Wellington Management Group LLP lowered its position in shares of Northern Trust Co. (NASDAQ:NTRS) by 4.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,092,750 shares of the asset manager’s stock after selling 527,973 shares during the period. Wellington Management Group LLP owned 0.05% of Northern Trust worth $837,059,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently made changes to their positions in NTRS. Northwestern Mutual Wealth Management Co. grew its position in Northern Trust by 1.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 6,255 shares of the asset manager’s stock worth $665,000 after buying an additional 110 shares in the last quarter. Mutual of America Capital Management LLC boosted its holdings in shares of Northern Trust by 0.5% in the 1st quarter. Mutual of America Capital Management LLC now owns 28,884 shares of the asset manager’s stock valued at $2,180,000 after purchasing an additional 137 shares in the last quarter. Van ECK Associates Corp boosted its holdings in shares of Northern Trust by 17.6% in the 1st quarter. Van ECK Associates Corp now owns 1,024 shares of the asset manager’s stock valued at $77,000 after purchasing an additional 153 shares in the last quarter. Quadrant Capital Group LLC boosted its holdings in shares of Northern Trust by 26.5% in the 4th quarter. Quadrant Capital Group LLC now owns 758 shares of the asset manager’s stock valued at $72,000 after purchasing an additional 159 shares in the last quarter. Finally, Fiduciary Group LLC boosted its holdings in shares of Northern Trust by 1.6% in the 1st quarter. Fiduciary Group LLC now owns 12,425 shares of the asset manager’s stock valued at $938,000 after purchasing an additional 190 shares in the last quarter. Institutional investors own 82.63% of the company’s stock.
In other news, EVP Robert P. Browne sold 5,000 shares of Northern Trust stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $84.82, for a total value of $424,100.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Mark C. Gossett sold 5,115 shares of Northern Trust stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $83.08, for a total value of $424,954.20. The disclosure for this sale can be found here. 0.72% of the stock is owned by company insiders.
NASDAQ:NTRS traded down $4.44 during trading hours on Thursday, hitting $83.19. 81,827 shares of the company were exchanged, compared to its average volume of 1,579,432. The stock has a market capitalization of $17.59 billion, a price-to-earnings ratio of 12.64, a price-to-earnings-growth ratio of 1.59 and a beta of 1.08. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.41. Northern Trust Co. has a one year low of $60.67 and a one year high of $110.48. The company has a fifty day simple moving average of $78.05 and a 200 day simple moving average of $90.89.
Northern Trust (NASDAQ:NTRS) last announced its earnings results on Tuesday, April 21st. The asset manager reported $1.55 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.45 by $0.10. The business had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.54 billion. Northern Trust had a return on equity of 15.18% and a net margin of 21.88%. Northern Trust’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period last year, the company earned $1.48 EPS. Equities research analysts predict that Northern Trust Co. will post 5.34 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Friday, June 12th will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.37%. The ex-dividend date is Thursday, June 11th. Northern Trust’s dividend payout ratio is currently 42.23%.
NTRS has been the topic of a number of research analyst reports. JPMorgan Chase & Co. reduced their target price on Northern Trust from $89.50 to $84.50 and set a “neutral” rating on the stock in a report on Wednesday, May 6th. UBS Group downgraded Northern Trust from a “neutral” rating to a “sell” rating and set a $65.00 target price on the stock. in a report on Monday, April 6th. Wolfe Research raised Northern Trust from an “underperform” rating to a “market perform” rating in a report on Wednesday, March 25th. BidaskClub raised Northern Trust from a “strong sell” rating to a “sell” rating in a report on Saturday, June 6th. Finally, Bank of America cut their price objective on Northern Trust from $76.00 to $67.00 and set a “neutral” rating on the stock in a report on Monday, March 23rd. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the stock. Northern Trust has a consensus rating of “Hold” and a consensus price target of $87.05.
Northern Trust Company Profile
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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