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.

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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.

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

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