Toronto Dominion Bank Raises Stake in Northern Trust Co. (NASDAQ:NTRS)
Toronto Dominion Bank raised its position in shares of Northern Trust Co. (NASDAQ:NTRS) by 19.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 127,075 shares of the asset manager’s stock after purchasing an additional 20,903 shares during the quarter. Toronto Dominion Bank owned 0.06% of Northern Trust worth $11,836,000 as of its most recent SEC filing.
A number of other large investors have also recently modified their holdings of NTRS. NN Investment Partners Holdings N.V. lifted its holdings in shares of Northern Trust by 1,073.2% in the fourth quarter. NN Investment Partners Holdings N.V. now owns 1,975,814 shares of the asset manager’s stock worth $184,029,000 after buying an additional 1,807,398 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Northern Trust by 28.3% in the fourth quarter. Assenagon Asset Management S.A. now owns 13,946 shares of the asset manager’s stock worth $1,299,000 after buying an additional 3,076 shares in the last quarter. Schonfeld Strategic Advisors LLC purchased a new position in shares of Northern Trust in the third quarter worth $259,000. CHICAGO TRUST Co NA purchased a new position in shares of Northern Trust in the fourth quarter worth $201,000. Finally, Public Sector Pension Investment Board lifted its holdings in shares of Northern Trust by 25.4% in the third quarter. Public Sector Pension Investment Board now owns 25,203 shares of the asset manager’s stock worth $1,965,000 after buying an additional 5,100 shares in the last quarter. 78.82% of the stock is currently owned by institutional investors and hedge funds.
In related news, EVP Clair Joyce St sold 10,000 shares of the company’s stock in a transaction dated Monday, December 7th. The shares were sold at an average price of $94.24, for a total value of $942,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Steven L. Fradkin sold 8,473 shares of the company’s stock in a transaction dated Thursday, January 28th. The stock was sold at an average price of $91.50, for a total transaction of $775,279.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 19,759 shares of company stock worth $1,840,325. Company insiders own 0.72% of the company’s stock.
NTRS stock opened at $97.63 on Tuesday. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.48. Northern Trust Co. has a twelve month low of $60.67 and a twelve month high of $99.98. The stock has a market capitalization of $20.32 billion, a price-to-earnings ratio of 16.19 and a beta of 1.12. The firm’s fifty day simple moving average is $95.66 and its two-hundred day simple moving average is $88.29.
Northern Trust (NASDAQ:NTRS) last posted its quarterly earnings results on Wednesday, January 20th. The asset manager reported $1.49 EPS for the quarter, hitting the Zacks’ consensus estimate of $1.49. Northern Trust had a net margin of 20.72% and a return on equity of 13.07%. During the same period in the previous year, the firm earned $1.80 EPS. As a group, equities research analysts expect that Northern Trust Co. will post 5.99 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, April 1st. Stockholders of record on Friday, March 12th will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date of this dividend is Thursday, March 11th. Northern Trust’s payout ratio is presently 42.23%.
Northern Trust Company Profile
Northern Trust Corporation, a financial holding company, provides wealth management, asset servicing, asset management, and banking solutions for corporations, institutions, families, and individuals worldwide. It operates in two segments, Corporate & Institutional Services (C&IS) and Wealth Management.
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