Northern Trust Co. (NTRS) Holdings Lifted by KBC Group NV

KBC Group NV boosted its stake in shares of Northern Trust Co. (NASDAQ:NTRS) by 37.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 63,743 shares of the asset manager’s stock after buying an additional 17,293 shares during the quarter. KBC Group NV’s holdings in Northern Trust were worth $5,860,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Northern Trust by 7,106.6% in the second quarter. Arrowstreet Capital Limited Partnership now owns 526,081 shares of the asset manager’s stock valued at $51,140,000 after purchasing an additional 518,781 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Northern Trust by 2.6% in the second quarter. Vanguard Group Inc. now owns 14,255,623 shares of the asset manager’s stock valued at $1,385,789,000 after purchasing an additional 363,691 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Northern Trust by 18.4% in the second quarter. Wells Fargo & Company MN now owns 1,925,499 shares of the asset manager’s stock valued at $187,177,000 after purchasing an additional 299,230 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Northern Trust by 14.9% in the third quarter. Bank of New York Mellon Corp now owns 1,965,535 shares of the asset manager’s stock valued at $180,691,000 after purchasing an additional 255,106 shares in the last quarter. Finally, Cortland Advisers LLC lifted its holdings in shares of Northern Trust by 355.3% in the second quarter. Cortland Advisers LLC now owns 302,078 shares of the asset manager’s stock valued at $29,365,000 after purchasing an additional 235,727 shares in the last quarter. Institutional investors own 81.75% of the company’s stock.

In related news, EVP Robert P. Browne sold 11,000 shares of the company’s stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $90.21, for a total transaction of $992,310.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Jana R. Schreuder sold 5,581 shares of the company’s stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $90.00, for a total transaction of $502,290.00. The disclosure for this sale can be found here. Insiders have sold 449,963 shares of company stock valued at $42,798,613 in the last ninety days. 1.27% of the stock is currently owned by company insiders.

Northern Trust Co. (NASDAQ:NTRS) opened at $96.95 on Wednesday. Northern Trust Co. has a 52-week low of $81.92 and a 52-week high of $99.66. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.71 and a current ratio of 0.71. The company has a market cap of $22,209.95, a P/E ratio of 21.32, a P/E/G ratio of 2.16 and a beta of 0.96.

Northern Trust (NASDAQ:NTRS) last issued its quarterly earnings results on Wednesday, October 18th. The asset manager reported $1.20 EPS for the quarter, topping the consensus estimate of $1.12 by $0.08. Northern Trust 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 analyst estimates of $1.35 billion. During the same quarter in the prior year, the business posted $1.11 earnings per share. Northern Trust’s revenue for the quarter was up 11.2% compared to the same quarter last year. equities research analysts expect that Northern Trust Co. will post 4.68 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, January 1st. Investors of record on Friday, December 1st will be given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 1.73%. The ex-dividend date of this dividend is Thursday, November 30th. Northern Trust’s dividend payout ratio (DPR) is 37.17%.

NTRS has been the topic of several recent research reports. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $97.00 price target on shares of Northern Trust in a report on Friday, August 18th. Bank of America set a $102.00 price objective on shares of Northern Trust and gave the company a “buy” rating in a research note on Thursday, October 19th. Zacks Investment Research downgraded shares of Northern Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. Morgan Stanley upped their price objective on shares of Northern Trust from $83.00 to $91.00 and gave the company an “underweight” rating in a research note on Thursday, October 19th. Finally, Citigroup reissued a “neutral” rating and set a $92.00 price objective (up previously from $90.00) on shares of Northern Trust in a research note on Monday, October 9th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and an average target price of $97.07.

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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.

Institutional Ownership by Quarter for Northern Trust (NASDAQ:NTRS)

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