Marble Harbor Investment Counsel LLC lifted its holdings in shares of Northern Trust Corporation (NASDAQ:NTRS) by 0.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 111,300 shares of the asset manager’s stock after buying an additional 750 shares during the period. Northern Trust Corporation makes up approximately 2.1% of Marble Harbor Investment Counsel LLC’s holdings, making the stock its 18th largest position. Marble Harbor Investment Counsel LLC’s holdings in Northern Trust Corporation were worth $10,232,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Salem Investment Counselors Inc. boosted its stake in shares of Northern Trust Corporation by 8.3% during the second quarter. Salem Investment Counselors Inc. now owns 1,083 shares of the asset manager’s stock worth $105,000 after buying an additional 83 shares during the period. Huntington National Bank boosted its stake in shares of Northern Trust Corporation by 54.0% during the second quarter. Huntington National Bank now owns 1,089 shares of the asset manager’s stock worth $106,000 after buying an additional 382 shares during the period. Dupont Capital Management Corp acquired a new stake in shares of Northern Trust Corporation during the second quarter worth about $107,000. MPS Loria Financial Planners LLC acquired a new stake in shares of Northern Trust Corporation during the second quarter worth about $134,000. Finally, Bessemer Group Inc. boosted its stake in shares of Northern Trust Corporation by 16.9% during the second quarter. Bessemer Group Inc. now owns 1,461 shares of the asset manager’s stock worth $143,000 after buying an additional 211 shares during the period. Institutional investors and hedge funds own 82.00% of the company’s stock.

Shares of Northern Trust Corporation (NASDAQ NTRS) traded up $0.64 during trading on Thursday, reaching $93.28. 1,001,900 shares of the company’s stock were exchanged, compared to its average volume of 1,157,142. Northern Trust Corporation has a 12 month low of $80.49 and a 12 month high of $99.30. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.71 and a current ratio of 0.71. The stock has a market capitalization of $21,068.29, a PE ratio of 20.23, a PEG ratio of 2.05 and a beta of 0.96.

Northern Trust Corporation (NASDAQ:NTRS) last issued its earnings results on Wednesday, October 18th. The asset manager reported $1.20 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.12 by $0.08. Northern Trust Corporation had a net margin of 20.27% and a return on equity of 12.33%. The company had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.35 billion. During the same period last year, the company posted $1.11 earnings per share. The firm’s quarterly revenue was up 11.2% compared to the same quarter last year. research analysts predict that Northern Trust Corporation will post 4.68 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, January 1st. Shareholders of record on Friday, December 1st will be issued 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 yield of 1.80%. Northern Trust Corporation’s dividend payout ratio (DPR) is presently 37.17%.

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Several research firms recently issued reports on NTRS. Wells Fargo & Company began coverage on shares of Northern Trust Corporation in a report on Wednesday, August 9th. They set a “market perform” rating and a $90.00 price target for the company. BidaskClub cut shares of Northern Trust Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. UBS AG increased their price target on shares of Northern Trust Corporation from $100.00 to $109.00 and gave the stock a “buy” rating in a report on Thursday, October 19th. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and set a $86.00 price target (down from $91.00) on shares of Northern Trust Corporation in a report on Saturday, July 22nd. Finally, Zacks Investment Research cut shares of Northern Trust Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, August 22nd. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Northern Trust Corporation has an average rating of “Hold” and a consensus target price of $97.07.

In other news, insider Clair Joyce St sold 13,814 shares of the stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $89.32, for a total value of $1,233,866.48. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Vice Chairman William L. Morrison sold 11,058 shares of the stock in a transaction that occurred on Wednesday, October 25th. The shares were sold at an average price of $94.34, for a total transaction of $1,043,211.72. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 338,082 shares of company stock valued at $31,732,330. 1.27% of the stock is currently owned by corporate insiders.

About Northern Trust Corporation

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.

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

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