Northern Trust Co. (NTRS) Stake Raised by Jane Street Group LLC

Jane Street Group LLC lifted its stake in shares of Northern Trust Co. (NASDAQ:NTRS) by 20.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,561 shares of the asset manager’s stock after purchasing an additional 1,304 shares during the period. Jane Street Group LLC’s holdings in Northern Trust were worth $695,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in NTRS. Bessemer Group Inc. grew its holdings in shares of Northern Trust by 16.9% during the second quarter. Bessemer Group Inc. now owns 1,461 shares of the asset manager’s stock valued at $143,000 after buying an additional 211 shares in the last quarter. Global X Management Co. LLC raised its holdings in Northern Trust by 38.2% in the 2nd quarter. Global X Management Co. LLC now owns 5,409 shares of the asset manager’s stock valued at $526,000 after acquiring an additional 1,496 shares in the last quarter. Schwab Charles Investment Management Inc. raised its holdings in Northern Trust by 4.0% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 675,307 shares of the asset manager’s stock valued at $65,647,000 after acquiring an additional 26,164 shares in the last quarter. DekaBank Deutsche Girozentrale raised its holdings in Northern Trust by 49.6% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 24,856 shares of the asset manager’s stock valued at $2,488,000 after acquiring an additional 8,243 shares in the last quarter. Finally, Teacher Retirement System of Texas raised its holdings in Northern Trust by 239.3% in the 2nd quarter. Teacher Retirement System of Texas now owns 41,021 shares of the asset manager’s stock valued at $3,988,000 after acquiring an additional 28,932 shares in the last quarter. 81.75% of the stock is currently owned by institutional investors.

Several equities analysts have commented on the company. Zacks Investment Research cut Northern Trust from a “hold” rating to a “sell” rating in a report on Tuesday, August 22nd. Buckingham Research upped their price target on Northern Trust from $95.00 to $97.00 and gave the company a “neutral” rating in a report on Thursday, October 19th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $97.00 price target on shares of Northern Trust in a report on Friday, August 18th. UBS upped their price target on Northern Trust from $100.00 to $109.00 and gave the company a “buy” rating in a report on Thursday, October 19th. Finally, Morgan Stanley upped their price target on Northern Trust from $83.00 to $91.00 and gave the company an “underweight” rating in a report on Thursday, October 19th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Northern Trust has an average rating of “Hold” and an average target price of $97.07.

In related news, EVP Aileen B. Blake sold 1,000 shares of the stock in a transaction that occurred on Wednesday, September 27th. The stock was sold at an average price of $92.00, for a total transaction of $92,000.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman Frederick H. Waddell sold 177,964 shares of the stock in a transaction that occurred on Wednesday, October 18th. The stock was sold at an average price of $95.64, for a total value of $17,020,476.96. The disclosure for this sale can be found here. Over the last quarter, insiders sold 433,382 shares of company stock worth $41,304,013. Corporate insiders own 1.27% of the company’s stock.

Northern Trust Co. (NASDAQ:NTRS) traded down $0.89 during mid-day trading on Friday, hitting $96.59. The stock had a trading volume of 594,200 shares, compared to its average volume of 1,135,360. Northern Trust Co. has a 52 week low of $81.92 and a 52 week high of $99.66. The company has a market cap of $22,169.01, a price-to-earnings ratio of 21.28, a P/E/G ratio of 2.08 and a beta of 0.96. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.71 and a current ratio of 0.71.

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

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 1st. Stockholders of record on Friday, December 1st will be paid a $0.42 dividend. The ex-dividend date is Thursday, November 30th. This represents a $1.68 annualized dividend and a dividend yield of 1.74%. Northern Trust’s dividend payout ratio is currently 37.17%.

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About Northern Trust

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

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