Robeco Institutional Asset Management B.V. Sells 194,150 Shares of Northern Trust Corporation $NTRS

Robeco Institutional Asset Management B.V. decreased its position in Northern Trust Corporation (NASDAQ:NTRS) by 23.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 622,136 shares of the asset manager’s stock after selling 194,150 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Northern Trust were worth $78,881,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of NTRS. Bank of New York Mellon Corp raised its position in shares of Northern Trust by 47.8% in the first quarter. Bank of New York Mellon Corp now owns 1,810,816 shares of the asset manager’s stock valued at $178,637,000 after purchasing an additional 585,992 shares during the period. Invesco Ltd. raised its position in shares of Northern Trust by 19.3% in the first quarter. Invesco Ltd. now owns 3,443,599 shares of the asset manager’s stock valued at $339,711,000 after purchasing an additional 558,287 shares during the period. RNC Capital Management LLC bought a new position in shares of Northern Trust in the first quarter valued at approximately $41,905,000. Nuveen LLC bought a new position in shares of Northern Trust in the first quarter valued at approximately $41,834,000. Finally, Allianz Asset Management GmbH raised its position in shares of Northern Trust by 529.4% in the first quarter. Allianz Asset Management GmbH now owns 461,383 shares of the asset manager’s stock valued at $45,515,000 after purchasing an additional 388,081 shares during the period. Institutional investors own 83.19% of the company’s stock.

Insider Activity at Northern Trust

In other news, Director Robert Edward Jr. Moritz bought 256 shares of Northern Trust stock in a transaction dated Wednesday, August 13th. The shares were bought at an average price of $126.34 per share, for a total transaction of $32,343.04. Following the purchase, the director owned 2,525 shares of the company’s stock, valued at approximately $319,008.50. This trade represents a 11.28% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.77% of the company’s stock.

Northern Trust Trading Up 1.6%

Shares of Northern Trust stock opened at $133.24 on Friday. The firm has a market capitalization of $25.48 billion, a PE ratio of 15.66, a price-to-earnings-growth ratio of 1.56 and a beta of 1.31. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.72 and a quick ratio of 0.72. The company’s fifty day moving average price is $129.41 and its two-hundred day moving average price is $114.35. Northern Trust Corporation has a 52-week low of $81.62 and a 52-week high of $135.48.

Northern Trust (NASDAQ:NTRS) last announced its quarterly earnings results on Wednesday, July 23rd. The asset manager reported $2.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.08 by $0.05. The firm had revenue of $2 billion for the quarter, compared to analyst estimates of $1.96 billion. Northern Trust had a net margin of 11.75% and a return on equity of 14.06%. The business’s revenue for the quarter was down 26.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.34 EPS. On average, analysts expect that Northern Trust Corporation will post 8.27 EPS for the current year.

Northern Trust Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Friday, September 5th were paid a $0.80 dividend. The ex-dividend date was Friday, September 5th. This represents a $3.20 annualized dividend and a dividend yield of 2.4%. This is a boost from Northern Trust’s previous quarterly dividend of $0.75. Northern Trust’s dividend payout ratio is presently 37.60%.

Wall Street Analyst Weigh In

NTRS has been the topic of several research analyst reports. Wolfe Research upgraded shares of Northern Trust from an “underperform” rating to a “peer perform” rating in a research note on Thursday, July 24th. The Goldman Sachs Group set a $135.00 price objective on shares of Northern Trust in a research note on Tuesday. Evercore ISI raised their price objective on shares of Northern Trust from $125.00 to $135.00 and gave the stock an “in-line” rating in a research note on Tuesday. Royal Bank Of Canada set a $123.00 price objective on shares of Northern Trust and gave the stock an “outperform” rating in a research note on Monday, June 30th. Finally, Barclays raised their price objective on shares of Northern Trust from $128.00 to $136.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 24th. Three equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $126.50.

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, Asset Servicing and Wealth Management. The Asset Servicing segment offers asset servicing and related services, including custody, fund administration, investment operations outsourcing, investment management, investment risk and analytical services, employee benefit services, securities lending, foreign exchange, treasury management, brokerage services, transition management services, banking, and cash management services.