Maltese Capital Management LLC raised its stake in shares of Northern Trust Co. (NASDAQ:NTRS) by 88.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 85,000 shares of the asset manager’s stock after purchasing an additional 40,000 shares during the period. Maltese Capital Management LLC’s holdings in Northern Trust were worth $8,491,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Field & Main Bank bought a new position in Northern Trust during the 4th quarter worth $100,000. Cerebellum GP LLC bought a new position in Northern Trust during the 4th quarter worth $132,000. MPS Loria Financial Planners LLC bought a new position in shares of Northern Trust in the 2nd quarter worth about $134,000. Cetera Investment Advisers bought a new position in shares of Northern Trust in the 2nd quarter worth about $205,000. Finally, Prudential PLC bought a new position in shares of Northern Trust in the 2nd quarter worth about $207,000. 81.31% of the stock is owned by institutional investors and hedge funds.
In other Northern Trust news, EVP Wilson Leech sold 8,958 shares of Northern Trust stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $106.17, for a total transaction of $951,070.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Vice Chairman Stephen N. Potter sold 7,103 shares of Northern Trust stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $105.55, for a total value of $749,721.65. The disclosure for this sale can be found here. Insiders have sold a total of 186,673 shares of company stock valued at $18,723,553 in the last quarter. Company insiders own 1.27% of the company’s stock.
Northern Trust Co. (NTRS) opened at $97.78 on Tuesday. The stock has a market capitalization of $23,795.07, a PE ratio of 20.27, a price-to-earnings-growth ratio of 1.39 and a beta of 0.99. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.71 and a current ratio of 0.71. Northern Trust Co. has a 12 month low of $83.17 and a 12 month high of $108.91.
Northern Trust (NASDAQ:NTRS) last released its quarterly earnings results on Wednesday, January 24th. The asset manager reported $1.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.30 by $0.05. The business had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.41 billion. Northern Trust had a return on equity of 12.77% and a net margin of 20.98%. The company’s quarterly revenue was up 15.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.11 EPS. equities research analysts expect that Northern Trust Co. will post 6.02 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Sunday, April 1st. Shareholders of record on Friday, March 9th will be paid a dividend of $0.42 per share. The ex-dividend date is Thursday, March 8th. This represents a $1.68 dividend on an annualized basis and a yield of 1.72%. Northern Trust’s dividend payout ratio (DPR) is currently 34.15%.
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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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