Northern Trust Corporation (NASDAQ:NTRS) Holdings Decreased by Andra AP fonden

Andra AP fonden lessened its holdings in Northern Trust Corporation (NASDAQ:NTRS) by 4.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,700 shares of the asset manager’s stock after selling 1,400 shares during the period. Andra AP fonden’s holdings in Northern Trust Corporation were worth $2,984,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Tdam USA Inc. raised its holdings in shares of Northern Trust Corporation by 0.4% in the 2nd quarter. Tdam USA Inc. now owns 2,629 shares of the asset manager’s stock worth $255,000 after acquiring an additional 10 shares during the last quarter. Buckingham Asset Management LLC raised its holdings in shares of Northern Trust Corporation by 0.3% in the 1st quarter. Buckingham Asset Management LLC now owns 6,232 shares of the asset manager’s stock worth $540,000 after acquiring an additional 20 shares during the last quarter. Creative Planning raised its holdings in shares of Northern Trust Corporation by 0.8% in the 2nd quarter. Creative Planning now owns 2,374 shares of the asset manager’s stock worth $231,000 after acquiring an additional 20 shares during the last quarter. Oppenheimer & Co. Inc. raised its holdings in shares of Northern Trust Corporation by 0.8% in the 1st quarter. Oppenheimer & Co. Inc. now owns 2,821 shares of the asset manager’s stock worth $244,000 after acquiring an additional 21 shares during the last quarter. Finally, Bank of The West raised its holdings in shares of Northern Trust Corporation by 0.7% in the 2nd quarter. Bank of The West now owns 3,506 shares of the asset manager’s stock worth $341,000 after acquiring an additional 26 shares during the last quarter. Institutional investors own 81.92% of the company’s stock.

Northern Trust Corporation (NTRS) traded up 0.17% on Friday, hitting $87.96. 1,338,815 shares of the stock were exchanged. The company has a 50-day moving average of $88.36 and a 200-day moving average of $89.74. The stock has a market cap of $20.10 billion, a price-to-earnings ratio of 19.97 and a beta of 0.92. Northern Trust Corporation has a 12 month low of $66.40 and a 12 month high of $99.30.

Northern Trust Corporation (NASDAQ:NTRS) last released its quarterly earnings data on Wednesday, July 19th. The asset manager reported $1.18 earnings per share for the quarter, missing the consensus estimate of $1.23 by ($0.05). Northern Trust Corporation had a net margin of 20.21% and a return on equity of 12.08%. The company had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.33 billion. During the same period in the previous year, the firm earned $1.09 earnings per share. The firm’s revenue for the quarter was up .5% on a year-over-year basis. On average, equities analysts predict that Northern Trust Corporation will post $4.72 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, October 1st. Stockholders of record on Friday, September 1st will be issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 1.91%. This is a boost from Northern Trust Corporation’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Wednesday, August 30th. Northern Trust Corporation’s payout ratio is presently 38.18%.

Northern Trust Corporation announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, June 28th that allows the company to buyback $750.00 million in shares. This buyback authorization allows the asset manager to purchase up to 3.4% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its stock is undervalued.

In other news, insider Stephen N. Potter sold 28,469 shares of the business’s stock in a transaction that occurred on Wednesday, July 5th. The shares were sold at an average price of $99.08, for a total transaction of $2,820,708.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Aileen B. Blake sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $90.00, for a total transaction of $90,000.00. The disclosure for this sale can be found here. Insiders have sold 132,673 shares of company stock valued at $12,394,090 over the last three months. 1.27% of the stock is owned by corporate insiders.

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A number of equities research analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Northern Trust Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. BidaskClub upgraded shares of Northern Trust Corporation from a “sell” rating to a “hold” rating in a report on Friday, August 11th. Wells Fargo & Company initiated coverage on shares of Northern Trust Corporation in a research report on Wednesday, August 9th. They issued a “market perform” rating and a $90.00 price objective for the company. Bank of America Corporation reaffirmed a “buy” rating and issued a $98.00 price objective (up from $61.32) on shares of Northern Trust Corporation in a research report on Friday, May 26th. Finally, Buckingham Research reaffirmed a “neutral” rating and issued a $103.00 price objective (up from $93.00) on shares of Northern Trust Corporation in a research report on Monday, July 10th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $94.57.

Northern Trust Corporation 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.

Institutional Ownership by Quarter for Northern Trust Corporation (NASDAQ:NTRS)

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