Northern Trust Corporation $NTRS Holdings Trimmed by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL trimmed its position in shares of Northern Trust Corporation (NASDAQ:NTRS) by 3.5% during the 4th quarter, HoldingsChannel reports. The firm owned 163,098 shares of the asset manager’s stock after selling 5,894 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Northern Trust were worth $22,278,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. North Dakota State Investment Board acquired a new stake in shares of Northern Trust during the 4th quarter valued at $890,000. Elyxium Wealth LLC acquired a new stake in shares of Northern Trust during the 4th quarter valued at $34,000. Abacus Wealth Partners LLC acquired a new stake in shares of Northern Trust during the 4th quarter valued at $611,000. Soltis Investment Advisors LLC acquired a new stake in shares of Northern Trust during the 4th quarter valued at $205,000. Finally, Canada Post Corp Registered Pension Plan boosted its stake in shares of Northern Trust by 26.8% during the 4th quarter. Canada Post Corp Registered Pension Plan now owns 4,822 shares of the asset manager’s stock valued at $659,000 after buying an additional 1,020 shares during the period. Institutional investors and hedge funds own 83.19% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on NTRS shares. Weiss Ratings raised shares of Northern Trust from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 4th. Zacks Research raised shares of Northern Trust from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. Morgan Stanley lifted their target price on shares of Northern Trust from $131.00 to $140.00 and gave the company an “underweight” rating in a research note on Friday, January 23rd. Barclays lifted their target price on shares of Northern Trust from $160.00 to $176.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 22nd. Finally, BMO Capital Markets raised shares of Northern Trust from a “market perform” rating to an “outperform” rating and set a $168.00 target price for the company in a research note on Monday, April 6th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $164.08.

Northern Trust Stock Up 0.9%

Northern Trust stock opened at $165.27 on Tuesday. The firm has a market cap of $30.58 billion, a price-to-earnings ratio of 17.31, a P/E/G ratio of 1.17 and a beta of 1.27. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.62 and a quick ratio of 0.62. Northern Trust Corporation has a fifty-two week low of $104.09 and a fifty-two week high of $173.18. The firm has a fifty day moving average price of $150.96 and a two-hundred day moving average price of $143.54.

Northern Trust (NASDAQ:NTRS) last released its earnings results on Tuesday, April 21st. The asset manager reported $2.71 earnings per share for the quarter, topping analysts’ consensus estimates of $2.37 by $0.34. The firm had revenue of $2.21 billion during the quarter, compared to analyst estimates of $2.13 billion. Northern Trust had a net margin of 12.84% and a return on equity of 15.94%. The business’s revenue was up 13.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.90 EPS. As a group, analysts forecast that Northern Trust Corporation will post 10.68 earnings per share for the current year.

Northern Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Friday, June 5th will be given a dividend of $0.80 per share. The ex-dividend date of this dividend is Friday, June 5th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.9%. Northern Trust’s dividend payout ratio is currently 33.51%.

Insider Activity at Northern Trust

In other news, insider Clive Bellows sold 2,800 shares of the company’s stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $165.02, for a total transaction of $462,056.00. Following the completion of the transaction, the insider owned 28,217 shares of the company’s stock, valued at approximately $4,656,369.34. This represents a 9.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Guy Gibson sold 3,009 shares of the company’s stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $142.39, for a total transaction of $428,451.51. Following the transaction, the insider directly owned 29,332 shares of the company’s stock, valued at $4,176,583.48. This represents a 9.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 30,514 shares of company stock worth $4,890,937 over the last ninety days. Corporate insiders own 0.66% of the company’s stock.

Northern Trust Company Profile

Northern Trust Corporation (NASDAQ: NTRS) is a global financial services firm headquartered in Chicago that provides asset servicing, asset management and wealth management solutions to institutions, corporations and high-net-worth individuals. The company’s core businesses include custody and fund administration, investment operations outsourcing, trust and fiduciary services, private banking, and retirement and defined contribution plan services.

Northern Trust’s product and service offerings span custody and fund accounting, portfolio and performance analytics, securities lending, cash management and foreign exchange, as well as discretionary and non-discretionary investment management.