BNP Paribas Financial Markets Has $37.62 Million Stake in Northern Trust Corporation $NTRS

BNP Paribas Financial Markets decreased its position in shares of Northern Trust Corporation (NASDAQ:NTRS) by 15.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 275,439 shares of the asset manager’s stock after selling 49,386 shares during the period. BNP Paribas Financial Markets’ holdings in Northern Trust were worth $37,622,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. New Age Alpha Advisors LLC lifted its position in Northern Trust by 4.9% during the 3rd quarter. New Age Alpha Advisors LLC now owns 1,659 shares of the asset manager’s stock worth $223,000 after acquiring an additional 78 shares during the last quarter. Compound Planning Inc. increased its holdings in shares of Northern Trust by 5.1% during the 3rd quarter. Compound Planning Inc. now owns 1,666 shares of the asset manager’s stock worth $224,000 after purchasing an additional 81 shares during the period. Apollon Wealth Management LLC increased its holdings in shares of Northern Trust by 1.9% during the 4th quarter. Apollon Wealth Management LLC now owns 4,379 shares of the asset manager’s stock worth $598,000 after purchasing an additional 81 shares during the period. NorthRock Partners LLC increased its holdings in shares of Northern Trust by 2.2% during the 3rd quarter. NorthRock Partners LLC now owns 3,812 shares of the asset manager’s stock worth $513,000 after purchasing an additional 83 shares during the period. Finally, HighPoint Advisor Group LLC increased its holdings in shares of Northern Trust by 2.3% during the 3rd quarter. HighPoint Advisor Group LLC now owns 3,717 shares of the asset manager’s stock worth $500,000 after purchasing an additional 84 shares during the period. Institutional investors and hedge funds own 83.19% of the company’s stock.

Northern Trust Stock Performance

NASDAQ NTRS opened at $168.45 on Thursday. The stock has a market cap of $31.17 billion, a P/E ratio of 17.64, a PEG ratio of 1.22 and a beta of 1.25. The company’s 50-day simple moving average is $158.26 and its 200 day simple moving average is $146.82. Northern Trust Corporation has a twelve month low of $105.43 and a twelve month high of $173.18. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.51.

Northern Trust (NASDAQ:NTRS) last posted its earnings results on Tuesday, April 21st. The asset manager reported $2.71 earnings per share for the quarter, beating analysts’ consensus estimates of $2.37 by $0.34. The business had revenue of $2.21 billion for the quarter, compared to analysts’ expectations of $2.13 billion. Northern Trust had a net margin of 12.84% and a return on equity of 15.94%. The firm’s revenue for the quarter was up 13.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.90 earnings per share. As a group, research analysts forecast that Northern Trust Corporation will post 10.68 earnings per share for the current fiscal year.

Northern Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Friday, June 5th will be paid a $0.80 dividend. The ex-dividend date of this dividend is Friday, June 5th. This represents a $3.20 dividend on an annualized basis and a yield of 1.9%. Northern Trust’s payout ratio is presently 33.51%.

Analysts Set New Price Targets

Several research firms have recently issued reports on NTRS. The Goldman Sachs Group boosted their price objective on shares of Northern Trust from $151.00 to $169.00 and gave the stock a “neutral” rating in a report on Wednesday, April 22nd. JPMorgan Chase & Co. boosted their price objective on shares of Northern Trust from $153.50 to $170.00 and gave the stock a “neutral” rating in a report on Monday, May 11th. Barclays boosted their price objective on shares of Northern Trust from $160.00 to $176.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 22nd. Royal Bank Of Canada boosted their price objective on shares of Northern Trust from $159.00 to $178.00 and gave the stock an “outperform” rating in a report on Wednesday, April 22nd. Finally, Zacks Research upgraded shares of Northern Trust from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 12th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $164.08.

Insider Activity at Northern Trust

In related news, insider Clive Bellows sold 2,800 shares of the company’s stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $165.02, for a total value of $462,056.00. Following the sale, the insider owned 28,217 shares of the company’s stock, valued at $4,656,369.34. The trade was a 9.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Robert Edward Jr. Moritz bought 225 shares of the stock in a transaction that occurred on Friday, May 1st. The stock was acquired at an average cost of $166.41 per share, for a total transaction of $37,442.25. Following the purchase, the director owned 8,145 shares of the company’s stock, valued at $1,355,409.45. This trade represents a 2.84% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have sold a total of 22,800 shares of company stock valued at $3,785,251 over the last quarter. 0.66% of the stock is owned by company insiders.

Northern Trust Company 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.