BI Asset Management Fondsmaeglerselskab A S Has $1.87 Million Holdings in Northern Trust Corporation $NTRS

BI Asset Management Fondsmaeglerselskab A S boosted its holdings in shares of Northern Trust Corporation (NASDAQ:NTRS) by 49.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,920 shares of the asset manager’s stock after buying an additional 4,577 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Northern Trust were worth $1,874,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Norges Bank bought a new stake in shares of Northern Trust during the 2nd quarter worth $276,087,000. Primecap Management Co. CA lifted its position in Northern Trust by 19.5% during the 2nd quarter. Primecap Management Co. CA now owns 7,793,757 shares of the asset manager’s stock worth $988,170,000 after acquiring an additional 1,270,748 shares during the last quarter. Marshall Wace LLP boosted its holdings in Northern Trust by 2,397.3% during the second quarter. Marshall Wace LLP now owns 657,026 shares of the asset manager’s stock valued at $83,304,000 after acquiring an additional 630,717 shares during the period. Rokos Capital Management LLP acquired a new stake in shares of Northern Trust in the second quarter valued at about $73,888,000. Finally, LSV Asset Management increased its stake in shares of Northern Trust by 154.0% in the second quarter. LSV Asset Management now owns 805,990 shares of the asset manager’s stock worth $102,191,000 after purchasing an additional 488,690 shares during the period. Institutional investors own 83.19% of the company’s stock.

Northern Trust Trading Up 3.2%

NASDAQ NTRS opened at $152.15 on Monday. Northern Trust Corporation has a 52 week low of $81.62 and a 52 week high of $157.60. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.70 and a current ratio of 0.69. The stock’s 50 day moving average price is $142.32 and its two-hundred day moving average price is $133.61. The stock has a market capitalization of $28.77 billion, a price-to-earnings ratio of 17.41, a PEG ratio of 1.23 and a beta of 1.27.

Northern Trust (NASDAQ:NTRS) last announced its quarterly earnings data on Friday, January 30th. The asset manager reported $2.42 EPS for the quarter, topping analysts’ consensus estimates of $2.37 by $0.05. Northern Trust had a net margin of 12.15% and a return on equity of 14.87%. The business had revenue of $3.15 billion for the quarter. During the same period in the prior year, the firm earned $2.26 EPS. The business’s revenue for the quarter was up 8.4% compared to the same quarter last year. As a group, analysts anticipate that Northern Trust Corporation will post 8.27 earnings per share for the current fiscal year.

Northern Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Friday, March 6th will be given a $0.80 dividend. The ex-dividend date of this dividend is Friday, March 6th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.1%. Northern Trust’s payout ratio is currently 36.61%.

Insider Buying and Selling

In other news, Director Richard Petrino purchased 1,000 shares of the company’s stock in a transaction on Thursday, February 5th. The shares were purchased at an average cost of $148.91 per share, with a total value of $148,910.00. Following the completion of the transaction, the director owned 3,332 shares of the company’s stock, valued at $496,168.12. The trade was a 42.88% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John Landers sold 766 shares of the stock in a transaction on Monday, November 17th. The shares were sold at an average price of $124.35, for a total transaction of $95,252.10. Following the completion of the sale, the insider owned 7,313 shares of the company’s stock, valued at approximately $909,371.55. This represents a 9.48% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.77% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on NTRS. The Goldman Sachs Group increased their target price on shares of Northern Trust from $130.00 to $148.00 and gave the company a “sell” rating in a research note on Wednesday, January 28th. Wells Fargo & Company raised their target price on Northern Trust from $145.00 to $150.00 and gave the stock an “equal weight” rating in a research report on Friday, January 23rd. Weiss Ratings restated a “buy (b-)” rating on shares of Northern Trust in a research note on Thursday, January 22nd. Evercore lifted their target price on shares of Northern Trust from $142.00 to $155.00 and gave the company an “in-line” rating in a research report on Friday, January 23rd. Finally, Keefe, Bruyette & Woods increased their price target on shares of Northern Trust from $123.00 to $125.00 and gave the stock an “underperform” rating in a research report on Thursday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, seven have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, Northern Trust presently has a consensus rating of “Hold” and a consensus price target of $148.75.

Northern Trust 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.