Gillson Capital LP boosted its position in Northern Trust Co. (NASDAQ:NTRS) by 5.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 188,870 shares of the asset manager’s stock after acquiring an additional 9,548 shares during the period. Northern Trust accounts for 3.2% of Gillson Capital LP’s investment portfolio, making the stock its 14th biggest position. Gillson Capital LP owned approximately 0.08% of Northern Trust worth $18,866,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Profund Advisors LLC lifted its position in shares of Northern Trust by 29.1% in the 4th quarter. Profund Advisors LLC now owns 6,854 shares of the asset manager’s stock worth $685,000 after purchasing an additional 1,544 shares during the period. MANA Advisors LLC purchased a new stake in shares of Northern Trust in the 4th quarter worth about $417,000. Nippon Life Global Investors Americas Inc. purchased a new stake in shares of Northern Trust in the 4th quarter worth about $5,701,000. Renaissance Technologies LLC lifted its position in shares of Northern Trust by 204.2% in the 4th quarter. Renaissance Technologies LLC now owns 100,400 shares of the asset manager’s stock worth $10,029,000 after purchasing an additional 67,400 shares during the period. Finally, Kings Point Capital Management lifted its position in shares of Northern Trust by 1,074.1% in the 4th quarter. Kings Point Capital Management now owns 13,737 shares of the asset manager’s stock worth $1,372,000 after purchasing an additional 12,567 shares during the period. 79.49% of the stock is currently owned by institutional investors and hedge funds.
Shares of Northern Trust Co. (NTRS) traded down $2.06 during midday trading on Wednesday, reaching $106.49. 1,012,283 shares of the company were exchanged, compared to its average volume of 1,240,974. Northern Trust Co. has a one year low of $83.17 and a one year high of $110.81. The stock has a market cap of $24,703.46, a PE ratio of 21.64, a P/E/G ratio of 1.44 and a beta of 0.95. 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 (NASDAQ:NTRS) last issued its earnings results on Wednesday, January 24th. The asset manager reported $1.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.30 by $0.05. The business had revenue of $1.44 billion during 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%. The business’s revenue for the quarter was up 15.6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.11 earnings per share. research analysts anticipate that Northern Trust Co. will post 6.1 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Sunday, April 1st. Shareholders of record on Friday, March 9th will be issued a $0.42 dividend. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $1.68 annualized dividend and a yield of 1.58%. Northern Trust’s dividend payout ratio (DPR) is presently 34.15%.
Several research firms have recently commented on NTRS. Zacks Investment Research cut shares of Northern Trust from a “buy” rating to a “hold” rating in a research report on Tuesday. BidaskClub raised shares of Northern Trust from a “sell” rating to a “hold” rating in a research report on Friday, February 23rd. Morgan Stanley raised their target price on shares of Northern Trust from $104.00 to $110.00 and gave the stock an “underweight” rating in a research report on Friday, February 2nd. Sandler O’Neill reaffirmed a “hold” rating on shares of Northern Trust in a research report on Thursday, January 25th. Finally, Bank of America lifted their price target on shares of Northern Trust from $112.00 to $116.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the stock. Northern Trust presently has a consensus rating of “Hold” and an average target price of $104.81.
In other Northern Trust news, insider Jeffrey D. Cohodes sold 30,917 shares of Northern Trust stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $105.29, for a total value of $3,255,250.93. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jeffrey D. Cohodes sold 11,982 shares of Northern Trust stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $98.75, for a total transaction of $1,183,222.50. Following the completion of the transaction, the insider now directly owns 37,936 shares of the company’s stock, valued at $3,746,180. The disclosure for this sale can be found here. Insiders sold 189,457 shares of company stock valued at $20,188,250 over the last ninety days. Corporate insiders own 1.04% of the company’s stock.
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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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