Strs Ohio Decreases Holdings in Northern Trust Corporation $NTRS

Strs Ohio decreased its holdings in Northern Trust Corporation (NASDAQ:NTRS) by 24.4% in the third quarter, Holdings Channel.com reports. The firm owned 74,545 shares of the asset manager’s stock after selling 24,021 shares during the period. Strs Ohio’s holdings in Northern Trust were worth $10,034,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Empowered Funds LLC grew its stake in shares of Northern Trust by 13.3% during the first quarter. Empowered Funds LLC now owns 20,112 shares of the asset manager’s stock valued at $1,984,000 after buying an additional 2,363 shares during the last quarter. Woodline Partners LP boosted its holdings in Northern Trust by 39.1% during the 1st quarter. Woodline Partners LP now owns 16,557 shares of the asset manager’s stock valued at $1,633,000 after acquiring an additional 4,653 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in Northern Trust by 0.6% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 17,814 shares of the asset manager’s stock worth $2,346,000 after acquiring an additional 105 shares during the last quarter. Park Avenue Securities LLC increased its stake in Northern Trust by 102.4% in the 2nd quarter. Park Avenue Securities LLC now owns 4,579 shares of the asset manager’s stock worth $581,000 after purchasing an additional 2,317 shares during the period. Finally, Fifth Third Bancorp lifted its position in Northern Trust by 2.4% in the second quarter. Fifth Third Bancorp now owns 11,133 shares of the asset manager’s stock valued at $1,412,000 after purchasing an additional 257 shares during the last quarter. Institutional investors own 83.19% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on NTRS shares. BMO Capital Markets initiated coverage on shares of Northern Trust in a report on Friday, October 3rd. They issued a “market perform” rating and a $142.00 target price on the stock. TD Cowen reissued a “buy” rating on shares of Northern Trust in a report on Wednesday, January 7th. The Goldman Sachs Group restated a “sell” rating and issued a $130.00 price objective on shares of Northern Trust in a research report on Tuesday, January 6th. Citigroup increased their target price on shares of Northern Trust from $135.00 to $143.00 and gave the stock a “neutral” rating in a report on Tuesday, December 30th. Finally, Barclays raised their target price on Northern Trust from $136.00 to $160.00 and gave the stock an “equal weight” rating in a research note on Monday, January 5th. Four equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $142.46.

Northern Trust Trading Down 2.9%

Shares of NTRS opened at $148.63 on Monday. Northern Trust Corporation has a 1-year low of $81.62 and a 1-year high of $157.60. The company has a current ratio of 0.69, a quick ratio of 0.70 and a debt-to-equity ratio of 0.57. The firm’s 50-day moving average price is $137.87 and its 200-day moving average price is $131.90. The firm has a market capitalization of $28.11 billion, a price-to-earnings ratio of 17.01, a PEG ratio of 1.21 and a beta of 1.27.

Northern Trust (NASDAQ:NTRS) last released its quarterly earnings results on Friday, January 30th. The asset manager reported $2.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.37 by $0.05. The company had revenue of $3.15 billion during the quarter. Northern Trust had a net margin of 12.15% and a return on equity of 14.87%. Northern Trust’s quarterly revenue was up 8.4% on a year-over-year basis. During the same period in the previous year, the company earned $2.26 earnings per share. Sell-side analysts anticipate that Northern Trust Corporation will post 8.27 EPS for the current year.

Northern Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Friday, March 6th will be paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Friday, March 6th. Northern Trust’s dividend payout ratio (DPR) is presently 36.61%.

Insider Activity at Northern Trust

In other news, insider John Landers sold 766 shares of the business’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of $124.35, for a total transaction of $95,252.10. Following the sale, the insider owned 7,313 shares in the company, valued at approximately $909,371.55. The trade was a 9.48% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Susan Cohen Levy sold 27,591 shares of the company’s stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $128.13, for a total transaction of $3,535,234.83. Following the completion of the sale, the executive vice president directly owned 48,257 shares in the company, valued at $6,183,169.41. This represents a 36.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.77% of the stock is currently owned by corporate insiders.

Key Stories Impacting Northern Trust

Here are the key news stories impacting Northern Trust this week:

• Positive Sentiment: Q4 results topped estimates — Northern Trust reported stronger-than-expected quarterly results with year-over-year net interest income and asset growth helping revenue and EPS beat consensus, a core bullish catalyst for the stock. Q4 Beat: Zacks
• Positive Sentiment: Management highlighted record NII and raised targets on the earnings call — the company pointed to higher net interest income and stronger fee/servicing trends on the call, which prompted some analysts to lift forecasts. Earnings Call Summary: TipRanks
• Positive Sentiment: RBC raised its price target to $159 and moved to an outperform view — a bullish analyst action that signals upside expectations following the quarter. RBC Raise: The Fly
• Positive Sentiment: Board approved/announced quarterly dividend — Northern Trust declared a quarterly dividend of $0.80 (record March 6), supporting income-oriented investor interest.
• Neutral Sentiment: Several firms nudged up targets but kept neutral/in-line ratings (Evercore to $155 in-line; Wells Fargo to $150 equal weight) — these moves recognize better results but stop short of a strong buy endorsement. Evercore: TickerReport Wells Fargo: TickerReport
• Negative Sentiment: Morgan Stanley raised its target to $140 but kept an “underweight” rating — the firm’s stance signals limited confidence in near-term upside and likely contributed to selling pressure. MS PT Change: Benzinga
• Negative Sentiment: Costs and valuation concerns persist — several write-ups note elevated expenses are trimming margin expansion and that valuation may be rich after the run, which can temper enthusiasm despite the beat. Valuation Concerns: Seeking Alpha

Northern Trust Profile

Northern Trust Corporation (NASDAQ: NTRS) is a global financial services firm headquartered in Chicago that provides asset servicing, asset management and wealth management solutions to institutions, corporations and high-net-worth individuals. The company’s core businesses include custody and fund administration, investment operations outsourcing, trust and fiduciary services, private banking, and retirement and defined contribution plan services.

Northern Trust’s product and service offerings span custody and fund accounting, portfolio and performance analytics, securities lending, cash management and foreign exchange, as well as discretionary and non-discretionary investment management.