Cerity Partners LLC Has $66 Million Holdings in Northern Trust Corporation $NTRS

Cerity Partners LLC lessened its position in shares of Northern Trust Corporation (NASDAQ:NTRS) by 9.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 490,353 shares of the asset manager’s stock after selling 53,870 shares during the period. Cerity Partners LLC owned about 0.26% of Northern Trust worth $66,001,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Alliancebernstein L.P. raised its position in Northern Trust by 0.7% in the 1st quarter. Alliancebernstein L.P. now owns 260,354 shares of the asset manager’s stock valued at $25,684,000 after buying an additional 1,746 shares during the last quarter. UniSuper Management Pty Ltd raised its holdings in shares of Northern Trust by 3.8% in the first quarter. UniSuper Management Pty Ltd now owns 24,607 shares of the asset manager’s stock valued at $2,427,000 after purchasing an additional 900 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Northern Trust in the first quarter valued at approximately $670,000. United Services Automobile Association bought a new stake in shares of Northern Trust in the first quarter worth $480,000. Finally, Ascent Group LLC boosted its holdings in Northern Trust by 133.6% during the first quarter. Ascent Group LLC now owns 6,655 shares of the asset manager’s stock worth $657,000 after purchasing an additional 3,806 shares during the last quarter. 83.19% of the stock is currently owned by institutional investors.

Insider Transactions at Northern Trust

In other news, Director Robert Edward Jr. Moritz purchased 3,891 shares of Northern Trust stock in a transaction that occurred on Tuesday, November 4th. The stock was acquired at an average cost of $128.57 per share, for a total transaction of $500,265.87. Following the purchase, the director directly owned 6,686 shares of the company’s stock, valued at $859,619.02. This trade represents a 139.21% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider John Landers sold 766 shares of the stock in a transaction on Monday, November 17th. The stock was sold at an average price of $124.35, for a total value of $95,252.10. Following the transaction, the insider owned 7,313 shares in the company, valued at $909,371.55. The trade was a 9.48% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.77% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Citigroup lifted their price target on shares of Northern Trust from $135.00 to $143.00 and gave the company a “neutral” rating in a research note on Tuesday, December 30th. Wall Street Zen upgraded Northern Trust from a “sell” rating to a “hold” rating in a report on Saturday, December 27th. Wells Fargo & Company increased their price target on Northern Trust from $127.00 to $131.00 and gave the company an “equal weight” rating in a research report on Thursday, October 23rd. Evercore ISI boosted their price target on Northern Trust from $125.00 to $135.00 and gave the stock an “in-line” rating in a research report on Tuesday, September 30th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Northern Trust in a research note on Wednesday, October 8th. Five research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $136.00.

Northern Trust Trading Down 1.0%

Shares of Northern Trust stock opened at $142.62 on Thursday. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.70 and a quick ratio of 0.70. The business has a fifty day simple moving average of $133.70 and a two-hundred day simple moving average of $130.19. Northern Trust Corporation has a 1 year low of $81.62 and a 1 year high of $144.90. The company has a market capitalization of $26.97 billion, a price-to-earnings ratio of 16.62, a P/E/G ratio of 1.43 and a beta of 1.27.

Northern Trust (NASDAQ:NTRS) last issued its quarterly earnings data on Wednesday, October 22nd. The asset manager reported $2.29 earnings per share for the quarter, beating the consensus estimate of $2.26 by $0.03. The company had revenue of $2.03 billion for the quarter, compared to analyst estimates of $2.02 billion. Northern Trust had a net margin of 11.99% and a return on equity of 14.37%. The company’s revenue was up 2.8% on a year-over-year basis. During the same period in the prior year, the firm earned $2.22 earnings per share. Research analysts forecast that Northern Trust Corporation will post 8.27 EPS for the current year.

Northern Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 1st. Shareholders of record on Friday, December 5th were given a dividend of $0.80 per share. The ex-dividend date was Friday, December 5th. This represents a $3.20 annualized dividend and a yield of 2.2%. Northern Trust’s dividend payout ratio (DPR) is 37.30%.

Northern Trust Company Profile

Northern Trust Corporation (NASDAQ: NTRS) is a global financial services firm headquartered in Chicago that provides asset servicing, asset management and wealth management solutions to institutions, corporations and high-net-worth individuals. The company’s core businesses include custody and fund administration, investment operations outsourcing, trust and fiduciary services, private banking, and retirement and defined contribution plan services.

Northern Trust’s product and service offerings span custody and fund accounting, portfolio and performance analytics, securities lending, cash management and foreign exchange, as well as discretionary and non-discretionary investment management.