Sei Investments Co. lessened its stake in shares of Northern Trust Co. (NASDAQ:NTRS) by 9.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 186,950 shares of the asset manager’s stock after selling 19,152 shares during the quarter. Sei Investments Co.’s holdings in Northern Trust were worth $18,676,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Field & Main Bank acquired a new stake in Northern Trust during the 4th quarter worth about $100,000. Cerebellum GP LLC acquired a new stake in Northern Trust during the 4th quarter worth about $132,000. Cetera Investment Advisers acquired a new stake in Northern Trust during the 2nd quarter worth about $205,000. Hollencrest Capital Management acquired a new stake in Northern Trust during the 4th quarter worth about $210,000. Finally, Legacy Capital Partners Inc. acquired a new stake in Northern Trust during the 4th quarter worth about $210,000. Hedge funds and other institutional investors own 81.05% of the company’s stock.
Several research firms have issued reports on NTRS. BidaskClub downgraded Northern Trust from a “hold” rating to a “sell” rating in a report on Saturday, February 10th. Morgan Stanley boosted their price objective on Northern Trust from $104.00 to $110.00 and gave the stock an “underweight” rating in a report on Friday, February 2nd. Sandler O’Neill restated a “hold” rating on shares of Northern Trust in a report on Thursday, January 25th. Bank of America boosted their price objective on Northern Trust from $112.00 to $116.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. Finally, Royal Bank of Canada boosted their price objective on Northern Trust to $110.00 and gave the stock an “outperform” rating in a report on Thursday, January 25th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $104.81.
In related news, EVP Aileen B. Blake sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $105.32, for a total value of $315,960.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Frederick H. Waddell sold 44,658 shares of the business’s stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $97.95, for a total value of $4,374,251.10. The disclosure for this sale can be found here. In the last three months, insiders sold 198,655 shares of company stock valued at $19,906,776. 1.27% of the stock is currently owned by company insiders.
Northern Trust Co. (NTRS) opened at $104.86 on Monday. The firm has a market capitalization of $23,847.38, a PE ratio of 21.75, a PEG ratio of 1.40 and a beta of 0.99. Northern Trust Co. has a twelve month low of $83.17 and a twelve month high of $108.91. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.35.
Northern Trust (NASDAQ:NTRS) last issued its earnings results on Wednesday, January 24th. The asset manager reported $1.35 earnings per share for the quarter, beating analysts’ consensus estimates of $1.30 by $0.05. The company had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.41 billion. Northern Trust had a return on equity of 12.77% and a net margin of 20.98%. The firm’s quarterly revenue was up 15.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.11 EPS. sell-side analysts forecast that Northern Trust Co. will post 6.02 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Sunday, April 1st. Stockholders of record on Friday, March 9th will be issued a $0.42 dividend. The ex-dividend date is Thursday, March 8th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.60%. Northern Trust’s dividend payout ratio is 34.15%.
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Northern Trust 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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