Northern Trust Corporation $NTRS Shares Sold by Douglass Winthrop Advisors LLC

Douglass Winthrop Advisors LLC reduced its stake in Northern Trust Corporation (NASDAQ:NTRS) by 33.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,001 shares of the asset manager’s stock after selling 3,999 shares during the period. Douglass Winthrop Advisors LLC’s holdings in Northern Trust were worth $1,077,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Empowered Funds LLC lifted its position in shares of Northern Trust by 13.3% during the 1st quarter. Empowered Funds LLC now owns 20,112 shares of the asset manager’s stock worth $1,984,000 after buying an additional 2,363 shares during the last quarter. Woodline Partners LP grew its position in shares of Northern Trust by 39.1% in the 1st quarter. Woodline Partners LP now owns 16,557 shares of the asset manager’s stock valued at $1,633,000 after buying an additional 4,653 shares during the last quarter. Allworth Financial LP raised its stake in Northern Trust by 43.2% during the 2nd quarter. Allworth Financial LP now owns 1,051 shares of the asset manager’s stock worth $133,000 after acquiring an additional 317 shares in the last quarter. Ironwood Investment Counsel LLC acquired a new stake in Northern Trust during the 2nd quarter worth $204,000. Finally, National Pension Service lifted its position in Northern Trust by 0.7% in the second quarter. National Pension Service now owns 345,628 shares of the asset manager’s stock valued at $43,822,000 after acquiring an additional 2,234 shares during the last quarter. Institutional investors and hedge funds own 83.19% of the company’s stock.

Insider Buying and Selling

In related news, Director Richard Petrino bought 1,000 shares of the company’s stock in a transaction dated Thursday, February 5th. The shares were acquired at an average price of $148.91 per share, with a total value of $148,910.00. Following the completion of the acquisition, the director owned 3,332 shares in the company, valued at approximately $496,168.12. This trade represents a 42.88% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Guy Gibson sold 3,009 shares of the company’s stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $142.39, for a total value of $428,451.51. Following the sale, the insider owned 29,332 shares of the company’s stock, valued at $4,176,583.48. This trade represents a 9.30% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 34,905 shares of company stock worth $5,166,714. 0.77% of the stock is currently owned by insiders.

Northern Trust Trading Down 2.6%

NASDAQ NTRS opened at $137.30 on Friday. The firm’s fifty day moving average is $145.71 and its two-hundred day moving average is $136.26. Northern Trust Corporation has a one year low of $81.62 and a one year high of $157.60. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.69 and a current ratio of 0.69. The firm has a market cap of $25.51 billion, a PE ratio of 15.71, a P/E/G ratio of 1.12 and a beta of 1.27.

Northern Trust (NASDAQ:NTRS) last announced its earnings results on Friday, January 30th. The asset manager reported $2.42 earnings per share for the quarter, topping the consensus estimate of $2.37 by $0.05. Northern Trust had a net margin of 12.15% and a return on equity of 14.87%. The business had revenue of $3.15 billion during the quarter. During the same quarter last year, the company posted $2.26 EPS. Northern Trust’s quarterly revenue was up 8.4% on a year-over-year basis. Analysts expect that Northern Trust Corporation will post 8.27 earnings per share for the current year.

Northern Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Friday, March 6th will be given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Friday, March 6th. Northern Trust’s dividend payout ratio (DPR) is presently 36.61%.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Northern Trust in a report on Thursday, January 22nd. Wall Street Zen raised Northern Trust from a “sell” rating to a “hold” rating in a report on Saturday, December 27th. Royal Bank Of Canada upped their target price on Northern Trust from $139.00 to $159.00 and gave the company an “outperform” rating in a research report on Friday, January 23rd. Morgan Stanley raised their price target on Northern Trust from $131.00 to $140.00 and gave the stock an “underweight” rating in a research note on Friday, January 23rd. Finally, Evercore lifted their price target on Northern Trust from $142.00 to $155.00 and gave the stock an “in-line” rating in a research report on Friday, January 23rd. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, seven have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $148.75.

About Northern Trust

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.