Northern Trust Co. (NTRS) Shares Sold by Municipal Employees Retirement System of Michigan

Municipal Employees Retirement System of Michigan trimmed its holdings in Northern Trust Co. (NASDAQ:NTRS) by 19.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,550 shares of the asset manager’s stock after selling 1,320 shares during the period. Municipal Employees Retirement System of Michigan’s holdings in Northern Trust were worth $510,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in NTRS. Salem Investment Counselors Inc. increased its holdings in shares of Northern Trust by 8.3% in the second quarter. Salem Investment Counselors Inc. now owns 1,083 shares of the asset manager’s stock worth $105,000 after purchasing an additional 83 shares during the last quarter. Dupont Capital Management Corp bought a new stake in shares of Northern Trust in the second quarter worth about $107,000. MPS Loria Financial Planners LLC bought a new stake in shares of Northern Trust in the second quarter worth about $134,000. Bessemer Group Inc. increased its holdings in shares of Northern Trust by 16.9% in the second quarter. Bessemer Group Inc. now owns 1,461 shares of the asset manager’s stock worth $143,000 after purchasing an additional 211 shares during the last quarter. Finally, Sun Life Financial INC increased its holdings in shares of Northern Trust by 15,740.0% in the second quarter. Sun Life Financial INC now owns 1,584 shares of the asset manager’s stock worth $154,000 after purchasing an additional 1,574 shares during the last quarter. Institutional investors and hedge funds own 81.75% of the company’s stock.

Several equities research analysts have recently issued reports on NTRS shares. Wells Fargo & Company started coverage on Northern Trust in a report on Wednesday, August 9th. They issued a “market perform” rating and a $90.00 target price on the stock. BidaskClub raised Northern Trust from a “sell” rating to a “hold” rating in a report on Friday, August 11th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $97.00 target price on shares of Northern Trust in a report on Friday, August 18th. Zacks Investment Research cut Northern Trust from a “hold” rating to a “sell” rating in a report on Tuesday, August 22nd. Finally, UBS raised Northern Trust from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $92.00 to $100.00 in a research note on Friday, September 8th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $97.07.

In other news, COO Jana R. Schreuder sold 18,489 shares of the company’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $99.20, for a total transaction of $1,834,108.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Vice Chairman William L. Morrison sold 30,000 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $96.48, for a total value of $2,894,400.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 449,963 shares of company stock worth $42,798,613. Insiders own 1.27% of the company’s stock.

Shares of Northern Trust Co. (NTRS) opened at $96.95 on Wednesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.71 and a current ratio of 0.71. Northern Trust Co. has a 52 week low of $81.92 and a 52 week high of $99.66. The firm has a market capitalization of $22,209.95, a P/E ratio of 21.32, a price-to-earnings-growth ratio of 2.16 and a beta of 0.96.

Northern Trust (NASDAQ:NTRS) last issued its quarterly earnings data on Wednesday, October 18th. The asset manager reported $1.20 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.12 by $0.08. The company had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.35 billion. Northern Trust had a return on equity of 12.33% and a net margin of 20.27%. The firm’s revenue for the quarter was up 11.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.11 earnings per share. equities analysts predict that Northern Trust Co. will post 4.68 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 1st. Stockholders of record on Friday, December 1st will be paid a dividend of $0.42 per share. The ex-dividend date is Thursday, November 30th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.73%. Northern Trust’s dividend payout ratio is 37.17%.

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Northern Trust Profile

Northern Trust Corporation is a financial holding company. The Company provides asset servicing, fund administration, asset management, fiduciary and banking solutions for corporations, institutions, families and individuals across the world. Its segments include Corporate & Institutional Services (C&IS), Wealth Management, and Treasury and Other.

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

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