Cape Cod Five Cents Savings Bank lessened its holdings in shares of Northern Trust Corporation (NASDAQ:NTRS) by 18.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,569 shares of the asset manager’s stock after selling 7,650 shares during the quarter. Cape Cod Five Cents Savings Bank’s holdings in Northern Trust Corporation were worth $3,178,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Pennsylvania Trust Co grew its stake in shares of Northern Trust Corporation by 4.5% in the 2nd quarter. Pennsylvania Trust Co now owns 45,615 shares of the asset manager’s stock worth $4,434,000 after acquiring an additional 1,945 shares in the last quarter. Boston Advisors LLC grew its stake in shares of Northern Trust Corporation by 6,051.0% in the 2nd quarter. Boston Advisors LLC now owns 160,540 shares of the asset manager’s stock worth $15,606,000 after acquiring an additional 157,930 shares in the last quarter. Schwab Charles Investment Management Inc. grew its stake in shares of Northern Trust Corporation by 4.0% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 675,307 shares of the asset manager’s stock worth $65,647,000 after acquiring an additional 26,164 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Northern Trust Corporation by 0.7% in the 2nd quarter. Principal Financial Group Inc. now owns 337,497 shares of the asset manager’s stock worth $32,808,000 after acquiring an additional 2,298 shares in the last quarter. Finally, Eaton Vance Management grew its stake in shares of Northern Trust Corporation by 0.3% in the 2nd quarter. Eaton Vance Management now owns 753,651 shares of the asset manager’s stock worth $73,262,000 after acquiring an additional 2,397 shares in the last quarter. Institutional investors and hedge funds own 82.23% of the company’s stock.

Northern Trust Corporation (NASDAQ:NTRS) traded down $0.08 on Monday, reaching $94.31. 153,655 shares of the company traded hands, compared to its average volume of 1,403,906. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.71 and a current ratio of 0.71. Northern Trust Corporation has a one year low of $71.94 and a one year high of $99.30. The company has a market capitalization of $21,466.28, a price-to-earnings ratio of 20.61, a P/E/G ratio of 2.08 and a beta of 0.96.

Northern Trust Corporation (NASDAQ:NTRS) last released its quarterly earnings data on Wednesday, October 18th. The asset manager reported $1.20 EPS for the quarter, beating the consensus estimate of $1.12 by $0.08. The company had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.35 billion. Northern Trust Corporation had a return on equity of 12.33% and a net margin of 20.27%. The firm’s revenue was up 11.2% compared to the same quarter last year. During the same period last year, the company posted $1.11 earnings per share. equities analysts predict that Northern Trust Corporation will post 4.68 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 1st. Stockholders of record on Friday, December 1st will be paid a dividend of $0.42 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $1.68 annualized dividend and a dividend yield of 1.78%. Northern Trust Corporation’s dividend payout ratio is presently 37.17%.

Northern Trust Corporation announced that its Board of Directors has authorized a stock repurchase plan on Tuesday, July 18th that allows the company to buyback 9,500,000 shares. This buyback authorization allows the asset manager to purchase shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

In other news, EVP Aileen B. Blake sold 1,000 shares of the firm’s stock in a transaction dated Friday, October 6th. The stock was sold at an average price of $94.00, for a total transaction of $94,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Aileen B. Blake sold 7,762 shares of the firm’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $88.45, for a total value of $686,548.90. The disclosure for this sale can be found here. Insiders have sold 345,844 shares of company stock valued at $32,418,879 over the last 90 days. Insiders own 1.27% of the company’s stock.

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NTRS has been the subject of several recent analyst reports. Bank of America Corporation reduced their target price on shares of Northern Trust Corporation from $106.00 to $97.00 and set a “buy” rating for the company in a research note on Thursday, July 20th. BidaskClub lowered shares of Northern Trust Corporation from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 19th. Zacks Investment Research upgraded shares of Northern Trust Corporation from a “hold” rating to a “buy” rating and set a $110.00 target price for the company in a research note on Wednesday, July 12th. Royal Bank Of Canada reiterated a “buy” rating and issued a $97.00 target price on shares of Northern Trust Corporation in a research note on Friday, August 18th. Finally, UBS AG upgraded shares of Northern Trust Corporation from a “neutral” rating to a “buy” rating and upped their target price for the stock from $92.00 to $100.00 in a research note on Friday, September 8th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Northern Trust Corporation currently has an average rating of “Hold” and an average price target of $97.07.

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 across the world. Its segments include Corporate & Institutional Services (C&IS), Wealth Management, and Treasury and Other.

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Institutional Ownership by Quarter for Northern Trust Corporation (NASDAQ:NTRS)

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