Zeke Capital Advisors LLC Takes Position in Northern Trust Co. (NTRS)
Zeke Capital Advisors LLC bought a new stake in shares of Northern Trust Co. (NASDAQ:NTRS) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 4,627 shares of the asset manager’s stock, valued at approximately $425,000.
A number of other institutional investors also recently made changes to their positions in the business. Nuance Investments LLC lifted its holdings in shares of Northern Trust by 17.8% in the 3rd quarter. Nuance Investments LLC now owns 674,933 shares of the asset manager’s stock worth $62,047,000 after acquiring an additional 102,217 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Northern Trust by 8.9% during the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 17,467 shares of the asset manager’s stock valued at $1,606,000 after purchasing an additional 1,434 shares during the period. Trexquant Investment LP purchased a new position in Northern Trust during the 3rd quarter valued at $213,000. Pegasus Partners Ltd. increased its position in Northern Trust by 42.8% during the 3rd quarter. Pegasus Partners Ltd. now owns 50,711 shares of the asset manager’s stock valued at $4,662,000 after purchasing an additional 15,207 shares during the period. Finally, JPMorgan Chase & Co. increased its position in Northern Trust by 0.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 8,262,483 shares of the asset manager’s stock valued at $759,569,000 after purchasing an additional 41,048 shares during the period. Institutional investors and hedge funds own 81.75% of the company’s stock.
Several equities research analysts have recently commented on NTRS shares. Zacks Investment Research lowered shares of Northern Trust from a “hold” rating to a “sell” rating in a research report on Monday, August 28th. UBS raised shares of Northern Trust from a “neutral” rating to a “buy” rating and upped their price target for the company from $92.00 to $100.00 in a research report on Friday, September 8th. Bank of America set a $102.00 price target on shares of Northern Trust and gave the company a “buy” rating in a research report on Thursday, October 19th. Citigroup reaffirmed a “neutral” rating and set a $92.00 price target (up previously from $90.00) on shares of Northern Trust in a research report on Monday, October 9th. Finally, Morgan Stanley upped their price target on shares of Northern Trust from $83.00 to $91.00 and gave the company an “underweight” rating in a research report on Thursday, October 19th. Two equities 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 assigned a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $97.07.
Shares of Northern Trust Co. (NASDAQ:NTRS) opened at $97.78 on Friday. The stock has a market capitalization of $22,240.00, a price-to-earnings ratio of 21.02, a P/E/G ratio of 2.13 and a beta of 0.96. Northern Trust Co. has a 52-week low of $80.86 and a 52-week high of $99.30. 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 (NASDAQ:NTRS) last released its earnings results on Wednesday, October 18th. The asset manager reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.08. Northern Trust had a return on equity of 12.33% and a net margin of 20.27%. The business had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.35 billion. During the same period last year, the company earned $1.11 earnings per share. The business’s revenue for the quarter was up 11.2% compared to the same quarter last year. analysts anticipate that Northern Trust Co. 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 given a dividend of $0.42 per share. The ex-dividend date is Thursday, November 30th. This represents a $1.68 annualized dividend and a dividend yield of 1.72%. Northern Trust’s dividend payout ratio (DPR) is 37.09%.
In other news, EVP Aileen B. Blake sold 1,000 shares of the firm’s stock in a transaction on Wednesday, September 27th. The stock was sold at an average price of $92.00, for a total transaction of $92,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Peter Cherecwich sold 5,128 shares of the firm’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $97.63, for a total value of $500,646.64. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 391,543 shares of company stock valued at $37,086,224. Corporate insiders own 1.27% of the company’s stock.
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Northern Trust 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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