Public Employees Retirement System of Ohio Raises Stock Position in Northern Trust Co. (NASDAQ:NTRS)

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Public Employees Retirement System of Ohio lifted its stake in Northern Trust Co. (NASDAQ:NTRS) by 0.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 68,894 shares of the asset manager’s stock after buying an additional 296 shares during the period. Public Employees Retirement System of Ohio’s holdings in Northern Trust were worth $6,429,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Royal Bank of Scotland Group PLC acquired a new position in Northern Trust in the second quarter valued at $202,000. Strs Ohio boosted its position in Northern Trust by 2.1% during the second quarter. Strs Ohio now owns 6,242 shares of the asset manager’s stock worth $561,000 after purchasing an additional 126 shares during the period. BTIM Corp. grew its holdings in Northern Trust by 3.0% during the second quarter. BTIM Corp. now owns 682,205 shares of the asset manager’s stock valued at $61,398,000 after purchasing an additional 20,001 shares during the last quarter. First Merchants Corp grew its holdings in Northern Trust by 1.8% during the second quarter. First Merchants Corp now owns 45,648 shares of the asset manager’s stock valued at $4,108,000 after purchasing an additional 802 shares during the last quarter. Finally, Virginia Retirement Systems ET AL raised its position in shares of Northern Trust by 5.1% in the second quarter. Virginia Retirement Systems ET AL now owns 412,400 shares of the asset manager’s stock valued at $37,116,000 after purchasing an additional 19,900 shares during the period. 81.83% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Northern Trust stock opened at $106.52 on Tuesday. Northern Trust Co. has a 1 year low of $75.96 and a 1 year high of $108.49. The company’s fifty day simple moving average is $102.90 and its 200-day simple moving average is $93.74. The company has a market cap of $22.72 billion, a price-to-earnings ratio of 15.83, a PEG ratio of 1.72 and a beta of 1.23. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.41.

Northern Trust (NASDAQ:NTRS) last released its earnings results on Wednesday, October 23rd. The asset manager reported $1.69 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.63 by $0.06. Northern Trust had a net margin of 22.10% and a return on equity of 15.66%. The firm had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.52 billion. During the same period in the prior year, the company earned $1.58 EPS. The business’s quarterly revenue was up 4.1% compared to the same quarter last year. As a group, research analysts forecast that Northern Trust Co. will post 6.65 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 1st. Stockholders of record on Friday, December 13th will be issued a dividend of $0.70 per share. The ex-dividend date is Thursday, December 12th. This represents a $2.80 annualized dividend and a dividend yield of 2.63%. Northern Trust’s payout ratio is 41.60%.

Several research firms recently issued reports on NTRS. Deutsche Bank upped their price objective on shares of Northern Trust from $110.00 to $112.00 and gave the stock a “hold” rating in a report on Wednesday, November 27th. ValuEngine downgraded shares of Northern Trust from a “hold” rating to a “sell” rating in a report on Tuesday, October 1st. BidaskClub upgraded shares of Northern Trust from a “hold” rating to a “buy” rating in a report on Thursday, November 7th. Buckingham Research cut their target price on shares of Northern Trust from $118.00 to $112.00 and set a “buy” rating for the company in a research report on Friday, October 4th. Finally, Bank of America upped their price target on shares of Northern Trust from $95.00 to $105.00 and gave the company a “neutral” rating in a report on Thursday, October 24th. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $104.07.

In related news, CFO Biff Bowman sold 13,208 shares of the stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $106.53, for a total value of $1,407,048.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Robert P. Browne sold 11,534 shares of Northern Trust stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $107.85, for a total value of $1,243,941.90. The disclosure for this sale can be found here. Insiders have sold 55,234 shares of company stock valued at $5,771,074 in the last ninety days. 1.15% of the stock is owned by company 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, Corporate & Institutional Services (C&IS) and Wealth Management.

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

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