Northern Trust Corporation (NTRS) Shares Sold by Bronfman E.L. Rothschild L.P.
Bronfman E.L. Rothschild L.P. cut its holdings in shares of Northern Trust Corporation (NASDAQ:NTRS) by 44.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,579 shares of the asset manager’s stock after selling 2,834 shares during the period. Bronfman E.L. Rothschild L.P.’s holdings in Northern Trust Corporation were worth $329,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Northern Trust Corporation by 2.6% during the second quarter. Vanguard Group Inc. now owns 14,255,623 shares of the asset manager’s stock valued at $1,385,789,000 after buying an additional 363,691 shares during the period. BlackRock Inc. grew its stake in Northern Trust Corporation by 0.3% in the second quarter. BlackRock Inc. now owns 13,318,550 shares of the asset manager’s stock worth $1,294,697,000 after purchasing an additional 38,780 shares during the period. Northern Trust Corp grew its stake in Northern Trust Corporation by 1.5% in the second quarter. Northern Trust Corp now owns 12,414,424 shares of the asset manager’s stock worth $1,206,806,000 after purchasing an additional 184,112 shares during the period. Burgundy Asset Management Ltd. grew its stake in Northern Trust Corporation by 1.4% in the second quarter. Burgundy Asset Management Ltd. now owns 2,373,551 shares of the asset manager’s stock worth $230,733,000 after purchasing an additional 32,849 shares during the period. Finally, Ameriprise Financial Inc. grew its stake in Northern Trust Corporation by 2.8% in the second quarter. Ameriprise Financial Inc. now owns 2,078,796 shares of the asset manager’s stock worth $202,200,000 after purchasing an additional 56,465 shares during the period. 80.08% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts recently weighed in on the company. UBS AG upped their price target on Northern Trust Corporation from $100.00 to $109.00 and gave the stock a “buy” rating in a research note on Thursday, October 19th. Buckingham Research upped their price target on Northern Trust Corporation from $95.00 to $97.00 and gave the stock a “neutral” rating in a research note on Thursday, October 19th. Morgan Stanley upped their price target on Northern Trust Corporation from $83.00 to $91.00 and gave the stock an “underweight” rating in a research note on Thursday, October 19th. Bank of America Corporation set a $102.00 price target on Northern Trust Corporation and gave the stock a “buy” rating in a research note on Thursday, October 19th. Finally, Citigroup Inc. reaffirmed a “neutral” rating and issued a $92.00 price target (up from $90.00) on shares of Northern Trust Corporation in a research note on Monday, October 9th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $97.07.
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Shares of Northern Trust Corporation (NTRS) opened at $94.39 on Friday. Northern Trust Corporation has a 12 month low of $80.49 and a 12 month high of $99.30. The company has a market capitalization of $21,466.28, a price-to-earnings ratio of 20.61, a PEG ratio of 2.08 and a beta of 0.96. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.37.
Northern Trust Corporation (NASDAQ:NTRS) last released its earnings results on Wednesday, October 18th. The asset manager reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.08. Northern Trust Corporation had a return on equity of 12.33% and a net margin of 20.27%. The firm had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.35 billion. During the same period in the prior year, the firm posted $1.11 earnings per share. The company’s quarterly revenue was up 11.2% on a year-over-year basis. equities research analysts anticipate that Northern Trust Corporation will post 4.68 EPS for the current year.
The business also recently announced 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 is Thursday, November 30th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.78%. Northern Trust Corporation’s dividend payout ratio is currently 37.17%.
In other news, Vice Chairman William L. Morrison sold 11,058 shares of the stock in a transaction on Wednesday, October 25th. The stock was sold at an average price of $94.34, for a total value of $1,043,211.72. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Frederick H. Waddell sold 177,964 shares of the stock in a transaction on Wednesday, October 18th. The stock was sold at an average price of $95.64, for a total value of $17,020,476.96. The disclosure for this sale can be found here. Over the last three months, insiders sold 324,268 shares of company stock worth $30,498,464. Insiders own 1.27% of the company’s stock.
Northern Trust Corporation 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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