2 weeks Ago By Defense World Staff
Earnest Partners LLC trimmed its holdings in shares of Northern Trust Co. ( NASDAQ:NTRS – Free Report ) by 1.1% during the second quarter, according to its most recent Form 13F filing with the SEC.
The firm owned 92,289 shares of the asset manager’s stock after selling 988 shares during the period. Earnest Partners LLC’s holdings in Northern Trust were worth $7,750,000 at the end of the most recent reporting period. Other hedge funds and other institutional investors have also modified their holdings of the company.
DekaBank Deutsche Girozentrale increased its stake in Northern Trust by 0.3% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 43,713 shares of the asset manager’s stock valued at $3,608,000 after buying an additional 120 shares during the period.
Allspring Global Investments Holdings LLC increased its stake in shares of Northern Trust by 1.3% during the second quarter. Allspring Global Investments Holdings LLC now owns 10,584 shares of the asset manager’s stock valued at $889,000 after acquiring an additional 131 shares during the period.
Massmutual Trust Co. FSB ADV raised its holdings in Northern Trust by 23.1% during the second quarter.
Massmutual Trust Co. FSB ADV now owns 805 shares of the asset manager’s stock worth $68,000 after purchasing an additional 151 shares in the last quarter. Harvest Investment Advisors LLC lifted its position in Northern Trust by 1.
0% in the fourth quarter. Harvest Investment Advisors LLC now owns 16,291 shares of the asset manager’s stock worth $1,375,000 after purchasing an additional 160 shares during the period. Finally, First Trust Direct Indexing L.
P. boosted its stake in Northern Trust by 4.5% during the 1st quarter.
First Trust Direct Indexing L.P. now owns 4,257 shares of the asset manager’s stock valued at $379,000 after purchasing an additional 182 shares in the last quarter.
83.19% of the stock is currently owned by institutional investors. Analyst Upgrades and Downgrades A number of research firms have recently commented on NTRS.
Royal Bank of Canada boosted their price objective on Northern Trust from $86.00 to $90.00 and gave the stock an “outperform” rating in a research note on Thursday, July 18th.
The Goldman Sachs Group cut shares of Northern Trust from a “neutral” rating to a “sell” rating and dropped their price target for the stock from $84.00 to $82.00 in a research report on Thursday.
Morgan Stanley cut their price target on shares of Northern Trust from $97.00 to $93.00 and set an “underweight” rating for the company in a report on Tuesday, July 30th.
Keefe, Bruyette & Woods lowered their price objective on shares of Northern Trust from $92.00 to $85.00 and set a “market perform” rating on the stock in a research note on Thursday, June 27th.
Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of Northern Trust from $84.00 to $94.00 and gave the company a “hold” rating in a research note on Monday.
Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $89.
42. Northern Trust Stock Down 0.9 % NTRS stock opened at $89.
93 on Friday. The company’s 50 day simple moving average is $87.72 and its 200-day simple moving average is $85.
47. Northern Trust Co. has a 52-week low of $62.
44 and a 52-week high of $92.82. The company has a debt-to-equity ratio of 0.
58, a current ratio of 0.71 and a quick ratio of 0.71.
The firm has a market capitalization of $18.13 billion, a P/E ratio of 19.85, a P/E/G ratio of 1.
53 and a beta of 1.08. Northern Trust ( NASDAQ:NTRS – Get Free Report ) last announced its earnings results on Wednesday, July 17th.
The asset manager reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.
03. The company had revenue of $2.72 billion for the quarter, compared to the consensus estimate of $1.
84 billion. Northern Trust had a net margin of 10.53% and a return on equity of 12.
24%. The company’s revenue was up 53.8% on a year-over-year basis.
During the same period in the previous year, the business earned $1.79 EPS. As a group, equities research analysts anticipate that Northern Trust Co.
will post 7.01 EPS for the current year. Northern Trust Announces Dividend The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st.
Shareholders of record on Friday, September 6th will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Friday, September 6th.
This represents a $3.00 dividend on an annualized basis and a yield of 3.34%.
Northern Trust’s payout ratio is presently 66.23%. Insiders Place Their Bets In other news, Director Charles A.
Tribbett sold 1,855 shares of the stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $88.12, for a total value of $163,462.
60. Following the completion of the sale, the director now directly owns 1,000 shares of the company’s stock, valued at $88,120. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website .
In other news, Director Charles A. Tribbett sold 1,855 shares of the business’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $88.
12, for a total transaction of $163,462.60. Following the transaction, the director now directly owns 1,000 shares in the company, valued at approximately $88,120.
The transaction was disclosed in a filing with the SEC, which is available at this hyperlink . Also, EVP Mark C. Gossett sold 6,000 shares of the company’s stock in a transaction on Tuesday, August 27th.
The stock was sold at an average price of $88.90, for a total transaction of $533,400.00.
Following the completion of the transaction, the executive vice president now directly owns 28,707 shares in the company, valued at $2,552,052.30. The disclosure for this sale can be found here .
In the last ninety days, insiders sold 13,738 shares of company stock worth $1,191,388. 0.64% of the stock is currently owned by company insiders.
About Northern Trust ( Free Report ) 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, Asset Servicing and Wealth Management. The Asset Servicing segment offers asset servicing and related services, including custody, fund administration, investment operations outsourcing, investment management, investment risk and analytical services, employee benefit services, securities lending, foreign exchange, treasury management, brokerage services, transition management services, banking, and cash management services.
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