United Capital Financial Advisers LLC Has $7.65 Million Stake in Northern Trust Co. (NASDAQ:NTRS)

United Capital Financial Advisers LLC boosted its holdings in Northern Trust Co. (NASDAQ:NTRSGet Rating) by 65.6% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 79,323 shares of the asset manager’s stock after purchasing an additional 31,429 shares during the quarter. United Capital Financial Advisers LLC’s holdings in Northern Trust were worth $7,653,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of NTRS. Trust Co. of Vermont acquired a new stake in Northern Trust in the 2nd quarter worth about $33,000. LS Investment Advisors LLC acquired a new position in shares of Northern Trust in the 2nd quarter valued at approximately $38,000. Clear Street Markets LLC raised its position in shares of Northern Trust by 411.8% in the 2nd quarter. Clear Street Markets LLC now owns 435 shares of the asset manager’s stock valued at $42,000 after buying an additional 350 shares in the last quarter. CoreCap Advisors LLC acquired a new position in shares of Northern Trust in the 2nd quarter valued at approximately $49,000. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Northern Trust in the 2nd quarter valued at approximately $57,000. Institutional investors and hedge funds own 83.59% of the company’s stock.

Northern Trust Trading Up 0.1 %

NTRS opened at $93.83 on Thursday. Northern Trust Co. has a fifty-two week low of $76.15 and a fifty-two week high of $135.15. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.67 and a quick ratio of 0.67. The firm has a market capitalization of $19.56 billion, a price-to-earnings ratio of 12.78 and a beta of 1.06. The company’s 50 day moving average price is $87.34 and its two-hundred day moving average price is $95.53.

Northern Trust (NASDAQ:NTRSGet Rating) last posted its earnings results on Wednesday, October 19th. The asset manager reported $1.80 earnings per share for the quarter, missing analysts’ consensus estimates of $1.84 by ($0.04). Northern Trust had a return on equity of 15.12% and a net margin of 21.84%. The business had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.76 billion. During the same period in the previous year, the firm earned $1.80 earnings per share. The company’s revenue was up 7.5% compared to the same quarter last year. As a group, research analysts predict that Northern Trust Co. will post 7.19 earnings per share for the current year.

Northern Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, January 1st. Stockholders of record on Friday, December 9th will be paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date is Thursday, December 8th. Northern Trust’s dividend payout ratio is currently 40.87%.

Analyst Upgrades and Downgrades

NTRS has been the subject of several analyst reports. Morgan Stanley dropped their target price on shares of Northern Trust from $108.00 to $94.00 and set an “equal weight” rating for the company in a research report on Thursday, October 20th. Citigroup dropped their target price on shares of Northern Trust from $92.00 to $85.00 and set a “neutral” rating for the company in a research report on Friday, October 21st. Royal Bank of Canada lowered their price objective on shares of Northern Trust from $110.00 to $95.00 and set an “outperform” rating for the company in a research report on Thursday, October 20th. StockNews.com began coverage on shares of Northern Trust in a research report on Wednesday, October 12th. They set a “hold” rating for the company. Finally, The Goldman Sachs Group lowered their price objective on shares of Northern Trust from $114.00 to $101.00 and set a “buy” rating for the company in a research report on Friday, September 30th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $104.79.

Northern Trust Profile

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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.

See Also

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

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