Glenview State Bank Trust DEPT. Holds Position in Northern Trust Corp. (NTRS)
Glenview State Bank Trust DEPT. held its position in Northern Trust Corp. (NASDAQ:NTRS) during the second quarter, Holdings Channel reports. The institutional investor owned 3,150 shares of the company’s stock at the end of the second quarter. Glenview State Bank Trust DEPT.’s holdings in Northern Trust Corp. were worth $208,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Primecap Management Co. CA acquired a new stake in Northern Trust Corp. during the first quarter worth approximately $115,703,000. Bank of Montreal Can acquired a new stake in Northern Trust Corp. during the second quarter worth approximately $36,022,000. American Century Companies Inc. raised 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 during the last quarter. Junto Capital Management LP acquired a new stake in Northern Trust Corp. during the first quarter worth approximately $24,243,000. Finally, Canada Pension Plan Investment Board raised its stake in Northern Trust Corp. by 377.4% in the first quarter. Canada Pension Plan Investment Board now owns 302,722 shares of the company’s stock worth $19,728,000 after buying an additional 239,310 shares during the last quarter. 81.68% of the stock is owned by institutional investors.
Northern Trust Corp. (NASDAQ:NTRS) traded down 0.45% during midday trading on Monday, reaching $70.27. The company’s stock had a trading volume of 935,576 shares. The stock has a market cap of $15.92 billion, a price-to-earnings ratio of 17.36 and a beta of 1.13. The stock’s 50 day moving average price is $69.59 and its 200-day moving average price is $68.85. Northern Trust Corp. has a one year low of $54.38 and a one year high of $76.11.
Northern Trust Corp. (NASDAQ:NTRS) last released its quarterly earnings data on Wednesday, July 20th. The company reported $1.09 EPS for the quarter, beating the Zacks’ consensus estimate of $1.06 by $0.03. The company earned $1.32 billion during the quarter, compared to the consensus estimate of $1.22 billion. Northern Trust Corp. had a net margin of 19.38% and a return on equity of 11.38%. Northern Trust Corp.’s quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.01 EPS. On average, analysts forecast that Northern Trust Corp. will post $4.24 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Saturday, October 1st. Shareholders of record on Friday, September 2nd were issued a $0.38 dividend. This is an increase from Northern Trust Corp.’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend was Wednesday, August 31st. This represents a $1.52 dividend on an annualized basis and a yield of 2.16%. Northern Trust Corp.’s dividend payout ratio is presently 37.53%.
A number of analysts have commented on NTRS shares. Deutsche Bank AG reissued a “hold” rating on shares of Northern Trust Corp. in a report on Sunday, June 26th. Citigroup Inc. raised Northern Trust Corp. from a “sell” rating to a “neutral” rating and set a $66.00 target price for the company in a report on Tuesday, June 28th. Credit Suisse Group AG reissued a “hold” rating on shares of Northern Trust Corp. in a report on Tuesday, June 28th. Goldman Sachs Group Inc. lowered Northern Trust Corp. from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $82.00 to $71.00 in a report on Thursday, July 7th. Finally, Barclays PLC reissued a “hold” rating on shares of Northern Trust Corp. in a report on Saturday, July 9th. One investment 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. Northern Trust Corp. presently has a consensus rating of “Hold” and a consensus price target of $72.27.
In other Northern Trust Corp. news, EVP Jeffrey D. Cohodes sold 7,616 shares of the stock in a transaction dated Monday, October 10th. The shares were sold at an average price of $72.35, for a total value of $551,017.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President William L. Morrison sold 170,563 shares of the stock in a transaction dated Friday, August 5th. The shares were sold at an average price of $67.36, for a total transaction of $11,489,123.68. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by company insiders.
Northern Trust Corp. 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 around the world. The Company’s segments include Corporate & Institutional Services (C&IS), Wealth Management, and Treasury and Other.
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