Northern Trust Co. (NASDAQ:NTRS) Holdings Lifted by Versant Capital Management Inc

Versant Capital Management Inc boosted its position in shares of Northern Trust Co. (NASDAQ:NTRS) by 343.9% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 435 shares of the asset manager’s stock after buying an additional 337 shares during the quarter. Versant Capital Management Inc’s holdings in Northern Trust were worth $37,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of NTRS. Mather Group LLC. lifted its stake in Northern Trust by 3.6% in the 4th quarter. Mather Group LLC. now owns 4,271 shares of the asset manager’s stock worth $360,000 after acquiring an additional 147 shares in the last quarter. Aviance Capital Partners LLC lifted its stake in Northern Trust by 1.8% in the 4th quarter. Aviance Capital Partners LLC now owns 8,585 shares of the asset manager’s stock worth $724,000 after acquiring an additional 150 shares in the last quarter. Massmutual Trust Co. FSB ADV lifted its stake in Northern Trust by 23.1% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 805 shares of the asset manager’s stock worth $68,000 after acquiring an additional 151 shares in the last quarter. Harvest Investment Advisors LLC lifted its stake in Northern Trust by 1.0% in the 4th quarter. Harvest Investment Advisors LLC now owns 16,291 shares of the asset manager’s stock worth $1,375,000 after acquiring an additional 160 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its stake in Northern Trust by 2.4% in the 1st quarter. Assenagon Asset Management S.A. now owns 7,464 shares of the asset manager’s stock worth $664,000 after acquiring an additional 172 shares in the last quarter. Institutional investors own 83.19% of the company’s stock.

Insider Activity

In other news, insider Peter Cherecwich sold 12,000 shares of the business’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $87.09, for a total value of $1,045,080.00. Following the sale, the insider now directly owns 31,471 shares in the company, valued at $2,740,809.39. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.64% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Jefferies Financial Group upped their target price on Northern Trust from $101.00 to $103.00 and gave the stock a “buy” rating in a research report on Thursday, April 18th. The Goldman Sachs Group lowered their price objective on Northern Trust from $94.00 to $84.00 and set a “neutral” rating on the stock in a report on Tuesday, July 2nd. Royal Bank of Canada increased their price objective on Northern Trust from $86.00 to $90.00 and gave the company an “outperform” rating in a report on Thursday, July 18th. Morgan Stanley lowered their price objective on Northern Trust from $97.00 to $93.00 and set an “underweight” rating on the stock in a report on Tuesday, July 30th. Finally, Bank of America increased their price objective on Northern Trust from $93.00 to $101.00 and gave the company a “buy” rating in a report on Wednesday, April 17th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $87.33.

Northern Trust Trading Up 2.1 %

Shares of Northern Trust stock traded up $1.73 during trading on Wednesday, reaching $84.83. 170,751 shares of the company were exchanged, compared to its average volume of 1,360,249. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.58. Northern Trust Co. has a twelve month low of $62.44 and a twelve month high of $92.46. The business has a 50-day moving average price of $84.60 and a 200-day moving average price of $83.63. The firm has a market capitalization of $17.36 billion, a price-to-earnings ratio of 18.34, a P/E/G ratio of 1.29 and a beta of 1.10.

Northern Trust (NASDAQ:NTRS) last posted its earnings results on Wednesday, July 17th. The asset manager reported $1.78 earnings per share for the quarter, topping the consensus estimate of $1.75 by $0.03. The firm had revenue of $2.72 billion for the quarter, compared to analyst estimates of $1.84 billion. Northern Trust had a return on equity of 12.24% and a net margin of 10.53%. The company’s revenue for the quarter was up 53.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.79 earnings per share. Sell-side analysts anticipate that Northern Trust Co. will post 7.02 EPS for the current fiscal year.

Northern Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Friday, September 6th will be issued a $0.75 dividend. The ex-dividend date is Friday, September 6th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 3.54%. Northern Trust’s dividend payout ratio (DPR) is 66.23%.

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, 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.