Waverton Investment Management Ltd Has $3,677,000 Position in Northern Trust Corp. (NTRS)
Waverton Investment Management Ltd maintained its stake in Northern Trust Corp. (NASDAQ:NTRS) during the second quarter, Holdings Channel reports. The firm owned 55,500 shares of the company’s stock at the end of the second quarter. Waverton Investment Management Ltd’s holdings in Northern Trust Corp. were worth $3,677,000 at the end of the most recent reporting period.
Other hedge funds also recently added to or reduced their stakes in the company. LMR Partners LLP bought a new stake in Northern Trust Corp. during the second quarter worth approximately $659,000. Capital Fund Management S.A. bought a new stake in Northern Trust Corp. during the second quarter worth approximately $967,000. Speece Thorson Capital Group Inc. boosted its stake in Northern Trust Corp. by 9.8% in the second quarter. Speece Thorson Capital Group Inc. now owns 238,777 shares of the company’s stock worth $15,821,000 after buying an additional 21,365 shares in the last quarter. American Century Companies Inc. boosted its stake in Northern Trust Corp. by 6.4% in the second quarter. American Century Companies Inc. now owns 7,702,813 shares of the company’s stock worth $510,388,000 after buying an additional 462,106 shares in the last quarter. Finally, Candriam Luxembourg S.C.A. boosted its stake in Northern Trust Corp. by 3.6% in the second quarter. Candriam Luxembourg S.C.A. now owns 30,092 shares of the company’s stock worth $1,994,000 after buying an additional 1,037 shares in the last quarter. 81.71% of the stock is owned by institutional investors and hedge funds.
Northern Trust Corp. (NASDAQ:NTRS) traded down 0.04% during midday trading on Thursday, hitting $71.87. 744,908 shares of the stock were exchanged. Northern Trust Corp. has a 12-month low of $54.38 and a 12-month high of $76.11. The firm has a 50 day moving average of $69.05 and a 200-day moving average of $68.62. The stock has a market cap of $16.29 billion, a price-to-earnings ratio of 17.75 and a beta of 1.13.
Northern Trust Corp. (NASDAQ:NTRS) last posted its earnings results on Wednesday, July 20th. The company reported $1.09 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.06 by $0.03. Northern Trust Corp. had a net margin of 19.38% and a return on equity of 11.38%. The firm earned $1.32 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same period last year, the firm posted $1.01 EPS. The firm’s revenue for the quarter was up 4.8% on a year-over-year basis. On average, equities analysts expect that Northern Trust Corp. will post $4.23 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Saturday, October 1st. Shareholders of record on Friday, September 2nd were issued a dividend of $0.38 per share. This is an increase from Northern Trust Corp.’s previous quarterly dividend of $0.36. This represents a $1.52 annualized dividend and a yield of 2.11%. The ex-dividend date was Wednesday, August 31st. Northern Trust Corp.’s dividend payout ratio (DPR) is 37.53%.
A number of analysts have recently commented on the stock. Zacks Investment Research raised shares of Northern Trust Corp. from a “hold” rating to a “buy” rating and set a $78.00 target price for the company in a research note on Wednesday. Credit Agricole SA boosted their target price on shares of Northern Trust Corp. from $70.00 to $73.00 and gave the stock an “underperform” rating in a research note on Friday, September 23rd. Deutsche Bank AG boosted their price target on shares of Northern Trust Corp. from $75.00 to $76.00 and gave the stock a “hold” rating in a research report on Friday, September 9th. Jefferies Group restated a “hold” rating and set a $71.00 price target (up from $68.00) on shares of Northern Trust Corp. in a research report on Sunday, July 24th. Finally, Credit Suisse Group AG set a $68.00 price target on shares of Northern Trust Corp. and gave the stock a “hold” rating in a research report on Wednesday, July 20th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $71.81.
In other Northern Trust Corp. news, EVP Jeffrey D. Cohodes sold 10,000 shares of the firm’s stock in a transaction dated Thursday, September 1st. The shares were sold at an average price of $71.35, for a total transaction of $713,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Biff Bowman sold 2,960 shares of the firm’s stock in a transaction dated Wednesday, September 7th. The shares were sold at an average price of $70.00, for a total transaction of $207,200.00. The disclosure for this sale can be found here. Company insiders own 1.90% of the company’s stock.
About Northern Trust Corp.
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 around the world. The Company’s segments include Corporate & Institutional Services (C&IS), Wealth Management, and Treasury and Other.
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