Northern Trust Co. (NTRS) Holdings Trimmed by Rathbone Brothers plc

Rathbone Brothers plc decreased its holdings in Northern Trust Co. (NASDAQ:NTRS) by 14.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 120,840 shares of the asset manager’s stock after selling 19,848 shares during the period. Rathbone Brothers plc’s holdings in Northern Trust were worth $10,925,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the business. First Mercantile Trust Co. increased its stake in shares of Northern Trust by 63.6% during the fourth quarter. First Mercantile Trust Co. now owns 360 shares of the asset manager’s stock valued at $30,000 after buying an additional 140 shares during the period. Parallel Advisors LLC increased its stake in shares of Northern Trust by 93.5% during the first quarter. Parallel Advisors LLC now owns 389 shares of the asset manager’s stock valued at $35,000 after buying an additional 188 shares during the period. Brand Asset Management Group Inc. purchased a new position in shares of Northern Trust during the first quarter valued at $38,000. Synovus Financial Corp increased its stake in shares of Northern Trust by 66.0% during the fourth quarter. Synovus Financial Corp now owns 503 shares of the asset manager’s stock valued at $43,000 after buying an additional 200 shares during the period. Finally, Exane Asset Management purchased a new position in shares of Northern Trust during the fourth quarter valued at $44,000. Institutional investors and hedge funds own 81.49% of the company’s stock.

In other Northern Trust news, insider Teresa Parker sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, April 25th. The stock was sold at an average price of $97.50, for a total value of $292,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.15% of the company’s stock.

Several brokerages have recently commented on NTRS. Raymond James lowered Northern Trust from a “strong-buy” rating to a “market perform” rating and set a $89.93 price target on the stock. in a research note on Thursday, January 24th. BidaskClub upgraded Northern Trust from a “sell” rating to a “hold” rating in a research note on Friday, April 5th. ValuEngine lowered Northern Trust from a “hold” rating to a “sell” rating in a research note on Monday, February 25th. Vining Sparks reiterated a “buy” rating and issued a $120.00 target price on shares of Northern Trust in a research note on Wednesday, January 23rd. Finally, Zacks Investment Research lowered Northern Trust from a “buy” rating to a “hold” rating in a research note on Friday, May 17th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $109.59.

Shares of Northern Trust stock traded down $1.20 on Thursday, reaching $93.36. 725,682 shares of the stock were exchanged, compared to its average volume of 1,046,181. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.35. Northern Trust Co. has a twelve month low of $75.96 and a twelve month high of $115.61. The company has a market capitalization of $20.58 billion, a price-to-earnings ratio of 13.87, a price-to-earnings-growth ratio of 1.42 and a beta of 1.08.

Northern Trust (NASDAQ:NTRS) last released its earnings results on Tuesday, April 23rd. The asset manager reported $1.48 EPS for the quarter, topping the Zacks’ consensus estimate of $1.46 by $0.02. Northern Trust had a return on equity of 16.03% and a net margin of 22.44%. The firm had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter in the previous year, the company posted $1.58 earnings per share. The company’s revenue was up .3% compared to the same quarter last year. Research analysts anticipate that Northern Trust Co. will post 6.8 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 14th will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date is Thursday, June 13th. Northern Trust’s payout ratio is presently 35.66%.

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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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