Federated Investors Inc. PA decreased its position in shares of Northern Trust Co. (NASDAQ:NTRS) by 54.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,412 shares of the asset manager’s stock after selling 6,549 shares during the period. Federated Investors Inc. PA’s holdings in Northern Trust were worth $482,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in NTRS. Artisan Partners Limited Partnership purchased a new position in shares of Northern Trust during the fourth quarter valued at approximately $171,052,000. State Street Corp increased its position in shares of Northern Trust by 8.2% in the fourth quarter. State Street Corp now owns 10,365,351 shares of the asset manager’s stock valued at $923,026,000 after buying an additional 786,008 shares during the period. JPMorgan Chase & Co. increased its position in shares of Northern Trust by 8.9% in the third quarter. JPMorgan Chase & Co. now owns 8,427,802 shares of the asset manager’s stock valued at $573,006,000 after buying an additional 688,812 shares during the period. BTIM Corp. increased its position in shares of Northern Trust by 143.6% in the third quarter. BTIM Corp. now owns 388,093 shares of the asset manager’s stock valued at $26,386,000 after buying an additional 228,763 shares during the period. Finally, Two Sigma Advisers LP increased its position in shares of Northern Trust by 4,212.6% in the third quarter. Two Sigma Advisers LP now owns 217,442 shares of the asset manager’s stock valued at $14,784,000 after buying an additional 212,400 shares during the period. Institutional investors and hedge funds own 79.48% of the company’s stock.
Shares of Northern Trust Co. (NASDAQ:NTRS) traded down 0.11% during mid-day trading on Friday, hitting $87.35. 927,868 shares of the stock traded hands. The firm has a market capitalization of $19.98 billion, a P/E ratio of 20.22 and a beta of 1.05. The company’s 50 day moving average is $87.21 and its 200 day moving average is $83.46. Northern Trust Co. has a one year low of $61.32 and a one year high of $91.14.
Northern Trust (NASDAQ:NTRS) last released its quarterly earnings data on Wednesday, January 18th. The asset manager reported $1.11 earnings per share for the quarter, missing analysts’ consensus estimates of $1.13 by $0.02. The company had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.26 billion. Northern Trust had a net margin of 19.76% and a return on equity of 11.68%. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period last year, the company posted $0.99 EPS. On average, equities analysts expect that Northern Trust Co. will post $4.71 EPS for the current fiscal year.
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Several brokerages recently commented on NTRS. Jefferies Group LLC upgraded shares of Northern Trust from a “hold” rating to a “buy” rating and lifted their target price for the stock from $90.00 to $102.00 in a report on Tuesday, April 11th. Zacks Investment Research downgraded shares of Northern Trust from a “buy” rating to a “hold” rating in a report on Wednesday, January 25th. Barclays PLC raised their price target on shares of Northern Trust from $80.00 to $95.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 3rd. Deutsche Bank AG decreased their price target on shares of Northern Trust from $94.00 to $93.00 and set a “hold” rating on the stock in a research report on Thursday, April 6th. Finally, Raymond James Financial, Inc. restated a “strong-buy” rating and issued a $105.00 price target (up from $83.00) on shares of Northern Trust in a research report on Thursday, December 29th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $84.75.
In other news, insider Clair Joyce St sold 56,991 shares of the stock in a transaction that occurred on Thursday, February 9th. The stock was sold at an average price of $85.08, for a total transaction of $4,848,794.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Jana R. Schreuder sold 63,912 shares of the stock in a transaction that occurred on Thursday, March 16th. The shares were sold at an average price of $90.04, for a total value of $5,754,636.48. The disclosure for this sale can be found here. In the last three months, insiders have sold 267,185 shares of company stock valued at $23,454,043. Insiders own 1.90% of the company’s stock.
About Northern Trust
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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