California State Teachers Retirement System decreased its position in shares of Northern Trust Corporation (NASDAQ:NTRS) by 6.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 398,319 shares of the asset manager’s stock after selling 26,716 shares during the period. California State Teachers Retirement System owned 0.17% of Northern Trust Corporation worth $38,721,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in NTRS. BlackRock Inc. lifted its stake in shares of Northern Trust Corporation by 2,771.9% during the first quarter. BlackRock Inc. now owns 13,279,770 shares of the asset manager’s stock valued at $1,149,760,000 after buying an additional 12,817,363 shares during the period. Primecap Management Co. CA lifted its stake in shares of Northern Trust Corporation by 30.2% during the first quarter. Primecap Management Co. CA now owns 2,553,950 shares of the asset manager’s stock valued at $221,121,000 after buying an additional 592,550 shares during the period. Vanguard Group Inc. lifted its stake in shares of Northern Trust Corporation by 3.9% during the first quarter. Vanguard Group Inc. now owns 13,891,932 shares of the asset manager’s stock valued at $1,202,764,000 after buying an additional 527,025 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in shares of Northern Trust Corporation by 7,106.6% during the second quarter. Arrowstreet Capital Limited Partnership now owns 526,081 shares of the asset manager’s stock valued at $51,140,000 after buying an additional 518,781 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its stake in shares of Northern Trust Corporation by 59.5% during the first quarter. Massachusetts Financial Services Co. MA now owns 997,276 shares of the asset manager’s stock valued at $86,344,000 after buying an additional 371,920 shares during the period. 81.90% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts recently issued reports on the stock. BidaskClub raised shares of Northern Trust Corporation from a “sell” rating to a “hold” rating in a research note on Friday, August 11th. Zacks Investment Research lowered shares of Northern Trust Corporation from a “buy” rating to a “hold” rating in a research report on Friday, July 21st. Buckingham Research reaffirmed a “neutral” rating and set a $103.00 price target (up previously from $93.00) on shares of Northern Trust Corporation in a research report on Monday, July 10th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $97.00 price target on shares of Northern Trust Corporation in a research report on Thursday, June 29th. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and set a $86.00 price target (down previously from $91.00) on shares of Northern Trust Corporation in a research report on Saturday, July 22nd. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Northern Trust Corporation presently has an average rating of “Hold” and an average target price of $95.93.

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In other news, EVP Aileen B. Blake sold 1,000 shares of Northern Trust Corporation stock in a transaction that occurred on Friday, October 6th. The shares were sold at an average price of $94.00, for a total value of $94,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Teresa Parker sold 8,000 shares of Northern Trust Corporation stock in a transaction that occurred on Wednesday, September 27th. The shares were sold at an average price of $92.00, for a total transaction of $736,000.00. The disclosure for this sale can be found here. Insiders sold 166,094 shares of company stock valued at $15,115,309 over the last quarter. Corporate insiders own 1.27% of the company’s stock.

Northern Trust Corporation (NASDAQ:NTRS) traded down 0.11% during midday trading on Friday, hitting $93.25. 167,038 shares of the stock traded hands. Northern Trust Corporation has a 1-year low of $69.46 and a 1-year high of $99.30. The firm has a market cap of $21.31 billion, a P/E ratio of 21.17 and a beta of 0.93. The company has a 50-day moving average price of $90.13 and a 200-day moving average price of $90.17.

Northern Trust Corporation (NASDAQ:NTRS) last posted its earnings results on Wednesday, July 19th. The asset manager reported $1.18 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.23 by ($0.05). The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.33 billion. Northern Trust Corporation had a net margin of 20.21% and a return on equity of 12.08%. Northern Trust Corporation’s revenue was up .5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.09 earnings per share. Analysts predict that Northern Trust Corporation will post $4.69 EPS for the current year.

Northern Trust Corporation declared that its board has approved a share buyback plan on Wednesday, June 28th that permits the company to repurchase $750.00 million in outstanding shares. This repurchase authorization permits the asset manager to reacquire up to 3.4% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.

The firm also recently announced a quarterly dividend, which was paid on Sunday, October 1st. Shareholders of record on Friday, September 1st were paid a $0.42 dividend. The ex-dividend date of this dividend was Wednesday, August 30th. This is a boost from Northern Trust Corporation’s previous quarterly dividend of $0.38. This represents a $1.68 dividend on an annualized basis and a yield of 1.80%. Northern Trust Corporation’s payout ratio is 38.18%.

Northern Trust Corporation 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 across the world. Its segments include Corporate & Institutional Services (C&IS), Wealth Management, and Treasury and Other.

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

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