Thompson Investment Management Inc. Acquires 685 Shares of Northern Trust Corporation (NTRS)
Thompson Investment Management Inc. grew its holdings in Northern Trust Corporation (NASDAQ:NTRS) by 1.0% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 66,165 shares of the asset manager’s stock after acquiring an additional 685 shares during the period. Northern Trust Corporation accounts for approximately 1.1% of Thompson Investment Management Inc.’s holdings, making the stock its 27th largest position. Thompson Investment Management Inc.’s holdings in Northern Trust Corporation were worth $6,083,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of NTRS. Salem Investment Counselors Inc. grew its position in Northern Trust Corporation by 8.3% in the second quarter. Salem Investment Counselors Inc. now owns 1,083 shares of the asset manager’s stock worth $105,000 after acquiring an additional 83 shares in the last quarter. Huntington National Bank grew its position in Northern Trust Corporation by 54.0% in the second quarter. Huntington National Bank now owns 1,089 shares of the asset manager’s stock worth $106,000 after acquiring an additional 382 shares in the last quarter. Dupont Capital Management Corp bought a new stake in Northern Trust Corporation in the second quarter worth approximately $107,000. MPS Loria Financial Planners LLC bought a new stake in shares of Northern Trust Corporation during the 2nd quarter worth $134,000. Finally, Bessemer Group Inc. boosted its holdings in shares of Northern Trust Corporation by 16.9% during the 2nd quarter. Bessemer Group Inc. now owns 1,461 shares of the asset manager’s stock worth $143,000 after buying an additional 211 shares during the period. 82.00% of the stock is owned by institutional investors.
Several research firms recently issued reports on NTRS. Zacks Investment Research downgraded shares of Northern Trust Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. BidaskClub downgraded shares of Northern Trust Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Citigroup Inc. reaffirmed a “neutral” rating and set a $92.00 price objective (up from $90.00) on shares of Northern Trust Corporation in a report on Monday, October 9th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $97.00 price objective on shares of Northern Trust Corporation in a report on Friday, August 18th. Finally, Bank of America Corporation decreased their price objective on shares of Northern Trust Corporation from $106.00 to $97.00 and set a “buy” rating for the company in a report on Thursday, July 20th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, four have issued a buy 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 target price of $97.07.
Shares of Northern Trust Corporation (NASDAQ NTRS) traded up $0.64 during mid-day trading on Thursday, hitting $93.28. 1,001,900 shares of the stock were exchanged, compared to its average volume of 1,157,142. Northern Trust Corporation has a 52 week low of $80.49 and a 52 week high of $99.30. The firm has a market cap of $21,068.29, a PE ratio of 20.23, a price-to-earnings-growth ratio of 2.05 and a beta of 0.96. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.37.
Northern Trust Corporation (NASDAQ:NTRS) last announced its quarterly earnings data on Wednesday, October 18th. The asset manager reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.08. Northern Trust Corporation had a net margin of 20.27% and a return on equity of 12.33%. The company had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.35 billion. During the same quarter in the prior year, the company posted $1.11 EPS. The business’s revenue was up 11.2% on a year-over-year basis. research analysts forecast that Northern Trust Corporation will post 4.68 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, January 1st. Stockholders of record on Friday, December 1st will be issued a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 1.80%. The ex-dividend date of this dividend is Thursday, November 30th. Northern Trust Corporation’s payout ratio is 37.17%.
In other news, EVP Aileen B. Blake sold 1,000 shares of the company’s stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $90.00, for a total value of $90,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Vice Chairman William L. Morrison sold 11,058 shares of the company’s stock in a transaction dated Wednesday, October 25th. The stock was sold at an average price of $94.34, for a total transaction of $1,043,211.72. The disclosure for this sale can be found here. In the last ninety days, insiders sold 338,082 shares of company stock worth $31,732,330. 1.27% of the stock is owned by insiders.
ILLEGAL ACTIVITY WARNING: “Thompson Investment Management Inc. Acquires 685 Shares of Northern Trust Corporation (NTRS)” was published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this news story on another publication, it was illegally copied and republished in violation of United States & international copyright law. The legal version of this news story can be viewed at https://www.thecerbatgem.com/2017/11/16/thompson-investment-management-inc-acquires-685-shares-of-northern-trust-corporation-ntrs.html.
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.
Want to see what other hedge funds are holding NTRS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Northern Trust Corporation (NASDAQ:NTRS).
Receive News & Stock Ratings for Northern Trust Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northern Trust Corporation and related stocks with our FREE daily email newsletter.