ABN Amro Investment Solutions Has $4.52 Million Stake in Northern Trust Corporation $NTRS

ABN Amro Investment Solutions lowered its position in Northern Trust Corporation (NASDAQ:NTRS) by 31.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 33,575 shares of the asset manager’s stock after selling 15,410 shares during the quarter. ABN Amro Investment Solutions’ holdings in Northern Trust were worth $4,519,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Empowered Funds LLC raised its position in Northern Trust by 13.3% during the 1st quarter. Empowered Funds LLC now owns 20,112 shares of the asset manager’s stock worth $1,984,000 after purchasing an additional 2,363 shares during the last quarter. Woodline Partners LP increased its position in shares of Northern Trust by 39.1% during the first quarter. Woodline Partners LP now owns 16,557 shares of the asset manager’s stock worth $1,633,000 after buying an additional 4,653 shares during the period. Sagespring Wealth Partners LLC acquired a new position in Northern Trust in the second quarter valued at $207,000. Harbour Investments Inc. boosted its position in Northern Trust by 10.0% during the second quarter. Harbour Investments Inc. now owns 1,032 shares of the asset manager’s stock valued at $131,000 after acquiring an additional 94 shares during the last quarter. Finally, Nordea Investment Management AB grew its holdings in Northern Trust by 8.9% during the 2nd quarter. Nordea Investment Management AB now owns 16,530 shares of the asset manager’s stock worth $2,086,000 after acquiring an additional 1,349 shares during the period. 83.19% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently commented on NTRS. Weiss Ratings restated a “buy (b-)” rating on shares of Northern Trust in a research report on Thursday, January 22nd. The Goldman Sachs Group lifted their price objective 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. Morgan Stanley increased their target price on shares of Northern Trust from $131.00 to $140.00 and gave the stock an “underweight” rating in a research note on Friday, January 23rd. Wells Fargo & Company upped their price objective on shares of Northern Trust from $145.00 to $150.00 and gave the company an “equal weight” rating in a report on Friday, January 23rd. Finally, Keefe, Bruyette & Woods boosted their target price on Northern Trust from $123.00 to $125.00 and gave the company an “underperform” rating in a research report on Thursday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, seven have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $148.75.

Northern Trust Stock Performance

Shares of Northern Trust stock opened at $146.38 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 quick ratio of 0.70, a current ratio of 0.69 and a debt-to-equity ratio of 0.57. The business has a 50 day moving average price of $143.94 and a 200-day moving average price of $134.24. The company has a market cap of $27.68 billion, a PE ratio of 16.75, a price-to-earnings-growth ratio of 1.18 and a beta of 1.27.

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

Northern Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Friday, March 6th will be given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Friday, March 6th. Northern Trust’s dividend payout ratio (DPR) is presently 36.61%.

Insider Transactions at Northern Trust

In other Northern Trust news, insider Clive Bellows sold 1,148 shares of the business’s stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $145.26, for a total value of $166,758.48. Following the transaction, the insider owned 34,133 shares of the company’s stock, valued at approximately $4,958,159.58. The trade was a 3.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Peter Cherecwich sold 25,000 shares of the company’s stock in a transaction on Monday, January 26th. The shares were sold at an average price of $149.62, for a total value of $3,740,500.00. Following the completion of the transaction, the chief operating officer owned 26,259 shares of the company’s stock, valued at $3,928,871.58. This trade represents a 48.77% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 27,191 shares of company stock worth $4,061,028. Company insiders own 0.77% of the company’s stock.

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.