HBK Investments L P lifted its holdings in shares of Northern Trust Co. (NASDAQ:NTRS) by 241.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 71,649 shares of the asset manager’s stock after buying an additional 50,649 shares during the period. HBK Investments L P’s holdings in Northern Trust were worth $7,157,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Field & Main Bank acquired a new stake in shares of Northern Trust during the fourth quarter worth about $100,000. Truewealth LLC acquired a new stake in shares of Northern Trust during the fourth quarter worth about $110,000. Cerebellum GP LLC acquired a new stake in shares of Northern Trust during the fourth quarter worth about $132,000. Mission Wealth Management LP acquired a new stake in shares of Northern Trust during the fourth quarter worth about $200,000. Finally, Legacy Capital Partners Inc. acquired a new stake in shares of Northern Trust during the fourth quarter worth about $210,000. Institutional investors and hedge funds own 79.49% of the company’s stock.
In other Northern Trust news, COO Jana R. Schreuder sold 4,807 shares of the stock in a transaction dated Friday, March 9th. The shares were sold at an average price of $110.00, for a total value of $528,770.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jeffrey D. Cohodes sold 11,982 shares of the stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $98.75, for a total transaction of $1,183,222.50. Following the completion of the transaction, the insider now directly owns 37,936 shares of the company’s stock, valued at $3,746,180. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 189,457 shares of company stock valued at $20,188,250. 1.04% of the stock is currently owned by corporate insiders.
Northern Trust Co. (NASDAQ NTRS) opened at $108.55 on Wednesday. Northern Trust Co. has a 1-year low of $83.17 and a 1-year high of $110.81. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.71 and a quick ratio of 0.71. The stock has a market cap of $24,703.46, a PE ratio of 22.72, a price-to-earnings-growth ratio of 1.44 and a beta of 0.95.
Northern Trust (NASDAQ:NTRS) last issued its earnings results on Wednesday, January 24th. The asset manager reported $1.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.30 by $0.05. Northern Trust had a net margin of 20.98% and a return on equity of 12.77%. The company had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.41 billion. During the same period last year, the company posted $1.11 earnings per share. The firm’s quarterly revenue was up 15.6% compared to the same quarter last year. equities research analysts anticipate that Northern Trust Co. will post 6.1 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Sunday, April 1st. Shareholders of record on Friday, March 9th will be issued a $0.42 dividend. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $1.68 dividend on an annualized basis and a yield of 1.55%. Northern Trust’s dividend payout ratio (DPR) is presently 34.15%.
Several equities research analysts have recently weighed in on the stock. Sandler O’Neill reiterated a “hold” rating and set a $105.00 target price on shares of Northern Trust in a research note on Wednesday, January 10th. Wells Fargo & Co set a $105.00 price objective on shares of Northern Trust and gave the company a “hold” rating in a research report on Wednesday, December 20th. Royal Bank of Canada raised their price objective on shares of Northern Trust to $110.00 and gave the company an “outperform” rating in a research report on Thursday, January 25th. BidaskClub downgraded shares of Northern Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, January 23rd. Finally, Zacks Investment Research upgraded shares of Northern Trust from a “hold” rating to a “buy” rating and set a $110.00 price objective for the company in a research report on Tuesday, December 19th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $104.81.
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Northern Trust Company 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.
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