Schroder Investment Management Group Takes Position in Northern Trust Co. (NASDAQ:NTRS)

Schroder Investment Management Group acquired a new stake in Northern Trust Co. (NASDAQ:NTRS) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 4,360 shares of the asset manager’s stock, valued at approximately $450,000.

Several other hedge funds have also made changes to their positions in the stock. Signaturefd LLC purchased a new position in Northern Trust during the 1st quarter worth $102,000. Whittier Trust Co. of Nevada Inc. acquired a new position in shares of Northern Trust during the 1st quarter worth $103,000. Truewealth LLC acquired a new position in shares of Northern Trust during the 4th quarter worth $110,000. Bray Capital Advisors acquired a new stake in Northern Trust in the 1st quarter valued at about $188,000. Finally, Nicolet Bankshares Inc. acquired a new stake in Northern Trust in the 1st quarter valued at about $206,000. Hedge funds and other institutional investors own 78.09% of the company’s stock.

In other news, EVP Aileen B. Blake sold 7,163 shares of the business’s stock in a transaction that occurred on Monday, May 7th. The stock was sold at an average price of $105.15, for a total transaction of $753,189.45. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Jana R. Schreuder sold 2,913 shares of the business’s stock in a transaction that occurred on Tuesday, May 15th. The shares were sold at an average price of $107.38, for a total value of $312,797.94. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 27,682 shares of company stock valued at $2,924,955. Corporate insiders own 1.04% of the company’s stock.



Several research analysts have recently weighed in on the stock. Credit Suisse Group increased their price objective on shares of Northern Trust from $103.00 to $107.00 and gave the stock a “neutral” rating in a report on Wednesday, April 18th. Royal Bank of Canada restated a “buy” rating on shares of Northern Trust in a report on Wednesday, April 18th. Zacks Investment Research upgraded shares of Northern Trust from a “hold” rating to a “strong-buy” rating and set a $122.00 price objective on the stock in a research note on Friday, April 20th. BidaskClub lowered shares of Northern Trust from a “hold” rating to a “sell” rating in a research note on Friday, June 1st. Finally, Deutsche Bank raised their price target on shares of Northern Trust from $109.00 to $111.00 and gave the stock a “hold” rating in a research report on Friday, April 6th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $110.75.

Northern Trust traded down $0.99, hitting $106.12, on Tuesday, MarketBeat.com reports. 9,393 shares of the company’s stock traded hands, compared to its average volume of 937,299. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.66 and a quick ratio of 0.66. Northern Trust Co. has a 1 year low of $85.69 and a 1 year high of $110.81. The stock has a market cap of $24.05 billion, a PE ratio of 21.98, a price-to-earnings-growth ratio of 1.41 and a beta of 0.92.

Northern Trust (NASDAQ:NTRS) last announced its quarterly earnings results on Tuesday, April 17th. The asset manager reported $1.58 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.42 by $0.16. Northern Trust had a return on equity of 13.88% and a net margin of 21.84%. The business had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.45 billion. During the same quarter in the previous year, the business posted $1.09 EPS. The firm’s quarterly revenue was up 14.8% compared to the same quarter last year. equities research analysts anticipate that Northern Trust Co. will post 6.5 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Sunday, July 1st. Investors of record on Friday, June 8th will be issued a $0.42 dividend. The ex-dividend date of this dividend is Thursday, June 7th. This represents a $1.68 annualized dividend and a yield of 1.58%. Northern Trust’s dividend payout ratio (DPR) is currently 34.78%.

Northern Trust Company Profile

Northern Trust Corporation, a financial holding company, provides asset servicing, fund administration, asset management, fiduciary, and banking solutions for corporations, institutions, families, and individuals worldwide. It operates through Corporate & Institutional Services (C&IS) and Wealth Management segments.

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

Receive News & Ratings for Northern Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northern Trust and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply