AustralianSuper Pty Ltd grew its position in Northern Trust Co. (NASDAQ:NTRS - Free Report) by 16.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 91,222 shares of the asset manager's stock after purchasing an additional 13,081 shares during the period. AustralianSuper Pty Ltd's holdings in Northern Trust were worth $9,350,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. CWM LLC raised its stake in shares of Northern Trust by 26.1% during the 3rd quarter. CWM LLC now owns 12,183 shares of the asset manager's stock worth $1,097,000 after purchasing an additional 2,520 shares during the period. Exchange Traded Concepts LLC increased its position in Northern Trust by 912.4% in the third quarter. Exchange Traded Concepts LLC now owns 1,144 shares of the asset manager's stock worth $103,000 after buying an additional 1,031 shares during the last quarter. Creative Planning raised its stake in shares of Northern Trust by 4.1% in the third quarter. Creative Planning now owns 24,582 shares of the asset manager's stock valued at $2,213,000 after buying an additional 968 shares during the period. Vontobel Holding Ltd. lifted its position in shares of Northern Trust by 3.2% during the 3rd quarter. Vontobel Holding Ltd. now owns 6,218 shares of the asset manager's stock valued at $560,000 after buying an additional 195 shares during the last quarter. Finally, nVerses Capital LLC bought a new position in shares of Northern Trust during the 3rd quarter worth $477,000. Hedge funds and other institutional investors own 83.19% of the company's stock.
Northern Trust Trading Down 0.1 %
Shares of Northern Trust stock traded down $0.06 during trading on Wednesday, reaching $113.75. 1,193,626 shares of the stock were exchanged, compared to its average volume of 1,187,754. The firm has a market cap of $22.55 billion, a price-to-earnings ratio of 11.63, a price-to-earnings-growth ratio of 1.68 and a beta of 1.08. Northern Trust Co. has a 1 year low of $78.75 and a 1 year high of $114.67. The stock's fifty day moving average is $106.75 and its 200 day moving average is $99.66. The company has a quick ratio of 0.71, a current ratio of 0.68 and a debt-to-equity ratio of 0.58.
Northern Trust (NASDAQ:NTRS - Get Free Report) last posted its earnings results on Thursday, January 23rd. The asset manager reported $2.26 EPS for the quarter, topping the consensus estimate of $1.96 by $0.30. Northern Trust had a net margin of 12.77% and a return on equity of 13.74%. As a group, equities research analysts expect that Northern Trust Co. will post 8.25 earnings per share for the current fiscal year.
Northern Trust Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be issued a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 2.64%. The ex-dividend date is Friday, March 14th. Northern Trust's dividend payout ratio (DPR) is 30.67%.
Insider Activity
In other news, Vice Chairman Steven L. Fradkin sold 9,100 shares of the company's stock in a transaction on Friday, November 29th. The stock was sold at an average price of $111.00, for a total transaction of $1,010,100.00. Following the transaction, the insider now directly owns 47,797 shares of the company's stock, valued at $5,305,467. This represents a 15.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider John Landers sold 900 shares of the firm's stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $111.44, for a total transaction of $100,296.00. Following the sale, the insider now directly owns 7,640 shares in the company, valued at approximately $851,401.60. The trade was a 10.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 40,631 shares of company stock worth $4,550,459 over the last three months. 0.64% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently issued reports on NTRS shares. Bank of America boosted their price objective on Northern Trust from $103.00 to $115.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. The Goldman Sachs Group boosted their price target on shares of Northern Trust from $92.00 to $102.00 and gave the company a "sell" rating in a research report on Friday, January 24th. Barclays raised their price objective on shares of Northern Trust from $115.00 to $118.00 and gave the stock an "equal weight" rating in a report on Monday, January 6th. Keefe, Bruyette & Woods boosted their target price on shares of Northern Trust from $113.00 to $122.00 and gave the company a "market perform" rating in a report on Friday, January 24th. Finally, StockNews.com raised Northern Trust from a "hold" rating to a "buy" rating in a report on Friday, January 24th. One analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $112.58.
Read Our Latest Stock Report on NTRS
Northern Trust Profile
(
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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