Janus Henderson Group PLC Has $49.35 Million Stake in Northern Trust Co. (NTRS)

Janus Henderson Group PLC lifted its holdings in shares of Northern Trust Co. (NASDAQ:NTRS) by 25.7% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 483,183 shares of the asset manager’s stock after purchasing an additional 98,829 shares during the quarter. Janus Henderson Group PLC’s holdings in Northern Trust were worth $49,348,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of NTRS. Cornerstone Wealth Management LLC acquired a new stake in shares of Northern Trust during the second quarter worth $411,000. Alps Advisors Inc. acquired a new stake in shares of Northern Trust during the second quarter worth $384,000. Piedmont Investment Advisors LLC acquired a new stake in shares of Northern Trust during the second quarter worth $252,000. Aperio Group LLC boosted its holdings in shares of Northern Trust by 9.2% during the second quarter. Aperio Group LLC now owns 136,866 shares of the asset manager’s stock worth $14,082,000 after purchasing an additional 11,517 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Northern Trust by 1.3% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 88,821 shares of the asset manager’s stock worth $9,139,000 after purchasing an additional 1,122 shares during the last quarter. Institutional investors and hedge funds own 77.84% of the company’s stock.

Shares of NTRS opened at $99.23 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.65 and a current ratio of 0.65. The firm has a market capitalization of $21.97 billion, a P/E ratio of 15.85, a PEG ratio of 1.27 and a beta of 0.97. Northern Trust Co. has a twelve month low of $87.98 and a twelve month high of $115.61.

Northern Trust (NASDAQ:NTRS) last issued its earnings results on Wednesday, October 17th. The asset manager reported $1.58 earnings per share for the quarter, missing the consensus estimate of $1.61 by ($0.03). Northern Trust had a return on equity of 15.75% and a net margin of 23.28%. The firm had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.52 billion. During the same period last year, the business posted $1.20 earnings per share. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. Equities research analysts expect that Northern Trust Co. will post 6.59 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 1st. Shareholders of record on Friday, December 14th will be given a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 2.22%. The ex-dividend date is Thursday, December 13th. Northern Trust’s dividend payout ratio (DPR) is presently 45.55%.

Several equities research analysts have recently issued reports on the company. BidaskClub upgraded Northern Trust from a “strong sell” rating to a “sell” rating in a report on Friday, September 21st. Sandler O’Neill raised Northern Trust from a “hold” rating to a “buy” rating and set a $114.00 target price on the stock in a research report on Thursday, October 18th. Wolfe Research assumed coverage on Northern Trust in a research report on Tuesday, September 25th. They issued a “market perform” rating on the stock. Zacks Investment Research lowered Northern Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, September 19th. Finally, UBS Group increased their target price on Northern Trust from $124.00 to $125.00 and gave the stock a “buy” rating in a research report on Monday, October 8th. Eight analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $117.94.

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Northern Trust Company Profile

Northern Trust Corporation, a financial holding company, provides asset servicing, fund administration, asset management, fiduciary, and banking solutions for corporations, institutions, families, and individuals worldwide. It operates through Corporate & Institutional Services (C&IS) and Wealth Management segments.

See Also: Depreciation

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

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