Alps Advisors Inc. trimmed its holdings in Northern Trust Co. (NASDAQ:NTRS) by 12.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 3,846 shares of the asset manager’s stock after selling 568 shares during the quarter. Alps Advisors Inc.’s holdings in Northern Trust were worth $384,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Calton & Associates Inc. bought a new position in Northern Trust during the 4th quarter valued at about $361,000. Raymond James Trust N.A. increased its position in shares of Northern Trust by 15.9% during the 4th quarter. Raymond James Trust N.A. now owns 3,629 shares of the asset manager’s stock valued at $362,000 after purchasing an additional 498 shares during the last quarter. Public Employees Retirement Association of Colorado increased its position in shares of Northern Trust by 3.4% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 40,844 shares of the asset manager’s stock valued at $4,080,000 after purchasing an additional 1,332 shares during the last quarter. Aperio Group LLC increased its position in shares of Northern Trust by 1.5% during the 4th quarter. Aperio Group LLC now owns 125,895 shares of the asset manager’s stock valued at $12,576,000 after purchasing an additional 1,821 shares during the last quarter. Finally, Quantitative Systematic Strategies LLC increased its holdings in Northern Trust by 120.8% in the 4th quarter. Quantitative Systematic Strategies LLC now owns 11,413 shares of the asset manager’s stock worth $1,140,000 after acquiring an additional 6,245 shares in the last quarter. Hedge funds and other institutional investors own 78.94% of the company’s stock.
Northern Trust Co. (NASDAQ NTRS) traded up $0.57 during trading on Thursday, hitting $107.77. The company had a trading volume of 1,270,000 shares, compared to its average volume of 1,360,000. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.71 and a quick ratio of 0.71. Northern Trust Co. has a 12-month low of $83.17 and a 12-month high of $109.89. The firm has a market capitalization of $24,510.00, a P/E ratio of 22.98, a price-to-earnings-growth ratio of 1.40 and a beta of 0.94.
Northern Trust (NASDAQ:NTRS) last released its earnings results on Wednesday, January 24th. The asset manager reported $1.35 EPS for the quarter, topping the Zacks’ consensus estimate of $1.30 by $0.05. Northern Trust had a return on equity of 12.77% and a net margin of 20.98%. The firm had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.41 billion. During the same quarter in the previous year, the company posted $1.11 earnings per share. The company’s revenue was up 15.6% compared to the same quarter last year. analysts expect that Northern Trust Co. will post 6.11 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, April 1st. Stockholders of record on Friday, March 9th will be given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date is Thursday, March 8th. Northern Trust’s dividend payout ratio (DPR) is presently 35.82%.
Several research firms recently issued reports on NTRS. Sandler O’Neill reissued a “hold” rating and issued a $105.00 target price on shares of Northern Trust in a report on Wednesday, January 10th. BidaskClub raised shares of Northern Trust from a “sell” rating to a “hold” rating in a report on Friday, February 23rd. Vining Sparks reiterated a “buy” rating and set a $118.00 target price on shares of Northern Trust in a research report on Wednesday, January 24th. Morgan Stanley increased their target price on Northern Trust from $104.00 to $110.00 and gave the company an “underweight” rating in a research report on Friday, February 2nd. Finally, Wells Fargo & Co set a $105.00 price target on Northern Trust and gave the stock a “hold” rating in a research report on Wednesday, December 20th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company’s stock. Northern Trust currently has an average rating of “Hold” and an average price target of $104.81.
In related news, Vice Chairman William L. Morrison sold 46,053 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $109.18, for a total transaction of $5,028,066.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Jana R. Schreuder sold 3,730 shares of the business’s stock in a transaction that occurred on Thursday, March 1st. The stock was sold at an average price of $105.14, for a total value of $392,172.20. The disclosure for this sale can be found here. Insiders sold 178,650 shares of company stock valued at $19,018,740 over the last 90 days. Company insiders own 1.27% of the company’s stock.
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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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