Fifth Third Bancorp maintained its position in shares of Northern Trust Corporation (NASDAQ:NTRS) during the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 15,283 shares of the company’s stock at the end of the fourth quarter. Fifth Third Bancorp’s holdings in Northern Trust Corporation were worth $1,039,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. raised its stake in Northern Trust Corporation by 8.9% in the third quarter. JPMorgan Chase & Co. now owns 8,427,802 shares of the company’s stock worth $573,006,000 after buying an additional 688,812 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in Northern Trust Corporation by 1.3% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 5,489,309 shares of the company’s stock worth $373,218,000 after buying an additional 68,344 shares during the last quarter. BlackRock Fund Advisors raised its stake in Northern Trust Corporation by 4.8% in the third quarter. BlackRock Fund Advisors now owns 3,665,936 shares of the company’s stock worth $249,247,000 after buying an additional 169,173 shares during the last quarter. Burgundy Asset Management Ltd. raised its stake in Northern Trust Corporation by 5.9% in the second quarter. Burgundy Asset Management Ltd. now owns 2,431,383 shares of the company’s stock worth $161,103,000 after buying an additional 135,166 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its stake in Northern Trust Corporation by 0.9% in the third quarter. Ameriprise Financial Inc. now owns 2,128,863 shares of the company’s stock worth $144,761,000 after buying an additional 19,486 shares during the last quarter. 79.48% of the stock is currently owned by institutional investors and hedge funds.
Northern Trust Corporation (NASDAQ:NTRS) opened at 87.34 on Friday. The firm’s 50-day moving average is $86.27 and its 200 day moving average is $77.59. The firm has a market capitalization of $19.97 billion, a price-to-earnings ratio of 20.22 and a beta of 1.05. Northern Trust Corporation has a one year low of $56.78 and a one year high of $91.14.
Northern Trust Corporation (NASDAQ:NTRS) last announced its quarterly earnings data on Wednesday, January 18th. The company reported $1.11 EPS for the quarter, missing the Zacks’ consensus estimate of $1.13 by $0.02. Northern Trust Corporation had a net margin of 19.76% and a return on equity of 11.68%. The company had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.26 billion. During the same period in the previous year, the firm posted $0.99 earnings per share. The business’s revenue for the quarter was up 7.1% on a year-over-year basis. Analysts forecast that Northern Trust Corporation will post $4.71 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Saturday, April 1st. Investors of record on Friday, March 3rd will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date of this dividend is Wednesday, March 1st. Northern Trust Corporation’s payout ratio is presently 35.43%.
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A number of equities research analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Northern Trust Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, November 30th. RBC Capital Markets reaffirmed a “buy” rating on shares of Northern Trust Corporation in a report on Saturday, December 17th. Jefferies Group LLC reaffirmed a “hold” rating and set a $90.00 price target on shares of Northern Trust Corporation in a report on Sunday, December 4th. Finally, Credit Suisse Group assumed coverage on shares of Northern Trust Corporation in a report on Tuesday, November 22nd. They set a “neutral” rating and a $71.00 price target for the company. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. Northern Trust Corporation presently has a consensus rating of “Hold” and an average target price of $78.88.
In related news, EVP Susan Gillian Pembleton sold 7,500 shares of the business’s stock in a transaction that occurred on Friday, December 9th. The shares were sold at an average price of $89.38, for a total transaction of $670,350.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Peter Cherecwich sold 10,211 shares of the business’s stock in a transaction that occurred on Tuesday, November 29th. The shares were sold at an average price of $81.12, for a total transaction of $828,316.32. The disclosure for this sale can be found here. Insiders have sold 112,743 shares of company stock worth $9,396,188 over the last ninety days. 1.90% of the stock is currently owned by insiders.
Northern Trust Corporation Company Profile
Northern Trust Corporation is a financial holding company. The Company provides asset servicing, fund administration, asset management, fiduciary and banking solutions for corporations, institutions, families and individuals around the world. The Company’s segments include Corporate & Institutional Services (C&IS), Wealth Management, and Treasury and Other.
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