969,546 shares during the period. Finally, Millennium Management LLC increased its stake in NatWest Group by 42.4% in the third quarter. Millennium Management LLC now owns 3,166,315 shares of the company's stock valued at $44,803,000 after purchasing an additional 942,059 shares in the last quarter. Institutional investors own 1.27% of the company's stock.

Analysts Set New Price Targets

NWG has been the topic of several analyst reports. Barclays reiterated an "equal weight" rating on shares of NatWest Group in a report on Wednesday, January 7th. Weiss Ratings restated a "buy (b)" rating on shares of NatWest Group in a research report on Thursday, January 22nd. BNP Paribas Exane raised NatWest Group from a "strong sell" rating to a "hold" rating in a research note on Friday, February 27th. Finally, Zacks Research upgraded NatWest Group from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 10th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy".

NatWest Group Price Performance

NYSE NWG opened at $17.03 on Wednesday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.04 and a current ratio of 1.04. The stock has a market cap of $67.96 billion, a price-to-earnings ratio of 9.51, a PEG ratio of 0.57 and a beta of 0.96. The business has a 50 day simple moving average of $15.97 and a 200 day simple moving average of $16.20. NatWest Group plc has a 52-week low of $12.05 and a 52-week high of $19.35.

NatWest Group (NYSE:NWG - Get Free Report) last announced its quarterly earnings results on Thursday, February 12th. The company reported $0.46 earnings per share for the quarter, beating analysts' consensus estimates of $0.38 by $0.08. The firm had revenue of $5.74 billion for the quarter, compared to analyst estimates of $5.59 billion. NatWest Group had a net margin of 18.59% and a return on equity of 13.05%. Analysts anticipate that NatWest Group plc will post 1.35 earnings per share for the current fiscal year.

NatWest Group Announces Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, May 5th. Investors of record on Friday, March 20th will be given a $0.621 dividend. This represents a yield of 895.0%. The ex-dividend date of this dividend is Friday, March 20th. NatWest Group's payout ratio is currently 67.60%.

NatWest Group Company Profile

NatWest Group plc is a major UK-based banking and financial services group headquartered in Edinburgh, Scotland. The company traces its roots to the Royal Bank of Scotland, founded in 1727, and adopted the NatWest Group name in 2020 as part of a strategic refocus on its NatWest brand. NatWest Group is listed on the London Stock Exchange and also has American depositary shares trading on the New York Stock Exchange under the symbol NWG.

The group provides a broad range of banking services across retail, private, commercial, corporate and institutional segments.

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