AlphaCrest Capital Management LLC Acquires 3,018 Shares of Northern Trust Co. (NASDAQ:NTRS)

AlphaCrest Capital Management LLC lifted its holdings in shares of Northern Trust Co. (NASDAQ:NTRSGet Rating) by 18.4% in the second quarter, according to its most recent filing with the SEC. The firm owned 19,404 shares of the asset manager’s stock after acquiring an additional 3,018 shares during the period. AlphaCrest Capital Management LLC’s holdings in Northern Trust were worth $1,872,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NTRS. Steward Partners Investment Advisory LLC lifted its holdings in shares of Northern Trust by 27.8% during the 1st quarter. Steward Partners Investment Advisory LLC now owns 552 shares of the asset manager’s stock worth $64,000 after acquiring an additional 120 shares during the period. Mutual of America Capital Management LLC lifted its holdings in Northern Trust by 1.1% during the 1st quarter. Mutual of America Capital Management LLC now owns 27,726 shares of the asset manager’s stock valued at $3,229,000 after purchasing an additional 308 shares during the last quarter. Metis Global Partners LLC lifted its holdings in Northern Trust by 77.2% during the 1st quarter. Metis Global Partners LLC now owns 3,226 shares of the asset manager’s stock valued at $376,000 after purchasing an additional 1,405 shares during the last quarter. Versor Investments LP bought a new position in Northern Trust during the 1st quarter valued at about $579,000. Finally, Commonwealth Equity Services LLC lifted its holdings in Northern Trust by 14.7% during the 1st quarter. Commonwealth Equity Services LLC now owns 21,440 shares of the asset manager’s stock valued at $2,496,000 after purchasing an additional 2,749 shares during the last quarter. 83.59% of the stock is owned by institutional investors.

Northern Trust Trading Up 0.1 %

NTRS opened at $93.83 on Thursday. Northern Trust Co. has a fifty-two week low of $76.15 and a fifty-two week high of $135.15. The company has a market cap of $19.56 billion, a price-to-earnings ratio of 12.78 and a beta of 1.06. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.67 and a quick ratio of 0.67. The firm has a 50 day simple moving average of $87.34 and a 200 day simple moving average of $95.53.

Northern Trust (NASDAQ:NTRSGet Rating) last posted its quarterly earnings results on Wednesday, October 19th. The asset manager reported $1.80 earnings per share for the quarter, missing analysts’ consensus estimates of $1.84 by ($0.04). The company had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.76 billion. Northern Trust had a net margin of 21.84% and a return on equity of 15.12%. The business’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period last year, the company earned $1.80 EPS. On average, sell-side analysts anticipate that Northern Trust Co. will post 7.19 earnings per share for the current year.

Northern Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Sunday, January 1st. Stockholders of record on Friday, December 9th will be paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date is Thursday, December 8th. Northern Trust’s dividend payout ratio (DPR) is currently 40.87%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Barclays cut their price target on shares of Northern Trust from $120.00 to $105.00 and set an “equal weight” rating for the company in a report on Thursday, October 20th. Evercore ISI cut their price target on shares of Northern Trust to $85.00 in a report on Thursday, October 20th. The Goldman Sachs Group cut their price target on shares of Northern Trust from $114.00 to $101.00 and set a “buy” rating for the company in a report on Friday, September 30th. StockNews.com assumed coverage on shares of Northern Trust in a report on Wednesday, October 12th. They set a “hold” rating for the company. Finally, Morgan Stanley lowered their price objective on shares of Northern Trust from $108.00 to $94.00 and set an “equal weight” rating for the company in a research report on Thursday, October 20th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $104.79.

Northern Trust Profile

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Northern Trust Corporation, a financial holding company, provides wealth management, asset servicing, asset management, and banking solutions for corporations, institutions, families, and individuals worldwide. It operates in two segments, Corporate & Institutional Services (C&IS) and Wealth Management.

See Also

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

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