Personal Capital Advisors Corp boosted its holdings in shares of Northern Trust Co. (NASDAQ:NTRS) by 6.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 216,920 shares of the asset manager’s stock after buying an additional 12,216 shares during the period. Personal Capital Advisors Corp’s holdings in Northern Trust were worth $21,668,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Salem Investment Counselors Inc. boosted its stake in Northern Trust by 8.3% during the second quarter. Salem Investment Counselors Inc. now owns 1,083 shares of the asset manager’s stock valued at $105,000 after buying an additional 83 shares during the period. MPS Loria Financial Planners LLC bought a new stake in Northern Trust during the second quarter valued at $134,000. Sun Life Financial INC boosted its stake in Northern Trust by 15,740.0% during the second quarter. Sun Life Financial INC now owns 1,584 shares of the asset manager’s stock valued at $154,000 after buying an additional 1,574 shares during the period. Cetera Investment Advisers bought a new stake in Northern Trust during the second quarter valued at $205,000. Finally, Prudential PLC bought a new stake in Northern Trust during the second quarter valued at $207,000. 81.70% of the stock is owned by institutional investors.
Several equities research analysts recently issued reports on the company. Sandler O’Neill reissued a “hold” rating and set a $105.00 price objective on shares of Northern Trust in a research note on Wednesday, January 10th. Zacks Investment Research raised Northern Trust from a “hold” rating to a “buy” rating and set a $110.00 price objective for the company in a research note on Tuesday, December 19th. Buckingham Research lifted their price objective on Northern Trust from $95.00 to $97.00 and gave the company a “neutral” rating in a research note on Thursday, October 19th. UBS Group lifted their price objective on Northern Trust from $100.00 to $109.00 and gave the company a “buy” rating in a research note on Thursday, October 19th. Finally, BidaskClub raised Northern Trust from a “hold” rating to a “buy” rating in a research note on Saturday, January 13th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the stock. Northern Trust currently has an average rating of “Hold” and an average target price of $100.20.
Northern Trust (NASDAQ:NTRS) last issued its quarterly earnings results on Wednesday, October 18th. The asset manager reported $1.20 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.12 by $0.08. Northern Trust had a return on equity of 12.33% and a net margin of 20.27%. 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 previous year, the company posted $1.11 earnings per share. The company’s revenue was up 11.2% compared to the same quarter last year. equities analysts expect that Northern Trust Co. will post 4.69 earnings per share for the current fiscal year.
In other Northern Trust news, EVP Clair Joyce St sold 18,489 shares of Northern Trust stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $97.51, for a total transaction of $1,802,862.39. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Vice Chairman William L. Morrison sold 11,058 shares of Northern Trust stock in a transaction dated Wednesday, October 25th. The stock was sold at an average price of $94.34, for a total value of $1,043,211.72. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 137,753 shares of company stock valued at $13,433,361. Corporate insiders own 1.27% of the company’s stock.
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Northern Trust Company Profile
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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