American Century Companies Inc. Raises Position in Northern Trust Co. (NASDAQ:NTRS)

American Century Companies Inc. increased its holdings in Northern Trust Co. (NASDAQ:NTRS) by 18.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,261,223 shares of the asset manager’s stock after buying an additional 648,850 shares during the period. American Century Companies Inc. owned 1.92% of Northern Trust worth $356,196,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Kaizen Advisory LLC boosted its position in Northern Trust by 20.3% during the fourth quarter. Kaizen Advisory LLC now owns 645 shares of the asset manager’s stock valued at $54,000 after acquiring an additional 109 shares during the last quarter. LS Investment Advisors LLC raised its holdings in shares of Northern Trust by 2.3% during the fourth quarter. LS Investment Advisors LLC now owns 5,974 shares of the asset manager’s stock valued at $499,000 after purchasing an additional 132 shares during the period. Simmons Bank lifted its stake in Northern Trust by 1.1% in the 4th quarter. Simmons Bank now owns 12,616 shares of the asset manager’s stock worth $1,055,000 after purchasing an additional 134 shares in the last quarter. Advisor Group Inc. lifted its stake in Northern Trust by 3.6% in the 4th quarter. Advisor Group Inc. now owns 4,021 shares of the asset manager’s stock worth $336,000 after purchasing an additional 139 shares in the last quarter. Finally, First Mercantile Trust Co. lifted its stake in Northern Trust by 63.6% in the 4th quarter. First Mercantile Trust Co. now owns 360 shares of the asset manager’s stock worth $30,000 after purchasing an additional 140 shares in the last quarter. Institutional investors own 78.95% of the company’s stock.

Shares of NTRS traded down $0.55 during trading hours on Friday, reaching $91.87. 1,870,692 shares of the company traded hands, compared to its average volume of 1,180,387. Northern Trust Co. has a 12 month low of $75.96 and a 12 month high of $115.61. The firm has a market capitalization of $20.07 billion, a price-to-earnings ratio of 13.65, a PEG ratio of 1.21 and a beta of 1.06. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.35.

Northern Trust (NASDAQ:NTRS) last issued its quarterly earnings results on Wednesday, January 23rd. The asset manager reported $1.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.19. Northern Trust had a net margin of 23.37% and a return on equity of 16.62%. The company had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.49 billion. During the same period last year, the company posted $1.51 EPS. Northern Trust’s revenue was up 5.3% on a year-over-year basis. On average, research analysts forecast that Northern Trust Co. will post 6.66 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 8th were issued a $0.60 dividend. The ex-dividend date was Thursday, March 7th. This is a boost from Northern Trust’s previous quarterly dividend of $0.55. This represents a $2.40 annualized dividend and a yield of 2.61%. Northern Trust’s payout ratio is 35.66%.

NTRS has been the topic of several recent analyst reports. Zacks Investment Research cut shares of Northern Trust from a “hold” rating to a “sell” rating in a research note on Monday, December 31st. Barclays lowered their price objective on shares of Northern Trust from $119.00 to $109.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 2nd. Jefferies Financial Group cut shares of Northern Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, January 8th. Wolfe Research cut shares of Northern Trust from a “market perform” rating to an “underperform” rating in a research report on Tuesday, January 8th. Finally, Morgan Stanley decreased their target price on shares of Northern Trust from $109.00 to $96.00 and set an “underweight” rating on the stock in a research report on Tuesday, January 8th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $110.45.

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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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