American Century Companies Inc. Acquires 245,523 Shares of NatWest Group plc $NWG

American Century Companies Inc. grew its stake in shares of NatWest Group plc (NYSE:NWG) by 15.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,796,238 shares of the company’s stock after purchasing an additional 245,523 shares during the quarter. American Century Companies Inc.’s holdings in NatWest Group were worth $25,417,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Fisher Asset Management LLC increased its position in shares of NatWest Group by 13.1% during the second quarter. Fisher Asset Management LLC now owns 37,531,392 shares of the company’s stock worth $531,069,000 after acquiring an additional 4,355,850 shares during the period. L1 Capital Pty Ltd purchased a new stake in shares of NatWest Group in the second quarter valued at approximately $146,913,000. Goldman Sachs Group Inc. grew its stake in NatWest Group by 7.6% in the first quarter. Goldman Sachs Group Inc. now owns 6,474,908 shares of the company’s stock worth $77,181,000 after purchasing an additional 455,538 shares in the last quarter. Bank of America Corp DE increased its holdings in NatWest Group by 4.4% during the 2nd quarter. Bank of America Corp DE now owns 5,554,910 shares of the company’s stock worth $78,602,000 after purchasing an additional 231,732 shares during the period. Finally, Todd Asset Management LLC raised its position in NatWest Group by 5.7% during the 3rd quarter. Todd Asset Management LLC now owns 4,298,453 shares of the company’s stock valued at $60,823,000 after purchasing an additional 232,458 shares in the last quarter. 1.27% of the stock is currently owned by institutional investors.

NatWest Group Trading Down 1.4%

Shares of NYSE:NWG opened at $15.52 on Monday. The company has a market capitalization of $62.01 billion, a PE ratio of 8.67, a P/E/G ratio of 0.52 and a beta of 0.95. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.14. NatWest Group plc has a 12-month low of $10.40 and a 12-month high of $19.35. The business’s fifty day simple moving average is $17.26 and its 200-day simple moving average is $16.01.

NatWest Group (NYSE:NWG) last issued its quarterly earnings data on Thursday, February 12th. The company reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.08. NatWest Group had a return on equity of 13.05% and a net margin of 18.59%.The firm had revenue of $5.74 billion during the quarter, compared to analysts’ expectations of $5.59 billion. As a group, equities research analysts predict that NatWest Group plc will post 1.35 earnings per share for the current fiscal year.

NatWest Group Dividend Announcement

The company also recently declared a dividend, which will be paid on Tuesday, May 5th. Shareholders of record on Friday, March 20th will be given a dividend of $0.621 per share. This represents a dividend yield of 743.0%. The ex-dividend date of this dividend is Friday, March 20th. NatWest Group’s dividend payout ratio is presently 67.60%.

Analyst Upgrades and Downgrades

NWG has been the topic of a number of recent research reports. Barclays reissued an “equal weight” rating on shares of NatWest Group in a research report on Wednesday, January 7th. Weiss Ratings restated a “buy (b)” rating on shares of NatWest Group in a report on Thursday, January 22nd. BNP Paribas Exane upgraded shares of NatWest Group from a “strong sell” rating to a “hold” rating in a report on Friday, February 27th. Zacks Research raised shares of NatWest Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 10th. Finally, The Goldman Sachs Group restated a “neutral” rating on shares of NatWest Group in a report on Thursday, December 4th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

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.