American Trust Decreases Stock Holdings in Northern Trust Co. (NASDAQ:NTRS)

American Trust trimmed its stake in shares of Northern Trust Co. (NASDAQ:NTRS – Get Rating) by 2.8% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,454 shares of the asset manager’s stock after selling 128 shares during the period. American Trust’s holdings in Northern Trust were worth $381,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in NTRS. Atria Investments LLC grew its position in Northern Trust by 2.2% during 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 period. Mutual of America Capital Management LLC grew its position in 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 valued at $2,469,000 after buying an additional 441 shares during the period. Dimensional Fund Advisors LP grew its position in Northern Trust by 3.3% during 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 buying an additional 41,016 shares during the period. Victory Capital Management Inc. grew its position in Northern Trust by 39.8% during the third quarter. Victory Capital Management Inc. now owns 1,150,304 shares of the asset manager’s stock valued at $98,420,000 after buying an additional 327,265 shares during the period. Finally, Archford Capital Strategies LLC grew its position in Northern Trust by 5.4% during the third 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. 81.44% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Northern Trust

In related news, EVP Lauren E. Allnutt sold 559 shares of the company’s stock in a transaction on Thursday, March 9th. The shares were sold at an average price of $87.30, for a total transaction of $48,800.70. Following the sale, the executive vice president now owns 5,576 shares of the company’s stock, valued at $486,784.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CFO Jason J. Tyler sold 1,764 shares of the stock in a transaction on Monday, February 6th. The shares were sold at an average price of $96.98, for a total value of $171,072.72. Following the sale, the chief financial officer now owns 30,470 shares of the company’s stock, valued at $2,954,980.60. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Lauren E. Allnutt sold 559 shares of the stock in a transaction on Thursday, March 9th. The shares were sold at an average price of $87.30, for a total transaction of $48,800.70. Following the completion of the sale, the executive vice president now directly owns 5,576 shares in the company, valued at approximately $486,784.80. The disclosure for this sale can be found here. 0.55% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft cut their target price on shares of Northern Trust from $95.00 to $90.00 in a research report on Friday, January 20th. The Goldman Sachs Group lowered shares of Northern Trust from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $97.00 to $95.00 in a research report on Wednesday, January 4th. StockNews.com started coverage on shares of Northern Trust in a research report on Thursday. They issued a “hold” rating for the company. Morgan Stanley upped 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 report on Wednesday, February 1st. Finally, Wells Fargo & Company dropped their price target on shares of Northern Trust from $121.00 to $115.00 in a research report on Tuesday, December 13th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $101.05.

Northern Trust Price Performance

NTRS stock opened at $85.62 on Friday. Northern Trust Co. has a one year low of $76.15 and a one year high of $121.25. The company’s fifty day moving average price is $94.60 and its 200-day moving average price is $91.07. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.69 and a current ratio of 0.69. The company has a market capitalization of $17.83 billion, a PE ratio of 13.94 and a beta of 1.08.

Northern Trust (NASDAQ:NTRS – Get Rating) last released its quarterly earnings results on Thursday, January 19th. The asset manager reported $0.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.81 by ($1.10). The business had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.75 billion. Northern Trust had a net margin of 17.24% and a return on equity of 14.89%. Northern Trust’s revenue for the quarter was down 8.5% compared to the same quarter last year. During the same period in the previous year, the company earned $1.91 EPS. On average, equities analysts anticipate that Northern Trust Co. will post 6.86 EPS 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 dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 3.50%. The ex-dividend date of this dividend is Thursday, March 9th. Northern Trust’s payout ratio is 48.86%.

Northern Trust Company 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.