Northern Trust Corporation $NTRS Shares Purchased by Tredje AP fonden

Tredje AP fonden grew its stake in shares of Northern Trust Corporation (NASDAQ:NTRS) by 41.5% during the third quarter, HoldingsChannel reports. The firm owned 26,075 shares of the asset manager’s stock after buying an additional 7,648 shares during the period. Tredje AP fonden’s holdings in Northern Trust were worth $3,510,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Cullen Frost Bankers Inc. raised its stake in shares of Northern Trust by 84.8% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 1,567 shares of the asset manager’s stock valued at $199,000 after purchasing an additional 719 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Northern Trust by 2.1% in the third quarter. Bank of New York Mellon Corp now owns 1,947,456 shares of the asset manager’s stock valued at $262,128,000 after buying an additional 40,048 shares during the last quarter. Aviva PLC raised its stake in Northern Trust by 8.4% during the second quarter. Aviva PLC now owns 149,911 shares of the asset manager’s stock valued at $19,007,000 after buying an additional 11,587 shares in the last quarter. SG Americas Securities LLC lifted its holdings in Northern Trust by 228.0% during the 3rd quarter. SG Americas Securities LLC now owns 75,829 shares of the asset manager’s stock worth $10,207,000 after buying an additional 52,711 shares during the last quarter. Finally, National Pension Service grew its position in shares of Northern Trust by 4.3% in the 3rd quarter. National Pension Service now owns 360,527 shares of the asset manager’s stock worth $48,527,000 after acquiring an additional 14,899 shares in the last quarter. Institutional investors and hedge funds own 83.19% of the company’s stock.

Insider Activity at Northern Trust

In other news, insider Guy Gibson sold 1,043 shares of the stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $147.43, for a total value of $153,769.49. Following the completion of the transaction, the insider directly owned 35,013 shares in the company, valued at $5,161,966.59. This trade represents a 2.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Peter Cherecwich sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, January 26th. The shares were sold at an average price of $149.62, for a total transaction of $3,740,500.00. Following the transaction, the chief operating officer owned 26,259 shares in the company, valued at $3,928,871.58. This represents a 48.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 27,191 shares of company stock worth $4,061,028 in the last three months. Insiders own 0.77% of the company’s stock.

Analyst Upgrades and Downgrades

NTRS has been the topic of several research reports. Wells Fargo & Company upped their price target on Northern Trust from $145.00 to $150.00 and gave the company an “equal weight” rating in a research report on Friday, January 23rd. Citigroup raised their target price on shares of Northern Trust from $143.00 to $162.00 and gave the stock a “neutral” rating in a report on Tuesday, January 27th. TD Cowen increased their price target on Northern Trust from $165.00 to $175.00 and gave the stock a “buy” rating in a research report on Monday, January 26th. Royal Bank Of Canada boosted their price objective on Northern Trust from $139.00 to $159.00 and gave the company an “outperform” rating in a research report on Friday, January 23rd. Finally, Wall Street Zen raised Northern Trust from a “sell” rating to a “hold” rating in a research report on Saturday, December 27th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, seven have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, Northern Trust presently has a consensus rating of “Hold” and a consensus target price of $148.75.

Northern Trust Stock Down 0.2%

Shares of Northern Trust stock opened at $144.76 on Friday. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.69 and a quick ratio of 0.70. Northern Trust Corporation has a 1-year low of $81.62 and a 1-year high of $157.60. The business’s fifty day moving average price is $144.89 and its two-hundred day moving average price is $134.84. The company has a market capitalization of $27.38 billion, a P/E ratio of 16.56, a PEG ratio of 1.16 and a beta of 1.27.

Northern Trust (NASDAQ:NTRS) last released its quarterly earnings results on Friday, January 30th. The asset manager reported $2.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.37 by $0.05. Northern Trust had a return on equity of 14.87% and a net margin of 12.15%.The company had revenue of $3.15 billion during the quarter. During the same period in the previous year, the company posted $2.26 EPS. The company’s revenue for the quarter was up 8.4% compared to the same quarter last year. As a group, research analysts forecast that Northern Trust Corporation will post 8.27 EPS for the current year.

Northern Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Friday, March 6th will be paid a dividend of $0.80 per share. The ex-dividend date of this dividend is Friday, March 6th. This represents a $3.20 annualized dividend and a yield of 2.2%. Northern Trust’s dividend payout ratio (DPR) is presently 36.61%.

About Northern Trust

Northern Trust Corporation (NASDAQ: NTRS) is a global financial services firm headquartered in Chicago that provides asset servicing, asset management and wealth management solutions to institutions, corporations and high-net-worth individuals. The company’s core businesses include custody and fund administration, investment operations outsourcing, trust and fiduciary services, private banking, and retirement and defined contribution plan services.

Northern Trust’s product and service offerings span custody and fund accounting, portfolio and performance analytics, securities lending, cash management and foreign exchange, as well as discretionary and non-discretionary investment management.