Hall Laurie J Trustee reduced its holdings in shares of Northern Trust Co. (NASDAQ:NTRS) by 15.0% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 875 shares of the asset manager’s stock after selling 155 shares during the period. Hall Laurie J Trustee’s holdings in Northern Trust were worth $79,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of NTRS. Kaizen Advisory LLC boosted its holdings in shares of Northern Trust by 20.3% in the fourth quarter. Kaizen Advisory LLC now owns 645 shares of the asset manager’s stock valued at $54,000 after acquiring an additional 109 shares in the last quarter. Shine Investment Advisory Services Inc. boosted its holdings in shares of Northern Trust by 24.5% in the first quarter. Shine Investment Advisory Services Inc. now owns 574 shares of the asset manager’s stock valued at $52,000 after acquiring an additional 113 shares in the last quarter. LS Investment Advisors LLC boosted its holdings in shares of Northern Trust by 2.3% in the fourth quarter. LS Investment Advisors LLC now owns 5,974 shares of the asset manager’s stock valued at $499,000 after acquiring an additional 132 shares in the last quarter. Simmons Bank boosted its holdings in shares of Northern Trust by 1.1% in the fourth quarter. Simmons Bank now owns 12,616 shares of the asset manager’s stock valued at $1,055,000 after acquiring an additional 134 shares in the last quarter. Finally, Advisor Group Inc. boosted its holdings in shares of Northern Trust by 3.6% in the fourth quarter. Advisor Group Inc. now owns 4,021 shares of the asset manager’s stock valued at $336,000 after acquiring an additional 139 shares in the last quarter. 78.96% of the stock is currently owned by institutional investors.

Shares of NASDAQ NTRS opened at $98.80 on Tuesday. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.35. Northern Trust Co. has a 52 week low of $75.96 and a 52 week high of $115.61. The stock has a market capitalization of $21.65 billion, a P/E ratio of 14.68, a P/E/G ratio of 1.50 and a beta of 1.08.

Northern Trust (NASDAQ:NTRS) last announced its quarterly earnings data on Tuesday, April 23rd. The asset manager reported $1.48 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.46 by $0.02. Northern Trust had a net margin of 22.44% and a return on equity of 16.03%. The firm had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.47 billion. During the same quarter last year, the business earned $1.58 earnings per share. The business’s revenue for the quarter was up .3% compared to the same quarter last year. As a group, research analysts anticipate that Northern Trust Co. will post 6.79 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 14th will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.43%. The ex-dividend date is Thursday, June 13th. Northern Trust’s dividend payout ratio (DPR) is 35.66%.

In related news, insider Teresa Parker sold 3,000 shares of the firm’s stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $97.50, for a total value of $292,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.15% of the stock is owned by company insiders.

Several brokerages have recently weighed in on NTRS. Raymond James downgraded shares of Northern Trust from a “strong-buy” rating to a “market perform” rating and set a $89.93 target price on the stock. in a report on Thursday, January 24th. BidaskClub raised shares of Northern Trust from a “sell” rating to a “hold” rating in a report on Friday, April 5th. ValuEngine downgraded shares of Northern Trust from a “hold” rating to a “sell” rating in a report on Monday, February 25th. Vining Sparks reaffirmed a “buy” rating and issued a $120.00 target price on shares of Northern Trust in a report on Wednesday, January 23rd. Finally, Morgan Stanley lowered their target price on shares of Northern Trust from $109.00 to $96.00 and set an “underweight” rating on the stock in a report on Tuesday, January 8th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $110.45.

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Northern Trust Company Profile

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.

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

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