Brandywine Global Investment Management LLC boosted its stake in shares of Northern Trust (NASDAQ:NTRS) by 2.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 185,686 shares of the asset manager’s stock after acquiring an additional 5,104 shares during the quarter. Brandywine Global Investment Management LLC owned 0.08% of Northern Trust worth $18,549,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently modified their holdings of the stock. Field & Main Bank bought a new position in Northern Trust during the 4th quarter valued at approximately $100,000. Truewealth LLC bought a new stake in shares of Northern Trust in the 4th quarter worth $110,000. Cerebellum GP LLC bought a new stake in shares of Northern Trust in the 4th quarter worth $132,000. Mission Wealth Management LP bought a new stake in shares of Northern Trust in the 4th quarter worth $200,000. Finally, Hollencrest Capital Management bought a new stake in shares of Northern Trust in the 4th quarter worth $210,000. Institutional investors own 79.74% of the company’s stock.
Shares of Northern Trust stock traded down $1.72 during trading hours on Monday, hitting $101.41. The company’s stock had a trading volume of 1,417,900 shares, compared to its average volume of 1,216,366. Northern Trust has a 12-month low of $84.93 and a 12-month high of $110.81. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $23,264.25, a price-to-earnings ratio of 21.00, a PEG ratio of 1.35 and a beta of 0.95.
Northern Trust (NASDAQ:NTRS) last issued its earnings results on Wednesday, January 24th. The asset manager reported $1.35 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.30 by $0.05. Northern Trust had a return on equity of 12.77% and a net margin of 20.98%. The firm had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.41 billion. During the same period in the previous year, the firm posted $1.11 earnings per share. The business’s revenue was up 15.6% compared to the same quarter last year. equities analysts expect that Northern Trust will post 6.1 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Sunday, April 1st. Stockholders of record on Friday, March 9th were issued a $0.42 dividend. The ex-dividend date of this dividend was Thursday, March 8th. This represents a $1.68 annualized dividend and a dividend yield of 1.66%. Northern Trust’s dividend payout ratio (DPR) is 34.78%.
In other Northern Trust news, EVP Aileen B. Blake sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $105.32, for a total transaction of $315,960.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Biff Bowman sold 13,811 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $108.53, for a total value of $1,498,907.83. The disclosure for this sale can be found here. Insiders sold 189,457 shares of company stock worth $20,188,250 over the last ninety days. Insiders own 1.04% of the company’s stock.
NTRS has been the subject of a number of research analyst reports. Wells Fargo set a $105.00 target price on Northern Trust and gave the stock a “hold” rating in a report on Wednesday, December 20th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $110.00 price objective on shares of Northern Trust in a report on Friday, December 22nd. BidaskClub raised Northern Trust from a “hold” rating to a “buy” rating in a report on Saturday, January 13th. Barclays lifted their price objective on Northern Trust from $102.00 to $114.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 2nd. Finally, Royal Bank of Canada lifted their price objective on Northern Trust to $110.00 and gave the stock an “outperform” rating in a report on Thursday, January 25th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $107.00.
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Northern Trust Company Profile
Northern Trust Corporation, a financial holding company, provides asset servicing, fund administration, asset management, fiduciary, and banking solutions for corporations, institutions, families, and individuals worldwide. It operates through Corporate & Institutional Services (C&IS) and Wealth Management segments.
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