Sumitomo Mitsui Trust Holdings Inc. Has $57.36 Million Holdings in Northern Trust Corporation (NTRS)

Sumitomo Mitsui Trust Holdings Inc. lessened its holdings in Northern Trust Corporation (NASDAQ:NTRS) by 0.7% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 623,896 shares of the asset manager’s stock after selling 4,098 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned 0.27% of Northern Trust Corporation worth $57,355,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Tdam USA Inc. increased its stake in Northern Trust Corporation by 0.4% in the 2nd quarter. Tdam USA Inc. now owns 2,629 shares of the asset manager’s stock worth $255,000 after buying an additional 10 shares in the last quarter. Creative Planning increased its stake in Northern Trust Corporation by 0.8% in the 2nd quarter. Creative Planning now owns 2,374 shares of the asset manager’s stock worth $231,000 after buying an additional 20 shares in the last quarter. Wetherby Asset Management Inc. increased its stake in Northern Trust Corporation by 0.5% in the 2nd quarter. Wetherby Asset Management Inc. now owns 5,867 shares of the asset manager’s stock worth $570,000 after buying an additional 27 shares in the last quarter. Veritable L.P. increased its stake in Northern Trust Corporation by 0.5% in the 2nd quarter. Veritable L.P. now owns 7,941 shares of the asset manager’s stock worth $772,000 after buying an additional 42 shares in the last quarter. Finally, Conning Inc. increased its stake in Northern Trust Corporation by 0.8% in the 2nd quarter. Conning Inc. now owns 6,263 shares of the asset manager’s stock worth $609,000 after buying an additional 50 shares in the last quarter. Institutional investors and hedge funds own 82.00% of the company’s stock.

In related news, insider Clair Joyce St sold 13,814 shares of the stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $89.32, for a total value of $1,233,866.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Vice Chairman William L. Morrison sold 11,058 shares of the stock in a transaction dated Wednesday, October 25th. The shares were sold at an average price of $94.34, for a total transaction of $1,043,211.72. The disclosure for this sale can be found here. In the last ninety days, insiders sold 338,082 shares of company stock valued at $31,732,330. 1.27% of the stock is owned by insiders.

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A number of brokerages have issued reports on NTRS. BidaskClub upgraded Northern Trust Corporation from a “sell” rating to a “hold” rating in a research note on Friday, August 11th. Zacks Investment Research lowered Northern Trust Corporation from a “hold” rating to a “sell” rating in a research note on Monday, August 28th. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and issued a $86.00 price target (down previously from $91.00) on shares of Northern Trust Corporation in a research note on Saturday, July 22nd. Wells Fargo & Company started coverage on Northern Trust Corporation in a research note on Wednesday, August 9th. They issued a “market perform” rating and a $90.00 price target for the company. Finally, UBS AG raised their price objective on Northern Trust Corporation from $100.00 to $109.00 and gave the company a “buy” rating in a research report on Thursday, October 19th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Northern Trust Corporation has a consensus rating of “Hold” and an average price target of $97.07.

Northern Trust Corporation (NTRS) opened at $94.07 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.71 and a quick ratio of 0.71. Northern Trust Corporation has a 1-year low of $80.49 and a 1-year high of $99.30. The company has a market cap of $21,393.49, a PE ratio of 20.54, a P/E/G ratio of 2.08 and a beta of 0.96.

Northern Trust Corporation (NASDAQ:NTRS) last announced its quarterly earnings results on Wednesday, October 18th. The asset manager reported $1.20 EPS for the quarter, beating the Zacks’ consensus estimate of $1.12 by $0.08. Northern Trust Corporation had a net margin of 20.27% and a return on equity of 12.33%. The firm had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.35 billion. During the same quarter last year, the firm earned $1.11 EPS. The firm’s revenue for the quarter was up 11.2% compared to the same quarter last year. research analysts expect that Northern Trust Corporation will post 4.68 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 1st. Investors of record on Friday, December 1st will be issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date of this dividend is Thursday, November 30th. Northern Trust Corporation’s payout ratio is 37.17%.

About Northern Trust Corporation

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 Corporation (NASDAQ:NTRS)

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