Robeco Institutional Asset Management B.V. Grows Stake in Northern Trust Corporation $NTRS

Robeco Institutional Asset Management B.V. boosted its position in shares of Northern Trust Corporation (NASDAQ:NTRS) by 6.3% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 661,268 shares of the asset manager’s stock after acquiring an additional 39,132 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Northern Trust were worth $89,007,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Federation des caisses Desjardins du Quebec increased its position in shares of Northern Trust by 44.0% during the 1st quarter. Federation des caisses Desjardins du Quebec now owns 12,423 shares of the asset manager’s stock valued at $1,226,000 after purchasing an additional 3,796 shares during the last quarter. Alliancebernstein L.P. boosted its holdings in shares of Northern Trust by 0.7% in the first quarter. Alliancebernstein L.P. now owns 260,354 shares of the asset manager’s stock worth $25,684,000 after buying an additional 1,746 shares during the last quarter. UniSuper Management Pty Ltd grew its position in Northern Trust by 3.8% during the first quarter. UniSuper Management Pty Ltd now owns 24,607 shares of the asset manager’s stock valued at $2,427,000 after buying an additional 900 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in Northern Trust during the first quarter valued at approximately $670,000. Finally, United Services Automobile Association bought a new position in Northern Trust in the first quarter worth approximately $480,000. Institutional investors own 83.19% of the company’s stock.

Insider Activity

In other news, EVP Susan Cohen Levy sold 27,591 shares of Northern Trust stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $128.13, for a total transaction of $3,535,234.83. Following the sale, the executive vice president owned 48,257 shares in the company, valued at $6,183,169.41. This trade represents a 36.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider John Landers sold 766 shares of the business’s stock in a transaction on Monday, November 17th. The stock was sold at an average price of $124.35, for a total transaction of $95,252.10. Following the completion of the transaction, the insider directly owned 7,313 shares in the company, valued at $909,371.55. This trade represents a 9.48% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.77% of the company’s stock.

Northern Trust Trading Up 0.1%

Shares of NTRS stock opened at $144.12 on Wednesday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.70 and a current ratio of 0.70. The stock has a fifty day simple moving average of $133.40 and a two-hundred day simple moving average of $130.11. The firm has a market capitalization of $27.26 billion, a PE ratio of 16.80, a PEG ratio of 1.42 and a beta of 1.27. Northern Trust Corporation has a 52-week low of $81.62 and a 52-week high of $144.90.

Northern Trust (NASDAQ:NTRS) last released its quarterly earnings data on Wednesday, October 22nd. The asset manager reported $2.29 earnings per share for the quarter, topping analysts’ consensus estimates of $2.26 by $0.03. Northern Trust had a return on equity of 14.37% and a net margin of 11.99%.The firm had revenue of $2.03 billion during the quarter, compared to analyst estimates of $2.02 billion. During the same quarter in the prior year, the company posted $2.22 earnings per share. The business’s quarterly revenue was up 2.8% compared to the same quarter last year. On average, analysts predict that Northern Trust Corporation will post 8.27 EPS for the current fiscal year.

Northern Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 1st. Shareholders of record on Friday, December 5th were issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend was Friday, December 5th. Northern Trust’s dividend payout ratio (DPR) is 37.30%.

Analyst Upgrades and Downgrades

NTRS has been the subject of a number of recent research reports. Evercore ISI boosted their price objective on shares of Northern Trust from $125.00 to $135.00 and gave the company an “in-line” rating in a research report on Tuesday, September 30th. Morgan Stanley lifted their target price on Northern Trust from $127.00 to $131.00 and gave the company an “underweight” rating in a research report on Wednesday, December 17th. TD Cowen upped their price target on Northern Trust from $152.00 to $155.00 and gave the stock a “buy” rating in a research report on Thursday, October 23rd. BMO Capital Markets started coverage on Northern Trust in a research note on Friday, October 3rd. They issued a “market perform” rating and a $142.00 price objective on the stock. Finally, Wells Fargo & Company boosted their price objective on Northern Trust from $127.00 to $131.00 and gave the company an “equal weight” rating in a research note on Thursday, October 23rd. Five investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $134.54.

Northern Trust Profile

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.