Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Northern Trust Corporation (NASDAQ:NTRS) by 451.7% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 122,227 shares of the company’s stock after buying an additional 100,073 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned 0.05% of Northern Trust Corporation worth $8,310,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. Financial Architects Inc raised its position in shares of Northern Trust Corporation by 5,936.0% in the second quarter. Financial Architects Inc now owns 1,509 shares of the company’s stock valued at $100,000 after buying an additional 1,484 shares during the last quarter. Advisors Asset Management Inc. raised its position in shares of Northern Trust Corporation by 71.7% in the third quarter. Advisors Asset Management Inc. now owns 1,717 shares of the company’s stock valued at $117,000 after buying an additional 717 shares during the last quarter. Investment Counselors of Maryland LLC raised its position in shares of Northern Trust Corporation by 11.9% in the third quarter. Investment Counselors of Maryland LLC now owns 1,782 shares of the company’s stock valued at $121,000 after buying an additional 190 shares during the last quarter. Cornerstone Advisors Inc. raised its position in shares of Northern Trust Corporation by 1,653.2% in the third quarter. Cornerstone Advisors Inc. now owns 2,174 shares of the company’s stock valued at $148,000 after buying an additional 2,050 shares during the last quarter. Finally, Alpha Windward LLC raised its position in shares of Northern Trust Corporation by 1.1% in the third quarter. Alpha Windward LLC now owns 2,208 shares of the company’s stock valued at $150,000 after buying an additional 25 shares during the last quarter. 79.63% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Northern Trust Corporation (NASDAQ:NTRS)

Northern Trust Corporation (NASDAQ:NTRS) traded up 1.34% during mid-day trading on Friday, reaching $90.99. The company’s stock had a trading volume of 79,203 shares. The stock’s 50 day moving average price is $87.07 and its 200 day moving average price is $73.72. Northern Trust Corporation has a 1-year low of $54.38 and a 1-year high of $91.14. The stock has a market capitalization of $20.60 billion, a P/E ratio of 21.68 and a beta of 1.06.

Northern Trust Corporation (NASDAQ:NTRS) last issued its quarterly earnings results on Wednesday, October 19th. The company reported $1.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.09 by $0.01. The business earned $1.22 billion during the quarter, compared to analyst estimates of $1.25 billion. Northern Trust Corporation had a net margin of 19.58% and a return on equity of 11.55%. The company’s revenue was up 5.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.96 earnings per share. Analysts expect that Northern Trust Corporation will post $4.29 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Sunday, January 1st. Shareholders of record on Friday, December 2nd were issued a $0.38 dividend. The ex-dividend date was Wednesday, November 30th. This represents a $1.52 annualized dividend and a yield of 1.69%. Northern Trust Corporation’s dividend payout ratio (DPR) is presently 36.45%.

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NTRS has been the subject of several analyst reports. Zacks Investment Research upgraded Northern Trust Corporation from a “hold” rating to a “buy” rating and set a $90.00 price objective for the company in a research report on Tuesday, November 29th. RBC Capital Markets reiterated a “buy” rating on shares of Northern Trust Corporation in a research report on Saturday, December 17th. Barclays PLC raised their price target on Northern Trust Corporation from $80.00 to $95.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 3rd. Finally, Jefferies Group restated a “hold” rating and set a $90.00 price target on shares of Northern Trust Corporation in a research report on Sunday, December 4th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $78.19.

In other news, CEO Frederick H. Waddell sold 38,939 shares of the company’s stock in a transaction on Tuesday, November 8th. The stock was sold at an average price of $74.13, for a total transaction of $2,886,548.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Vice Chairman William L. Morrison sold 98,239 shares of the company’s stock in a transaction on Monday, October 31st. The stock was sold at an average price of $72.57, for a total value of $7,129,204.23. The disclosure for this sale can be found here. 1.90% of the stock is owned by company insiders.

Northern Trust Corporation 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 around the world. The Company’s segments include Corporate & Institutional Services (C&IS), Wealth Management, and Treasury and Other.

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