Segall Bryant & Hamill LLC Has $30.13 Million Position in Northern Trust Co. (NTRS)
Segall Bryant & Hamill LLC cut its stake in Northern Trust Co. (NASDAQ:NTRS) by 2.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 292,157 shares of the asset manager’s stock after selling 8,377 shares during the quarter. Segall Bryant & Hamill LLC owned about 0.13% of Northern Trust worth $30,130,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. Signaturefd LLC bought a new stake in Northern Trust in the first quarter worth $102,000. Whittier Trust Co. of Nevada Inc. bought a new stake in Northern Trust in the first quarter worth $103,000. Truewealth LLC bought a new stake in Northern Trust in the fourth quarter worth $110,000. Quantbot Technologies LP bought a new stake in Northern Trust in the first quarter worth $167,000. Finally, Bray Capital Advisors bought a new stake in Northern Trust in the first quarter worth $188,000. Institutional investors own 78.26% of the company’s stock.
A number of analysts recently issued reports on NTRS shares. Royal Bank of Canada restated a “buy” rating on shares of Northern Trust in a research report on Wednesday, April 18th. Goldman Sachs Group upgraded Northern Trust from a “neutral” rating to a “buy” rating and set a $121.00 price target for the company in a research report on Monday, April 2nd. Jefferies Financial Group restated a “buy” rating and issued a $122.00 price target on shares of Northern Trust in a research report on Friday, April 6th. BidaskClub upgraded Northern Trust from a “sell” rating to a “hold” rating in a research note on Friday, June 8th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $108.00 target price on shares of Northern Trust in a research note on Thursday, April 5th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $110.75.
Northern Trust (NASDAQ:NTRS) last announced its quarterly earnings results on Tuesday, April 17th. The asset manager reported $1.58 EPS for the quarter, beating the consensus estimate of $1.42 by $0.16. The firm had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.45 billion. Northern Trust had a return on equity of 13.88% and a net margin of 21.84%. The business’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.09 earnings per share. analysts forecast that Northern Trust Co. will post 6.5 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Sunday, July 1st. Stockholders of record on Friday, June 8th will be paid a dividend of $0.42 per share. The ex-dividend date of this dividend is Thursday, June 7th. This represents a $1.68 annualized dividend and a dividend yield of 1.58%. Northern Trust’s dividend payout ratio is currently 34.78%.
In other news, insider Jeffrey D. Cohodes sold 14,979 shares of the firm’s stock in a transaction on Monday, May 7th. The stock was sold at an average price of $105.15, for a total transaction of $1,575,041.85. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Jana R. Schreuder sold 2,627 shares of the firm’s stock in a transaction on Tuesday, April 24th. The shares were sold at an average price of $108.08, for a total value of $283,926.16. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 27,682 shares of company stock worth $2,924,955. Insiders own 1.04% of the company’s stock.
About Northern Trust
Northern Trust Corporation, a financial holding company, provides asset servicing, fund administration, asset management, fiduciary, and banking solutions for corporations, institutions, families, and individuals worldwide. It operates through Corporate & Institutional Services (C&IS) and Wealth Management segments.
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