New Mexico Educational Retirement Board increased its position in Northern Trust Co. (NASDAQ:NTRS) by 3.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,611 shares of the asset manager’s stock after buying an additional 600 shares during the quarter. New Mexico Educational Retirement Board’s holdings in Northern Trust were worth $2,059,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also recently added to or reduced their stakes in NTRS. Macquarie Group Ltd. lifted its position in Northern Trust by 393.3% in the 2nd quarter. Macquarie Group Ltd. now owns 7,400 shares of the asset manager’s stock worth $719,000 after buying an additional 5,900 shares during the last quarter. Public Employees Retirement System of Ohio increased its stake in Northern Trust by 1.6% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 92,635 shares of the asset manager’s stock worth $9,005,000 after purchasing an additional 1,474 shares during the period. Cetera Investment Advisers purchased a new position in Northern Trust in the 2nd quarter worth approximately $205,000. Burgundy Asset Management Ltd. increased its stake in Northern Trust by 1.4% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 2,373,551 shares of the asset manager’s stock worth $230,733,000 after purchasing an additional 32,849 shares during the period. Finally, Shell Asset Management Co. increased its stake in Northern Trust by 187.4% in the 3rd quarter. Shell Asset Management Co. now owns 34,698 shares of the asset manager’s stock worth $2,361,000 after purchasing an additional 22,624 shares during the period. Institutional investors own 80.69% of the company’s stock.
Northern Trust Co. (NASDAQ NTRS) opened at $104.86 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.71 and a current ratio of 0.71. Northern Trust Co. has a 12 month low of $83.17 and a 12 month high of $108.91. The stock has a market capitalization of $23,847.37, a P/E ratio of 21.76, a PEG ratio of 1.40 and a beta of 0.99.
Northern Trust (NASDAQ:NTRS) last posted its earnings results on Wednesday, January 24th. The asset manager reported $1.35 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.30 by $0.05. Northern Trust had a return on equity of 12.77% and a net margin of 20.98%. The firm had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.41 billion. During the same period in the previous year, the firm earned $1.11 earnings per share. The business’s revenue was up 15.6% compared to the same quarter last year. sell-side analysts anticipate that Northern Trust Co. will post 6.02 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Sunday, April 1st. Stockholders of record on Friday, March 9th will be paid a dividend of $0.42 per share. The ex-dividend date is Thursday, March 8th. This represents a $1.68 annualized dividend and a dividend yield of 1.60%. Northern Trust’s dividend payout ratio (DPR) is presently 34.15%.
In other news, EVP Wilson Leech sold 8,958 shares of the business’s stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $106.17, for a total transaction of $951,070.86. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Aileen B. Blake sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $105.32, for a total value of $315,960.00. The disclosure for this sale can be found here. Insiders have sold 198,655 shares of company stock worth $19,906,776 over the last three months. Insiders own 1.27% of the company’s stock.
A number of equities analysts have commented on NTRS shares. Zacks Investment Research raised Northern Trust from a “hold” rating to a “buy” rating and set a $110.00 price target on the stock in a research note on Tuesday, December 19th. Wells Fargo & Co set a $105.00 price target on Northern Trust and gave the stock a “hold” rating in a research note on Wednesday, December 20th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $110.00 price target on shares of Northern Trust in a research note on Friday, December 22nd. Barclays lifted their price target on Northern Trust from $102.00 to $114.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 2nd. Finally, Sandler O’Neill reaffirmed a “hold” rating and issued a $105.00 price target on shares of Northern Trust in a research note on Wednesday, January 10th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $104.81.
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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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