CHICAGO TRUST Co NA decreased its position in Northern Trust Co. (NASDAQ:NTRS) by 19.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,808 shares of the asset manager’s stock after selling 940 shares during the quarter. CHICAGO TRUST Co NA’s holdings in Northern Trust were worth $343,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in NTRS. Associated Banc Corp lifted its stake in Northern Trust by 0.3% in the first quarter. Associated Banc Corp now owns 36,404 shares of the asset manager’s stock valued at $3,291,000 after acquiring an additional 103 shares during the last quarter. Kaizen Advisory LLC boosted its holdings in shares of Northern Trust by 20.3% in the fourth quarter. Kaizen Advisory LLC now owns 645 shares of the asset manager’s stock valued at $54,000 after purchasing an additional 109 shares during the period. Shine Investment Advisory Services Inc. boosted its holdings in shares of Northern Trust by 24.5% in the first quarter. Shine Investment Advisory Services Inc. now owns 574 shares of the asset manager’s stock valued at $52,000 after purchasing an additional 113 shares during the period. Oregon Public Employees Retirement Fund boosted its holdings in shares of Northern Trust by 0.6% in the second quarter. Oregon Public Employees Retirement Fund now owns 23,331 shares of the asset manager’s stock valued at $2,100,000 after purchasing an additional 136 shares during the period. Finally, Advisor Group Inc. boosted its holdings in shares of Northern Trust by 3.6% in the fourth quarter. Advisor Group Inc. now owns 4,021 shares of the asset manager’s stock valued at $336,000 after purchasing an additional 139 shares during the period. 78.79% of the stock is currently owned by institutional investors and hedge funds.
NTRS traded up $0.61 during trading hours on Friday, reaching $99.64. 817,691 shares of the stock traded hands, compared to its average volume of 1,436,703. The business’s fifty day moving average price is $89.97. The firm has a market cap of $21.65 billion, a P/E ratio of 14.81, a price-to-earnings-growth ratio of 1.92 and a beta of 1.13. Northern Trust Co. has a fifty-two week low of $75.96 and a fifty-two week high of $115.61. The company has a current ratio of 0.64, a quick ratio of 0.63 and a debt-to-equity ratio of 0.40.
Northern Trust (NASDAQ:NTRS) last announced its quarterly earnings data on Wednesday, July 24th. The asset manager reported $1.75 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.68 by $0.07. The company had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.51 billion. Northern Trust had a net margin of 22.20% and a return on equity of 15.74%. The business’s revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.68 EPS. Analysts predict that Northern Trust Co. will post 6.54 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Friday, September 13th will be issued a dividend of $0.70 per share. This is a boost from Northern Trust’s previous quarterly dividend of $0.60. This represents a $2.80 annualized dividend and a dividend yield of 2.81%. The ex-dividend date is Thursday, September 12th. Northern Trust’s dividend payout ratio (DPR) is currently 35.66%.
NTRS has been the topic of several research reports. Bank of America set a $20.00 target price on Fiat Chrysler Automobiles and gave the stock a “hold” rating in a report on Thursday, June 6th. BidaskClub cut Ames National from a “hold” rating to a “sell” rating in a report on Wednesday, July 17th. Morgan Stanley lifted their target price on Xilinx from $126.00 to $134.00 and gave the stock an “overweight” rating in a report on Thursday. Citigroup raised Infosys from a “neutral” rating to a “buy” rating in a report on Friday, July 12th. Finally, Deutsche Bank reaffirmed a “buy” rating and issued a GBX 4,000 ($52.27) target price on shares of in a report on Tuesday, June 18th. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $105.92.
In related news, EVP Robert P. Browne sold 12,156 shares of the firm’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $86.88, for a total transaction of $1,056,113.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.15% of the company’s stock.
About Northern Trust
Northern Trust Corporation, a financial holding company, provides wealth management, asset servicing, asset management, and banking solutions for corporations, institutions, families, and individuals worldwide. It operates in two segments, Corporate & Institutional Services (C&IS) and Wealth Management.
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