Gotham Asset Management LLC trimmed its position in Northern Trust Corporation (NASDAQ:NTRS) by 5.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,850 shares of the asset manager’s stock after selling 176 shares during the quarter. Gotham Asset Management LLC’s holdings in Northern Trust Corporation were worth $277,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in NTRS. OppenheimerFunds Inc. raised its holdings in shares of Northern Trust Corporation by 14.3% in the 1st quarter. OppenheimerFunds Inc. now owns 8,609 shares of the asset manager’s stock worth $745,000 after purchasing an additional 1,080 shares during the period. Teachers Advisors LLC raised its holdings in shares of Northern Trust Corporation by 25.0% in the 1st quarter. Teachers Advisors LLC now owns 681,437 shares of the asset manager’s stock worth $58,999,000 after purchasing an additional 136,130 shares during the period. Thrivent Financial For Lutherans raised its holdings in shares of Northern Trust Corporation by 6.5% in the 1st quarter. Thrivent Financial For Lutherans now owns 7,900 shares of the asset manager’s stock worth $684,000 after purchasing an additional 480 shares during the period. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Northern Trust Corporation by 20.8% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 3,714 shares of the asset manager’s stock worth $322,000 after purchasing an additional 639 shares during the period. Finally, Morgan Stanley raised its holdings in shares of Northern Trust Corporation by 10.2% in the 1st quarter. Morgan Stanley now owns 342,408 shares of the asset manager’s stock worth $29,647,000 after purchasing an additional 31,792 shares during the period. Institutional investors own 81.89% of the company’s stock.

In other news, Chairman Frederick H. Waddell sold 177,964 shares of Northern Trust Corporation stock in a transaction dated Wednesday, October 18th. The stock was sold at an average price of $95.64, for a total value of $17,020,476.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Clair Joyce St sold 13,814 shares of Northern Trust Corporation stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $89.32, for a total value of $1,233,866.48. The disclosure for this sale can be found here. Insiders sold 340,324 shares of company stock worth $31,864,839 over the last quarter. 1.27% of the stock is currently owned by corporate insiders.

Shares of Northern Trust Corporation (NTRS) opened at 95.27 on Monday. The firm has a market cap of $21.77 billion, a price-to-earnings ratio of 21.63 and a beta of 0.93. Northern Trust Corporation has a 52 week low of $69.92 and a 52 week high of $99.30. The firm’s 50-day moving average price is $90.90 and its 200-day moving average price is $90.48.

Northern Trust Corporation (NASDAQ:NTRS) last announced its quarterly earnings results on Wednesday, October 18th. The asset manager reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.08. The company had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.35 billion. Northern Trust Corporation had a return on equity of 12.33% and a net margin of 20.27%. The business’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.11 earnings per share. Equities research analysts expect that Northern Trust Corporation will post $4.70 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 1st. Stockholders of record on Friday, December 1st will be paid a $0.42 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.76%. Northern Trust Corporation’s payout ratio is presently 37.17%.

Northern Trust Corporation declared that its board has approved a share repurchase program on Wednesday, June 28th that allows the company to repurchase $750.00 million in outstanding shares. This repurchase authorization allows the asset manager to purchase up to 3.4% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

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A number of equities analysts have recently commented on the company. Buckingham Research restated a “neutral” rating and issued a $103.00 price objective (up from $93.00) on shares of Northern Trust Corporation in a report on Monday, July 10th. BidaskClub upgraded Northern Trust Corporation from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 5th. Zacks Investment Research upgraded Northern Trust Corporation from a “hold” rating to a “buy” rating and set a $110.00 price objective on the stock in a report on Wednesday, July 12th. Morgan Stanley restated an “underweight” rating and issued a $86.00 price objective (up from $80.00) on shares of Northern Trust Corporation in a report on Friday, July 7th. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $97.00 price objective on shares of Northern Trust Corporation in a report on Thursday, June 29th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $97.07.

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 across the world. Its segments include Corporate & Institutional Services (C&IS), Wealth Management, and Treasury and Other.

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

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