Stifel Financial Corp reduced its stake in Northern Trust Co. (NASDAQ:NTRS) by 8.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 40,557 shares of the asset manager’s stock after selling 3,767 shares during the quarter. Stifel Financial Corp’s holdings in Northern Trust were worth $3,730,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of NTRS. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Northern Trust by 7,106.6% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 526,081 shares of the asset manager’s stock worth $51,140,000 after acquiring an additional 518,781 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Northern Trust by 2.6% in the 2nd quarter. Vanguard Group Inc. now owns 14,255,623 shares of the asset manager’s stock worth $1,385,789,000 after acquiring an additional 363,691 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Northern Trust by 18.4% in the 2nd quarter. Wells Fargo & Company MN now owns 1,925,499 shares of the asset manager’s stock worth $187,177,000 after acquiring an additional 299,230 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Northern Trust by 14.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,965,535 shares of the asset manager’s stock worth $180,691,000 after acquiring an additional 255,106 shares during the last quarter. Finally, Cortland Advisers LLC lifted its holdings in shares of Northern Trust by 355.3% in the 2nd quarter. Cortland Advisers LLC now owns 302,078 shares of the asset manager’s stock worth $29,365,000 after acquiring an additional 235,727 shares during the last quarter. Hedge funds and other institutional investors own 81.75% of the company’s stock.

In other Northern Trust news, COO Jana R. Schreuder sold 18,489 shares of the stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $99.20, for a total value of $1,834,108.80. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Vice Chairman William L. Morrison sold 30,000 shares of the stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $96.48, for a total transaction of $2,894,400.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 433,382 shares of company stock worth $41,304,013. 1.27% of the stock is owned by company insiders.

Shares of Northern Trust Co. (NASDAQ NTRS) opened at $97.85 on Monday. The stock has a market cap of $22,253.14, a P/E ratio of 21.36, a price-to-earnings-growth ratio of 2.09 and a beta of 0.96. Northern Trust Co. has a fifty-two week low of $81.92 and a fifty-two week high of $99.66. 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 (NASDAQ:NTRS) last released its earnings results on Wednesday, October 18th. The asset manager reported $1.20 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.12 by $0.08. The company had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.35 billion. Northern Trust had a net margin of 20.27% and a return on equity of 12.33%. The firm’s quarterly revenue was up 11.2% on a year-over-year basis. During the same period in the prior year, the business earned $1.11 EPS. equities analysts predict that Northern Trust Co. will post 4.68 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 1st. Shareholders of record on Friday, December 1st will be issued a dividend of $0.42 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $1.68 dividend on an annualized basis and a yield of 1.72%. Northern Trust’s dividend payout ratio (DPR) is presently 37.17%.

Several equities analysts have recently commented on the stock. Zacks Investment Research lowered shares of Northern Trust from a “hold” rating to a “sell” rating in a report on Tuesday, August 22nd. Buckingham Research upped their price objective on shares of Northern Trust from $95.00 to $97.00 and gave the stock a “neutral” rating in a report on Thursday, October 19th. UBS upped their price objective on shares of Northern Trust from $100.00 to $109.00 and gave the stock a “buy” rating in a report on Thursday, October 19th. Morgan Stanley upped their price objective on shares of Northern Trust from $83.00 to $91.00 and gave the stock an “underweight” rating in a report on Thursday, October 19th. Finally, Citigroup restated a “neutral” rating and issued a $92.00 price objective (up from $90.00) on shares of Northern Trust in a report on Monday, October 9th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $97.07.

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

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

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