Private Advisor Group LLC increased its stake in Northern Trust Co. (NASDAQ:NTRS) by 11.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,115 shares of the asset manager’s stock after acquiring an additional 328 shares during the period. Private Advisor Group LLC’s holdings in Northern Trust were worth $261,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc grew its position in Northern Trust by 3.5% in the third quarter. Vanguard Group Inc now owns 15,444,690 shares of the asset manager’s stock worth $1,577,366,000 after acquiring an additional 517,705 shares in the last quarter. BlackRock Inc. lifted its stake in Northern Trust by 1.5% in the fourth quarter. BlackRock Inc. now owns 14,047,694 shares of the asset manager’s stock worth $1,174,248,000 after purchasing an additional 204,918 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Northern Trust by 0.3% in the third quarter. JPMorgan Chase & Co. now owns 7,206,618 shares of the asset manager’s stock worth $736,014,000 after purchasing an additional 22,537 shares during the last quarter. Primecap Management Co. CA lifted its stake in Northern Trust by 3.7% in the third quarter. Primecap Management Co. CA now owns 3,401,381 shares of the asset manager’s stock worth $347,383,000 after purchasing an additional 121,014 shares during the last quarter. Finally, Morgan Stanley lifted its stake in Northern Trust by 112.2% in the third quarter. Morgan Stanley now owns 1,933,544 shares of the asset manager’s stock worth $197,472,000 after purchasing an additional 1,022,270 shares during the last quarter. Institutional investors own 77.28% of the company’s stock.
Northern Trust stock opened at $94.49 on Friday. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.35. Northern Trust Co. has a fifty-two week low of $75.96 and a fifty-two week high of $115.61. The company has a market cap of $19.69 billion, a PE ratio of 14.04, a P/E/G ratio of 1.27 and a beta of 1.07.
Northern Trust (NASDAQ:NTRS) last posted its quarterly earnings results on Wednesday, January 23rd. The asset manager reported $1.82 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.63 by $0.19. Northern Trust had a net margin of 23.37% and a return on equity of 16.62%. The firm had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter in the previous year, the firm posted $1.51 earnings per share. The company’s revenue was up 5.3% on a year-over-year basis. On average, sell-side analysts predict that Northern Trust Co. will post 6.6 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 1st. Stockholders of record on Friday, March 8th will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 2.54%. The ex-dividend date is Thursday, March 7th. This is an increase from Northern Trust’s previous quarterly dividend of $0.55. Northern Trust’s payout ratio is currently 35.66%.
Several analysts have issued reports on NTRS shares. Credit Suisse Group reissued a “hold” rating and issued a $101.00 price objective on shares of Northern Trust in a research note on Tuesday, February 19th. Barclays decreased their price objective on shares of Northern Trust from $119.00 to $109.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 2nd. Zacks Investment Research downgraded shares of Northern Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, December 19th. Buckingham Research raised shares of Northern Trust from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $104.00 to $115.00 in a research note on Thursday. Finally, Jefferies Financial Group downgraded shares of Northern Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, January 8th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $111.70.
ILLEGAL ACTIVITY NOTICE: This article was originally published by Zolmax and is the property of of Zolmax. If you are reading this article on another site, it was illegally stolen and republished in violation of U.S. and international trademark & copyright law. The legal version of this article can be viewed at https://zolmax.com/investing/private-advisor-group-llc-buys-328-shares-of-northern-trust-co-ntrs/2965017.html.
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.
Featured Story: Options Trading
Want to see what other hedge funds are holding NTRS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Northern Trust Co. (NASDAQ:NTRS).
Receive News & Ratings for Northern Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northern Trust and related companies with MarketBeat.com's FREE daily email newsletter.