Northern Trust Co. (NASDAQ:NTRS) Shares Bought by Guggenheim Capital LLC

Guggenheim Capital LLC lifted its position in Northern Trust Co. (NASDAQ:NTRS – Get Rating) by 8.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,835 shares of the asset manager’s stock after purchasing an additional 802 shares during the quarter. Guggenheim Capital LLC’s holdings in Northern Trust were worth $928,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in NTRS. Atria Investments LLC raised its holdings in shares of Northern Trust by 2.2% in the second quarter. Atria Investments LLC now owns 16,454 shares of the asset manager’s stock valued at $1,587,000 after buying an additional 359 shares during the last quarter. Mutual of America Capital Management LLC increased its stake in shares of Northern Trust by 1.6% during the third quarter. Mutual of America Capital Management LLC now owns 28,852 shares of the asset manager’s stock worth $2,469,000 after acquiring an additional 441 shares during the period. Dimensional Fund Advisors LP lifted its position in Northern Trust by 3.3% in the third quarter. Dimensional Fund Advisors LP now owns 1,289,883 shares of the asset manager’s stock valued at $110,376,000 after purchasing an additional 41,016 shares during the period. Victory Capital Management Inc. increased its position in Northern Trust by 39.8% during the 3rd quarter. Victory Capital Management Inc. now owns 1,150,304 shares of the asset manager’s stock worth $98,420,000 after purchasing an additional 327,265 shares during the period. Finally, Archford Capital Strategies LLC lifted its holdings in shares of Northern Trust by 5.4% in the 3rd quarter. Archford Capital Strategies LLC now owns 2,801 shares of the asset manager’s stock valued at $240,000 after buying an additional 144 shares during the period. Institutional investors and hedge funds own 81.44% of the company’s stock.

Wall Street Analysts Forecast Growth

NTRS has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Northern Trust from $95.00 to $90.00 in a research note on Friday, January 20th. The Goldman Sachs Group downgraded shares of Northern Trust from a “buy” rating to a “neutral” rating and dropped their target price for the company from $97.00 to $95.00 in a report on Wednesday, January 4th. Wells Fargo & Company dropped their price objective on shares of Northern Trust from $121.00 to $115.00 in a research note on Tuesday, December 13th. Barclays boosted their price target on Northern Trust from $105.00 to $118.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 3rd. Finally, Morgan Stanley raised their price target on shares of Northern Trust from $97.00 to $101.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 1st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Northern Trust has an average rating of “Hold” and a consensus target price of $101.05.

Insider Activity at Northern Trust

In other Northern Trust news, CFO Jason J. Tyler sold 1,764 shares of the company’s stock in a transaction that occurred on Monday, February 6th. The stock was sold at an average price of $96.98, for a total value of $171,072.72. Following the transaction, the chief financial officer now directly owns 30,470 shares of the company’s stock, valued at approximately $2,954,980.60. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.55% of the stock is currently owned by company insiders.

Northern Trust Trading Down 2.8 %

NASDAQ:NTRS opened at $92.62 on Wednesday. The business’s 50-day moving average is $95.07 and its two-hundred day moving average is $91.55. The firm has a market capitalization of $19.28 billion, a PE ratio of 15.08 and a beta of 1.08. Northern Trust Co. has a 12 month low of $76.15 and a 12 month high of $121.25. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.69 and a quick ratio of 0.69.

Northern Trust (NASDAQ:NTRS – Get Rating) last issued its quarterly earnings data on Thursday, January 19th. The asset manager reported $0.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.81 by ($1.10). Northern Trust had a net margin of 17.24% and a return on equity of 14.89%. The firm had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.75 billion. During the same period last year, the business earned $1.91 EPS. The firm’s revenue was down 8.5% compared to the same quarter last year. Research analysts predict that Northern Trust Co. will post 6.86 earnings per share for the current fiscal year.

Northern Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, April 1st. Investors of record on Friday, March 10th will be paid a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 3.24%. The ex-dividend date of this dividend is Thursday, March 9th. Northern Trust’s dividend payout ratio (DPR) is 48.86%.

Northern Trust Profile

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Northern Trust Corp. is a financial holding company, which engages in the provision of asset servicing, fund administration, asset management, fiduciary, and banking solutions for corporations, institutions, families, and individuals. It operates through the following segments: Corporate & Institutional Services and Wealth Management.