Raymond James Trust N.A. increased its stake in shares of Northern Trust Co. (NASDAQ:NTRS) by 15.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,076 shares of the asset manager’s stock after purchasing an additional 541 shares during the quarter. Raymond James Trust N.A.’s holdings in Northern Trust were worth $368,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of NTRS. HC Financial Advisors Inc. boosted its position in shares of Northern Trust by 3.5% during the 3rd quarter. HC Financial Advisors Inc. now owns 31,287 shares of the asset manager’s stock worth $3,195,000 after purchasing an additional 1,046 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Northern Trust by 0.3% during the 3rd 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 in the last quarter. Franklin Resources Inc. bought a new position in shares of Northern Trust during the 3rd quarter worth about $267,000. Renaissance Technologies LLC boosted its position in shares of Northern Trust by 43.9% during the 3rd quarter. Renaissance Technologies LLC now owns 200,998 shares of the asset manager’s stock worth $20,528,000 after purchasing an additional 61,300 shares in the last quarter. Finally, LPL Financial LLC boosted its position in shares of Northern Trust by 9.9% during the 3rd quarter. LPL Financial LLC now owns 14,026 shares of the asset manager’s stock worth $1,432,000 after purchasing an additional 1,261 shares in the last quarter. 78.95% of the stock is owned by hedge funds and other institutional investors.
Shares of NASDAQ NTRS opened at $91.87 on Friday. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $20.07 billion, a P/E ratio of 13.65, a price-to-earnings-growth ratio of 1.21 and a beta of 1.06. Northern Trust Co. has a fifty-two week low of $75.96 and a fifty-two week high of $115.61.
Northern Trust (NASDAQ:NTRS) last posted its quarterly earnings data on Wednesday, January 23rd. The asset manager reported $1.82 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.63 by $0.19. The firm had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.49 billion. Northern Trust had a net margin of 23.37% and a return on equity of 16.62%. The company’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter last year, the business posted $1.51 EPS. As a group, sell-side analysts expect that Northern Trust Co. will post 6.66 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 8th were paid a $0.60 dividend. This is a positive change from Northern Trust’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $2.40 annualized dividend and a yield of 2.61%. Northern Trust’s dividend payout ratio (DPR) is 35.66%.
Several equities analysts recently weighed in on the stock. BidaskClub raised shares of Northern Trust from a “sell” rating to a “hold” rating in a research report on Friday, April 5th. Deutsche Bank raised their price target on shares of Northern Trust from $100.00 to $108.00 and gave the company a “buy” rating in a research report on Friday, March 15th. ValuEngine raised shares of Northern Trust from a “sell” rating to a “hold” rating in a research report on Monday, April 1st. Zacks Investment Research raised shares of Northern Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, March 12th. Finally, Vining Sparks reaffirmed a “buy” rating and issued a $120.00 price target on shares of Northern Trust in a research report on Wednesday, January 23rd. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the stock. Northern Trust has an average rating of “Hold” and an average target price of $110.45.
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About Northern Trust
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, Corporate & Institutional Services (C&IS) and Wealth Management.
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