Federated Investors Inc. PA lowered its position in Northern Trust Co. (NASDAQ:NTRS) by 54.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,412 shares of the asset manager’s stock after selling 6,549 shares during the period. Federated Investors Inc. PA’s holdings in Northern Trust were worth $482,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of the company. Martingale Asset Management L P acquired a new stake in Northern Trust during the fourth quarter valued at about $18,126,000. Baird Financial Group Inc. increased its stake in Northern Trust by 6.3% in the fourth quarter. Baird Financial Group Inc. now owns 33,154 shares of the asset manager’s stock valued at $2,952,000 after buying an additional 1,976 shares in the last quarter. Burgundy Asset Management Ltd. increased its stake in Northern Trust by 1.1% in the fourth quarter. Burgundy Asset Management Ltd. now owns 2,480,386 shares of the asset manager’s stock valued at $220,878,000 after buying an additional 27,482 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Northern Trust by 0.3% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,201 shares of the asset manager’s stock valued at $1,086,000 after buying an additional 36 shares in the last quarter. Finally, Concentric Wealth Management LLC acquired a new stake in Northern Trust during the fourth quarter valued at about $2,208,000. Institutional investors and hedge funds own 79.48% of the company’s stock.
Shares of Northern Trust Co. (NASDAQ:NTRS) traded down 0.14% during trading on Friday, reaching $87.33. 728,290 shares of the company were exchanged. The stock has a market capitalization of $19.98 billion, a P/E ratio of 20.22 and a beta of 1.05. The stock has a 50-day moving average of $87.21 and a 200 day moving average of $83.46. Northern Trust Co. has a 52-week low of $61.32 and a 52-week high of $91.14.
Northern Trust (NASDAQ:NTRS) last issued its quarterly earnings data on Wednesday, January 18th. The asset manager reported $1.11 EPS for the quarter, missing analysts’ consensus estimates of $1.13 by $0.02. Northern Trust had a net margin of 19.76% and a return on equity of 11.68%. The firm earned $1.25 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same period in the prior year, the company earned $0.99 earnings per share. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. On average, equities analysts anticipate that Northern Trust Co. will post $4.71 earnings per share for the current fiscal year.
A number of research analysts have recently commented on NTRS shares. Raymond James Financial, Inc. reissued a “strong-buy” rating and set a $105.00 target price (up from $83.00) on shares of Northern Trust in a research report on Thursday, December 29th. Barclays PLC boosted their target price on shares of Northern Trust from $80.00 to $95.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 3rd. Zacks Investment Research cut shares of Northern Trust from a “buy” rating to a “hold” rating in a report on Wednesday, January 25th. Deutsche Bank AG cut their price target on shares of Northern Trust from $94.00 to $93.00 and set a “hold” rating on the stock in a report on Thursday, April 6th. Finally, Jefferies Group LLC raised shares of Northern Trust from a “hold” rating to a “buy” rating and upped their price target for the company from $90.00 to $102.00 in a report on Tuesday, April 11th. One analyst has rated the stock with a sell rating, seven have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Northern Trust has a consensus rating of “Hold” and an average target price of $84.75.
In other news, insider Clair Joyce St sold 28,469 shares of the company’s stock in a transaction on Wednesday, March 1st. The stock was sold at an average price of $89.44, for a total transaction of $2,546,267.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Jana R. Schreuder sold 48,110 shares of the company’s stock in a transaction on Friday, February 24th. The shares were sold at an average price of $87.03, for a total value of $4,187,013.30. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 267,185 shares of company stock worth $23,454,043. Insiders own 1.90% of the company’s stock.
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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