Nomura Asset Management Co. Ltd. raised its stake in shares of Northern Trust Co. (NASDAQ:NTRS) by 2.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 53,929 shares of the asset manager’s stock after buying an additional 1,281 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Northern Trust were worth $5,387,000 at the end of the most recent quarter.
A number of other institutional investors also recently modified their holdings of the business. BlackRock Inc. increased its position in Northern Trust by 1.7% during the 4th quarter. BlackRock Inc. now owns 13,568,183 shares of the asset manager’s stock valued at $1,355,326,000 after purchasing an additional 230,925 shares during the period. 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. Geode Capital Management LLC increased its position in Northern Trust by 4.0% during the 4th quarter. Geode Capital Management LLC now owns 2,436,308 shares of the asset manager’s stock valued at $242,889,000 after purchasing an additional 93,566 shares during the period. Burgundy Asset Management Ltd. grew its position in shares of Northern Trust by 0.3% in the 4th quarter. Burgundy Asset Management Ltd. now owns 2,393,055 shares of the asset manager’s stock worth $239,042,000 after buying an additional 6,255 shares during the period. Finally, Wells Fargo & Company MN grew its position in shares of Northern Trust by 8.3% in the 4th quarter. Wells Fargo & Company MN now owns 2,106,085 shares of the asset manager’s stock worth $210,376,000 after buying an additional 160,702 shares during the period. 79.49% of the stock is currently owned by institutional investors and hedge funds.
NTRS has been the topic of a number of recent research reports. Bank of America upped their target price on shares of Northern Trust from $112.00 to $116.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. Vining Sparks reaffirmed a “buy” rating and issued a $118.00 target price on shares of Northern Trust in a research report on Wednesday, January 24th. Zacks Investment Research raised shares of Northern Trust from a “hold” rating to a “buy” rating and set a $110.00 target price on the stock in a research report on Tuesday, December 19th. BidaskClub raised shares of Northern Trust from a “hold” rating to a “buy” rating in a research report on Saturday, January 13th. Finally, Barclays upped their target price on shares of Northern Trust from $102.00 to $114.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 2nd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $104.81.
Northern Trust Co. (NASDAQ NTRS) opened at $110.70 on Monday. The stock has a market cap of $24,971.90, a PE ratio of 22.97, a P/E/G ratio of 1.45 and a beta of 0.95. Northern Trust Co. has a one year low of $83.17 and a one year high of $110.79. 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 (NASDAQ:NTRS) last announced its quarterly earnings results on Wednesday, January 24th. The asset manager reported $1.35 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.30 by $0.05. The company had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.41 billion. Northern Trust had a net margin of 20.98% and a return on equity of 12.77%. Northern Trust’s revenue was up 15.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.11 EPS. analysts expect that Northern Trust Co. will post 6.1 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Sunday, April 1st. Investors of record on Friday, March 9th will be paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date is Thursday, March 8th. Northern Trust’s payout ratio is 34.15%.
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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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