Tredje AP fonden lowered its position in shares of Northern Trust Corporation (NASDAQ:NTRS) by 7.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 13,940 shares of the company’s stock after selling 1,175 shares during the period. Tredje AP fonden’s holdings in Northern Trust Corporation were worth $1,247,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of the stock. Sumitomo Mitsui Asset Management Company LTD increased its position in shares of Northern Trust Corporation by 1.1% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 17,107 shares of the company’s stock worth $1,133,000 after buying an additional 192 shares in the last quarter. Ngam Advisors L.P. increased its position in shares of Northern Trust Corporation by 23.1% in the second quarter. Ngam Advisors L.P. now owns 117,433 shares of the company’s stock worth $7,781,000 after buying an additional 22,015 shares in the last quarter. Nuance Investments LLC increased its position in shares of Northern Trust Corporation by 5.6% in the second quarter. Nuance Investments LLC now owns 641,461 shares of the company’s stock worth $42,503,000 after buying an additional 34,261 shares in the last quarter. Princeton Alpha Management LP increased its position in shares of Northern Trust Corporation by 487.7% in the second quarter. Princeton Alpha Management LP now owns 66,977 shares of the company’s stock worth $4,438,000 after buying an additional 55,580 shares in the last quarter. Finally, BRC Investment Management LLC acquired a new position in shares of Northern Trust Corporation during the second quarter worth $10,366,000. Institutional investors and hedge funds own 79.48% of the company’s stock.
Shares of Northern Trust Corporation (NASDAQ:NTRS) traded down 0.05% during mid-day trading on Friday, hitting $87.30. The company’s stock had a trading volume of 201,810 shares. Northern Trust Corporation has a 1-year low of $56.78 and a 1-year high of $91.14. The company has a 50-day moving average price of $86.27 and a 200-day moving average price of $77.59. The stock has a market cap of $19.96 billion, a PE ratio of 20.21 and a beta of 1.05.
Northern Trust Corporation (NASDAQ:NTRS) last posted its quarterly earnings results on Wednesday, January 18th. The company reported $1.11 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.13 by $0.02. The company earned $1.25 billion during the quarter, compared to analyst estimates of $1.26 billion. Northern Trust Corporation had a net margin of 19.76% and a return on equity of 11.68%. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period last year, the company earned $0.99 EPS. Analysts predict that Northern Trust Corporation will post $4.71 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Saturday, April 1st. Stockholders of record on Friday, March 3rd will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date is Wednesday, March 1st. Northern Trust Corporation’s dividend payout ratio (DPR) is currently 35.43%.
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A number of research analysts have recently weighed in on NTRS shares. Zacks Investment Research downgraded Northern Trust Corporation from a “buy” rating to a “hold” rating in a report on Thursday, October 20th. Credit Suisse Group assumed coverage on Northern Trust Corporation in a research report on Tuesday, November 22nd. They set a “neutral” rating and a $71.00 price objective for the company. Jefferies Group LLC reissued a “hold” rating and set a $90.00 price objective on shares of Northern Trust Corporation in a research report on Sunday, December 4th. RBC Capital Markets reissued a “buy” rating on shares of Northern Trust Corporation in a research report on Saturday, December 17th. Finally, Raymond James Financial, Inc. reissued a “strong-buy” rating and set a $105.00 price objective (up previously from $83.00) on shares of Northern Trust Corporation in a research report on Thursday, December 29th. One analyst has rated the stock with a sell rating, ten have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. Northern Trust Corporation has an average rating of “Hold” and a consensus price target of $78.88.
In other news, insider Clair Joyce St sold 56,991 shares of the stock in a transaction on Thursday, February 9th. The stock was sold at an average price of $85.08, for a total value of $4,848,794.28. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Wilson Leech sold 21,541 shares of the stock in a transaction on Monday, November 28th. The shares were sold at an average price of $77.01, for a total value of $1,658,872.41. The disclosure for this sale can be found here. In the last three months, insiders sold 112,743 shares of company stock worth $9,396,188. 1.90% of the stock is currently owned by company insiders.
About Northern Trust Corporation
Northern Trust Corporation is a financial holding company. The Company provides asset servicing, fund administration, asset management, fiduciary and banking solutions for corporations, institutions, families and individuals around the world. The Company’s segments include Corporate & Institutional Services (C&IS), Wealth Management, and Treasury and Other.
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