Cedar Hill Associates LLC Has $1.67 Million Stake in Northern Trust Co. (NTRS)

Cedar Hill Associates LLC increased its position in Northern Trust Co. (NASDAQ:NTRS) by 163.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,196 shares of the asset manager’s stock after buying an additional 11,284 shares during the period. Cedar Hill Associates LLC’s holdings in Northern Trust were worth $1,672,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of NTRS. Vanguard Group Inc. grew its holdings in Northern Trust by 2.6% in the second quarter. Vanguard Group Inc. now owns 14,255,623 shares of the asset manager’s stock valued at $1,385,789,000 after purchasing an additional 363,691 shares during the period. BlackRock Inc. grew its holdings in Northern Trust by 0.3% in the second quarter. BlackRock Inc. now owns 13,318,550 shares of the asset manager’s stock valued at $1,294,697,000 after purchasing an additional 38,780 shares during the period. Northern Trust Corp grew its holdings in Northern Trust by 1.5% in the second quarter. Northern Trust Corp now owns 12,414,424 shares of the asset manager’s stock valued at $1,206,806,000 after purchasing an additional 184,112 shares during the period. JPMorgan Chase & Co. grew its holdings in Northern Trust by 0.5% in the third quarter. JPMorgan Chase & Co. now owns 8,262,483 shares of the asset manager’s stock valued at $759,569,000 after purchasing an additional 41,048 shares during the period. Finally, Burgundy Asset Management Ltd. grew its holdings in Northern Trust by 1.4% in the second quarter. Burgundy Asset Management Ltd. now owns 2,373,551 shares of the asset manager’s stock valued at $230,733,000 after purchasing an additional 32,849 shares during the period. 81.75% of the stock is owned by institutional investors and hedge funds.

NTRS has been the subject of a number of recent analyst reports. Bank of America set a $102.00 target price on shares of Northern Trust and gave the company a “buy” rating in a report on Thursday, October 19th. UBS boosted their target price on shares of Northern Trust from $100.00 to $109.00 and gave the company a “buy” rating in a report on Thursday, October 19th. Royal Bank Of Canada restated 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 upgraded shares of Northern Trust from a “sell” rating to a “hold” rating in a report on Monday, September 25th. Finally, Buckingham Research boosted their target price on shares of Northern Trust from $95.00 to $97.00 and gave the company a “neutral” rating in a report on Thursday, October 19th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Northern Trust presently has a consensus rating of “Hold” and an average price target of $97.07.

Shares of Northern Trust Co. (NASDAQ:NTRS) opened at $97.73 on Monday. 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 stock has a market cap of $22,230.00, a P/E ratio of 21.34, a price-to-earnings-growth ratio of 2.08 and a beta of 0.96.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 1st. Shareholders 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 annualized dividend and a yield of 1.72%. Northern Trust’s dividend payout ratio is currently 37.09%.

In other Northern Trust news, Chairman Frederick H. Waddell sold 177,964 shares of the business’s stock in a transaction that occurred on Wednesday, October 18th. The shares were sold at an average price of $95.64, for a total transaction of $17,020,476.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Teresa Parker sold 8,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 27th. The stock was sold at an average price of $92.00, for a total transaction of $736,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 433,382 shares of company stock valued at $41,304,013. 1.27% of the stock is owned by insiders.

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Northern Trust Company 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.

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

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