Sumitomo Mitsui DS Asset Management Company Ltd trimmed its position in Northern Trust Co. (NASDAQ:NTRS) by 0.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 98,310 shares of the asset manager’s stock after selling 323 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Northern Trust were worth $10,444,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of NTRS. CSat Investment Advisory L.P. boosted its stake in shares of Northern Trust by 252.7% in the 2nd quarter. CSat Investment Advisory L.P. now owns 582 shares of the asset manager’s stock worth $52,000 after buying an additional 417 shares during the last quarter. HM Payson & Co. purchased a new stake in shares of Northern Trust during the second quarter worth $68,000. Signaturefd LLC lifted its position in shares of Northern Trust by 18.0% during the third quarter. Signaturefd LLC now owns 766 shares of the asset manager’s stock worth $71,000 after acquiring an additional 117 shares in the last quarter. Boston Partners purchased a new stake in shares of Northern Trust during the second quarter worth $103,000. Finally, Parallel Advisors LLC lifted its position in shares of Northern Trust by 53.7% during the third quarter. Parallel Advisors LLC now owns 1,177 shares of the asset manager’s stock worth $110,000 after acquiring an additional 411 shares in the last quarter. 81.88% of the stock is owned by institutional investors and hedge funds.

NTRS traded down $2.62 on Friday, hitting $101.45. The company had a trading volume of 700,086 shares, compared to its average volume of 1,067,352. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.65 and a quick ratio of 0.61. Northern Trust Co. has a 52-week low of $83.95 and a 52-week high of $110.48. The stock has a fifty day simple moving average of $107.41 and a 200-day simple moving average of $98.44. The firm has a market capitalization of $22.25 billion, a P/E ratio of 15.32, a P/E/G ratio of 1.55 and a beta of 1.22.

Northern Trust (NASDAQ:NTRS) last issued its quarterly earnings data on Wednesday, January 22nd. The asset manager reported $1.70 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.77 by ($0.07). Northern Trust had a return on equity of 15.15% and a net margin of 21.64%. The company had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.55 billion. During the same quarter last year, the business earned $1.80 earnings per share. The business’s quarterly revenue was up 2.7% on a year-over-year basis. Equities research analysts expect that Northern Trust Co. will post 7.29 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date of this dividend is Thursday, March 12th. Northern Trust’s dividend payout ratio (DPR) is presently 42.23%.

In other Northern Trust news, CFO Biff Bowman sold 13,208 shares of Northern Trust stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $106.53, for a total value of $1,407,048.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Robert P. Browne sold 14,046 shares of Northern Trust stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $109.28, for a total transaction of $1,534,946.88. The disclosure for this sale can be found here. In the last ninety days, insiders sold 57,600 shares of company stock valued at $6,122,821. 1.15% of the stock is currently owned by insiders.

Several equities research analysts have issued reports on NTRS shares. Bank of America increased their target price on Northern Trust from $95.00 to $105.00 and gave the stock a “neutral” rating in a research report on Thursday, October 24th. UBS Group raised their price objective on Northern Trust from $103.00 to $110.00 and gave the company a “neutral” rating in a research note on Tuesday, December 17th. JPMorgan Chase & Co. reduced their price objective on Northern Trust from $101.50 to $98.00 and set a “neutral” rating on the stock in a research note on Thursday, October 10th. Citigroup upgraded shares of Northern Trust from a “sell” rating to a “neutral” rating and increased their target price for the stock from $92.00 to $110.00 in a report on Monday, December 16th. Finally, ValuEngine lowered shares of Northern Trust from a “hold” rating to a “sell” rating in a report on Friday, January 3rd. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $105.61.

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, Corporate & Institutional Services (C&IS) and Wealth Management.

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Institutional Ownership by Quarter for Northern Trust (NASDAQ:NTRS)

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