Douglass Winthrop Advisors LLC Cuts Stock Holdings in Northern Trust Corporation $NTRS

Douglass Winthrop Advisors LLC lowered its position in Northern Trust Corporation (NASDAQ:NTRS) by 33.3% in the third quarter, Holdings Channel.com reports. The firm owned 8,001 shares of the asset manager’s stock after selling 3,999 shares during the quarter. Douglass Winthrop Advisors LLC’s holdings in Northern Trust were worth $1,077,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. AlphaCore Capital LLC increased its position in Northern Trust by 87.4% during the 2nd quarter. AlphaCore Capital LLC now owns 208 shares of the asset manager’s stock worth $27,000 after purchasing an additional 97 shares during the period. Clearstead Trust LLC acquired a new stake in shares of Northern Trust in the 2nd quarter valued at approximately $29,000. Caldwell Trust Co purchased a new stake in shares of Northern Trust in the second quarter valued at approximately $48,000. SJS Investment Consulting Inc. boosted its stake in shares of Northern Trust by 2,650.0% in the third quarter. SJS Investment Consulting Inc. now owns 385 shares of the asset manager’s stock valued at $52,000 after buying an additional 371 shares in the last quarter. Finally, CYBER HORNET ETFs LLC acquired a new position in Northern Trust during the second quarter worth $67,000. Hedge funds and other institutional investors own 83.19% of the company’s stock.

Insider Activity at Northern Trust

In other Northern Trust news, CFO David W. Fox, Jr. sold 3,255 shares of the company’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $143.89, for a total value of $468,361.95. Following the sale, the chief financial officer owned 14,552 shares of the company’s stock, valued at $2,093,887.28. This represents a 18.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard Petrino purchased 1,000 shares of the stock in a transaction dated Thursday, February 5th. The stock was acquired at an average price of $148.91 per share, for a total transaction of $148,910.00. Following the completion of the transaction, the director directly owned 3,332 shares of the company’s stock, valued at approximately $496,168.12. The trade was a 42.88% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have sold a total of 34,905 shares of company stock valued at $5,166,714 in the last quarter. 0.77% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

NTRS has been the subject of a number of recent analyst reports. Wall Street Zen raised Northern Trust from a “sell” rating to a “hold” rating in a report on Saturday, December 27th. Wells Fargo & Company upped their price target on shares of Northern Trust from $145.00 to $150.00 and gave the stock an “equal weight” rating in a research note on Friday, January 23rd. Evercore increased their price target on shares of Northern Trust from $142.00 to $155.00 and gave the company an “in-line” rating in a report on Friday, January 23rd. Zacks Research upgraded shares of Northern Trust from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 23rd. Finally, Morgan Stanley upped their target price on shares of Northern Trust from $131.00 to $140.00 and gave the stock an “underweight” rating in a research report on Friday, January 23rd. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, Northern Trust has an average rating of “Hold” and a consensus price target of $148.75.

Northern Trust Stock Down 2.6%

Northern Trust stock opened at $137.30 on Friday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.69 and a current ratio of 0.69. The firm has a market capitalization of $25.51 billion, a price-to-earnings ratio of 15.71, a price-to-earnings-growth ratio of 1.12 and a beta of 1.27. Northern Trust Corporation has a fifty-two week low of $81.62 and a fifty-two week high of $157.60. The stock’s fifty day moving average is $145.71 and its two-hundred day moving average is $136.26.

Northern Trust (NASDAQ:NTRS) last announced its quarterly earnings results on Friday, January 30th. The asset manager reported $2.42 earnings per share for the quarter, beating analysts’ consensus estimates of $2.37 by $0.05. The business had revenue of $3.15 billion during the quarter. Northern Trust had a return on equity of 14.87% and a net margin of 12.15%.The company’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.26 EPS. Analysts predict that Northern Trust Corporation will post 8.27 EPS for the current fiscal year.

Northern Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Friday, March 6th will be issued a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 2.3%. The ex-dividend date is Friday, March 6th. Northern Trust’s dividend payout ratio (DPR) is 36.61%.

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.