Nomura Asset Management Co. Ltd. Has $4.84 Million Position in Northern Trust Co. (NTRS)

Nomura Asset Management Co. Ltd. increased its position in shares of Northern Trust Co. (NASDAQ:NTRS) by 4.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 52,648 shares of the asset manager’s stock after purchasing an additional 2,439 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Northern Trust were worth $4,840,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in shares of Northern Trust by 2.6% in the second quarter. Vanguard Group Inc. now owns 14,255,623 shares of the asset manager’s stock valued at $1,385,789,000 after buying an additional 363,691 shares during the last quarter. BlackRock Inc. raised its holdings in shares of Northern Trust by 0.3% in the second quarter. BlackRock Inc. now owns 13,318,550 shares of the asset manager’s stock valued at $1,294,697,000 after buying an additional 38,780 shares during the last quarter. Northern Trust Corp raised its holdings in shares of Northern Trust by 1.5% in the second quarter. Northern Trust Corp now owns 12,414,424 shares of the asset manager’s stock valued at $1,206,806,000 after buying an additional 184,112 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Northern Trust by 0.5% during the third quarter. JPMorgan Chase & Co. now owns 8,262,483 shares of the asset manager’s stock worth $759,569,000 after acquiring an additional 41,048 shares during the period. Finally, Burgundy Asset Management Ltd. increased its stake in shares of Northern Trust by 1.4% during the second quarter. Burgundy Asset Management Ltd. now owns 2,373,551 shares of the asset manager’s stock worth $230,733,000 after acquiring an additional 32,849 shares during the period. 81.75% of the stock is owned by hedge funds and other institutional investors.

In other Northern Trust news, EVP Aileen B. Blake sold 1,000 shares of the stock in a transaction that occurred on Friday, October 6th. The shares were sold at an average price of $94.00, for a total transaction of $94,000.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Frederick H. Waddell sold 44,658 shares of the firm’s stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $97.95, for a total transaction of $4,374,251.10. The disclosure for this sale can be found here. Insiders have sold 449,963 shares of company stock worth $42,798,613 in the last three months. Insiders own 1.27% of the company’s stock.

Northern Trust Co. (NTRS) opened at $97.73 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.71 and a current ratio of 0.71. The stock has a market cap of $21,946.14, a P/E ratio of 21.07, a P/E/G ratio of 2.13 and a beta of 0.96. Northern Trust Co. has a one year low of $81.92 and a one year high of $99.66.

Northern Trust (NASDAQ:NTRS) last announced its quarterly earnings data on Wednesday, October 18th. The asset manager reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.08. The business had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.35 billion. Northern Trust had a net margin of 20.27% and a return on equity of 12.33%. The company’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.11 earnings per share. research analysts forecast that Northern Trust Co. will post 4.68 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 1st. Investors of record on Friday, December 1st will be paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 1.72%. The ex-dividend date is Thursday, November 30th. Northern Trust’s payout ratio is 37.17%.

A number of research analysts have recently issued reports on NTRS shares. Zacks Investment Research lowered shares of Northern Trust from a “hold” rating to a “sell” rating in a research note on Monday, August 28th. UBS upgraded shares of Northern Trust from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $92.00 to $100.00 in a research note on Friday, September 8th. Bank of America set a $102.00 target price on shares of Northern Trust and gave the stock a “buy” rating in a research report on Thursday, October 19th. 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. Finally, Morgan Stanley upped their target price on shares of Northern Trust from $83.00 to $91.00 and gave the stock an “underweight” rating in a research report on Thursday, October 19th. Two research 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’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $97.07.

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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.

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

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