Northern Trust Corp. (NTRS) Shares Sold by Exxonmobil Investment Management Inc. TX
Exxonmobil Investment Management Inc. TX decreased its position in Northern Trust Corp. (NASDAQ:NTRS) by 2.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 54,385 shares of the company’s stock after selling 1,132 shares during the period. Exxonmobil Investment Management Inc. TX’s holdings in Northern Trust Corp. were worth $3,698,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in 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 period. FMR LLC increased its position in 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 period. JPMorgan Chase & Co. increased its position in 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 period. American Century Companies Inc. increased its position in 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 period. Finally, Burgundy Asset Management Ltd. increased its position in 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 period. 79.70% of the stock is owned by hedge funds and other institutional investors.
Shares of Northern Trust Corp. (NASDAQ:NTRS) traded down 1.90% on Monday, reaching $80.59. The company’s stock had a trading volume of 1,326,914 shares. The firm’s 50 day moving average is $74.90 and its 200-day moving average is $70.39. The stock has a market cap of $18.25 billion, a P/E ratio of 19.20 and a beta of 1.02. Northern Trust Corp. has a 52-week low of $54.38 and a 52-week high of $83.09.
Northern Trust Corp. (NASDAQ:NTRS) last issued its quarterly earnings data on Wednesday, October 19th. The company reported $1.08 EPS for the quarter, missing analysts’ consensus estimates of $1.09 by $0.01. The business earned $1.22 billion during the quarter, compared to the consensus estimate of $1.25 billion. Northern Trust Corp. had a return on equity of 11.55% and a net margin of 19.58%. The business’s quarterly revenue was up 5.1% on a year-over-year basis. During the same period last year, the firm earned $0.96 EPS. On average, equities research analysts forecast 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. Stockholders of record on Friday, December 2nd will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date of this dividend is Wednesday, November 30th. Northern Trust Corp.’s payout ratio is presently 36.45%.
NTRS has been the subject of a number of recent research reports. Zacks Investment Research raised Northern Trust Corp. from a “hold” rating to a “buy” rating and set a $79.00 price target for the company in a research report on Monday, October 24th. upped their price target on Northern Trust Corp. from $70.00 to $73.00 and gave the stock an “underperform” rating in a research report on Friday, September 23rd. Deutsche Bank AG set a $71.00 price target on Northern Trust Corp. and gave the stock a “hold” rating in a research report on Friday, August 5th. Jefferies Group reiterated a “hold” rating and set a $77.00 price objective on shares of Northern Trust Corp. in a research note on Monday, October 10th. Finally, Credit Suisse Group AG began coverage on Northern Trust Corp. in a research note on Tuesday, November 22nd. They set a “neutral” rating and a $71.00 price objective on the stock. One analyst has rated the stock with a sell rating, ten have given a hold rating and one has issued a strong buy rating to the stock. Northern Trust Corp. presently has an average rating of “Hold” and an average price target of $73.65.
In other news, Vice Chairman William L. Morrison sold 98,239 shares of the company’s stock in a transaction on Monday, October 31st. The stock was sold at an average price of $72.57, for a total transaction of $7,129,204.23. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Jeffrey D. Cohodes sold 10,000 shares of the company’s stock in a transaction on Thursday, September 1st. The stock was sold at an average price of $71.35, for a total value of $713,500.00. The disclosure for this sale can be found here. Insiders own 1.90% of the company’s stock.
Northern Trust Corp. 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 around the world. The Company’s segments include Corporate & Institutional Services (C&IS), Wealth Management, and Treasury and Other.
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