Chicago Equity Partners LLC lessened its holdings in shares of Northern Trust Corporation (NASDAQ:NTRS) by 89.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,760 shares of the asset manager’s stock after selling 57,805 shares during the period. Chicago Equity Partners LLC’s holdings in Northern Trust Corporation were worth $621,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. BT Investment Management Ltd increased its holdings in Northern Trust Corporation by 16.4% during the 3rd quarter. BT Investment Management Ltd now owns 4,007 shares of the asset manager’s stock valued at $368,000 after purchasing an additional 565 shares during the period. Wedbush Securities Inc. increased its holdings in Northern Trust Corporation by 56.2% during the 3rd quarter. Wedbush Securities Inc. now owns 3,356 shares of the asset manager’s stock valued at $309,000 after purchasing an additional 1,207 shares during the period. Andra AP fonden increased its holdings in Northern Trust Corporation by 57.7% during the 3rd quarter. Andra AP fonden now owns 48,400 shares of the asset manager’s stock valued at $4,449,000 after purchasing an additional 17,700 shares during the period. New York State Teachers Retirement System increased its holdings in Northern Trust Corporation by 4.5% during the 3rd quarter. New York State Teachers Retirement System now owns 351,484 shares of the asset manager’s stock valued at $32,312,000 after purchasing an additional 15,136 shares during the period. Finally, Reilly Financial Advisors LLC increased its holdings in Northern Trust Corporation by 0.8% during the 3rd quarter. Reilly Financial Advisors LLC now owns 115,028 shares of the asset manager’s stock valued at $10,575,000 after purchasing an additional 918 shares during the period. Institutional investors own 82.00% of the company’s stock.

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A number of brokerages recently issued reports on NTRS. Bank of America Corporation set a $102.00 price target on Northern Trust Corporation and gave the company a “buy” rating in a report on Thursday, October 19th. Morgan Stanley boosted their price target on Northern Trust Corporation from $83.00 to $91.00 and gave the company an “underweight” rating in a report on Thursday, October 19th. Buckingham Research upped their target price on Northern Trust Corporation from $95.00 to $97.00 and gave the stock a “neutral” rating in a report on Thursday, October 19th. UBS AG upped their target price on Northern Trust Corporation from $100.00 to $109.00 and gave the stock a “buy” rating in a report on Thursday, October 19th. Finally, Zacks Investment Research downgraded Northern Trust Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $97.07.

In other news, Vice Chairman William L. Morrison sold 11,058 shares of the business’s stock in a transaction that occurred on Wednesday, October 25th. The stock was sold at an average price of $94.34, for a total value of $1,043,211.72. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Aileen B. Blake sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, October 6th. The shares were sold at an average price of $94.00, for a total value of $94,000.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 338,082 shares of company stock worth $31,732,330. Insiders own 1.27% of the company’s stock.

Shares of Northern Trust Corporation (NASDAQ:NTRS) opened at $93.71 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.71 and a quick ratio of 0.71. Northern Trust Corporation has a 12-month low of $80.49 and a 12-month high of $99.30. The company has a market capitalization of $21,213.84, a P/E ratio of 20.37, a PEG ratio of 2.06 and a beta of 0.96.

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

The business also recently declared a quarterly dividend, which will be paid on Monday, January 1st. Stockholders of record on Friday, December 1st will be given a $0.42 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.79%. Northern Trust Corporation’s dividend payout ratio is currently 37.17%.

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

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