British Columbia Investment Management Corp raised its position in Northern Trust Corp. (NASDAQ:NTRS) by 5.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 165,787 shares of the company’s stock after buying an additional 7,993 shares during the period. British Columbia Investment Management Corp owned 0.07% of Northern Trust Corp. worth $11,272,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Northern Trust Corp. by 1.5% in the second quarter. Vanguard Group Inc. now owns 12,804,278 shares of the company’s stock worth $848,412,000 after buying an additional 187,195 shares during the last quarter. FMR LLC raised its stake in shares of Northern Trust Corp. by 13.8% in the second quarter. FMR LLC now owns 8,583,519 shares of the company’s stock worth $568,744,000 after buying an additional 1,041,052 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Northern Trust Corp. by 11.0% in the second quarter. JPMorgan Chase & Co. now owns 7,738,990 shares of the company’s stock worth $512,786,000 after buying an additional 768,081 shares during the last quarter. American Century Companies Inc. raised its stake in shares of Northern Trust Corp. by 6.4% in the second quarter. American Century Companies Inc. now owns 7,702,813 shares of the company’s stock worth $510,388,000 after buying an additional 462,106 shares during the last quarter. Finally, Burgundy Asset Management Ltd. raised its stake in shares of Northern Trust Corp. by 5.9% in the second quarter. Burgundy Asset Management Ltd. now owns 2,431,383 shares of the company’s stock worth $161,103,000 after buying an additional 135,166 shares during the last quarter. Hedge funds and other institutional investors own 81.31% of the company’s stock.

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

Shares of Northern Trust Corp. (NASDAQ:NTRS) traded up 0.16% on Friday, hitting $82.15. The company had a trading volume of 471,621 shares. Northern Trust Corp. has a 12-month low of $54.38 and a 12-month high of $83.09. The firm has a market capitalization of $18.60 billion, a P/E ratio of 19.57 and a beta of 1.02. The firm has a 50 day moving average of $74.90 and a 200-day moving average of $70.39.

Northern Trust Corp. (NASDAQ:NTRS) last announced its quarterly earnings results on Wednesday, October 19th. The company reported $1.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.09 by $0.01. Northern Trust Corp. had a return on equity of 11.55% and a net margin of 19.58%. The business earned $1.22 billion during the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter last year, the company earned $0.96 earnings per share. The firm’s revenue was up 5.1% compared to the same quarter last year. On average, equities analysts predict that Northern Trust Corp. will post $4.28 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Sunday, January 1st. Shareholders of record on Friday, December 2nd will be issued a $0.38 dividend. The ex-dividend date is Wednesday, November 30th. This represents a $1.52 annualized dividend and a dividend yield of 1.85%. Northern Trust Corp.’s dividend payout ratio (DPR) is currently 36.45%.

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A number of equities research analysts have commented on NTRS shares. Zacks Investment Research upgraded Northern Trust Corp. from a “hold” rating to a “buy” rating and set a $79.00 price objective for the company in a research report on Monday, October 24th. lifted their price target on Northern Trust Corp. from $70.00 to $73.00 and gave the company an “underperform” rating in a report on Friday, September 23rd. Deutsche Bank AG set a $71.00 price target on Northern Trust Corp. and gave the company a “hold” rating in a report on Friday, August 5th. Jefferies Group reiterated a “hold” rating and set a $77.00 price target on shares of Northern Trust Corp. in a report on Monday, October 10th. Finally, Credit Suisse Group AG initiated coverage on Northern Trust Corp. in a report on Tuesday. They set a “neutral” rating and a $71.00 price target for the company. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $73.65.

In other Northern Trust Corp. news, CFO Biff Bowman sold 2,960 shares of the stock in a transaction dated Wednesday, September 7th. The stock was sold at an average price of $70.00, for a total value of $207,200.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Clair Joyce St sold 50,010 shares of the stock in a transaction dated Monday, August 29th. The stock was sold at an average price of $70.04, for a total value of $3,502,700.40. The disclosure for this sale can be found here. 1.90% of the stock is owned by company insiders.

About Northern Trust Corp.

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 around the world. The Company’s segments include Corporate & Institutional Services (C&IS), Wealth Management, and Treasury and Other.

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