Northern Trust Corporation (NTRS) Shares Bought by Mitsubishi UFJ Kokusai Asset Management Co. Ltd.
Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in Northern Trust Corporation (NASDAQ:NTRS) by 2.6% during the third quarter, Holdings Channel reports. The institutional investor owned 33,249 shares of the company’s stock after buying an additional 831 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Northern Trust Corporation were worth $2,261,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Northern Trust Corporation by 1.5% in the second quarter. Vanguard Group Inc. now owns 12,804,278 shares of the company’s stock worth $848,412,000 after buying an additional 187,195 shares in the last quarter. FMR LLC increased its stake in Northern Trust Corporation by 13.8% in the second quarter. FMR LLC now owns 8,583,519 shares of the company’s stock worth $568,744,000 after buying an additional 1,041,052 shares in the last quarter. American Century Companies Inc. increased its stake in Northern Trust Corporation 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. Burgundy Asset Management Ltd. increased its stake in Northern Trust Corporation by 5.9% in the second quarter. Burgundy Asset Management Ltd. now owns 2,431,383 shares of the company’s stock worth $161,103,000 after buying an additional 135,166 shares in the last quarter. Finally, Primecap Management Co. CA increased its stake in Northern Trust Corporation by 2.0% in the second quarter. Primecap Management Co. CA now owns 1,810,400 shares of the company’s stock worth $119,957,000 after buying an additional 35,000 shares in the last quarter. Institutional investors own 79.63% of the company’s stock.
Northern Trust Corporation (NASDAQ:NTRS) opened at 90.19 on Friday. The company has a market cap of $20.42 billion, a PE ratio of 21.49 and a beta of 1.06. The company has a 50-day moving average price of $87.07 and a 200 day moving average price of $73.72. Northern Trust Corporation has a 52 week low of $54.38 and a 52 week high of $91.14.
Northern Trust Corporation (NASDAQ:NTRS) last posted its quarterly earnings data on Wednesday, October 19th. The company reported $1.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.09 by $0.01. Northern Trust Corporation had a return on equity of 11.55% and a net margin of 19.58%. The firm earned $1.22 billion during the quarter, compared to analyst estimates of $1.25 billion. During the same quarter in the previous year, the firm posted $0.96 earnings per share. The company’s quarterly revenue was up 5.1% on a year-over-year basis. On average, equities research analysts forecast that Northern Trust Corporation will post $4.30 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Sunday, January 1st. Stockholders of record on Friday, December 2nd were issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.69%. The ex-dividend date was Wednesday, November 30th. Northern Trust Corporation’s dividend payout ratio is currently 36.45%.
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A number of equities research analysts recently commented on NTRS shares. Zacks Investment Research upgraded Northern Trust Corporation from a “hold” rating to a “buy” rating and set a $79.00 target price on the stock in a research report on Monday, October 24th. upped their price objective on Northern Trust Corporation from $70.00 to $73.00 and gave the company an “underperform” rating in a research report on Friday, September 23rd. Barclays PLC upped their price objective on Northern Trust Corporation from $80.00 to $95.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 3rd. Jefferies Group restated a “hold” rating and set a $90.00 price objective on shares of Northern Trust Corporation in a research report on Sunday, December 4th. Finally, Credit Suisse Group started coverage on Northern Trust Corporation in a research report on Tuesday, November 22nd. They set a “neutral” rating and a $71.00 price objective on the stock. One analyst has rated the stock with a sell rating, nine have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $78.19.
In other news, EVP Susan Gillian Pembleton sold 15,574 shares of the business’s stock in a transaction that occurred on Wednesday, November 2nd. The stock was sold at an average price of $72.04, for a total transaction of $1,121,950.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Jane Karpinski sold 1,500 shares of the business’s stock in a transaction that occurred on Friday, December 9th. The stock was sold at an average price of $89.37, for a total value of $134,055.00. The disclosure for this sale can be found here. Insiders own 1.90% of the company’s stock.
About Northern Trust Corporation
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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