Massachusetts Financial Services Co. MA Raises Position in NatWest Group plc (NYSE:NWG)

Massachusetts Financial Services Co. MA grew its position in shares of NatWest Group plc (NYSE:NWG) by 16.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 881,133 shares of the company’s stock after buying an additional 125,607 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in NatWest Group were worth $7,075,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in NWG. Envestnet Asset Management Inc. boosted its stake in NatWest Group by 55.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,759,325 shares of the company’s stock valued at $14,127,000 after purchasing an additional 627,097 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its position in shares of NatWest Group by 18.1% during the second quarter. Oppenheimer Asset Management Inc. now owns 117,337 shares of the company’s stock valued at $942,000 after buying an additional 17,958 shares during the last quarter. D Orazio & Associates Inc. increased its holdings in NatWest Group by 73.7% in the 2nd quarter. D Orazio & Associates Inc. now owns 30,312 shares of the company’s stock worth $243,000 after buying an additional 12,857 shares in the last quarter. American Century Companies Inc. raised its position in NatWest Group by 15.6% in the 2nd quarter. American Century Companies Inc. now owns 1,021,341 shares of the company’s stock worth $8,201,000 after buying an additional 138,206 shares during the last quarter. Finally, Choreo LLC bought a new position in NatWest Group during the 2nd quarter valued at about $234,000. Institutional investors own 1.27% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on NWG. UBS Group upgraded shares of NatWest Group to a “strong-buy” rating in a research note on Tuesday, July 30th. Kepler Capital Markets assumed coverage on shares of NatWest Group in a research note on Thursday, September 5th. They set a “buy” rating for the company. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

NatWest Group Stock Down 1.3 %

NWG opened at $9.08 on Friday. The firm’s 50 day simple moving average is $8.95 and its two-hundred day simple moving average is $8.07. The company has a market capitalization of $37.70 billion, a PE ratio of 7.48, a PEG ratio of 2.02 and a beta of 1.33. NatWest Group plc has a 1-year low of $4.30 and a 1-year high of $9.68. The company has a current ratio of 1.07, a quick ratio of 1.08 and a debt-to-equity ratio of 0.16.

NatWest Group (NYSE:NWG) last announced its earnings results on Friday, July 26th. The company reported $0.35 EPS for the quarter. The company had revenue of $4.62 billion during the quarter. As a group, equities analysts forecast that NatWest Group plc will post 1.05 EPS for the current year.

NatWest Group Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 9th were given a dividend of $0.1543 per share. This is a boost from NatWest Group’s previous semi-annual dividend of $0.14. This represents a dividend yield of 4.3%. The ex-dividend date was Friday, August 9th.

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.