Exencial Wealth Advisors LLC cut its holdings in shares of Northern Trust Co. (NASDAQ:NTRS) by 28.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,817 shares of the asset manager’s stock after selling 3,066 shares during the period. Exencial Wealth Advisors LLC’s holdings in Northern Trust were worth $653,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. LS Investment Advisors LLC grew its stake in Northern Trust by 2.3% in the fourth quarter. LS Investment Advisors LLC now owns 5,974 shares of the asset manager’s stock worth $499,000 after purchasing an additional 132 shares during the period. Simmons Bank grew its stake in Northern Trust by 1.1% in the fourth quarter. Simmons Bank now owns 12,616 shares of the asset manager’s stock worth $1,055,000 after purchasing an additional 134 shares during the period. First Mercantile Trust Co. grew its stake in Northern Trust by 63.6% in the fourth quarter. First Mercantile Trust Co. now owns 360 shares of the asset manager’s stock worth $30,000 after purchasing an additional 140 shares during the period. Diversified Trust Co grew its stake in Northern Trust by 4.0% in the fourth quarter. Diversified Trust Co now owns 4,064 shares of the asset manager’s stock worth $340,000 after purchasing an additional 155 shares during the period. Finally, Creative Planning grew its stake in Northern Trust by 1.8% in the fourth quarter. Creative Planning now owns 10,501 shares of the asset manager’s stock worth $878,000 after purchasing an additional 182 shares during the period. 79.91% of the stock is currently owned by hedge funds and other institutional investors.
Northern Trust stock opened at $92.05 on Wednesday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.65 and a current ratio of 0.64. Northern Trust Co. has a 12 month low of $75.96 and a 12 month high of $115.61. The firm has a market capitalization of $20.20 billion, a price-to-earnings ratio of 13.68, a P/E/G ratio of 1.26 and a beta of 1.05.
Northern Trust (NASDAQ:NTRS) last released its earnings results on Wednesday, January 23rd. The asset manager reported $1.82 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.63 by $0.19. Northern Trust had a return on equity of 16.62% and a net margin of 23.37%. The business had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same period in the previous year, the company posted $1.51 earnings per share. The company’s revenue for the quarter was up 5.3% compared to the same quarter last year. On average, research analysts predict that Northern Trust Co. will post 6.62 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Friday, March 8th will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.61%. This is an increase from Northern Trust’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Thursday, March 7th. Northern Trust’s payout ratio is 32.69%.
NTRS has been the topic of several recent research reports. BidaskClub cut Northern Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, October 17th. Buckingham Research reduced their price target on Northern Trust from $119.00 to $114.00 and set a “neutral” rating on the stock in a research note on Thursday, October 18th. Barclays reduced their price target on Northern Trust from $119.00 to $109.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 2nd. Raymond James reduced their price target on Northern Trust from $122.00 to $115.00 and set a “strong-buy” rating on the stock in a research note on Thursday, October 18th. Finally, Sandler O’Neill raised Northern Trust from a “hold” rating to a “buy” rating and set a $114.00 price target on the stock in a research note on Thursday, October 18th. Four analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company. Northern Trust currently has an average rating of “Hold” and an average price target of $111.87.
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About Northern Trust
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.
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