Kintegral Advisory LLC Has $987,000 Holdings in Northern Trust Co. (NASDAQ:NTRS)

Kintegral Advisory LLC decreased its position in shares of Northern Trust Co. (NASDAQ:NTRS) by 45.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,564 shares of the asset manager’s stock after selling 9,544 shares during the period. Kintegral Advisory LLC’s holdings in Northern Trust were worth $987,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Olistico Wealth LLC acquired a new position in shares of Northern Trust during the 2nd quarter worth about $25,000. Spartan Planning & Wealth Management lifted its holdings in shares of Northern Trust by 10,566.7% during the fourth quarter. Spartan Planning & Wealth Management now owns 320 shares of the asset manager’s stock worth $27,000 after buying an additional 317 shares during the last quarter. Versant Capital Management Inc boosted its position in shares of Northern Trust by 343.9% in the second quarter. Versant Capital Management Inc now owns 435 shares of the asset manager’s stock valued at $37,000 after acquiring an additional 337 shares during the period. Tributary Capital Management LLC acquired a new stake in shares of Northern Trust in the first quarter worth $53,000. Finally, Quarry LP bought a new position in Northern Trust during the fourth quarter worth $56,000. 83.19% of the stock is currently owned by institutional investors.

Insider Transactions at Northern Trust

In related news, EVP Teresa Parker sold 5,883 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $84.06, for a total value of $494,524.98. Following the completion of the sale, the executive vice president now owns 83,765 shares of the company’s stock, valued at $7,041,285.90. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Northern Trust news, EVP Mark C. Gossett sold 6,000 shares of the company’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $88.90, for a total transaction of $533,400.00. Following the transaction, the executive vice president now directly owns 28,707 shares in the company, valued at approximately $2,552,052.30. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Teresa Parker sold 5,883 shares of Northern Trust stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $84.06, for a total transaction of $494,524.98. Following the sale, the executive vice president now owns 83,765 shares of the company’s stock, valued at approximately $7,041,285.90. The disclosure for this sale can be found here. 0.64% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

NTRS has been the topic of several research analyst reports. Royal Bank of Canada raised their price target on shares of Northern Trust from $86.00 to $90.00 and gave the stock an “outperform” rating in a research report on Thursday, July 18th. Morgan Stanley decreased their target price on Northern Trust from $97.00 to $93.00 and set an “underweight” rating on the stock in a research report on Tuesday, July 30th. The Goldman Sachs Group reduced their price objective on Northern Trust from $94.00 to $84.00 and set a “neutral” rating for the company in a research report on Tuesday, July 2nd. Keefe, Bruyette & Woods decreased their price objective on Northern Trust from $92.00 to $85.00 and set a “market perform” rating on the stock in a report on Thursday, June 27th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on Northern Trust from $85.00 to $84.00 and set a “hold” rating for the company in a research report on Thursday, August 15th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $88.75.

Northern Trust Stock Down 0.3 %

Shares of NTRS opened at $88.65 on Thursday. The company has a market capitalization of $18.14 billion, a P/E ratio of 19.57, a PEG ratio of 1.29 and a beta of 1.10. Northern Trust Co. has a one year low of $62.44 and a one year high of $92.46. The business’s 50 day simple moving average is $85.70 and its 200-day simple moving average is $84.26. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.71 and a quick ratio of 0.71.

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

Northern Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Friday, September 6th will be paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 3.38%. The ex-dividend date of this dividend is Friday, September 6th. Northern Trust’s dividend payout ratio is presently 66.23%.

Northern Trust Company Profile

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.