Sei Investments Co. Raises Position in Northern Trust Corp. (NTRS)
Sei Investments Co. boosted its position in shares of Northern Trust Corp. (NASDAQ:NTRS) by 21.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 300,928 shares of the company’s stock after buying an additional 53,493 shares during the period. Sei Investments Co. owned approximately 0.13% of Northern Trust Corp. worth $20,460,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently made changes to their positions in NTRS. Breton Hill Capital Ltd. raised its position in shares of Northern Trust Corp. by 19.1% in the second quarter. Breton Hill Capital Ltd. now owns 13,584 shares of the company’s stock worth $900,000 after buying an additional 2,177 shares in the last quarter. Creative Planning raised its position in shares of Northern Trust Corp. by 61.9% in the second quarter. Creative Planning now owns 1,755 shares of the company’s stock worth $116,000 after buying an additional 671 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its position in shares of Northern Trust Corp. by 41.9% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 8,461 shares of the company’s stock worth $561,000 after buying an additional 2,500 shares in the last quarter. Chevy Chase Trust Holdings Inc. raised its position in shares of Northern Trust Corp. by 0.6% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 199,054 shares of the company’s stock worth $13,189,000 after buying an additional 1,204 shares in the last quarter. Finally, Exxonmobil Investment Management Inc. TX raised its position in shares of Northern Trust Corp. by 5.9% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 55,517 shares of the company’s stock worth $3,679,000 after buying an additional 3,110 shares in the last quarter. 79.70% of the stock is currently owned by institutional investors and hedge funds.
Shares of Northern Trust Corp. (NASDAQ:NTRS) traded up 1.24% during trading on Tuesday, hitting $81.59. The company’s stock had a trading volume of 318,390 shares. The company has a 50-day moving average price of $75.14 and a 200-day moving average price of $70.47. The stock has a market cap of $18.47 billion, a PE ratio of 19.44 and a beta of 1.02. Northern Trust Corp. has a one year low of $54.38 and a one year high of $83.09.
Northern Trust Corp. (NASDAQ:NTRS) last issued its quarterly earnings results on Wednesday, October 19th. The company reported $1.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.09 by $0.01. The company earned $1.22 billion during the quarter, compared to analyst estimates of $1.25 billion. Northern Trust Corp. had a net margin of 19.58% and a return on equity of 11.55%. The business’s revenue was up 5.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.96 EPS. Equities analysts predict that Northern Trust Corp. will post $4.28 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Sunday, January 1st. Investors of record on Friday, December 2nd will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 1.89%. The ex-dividend date of this dividend is Wednesday, November 30th. Northern Trust Corp.’s dividend payout ratio (DPR) is presently 36.45%.
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A number of brokerages have recently weighed in on NTRS. Zacks Investment Research raised Northern Trust Corp. from a “hold” rating to a “buy” rating and set a $93.00 price objective on the stock in a report on Wednesday, November 16th. Credit Suisse Group AG initiated coverage on Northern Trust Corp. in a research note on Tuesday, November 22nd. They issued a “neutral” rating and a $71.00 target price on the stock. Jefferies Group restated a “hold” rating and issued a $77.00 target price on shares of Northern Trust Corp. in a research note on Monday, October 10th. Deutsche Bank AG upped their target price on Northern Trust Corp. from $75.00 to $76.00 and gave the stock a “hold” rating in a research note on Friday, September 9th. Finally, upped their target price on Northern Trust Corp. from $70.00 to $73.00 and gave the stock an “underperform” rating in a research note on Friday, September 23rd. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $73.65.
In other Northern Trust Corp. news, EVP Jeffrey D. Cohodes sold 10,000 shares of Northern Trust Corp. stock in a transaction that occurred on Thursday, September 1st. The stock was sold at an average price of $71.35, for a total value of $713,500.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Biff Bowman sold 2,960 shares of Northern Trust Corp. stock in a transaction that occurred on Wednesday, September 7th. The shares were sold at an average price of $70.00, for a total value of $207,200.00. The disclosure for this sale can be found here. 1.90% of the stock is owned by corporate 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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