Wimmer Associates 1 LLC trimmed its holdings in shares of Northern Trust Co. (NASDAQ:NTRS) by 5.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 21,321 shares of the asset manager’s stock after selling 1,134 shares during the period. Northern Trust accounts for 1.8% of Wimmer Associates 1 LLC’s portfolio, making the stock its 16th biggest position. Wimmer Associates 1 LLC’s holdings in Northern Trust were worth $1,960,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Salem Investment Counselors Inc. raised its holdings in shares of Northern Trust by 8.3% during the second quarter. Salem Investment Counselors Inc. now owns 1,083 shares of the asset manager’s stock worth $105,000 after purchasing an additional 83 shares during the period. Dupont Capital Management Corp acquired a new stake in shares of Northern Trust in the 2nd quarter worth about $107,000. Bessemer Group Inc. increased its holdings in shares of Northern Trust by 16.9% in the 2nd quarter. Bessemer Group Inc. now owns 1,461 shares of the asset manager’s stock worth $143,000 after acquiring an additional 211 shares during the period. MPS Loria Financial Planners LLC acquired a new stake in shares of Northern Trust in the 2nd quarter worth about $134,000. Finally, Sun Life Financial INC increased its holdings in shares of Northern Trust by 15,740.0% in the 2nd quarter. Sun Life Financial INC now owns 1,584 shares of the asset manager’s stock worth $154,000 after acquiring an additional 1,574 shares during the period. 81.75% of the stock is currently owned by institutional investors.
A number of research firms recently weighed in on NTRS. Bank of America set a $102.00 price objective on shares of Northern Trust and gave the stock a “buy” rating in a report on Thursday, October 19th. Morgan Stanley increased their price objective on shares of Northern Trust from $83.00 to $91.00 and gave the stock an “underweight” rating in a report on Thursday, October 19th. Buckingham Research increased their price objective on shares of Northern Trust from $95.00 to $97.00 and gave the stock a “neutral” rating in a report on Thursday, October 19th. UBS increased their price objective on shares of Northern Trust from $100.00 to $109.00 and gave the stock a “buy” rating in a report on Thursday, October 19th. Finally, Zacks Investment Research cut shares of Northern Trust from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $97.07.
In other Northern Trust news, Vice Chairman William L. Morrison sold 11,058 shares of the business’s stock in a transaction dated Wednesday, October 25th. The stock was sold at an average price of $94.34, for a total transaction of $1,043,211.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, COO Jana R. Schreuder sold 18,489 shares of the business’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $99.20, for a total value of $1,834,108.80. The disclosure for this sale can be found here. Insiders sold 449,963 shares of company stock valued at $42,798,613 over the last ninety days. 1.27% of the stock is currently owned by company insiders.
Shares of Northern Trust Co. (NASDAQ NTRS) opened at $96.50 on Thursday. The firm has a market cap of $22,048.47, a price-to-earnings ratio of 21.17, a price-to-earnings-growth ratio of 2.14 and a beta of 0.96. Northern Trust Co. has a 52 week low of $81.92 and a 52 week high of $99.66. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.71 and a current ratio of 0.71.
Northern Trust (NASDAQ:NTRS) last released its quarterly earnings results on Wednesday, October 18th. The asset manager reported $1.20 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.12 by $0.08. Northern Trust had a return on equity of 12.33% and a net margin of 20.27%. The business had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.35 billion. During the same period in the previous year, the business posted $1.11 earnings per share. The firm’s revenue for the quarter was up 11.2% compared to the same quarter last year. equities analysts forecast that Northern Trust Co. will post 4.68 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, January 1st. Investors of record on Friday, December 1st will be issued a $0.42 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.74%. Northern Trust’s dividend payout ratio is 37.17%.
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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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