American Century Companies Inc. Has $15.28 Million Position in NatWest Group plc $NWG

American Century Companies Inc. reduced its stake in shares of NatWest Group plc (NYSE:NWG) by 6.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,281,928 shares of the company’s stock after selling 86,223 shares during the quarter. American Century Companies Inc.’s holdings in NatWest Group were worth $15,281,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Natixis Advisors LLC raised its stake in NatWest Group by 11.8% during the first quarter. Natixis Advisors LLC now owns 12,429,659 shares of the company’s stock worth $148,162,000 after acquiring an additional 1,311,476 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in NatWest Group by 3.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 7,322,718 shares of the company’s stock worth $74,473,000 after acquiring an additional 216,053 shares in the last quarter. Bank of America Corp DE raised its stake in NatWest Group by 25.1% during the fourth quarter. Bank of America Corp DE now owns 4,712,296 shares of the company’s stock worth $47,924,000 after acquiring an additional 944,464 shares in the last quarter. Northern Trust Corp raised its stake in NatWest Group by 45.6% during the fourth quarter. Northern Trust Corp now owns 3,243,078 shares of the company’s stock worth $32,982,000 after acquiring an additional 1,014,926 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in shares of NatWest Group by 28.7% in the first quarter. Envestnet Asset Management Inc. now owns 2,744,550 shares of the company’s stock valued at $32,715,000 after buying an additional 611,323 shares in the last quarter. 1.27% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently weighed in on NWG shares. Citigroup restated a “buy” rating on shares of NatWest Group in a research note on Monday, April 28th. Zacks Research lowered NatWest Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 18th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

NatWest Group Price Performance

NatWest Group stock opened at $15.3550 on Monday. The business’s 50-day simple moving average is $14.00 and its 200 day simple moving average is $13.03. The stock has a market cap of $62.17 billion, a price-to-earnings ratio of 9.91, a P/E/G ratio of 0.88 and a beta of 1.07. NatWest Group plc has a 12-month low of $8.55 and a 12-month high of $15.40. The company has a quick ratio of 1.06, a current ratio of 1.05 and a debt-to-equity ratio of 0.14.

NatWest Group (NYSE:NWG) last posted its quarterly earnings results on Friday, July 25th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.04. The business had revenue of $5.42 billion for the quarter, compared to analysts’ expectations of $4.06 billion. NatWest Group had a return on equity of 11.99% and a net margin of 16.84%. As a group, research analysts anticipate that NatWest Group plc will post 1.35 earnings per share for the current year.

NatWest Group Cuts Dividend

The company also recently declared a semi-annual dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 8th will be issued a $0.255 dividend. The ex-dividend date is Friday, August 8th. This represents a yield of 390.0%. NatWest Group’s dividend payout ratio (DPR) is currently 32.26%.

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.