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.
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.
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