Quadrant Capital Group LLC Has $207,000 Stock Position in Northern Trust Co. (NASDAQ:NTRS)

Quadrant Capital Group LLC raised its position in Northern Trust Co. (NASDAQ:NTRS – Get Rating) by 7.9% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 1,778 shares of the asset manager’s stock after acquiring an additional 130 shares during the period. Quadrant Capital Group LLC’s holdings in Northern Trust were worth $207,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Delos Wealth Advisors LLC acquired a new stake in shares of Northern Trust in the 4th quarter worth about $25,000. Covestor Ltd bought a new stake in Northern Trust during the 4th quarter worth approximately $36,000. Atwood & Palmer Inc. increased its holdings in Northern Trust by 34.5% during the 1st quarter. Atwood & Palmer Inc. now owns 390 shares of the asset manager’s stock worth $46,000 after purchasing an additional 100 shares in the last quarter. Allegheny Financial Group LTD purchased a new stake in shares of Northern Trust in the fourth quarter worth approximately $50,000. Finally, Denali Advisors LLC lifted its holdings in shares of Northern Trust by 66.7% in the first quarter. Denali Advisors LLC now owns 500 shares of the asset manager’s stock valued at $58,000 after purchasing an additional 200 shares in the last quarter. Institutional investors own 81.35% of the company’s stock.

Northern Trust Trading Up 0.0 %

Shares of NTRS opened at $99.86 on Friday. Northern Trust Co. has a fifty-two week low of $89.68 and a fifty-two week high of $135.15. The business has a 50-day moving average of $99.24 and a 200 day moving average of $108.13. The firm has a market cap of $20.81 billion, a P/E ratio of 13.60 and a beta of 1.12. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.65 and a current ratio of 0.65.

Northern Trust (NASDAQ:NTRS – Get Rating) last posted its earnings results on Wednesday, July 20th. The asset manager reported $1.86 earnings per share for the quarter, missing the consensus estimate of $1.93 by ($0.07). The business had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.77 billion. Northern Trust had a return on equity of 14.82% and a net margin of 23.13%. Northern Trust’s revenue for the quarter was up 11.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.72 EPS. As a group, research analysts forecast that Northern Trust Co. will post 7.45 EPS for the current year.

Northern Trust Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, October 1st. Stockholders of record on Friday, September 9th will be issued a $0.75 dividend. This is a positive change from Northern Trust’s previous quarterly dividend of $0.70. This represents a $3.00 dividend on an annualized basis and a dividend yield of 3.00%. The ex-dividend date is Thursday, September 8th. Northern Trust’s dividend payout ratio (DPR) is presently 38.15%.

Wall Street Analyst Weigh In

NTRS has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft lowered their price target on Northern Trust from $113.00 to $112.00 and set a “buy” rating for the company in a research report on Wednesday, July 13th. Morgan Stanley raised their price target on shares of Northern Trust from $110.00 to $115.00 and gave the company an “equal weight” rating in a research report on Thursday, July 21st. Citigroup reduced their price objective on shares of Northern Trust from $125.00 to $100.00 in a research report on Tuesday, July 12th. JPMorgan Chase & Co. dropped their target price on shares of Northern Trust from $115.00 to $107.50 in a research report on Monday, July 11th. Finally, Barclays reduced their target price on Northern Trust from $140.00 to $120.00 and set an “equal weight” rating for the company in a report on Thursday, July 21st. One research analyst has rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $119.35.

About Northern Trust

(Get Rating)

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.