FDx Advisors Inc. cut its holdings in Northern Trust Corporation (NASDAQ:NTRS) by 24.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 9,156 shares of the asset manager’s stock after selling 2,948 shares during the period. FDx Advisors Inc.’s holdings in Northern Trust Corporation were worth $842,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Boston Advisors LLC increased its stake in Northern Trust Corporation by 6,051.0% during the second quarter. Boston Advisors LLC now owns 160,540 shares of the asset manager’s stock valued at $15,606,000 after acquiring an additional 157,930 shares during the period. Schwab Charles Investment Management Inc. boosted its holdings in Northern Trust Corporation by 4.0% during the second quarter. Schwab Charles Investment Management Inc. now owns 675,307 shares of the asset manager’s stock valued at $65,647,000 after purchasing an additional 26,164 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in Northern Trust Corporation by 0.7% during the second quarter. Principal Financial Group Inc. now owns 337,497 shares of the asset manager’s stock valued at $32,808,000 after purchasing an additional 2,298 shares in the last quarter. Eaton Vance Management boosted its holdings in Northern Trust Corporation by 0.3% during the second quarter. Eaton Vance Management now owns 753,651 shares of the asset manager’s stock valued at $73,262,000 after purchasing an additional 2,397 shares in the last quarter. Finally, Delta Lloyd Asset Management N.V. acquired a new stake in Northern Trust Corporation during the second quarter valued at approximately $2,799,000. Hedge funds and other institutional investors own 82.00% of the company’s stock.
Shares of Northern Trust Corporation (NASDAQ:NTRS) opened at $93.71 on Friday. The company has a market cap of $21,213.84, a price-to-earnings ratio of 20.37, a P/E/G ratio of 2.06 and a beta of 0.96. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.71 and a quick ratio of 0.71. Northern Trust Corporation has a 1 year low of $80.49 and a 1 year high of $99.30.
Northern Trust Corporation (NASDAQ:NTRS) last announced its earnings results on Wednesday, October 18th. The asset manager reported $1.20 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.12 by $0.08. The firm had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.35 billion. Northern Trust Corporation had a net margin of 20.27% and a return on equity of 12.33%. The company’s revenue for the quarter was up 11.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.11 EPS. research analysts expect that Northern Trust Corporation will post 4.68 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, January 1st. Investors 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 yield of 1.79%. The ex-dividend date of this dividend is Thursday, November 30th. Northern Trust Corporation’s payout ratio is presently 37.17%.
NTRS has been the topic of a number of recent research reports. Wells Fargo & Company initiated coverage on Northern Trust Corporation in a report on Wednesday, August 9th. They set a “market perform” rating and a $90.00 price objective on the stock. BidaskClub downgraded Northern Trust Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. UBS AG lifted their price objective on Northern Trust Corporation from $100.00 to $109.00 and gave the company a “buy” rating in a report on Thursday, October 19th. The Goldman Sachs Group, Inc. reaffirmed a “neutral” rating and set a $86.00 price objective (down from $91.00) on shares of Northern Trust Corporation in a report on Saturday, July 22nd. Finally, Zacks Investment Research downgraded Northern Trust Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, August 22nd. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $97.07.
In related news, Vice Chairman William L. Morrison sold 11,058 shares of the company’s stock in a transaction on Wednesday, October 25th. The shares were sold at an average price of $94.34, for a total value of $1,043,211.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Clair Joyce St sold 13,814 shares of the company’s stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $89.32, for a total transaction of $1,233,866.48. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 338,082 shares of company stock valued at $31,732,330. Company insiders own 1.27% of the company’s stock.
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About Northern Trust Corporation
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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