Cornerstone Capital Management Holdings LLC. grew its position in shares of Northern Trust Co. (NASDAQ:NTRS) by 203.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 343,424 shares of the asset manager’s stock after buying an additional 230,337 shares during the period. Cornerstone Capital Management Holdings LLC.’s holdings in Northern Trust were worth $34,303,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Raymond James Trust N.A. increased its position in shares of Northern Trust by 15.9% in the fourth quarter. Raymond James Trust N.A. now owns 3,629 shares of the asset manager’s stock worth $362,000 after purchasing an additional 498 shares during the period. Steward Partners Investment Advisory LLC increased its position in shares of Northern Trust by 18.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,232 shares of the asset manager’s stock worth $322,000 after purchasing an additional 500 shares during the period. OLD National Bancorp IN increased its position in shares of Northern Trust by 7.7% in the fourth quarter. OLD National Bancorp IN now owns 7,010 shares of the asset manager’s stock worth $701,000 after purchasing an additional 500 shares during the period. Standard Life Aberdeen plc increased its position in shares of Northern Trust by 0.9% in the fourth quarter. Standard Life Aberdeen plc now owns 56,584 shares of the asset manager’s stock worth $5,653,000 after purchasing an additional 515 shares during the period. Finally, Cornerstone Advisors Inc. increased its position in shares of Northern Trust by 30.6% in the fourth quarter. Cornerstone Advisors Inc. now owns 2,324 shares of the asset manager’s stock worth $232,000 after purchasing an additional 545 shares during the period. Hedge funds and other institutional investors own 79.49% of the company’s stock.

How to Become a New Pot Stock Millionaire

In other news, COO Jana R. Schreuder sold 4,807 shares of Northern Trust stock in a transaction dated Friday, March 9th. The stock was sold at an average price of $110.00, for a total transaction of $528,770.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Aileen B. Blake sold 3,000 shares of Northern Trust stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $105.32, for a total value of $315,960.00. The disclosure for this sale can be found here. Insiders have sold 189,457 shares of company stock worth $20,188,250 over the last three months. Insiders own 1.04% of the company’s stock.

A number of brokerages recently commented on NTRS. Zacks Investment Research cut Northern Trust from a “buy” rating to a “hold” rating in a research report on Tuesday. BidaskClub raised Northern Trust from a “sell” rating to a “hold” rating in a research note on Friday, February 23rd. Morgan Stanley raised their price objective on Northern Trust from $104.00 to $110.00 and gave the company an “underweight” rating in a research note on Friday, February 2nd. Sandler O’Neill reaffirmed a “hold” rating on shares of Northern Trust in a research note on Thursday, January 25th. Finally, Bank of America raised their price objective on Northern Trust from $112.00 to $116.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $104.81.

Shares of Northern Trust Co. (NASDAQ:NTRS) opened at $108.55 on Wednesday. The firm has a market capitalization of $24,703.46, a PE ratio of 22.72, a P/E/G ratio of 1.44 and a beta of 0.95. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.71 and a quick ratio of 0.71. Northern Trust Co. has a 12 month low of $83.17 and a 12 month high of $110.81.

Northern Trust (NASDAQ:NTRS) last announced its quarterly earnings results on Wednesday, January 24th. The asset manager reported $1.35 EPS for the quarter, beating the Zacks’ consensus estimate of $1.30 by $0.05. Northern Trust had a return on equity of 12.77% and a net margin of 20.98%. The firm had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.41 billion. During the same period last year, the firm posted $1.11 earnings per share. The business’s revenue for the quarter was up 15.6% on a year-over-year basis. equities analysts predict that Northern Trust Co. will post 6.1 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Sunday, April 1st. Stockholders of record on Friday, March 9th will be paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date of this dividend is Thursday, March 8th. Northern Trust’s payout ratio is 34.15%.

COPYRIGHT VIOLATION NOTICE: “Cornerstone Capital Management Holdings LLC. Purchases 230,337 Shares of Northern Trust Co. (NTRS)” was originally posted by Daily Political and is the property of of Daily Political. If you are accessing this news story on another publication, it was illegally stolen and republished in violation of United States and international copyright and trademark laws. The correct version of this news story can be viewed at https://www.dailypolitical.com/2018/03/14/cornerstone-capital-management-holdings-llc-purchases-230337-shares-of-northern-trust-co-ntrs.html.

Northern Trust 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.

Want to see what other hedge funds are holding NTRS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Northern Trust Co. (NASDAQ:NTRS).

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

Receive News & Ratings for Northern Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northern Trust and related companies with MarketBeat.com's FREE daily email newsletter.