Blair William & Co. IL Has $17.95 Million Stock Holdings in Northern Trust Corporation $NTRS

Blair William & Co. IL boosted its position in Northern Trust Corporation (NASDAQ:NTRS) by 1.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 141,569 shares of the asset manager’s stock after acquiring an additional 2,480 shares during the period. Blair William & Co. IL owned 0.07% of Northern Trust worth $17,950,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA boosted its stake in shares of Northern Trust by 4.9% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 7,850,088 shares of the asset manager’s stock valued at $774,411,000 after purchasing an additional 363,472 shares during the last quarter. Invesco Ltd. boosted its stake in Northern Trust by 19.3% in the first quarter. Invesco Ltd. now owns 3,443,599 shares of the asset manager’s stock valued at $339,711,000 after acquiring an additional 558,287 shares during the last quarter. American Century Companies Inc. boosted its stake in Northern Trust by 0.7% in the first quarter. American Century Companies Inc. now owns 3,013,123 shares of the asset manager’s stock valued at $297,245,000 after acquiring an additional 20,010 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in Northern Trust by 47.8% during the 1st quarter. Bank of New York Mellon Corp now owns 1,810,816 shares of the asset manager’s stock worth $178,637,000 after acquiring an additional 585,992 shares during the period. Finally, Confluence Investment Management LLC raised its position in shares of Northern Trust by 6.6% during the 2nd quarter. Confluence Investment Management LLC now owns 1,184,610 shares of the asset manager’s stock valued at $150,197,000 after acquiring an additional 72,867 shares during the last quarter. 83.19% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on NTRS shares. Morgan Stanley raised their price target on Northern Trust from $110.00 to $131.00 and gave the stock an “underweight” rating in a research report on Monday, September 29th. TD Cowen started coverage on Northern Trust in a research report on Thursday, September 25th. They set a “buy” rating for the company. Citigroup upped their price target on Northern Trust from $110.00 to $135.00 and gave the company a “neutral” rating in a research note on Friday, September 5th. Wells Fargo & Company lifted their price objective on shares of Northern Trust from $120.00 to $127.00 and gave the stock an “equal weight” rating in a research note on Friday, October 3rd. Finally, Wolfe Research upgraded shares of Northern Trust from an “underperform” rating to a “peer perform” rating in a report on Thursday, July 24th. Four equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, Northern Trust has a consensus rating of “Hold” and a consensus target price of $128.23.

Northern Trust Price Performance

NASDAQ NTRS opened at $124.72 on Friday. The business has a 50 day simple moving average of $129.46 and a 200 day simple moving average of $115.62. Northern Trust Corporation has a 52-week low of $81.62 and a 52-week high of $135.48. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.72 and a current ratio of 0.72. The stock has a market cap of $23.85 billion, a price-to-earnings ratio of 14.66, a PEG ratio of 1.45 and a beta of 1.31.

Northern Trust (NASDAQ:NTRS) last announced its quarterly earnings results on Wednesday, July 23rd. The asset manager reported $2.13 earnings per share for the quarter, beating analysts’ consensus estimates of $2.08 by $0.05. Northern Trust had a net margin of 11.75% and a return on equity of 14.06%. The firm had revenue of $2 billion for the quarter, compared to analyst estimates of $1.96 billion. During the same quarter in the previous year, the firm posted $4.34 earnings per share. The business’s revenue was down 26.4% on a year-over-year basis. Analysts anticipate that Northern Trust Corporation will post 8.27 earnings per share for the current fiscal year.

Northern Trust Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Friday, September 5th were issued a dividend of $0.80 per share. This is a boost from Northern Trust’s previous quarterly dividend of $0.75. The ex-dividend date was Friday, September 5th. This represents a $3.20 dividend on an annualized basis and a yield of 2.6%. Northern Trust’s dividend payout ratio is currently 37.60%.

Insider Activity

In other news, Director Robert Edward Jr. Moritz purchased 256 shares of the business’s stock in a transaction dated Wednesday, August 13th. The shares were bought at an average cost of $126.34 per share, for a total transaction of $32,343.04. Following the completion of the acquisition, the director directly owned 2,525 shares in the company, valued at approximately $319,008.50. This trade represents a 11.28% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.77% of the stock is owned by corporate insiders.

Northern Trust Profile

Northern Trust Corporation, a financial holding company, provides wealth management, asset servicing, asset management, and banking solutions for corporations, institutions, families, and individuals worldwide. It operates in two segments, Asset Servicing and Wealth Management. The Asset Servicing segment offers asset servicing and related services, including custody, fund administration, investment operations outsourcing, investment management, investment risk and analytical services, employee benefit services, securities lending, foreign exchange, treasury management, brokerage services, transition management services, banking, and cash management services.