BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp trimmed its holdings in shares of Northern Trust Co. (NASDAQ:NTRS) by 2.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 110,185 shares of the asset manager’s stock after selling 2,912 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Northern Trust were worth $10,129,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also bought and sold shares of the company. Salem Investment Counselors Inc. grew its position in Northern Trust by 8.3% during the second quarter. Salem Investment Counselors Inc. now owns 1,083 shares of the asset manager’s stock worth $105,000 after buying an additional 83 shares in the last quarter. Dupont Capital Management Corp purchased a new position in Northern Trust during the second quarter worth about $107,000. Bessemer Group Inc. grew its position in Northern Trust by 16.9% during the second quarter. Bessemer Group Inc. now owns 1,461 shares of the asset manager’s stock worth $143,000 after buying an additional 211 shares in the last quarter. MPS Loria Financial Planners LLC purchased a new position in Northern Trust during the second quarter worth about $134,000. Finally, Sun Life Financial INC grew its position in Northern Trust by 15,740.0% during the second quarter. Sun Life Financial INC now owns 1,584 shares of the asset manager’s stock worth $154,000 after buying an additional 1,574 shares in the last quarter. Institutional investors and hedge funds own 81.75% of the company’s stock.
In other news, Vice Chairman William L. Morrison sold 30,000 shares of the business’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $96.48, for a total value of $2,894,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Frederick H. Waddell sold 177,964 shares of the business’s stock in a transaction dated Wednesday, October 18th. The shares were sold at an average price of $95.64, for a total value of $17,020,476.96. The disclosure for this sale can be found here. In the last three months, insiders sold 433,382 shares of company stock valued at $41,304,013. 1.27% of the stock is currently owned by corporate insiders.
Northern Trust Co. (NTRS) opened at $97.73 on Monday. Northern Trust Co. has a fifty-two week low of $81.92 and a fifty-two week high of $99.66. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $22,230.00, a PE ratio of 21.34, a PEG ratio of 2.08 and a beta of 0.96.
Northern Trust (NASDAQ:NTRS) last released its earnings results on Wednesday, October 18th. The asset manager reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.08. Northern Trust had a return on equity of 12.33% and a net margin of 20.27%. The company had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.35 billion. During the same quarter in the previous year, the company posted $1.11 EPS. Northern Trust’s revenue for the quarter was up 11.2% on a year-over-year basis. research analysts anticipate that Northern Trust Co. will post 4.68 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, January 1st. Stockholders of record on Friday, December 1st will be paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date is Thursday, November 30th. Northern Trust’s dividend payout ratio (DPR) is presently 37.09%.
Several equities analysts recently commented on the company. Citigroup restated a “neutral” rating and set a $92.00 target price (up from $90.00) on shares of Northern Trust in a research report on Monday, October 9th. Royal Bank Of Canada reiterated a “buy” rating and issued a $97.00 price objective on shares of Northern Trust in a report on Friday, August 18th. Zacks Investment Research upgraded Northern Trust from a “sell” rating to a “hold” rating in a report on Monday, September 25th. UBS upgraded Northern Trust from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $92.00 to $100.00 in a report on Friday, September 8th. Finally, Bank of America set a $102.00 price objective on Northern Trust and gave the stock a “buy” rating in a report on Thursday, October 19th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $97.07.
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Northern Trust Company Profile
Northern Trust Corporation is a financial holding company. The Company provides asset servicing, fund administration, asset management, fiduciary and banking solutions for corporations, institutions, families and individuals across the world. Its segments include Corporate & Institutional Services (C&IS), Wealth Management, and Treasury and Other.
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