Exencial Wealth Advisors LLC acquired a new position in Northern Trust Corporation (NASDAQ:NTRS) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 11,977 shares of the asset manager’s stock, valued at approximately $1,101,000.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Tdam USA Inc. lifted its stake in Northern Trust Corporation by 0.4% in the second quarter. Tdam USA Inc. now owns 2,629 shares of the asset manager’s stock worth $255,000 after purchasing an additional 10 shares during the last quarter. Creative Planning lifted its stake in Northern Trust Corporation by 0.8% in the second quarter. Creative Planning now owns 2,374 shares of the asset manager’s stock worth $231,000 after purchasing an additional 20 shares during the last quarter. Wetherby Asset Management Inc. lifted its stake in Northern Trust Corporation by 0.5% in the second quarter. Wetherby Asset Management Inc. now owns 5,867 shares of the asset manager’s stock worth $570,000 after purchasing an additional 27 shares during the last quarter. Veritable L.P. lifted its stake in Northern Trust Corporation by 0.5% in the second quarter. Veritable L.P. now owns 7,941 shares of the asset manager’s stock worth $772,000 after purchasing an additional 42 shares during the last quarter. Finally, Conning Inc. lifted its stake in Northern Trust Corporation by 0.8% in the second quarter. Conning Inc. now owns 6,263 shares of the asset manager’s stock worth $609,000 after purchasing an additional 50 shares during the last quarter. 80.08% of the stock is owned by institutional investors and hedge funds.
Shares of Northern Trust Corporation (NTRS) traded up $0.36 during mid-day trading on Monday, reaching $94.07. 1,067,100 shares of the company traded hands, compared to its average volume of 1,156,150. The stock has a market capitalization of $21,393.50, a price-to-earnings ratio of 20.54, a price-to-earnings-growth ratio of 2.08 and a beta of 0.96. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.37. Northern Trust Corporation has a 12 month low of $80.49 and a 12 month high of $99.30.
Northern Trust Corporation (NASDAQ:NTRS) last issued its quarterly earnings data on Wednesday, October 18th. The asset manager reported $1.20 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.12 by $0.08. The company had revenue of $1.36 billion for 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%. Northern Trust Corporation’s revenue was up 11.2% compared to the same quarter last year. During the same period last year, the company posted $1.11 earnings per share. analysts anticipate that Northern Trust Corporation will post 4.68 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 1st. Investors of record on Friday, December 1st will be issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 1.79%. The ex-dividend date is Thursday, November 30th. Northern Trust Corporation’s payout ratio is 37.17%.
In related news, Chairman Frederick H. Waddell sold 100,000 shares of Northern Trust Corporation stock in a transaction that occurred on Wednesday, September 27th. The shares were sold at an average price of $92.00, for a total transaction of $9,200,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Clair Joyce St sold 13,814 shares of Northern Trust Corporation stock in a transaction that occurred on Wednesday, August 23rd. The shares were 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 three months, insiders have sold 338,082 shares of company stock worth $31,732,330. 1.27% of the stock is currently owned by corporate insiders.
Several analysts have issued reports on the stock. Zacks Investment Research raised shares of Northern Trust Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, August 2nd. BidaskClub raised shares of Northern Trust Corporation from a “sell” rating to a “hold” rating in a research note on Friday, August 11th. Wells Fargo & Company assumed coverage on shares of Northern Trust Corporation in a research note on Wednesday, August 9th. They issued a “market perform” rating and a $90.00 price objective for the company. Buckingham Research raised their price objective on shares of Northern Trust Corporation from $95.00 to $97.00 and gave the stock a “neutral” rating in a research note on Thursday, October 19th. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $97.00 price objective on shares of Northern Trust Corporation in a research note on Friday, August 18th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $97.07.
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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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