Northern Trust Corporation $NTRS Shares Sold by Citigroup Inc.

Citigroup Inc. lessened its position in shares of Northern Trust Corporation (NASDAQ:NTRS) by 20.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 116,427 shares of the asset manager’s stock after selling 30,064 shares during the period. Citigroup Inc. owned about 0.06% of Northern Trust worth $15,671,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of NTRS. AlphaCore Capital LLC lifted its position in shares of Northern Trust by 87.4% during the 2nd quarter. AlphaCore Capital LLC now owns 208 shares of the asset manager’s stock worth $27,000 after purchasing an additional 97 shares during the last quarter. Hantz Financial Services Inc. lifted its holdings in Northern Trust by 5,225.0% during the 2nd quarter. Hantz Financial Services Inc. now owns 213 shares of the asset manager’s stock worth $27,000 after buying an additional 209 shares during the last quarter. Clearstead Trust LLC acquired a new position in shares of Northern Trust during the 2nd quarter worth about $29,000. Caldwell Trust Co purchased a new position in shares of Northern Trust in the 2nd quarter valued at about $48,000. Finally, SJS Investment Consulting Inc. raised its position in shares of Northern Trust by 2,650.0% during the 3rd quarter. SJS Investment Consulting Inc. now owns 385 shares of the asset manager’s stock worth $52,000 after acquiring an additional 371 shares in the last quarter. 83.19% of the stock is owned by hedge funds and other institutional investors.

Northern Trust Stock Performance

NASDAQ NTRS opened at $143.09 on Friday. The firm has a market cap of $26.59 billion, a P/E ratio of 16.37, a P/E/G ratio of 1.18 and a beta of 1.27. Northern Trust Corporation has a 52-week low of $81.62 and a 52-week high of $157.60. The business’s 50-day moving average price is $145.39 and its 200 day moving average price is $135.41. The company has a quick ratio of 0.70, a current ratio of 0.69 and a debt-to-equity ratio of 0.57.

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

Northern Trust Dividend Announcement

The company also recently disclosed 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. This represents a $3.20 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Friday, March 6th. Northern Trust’s dividend payout ratio (DPR) is 36.61%.

Wall Street Analysts Forecast Growth

NTRS has been the subject of several recent analyst reports. Zacks Research upgraded Northern Trust from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 23rd. Royal Bank Of Canada upped their target price on shares of Northern Trust from $139.00 to $159.00 and gave the company an “outperform” rating in a report on Friday, January 23rd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Northern Trust in a research report on Thursday, January 22nd. TD Cowen boosted their price target on shares of Northern Trust from $165.00 to $175.00 and gave the company a “buy” rating in a research report on Monday, January 26th. Finally, Evercore raised their price objective on Northern Trust from $142.00 to $155.00 and gave the stock an “in-line” rating in a report on Friday, January 23rd. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, Northern Trust currently has an average rating of “Hold” and a consensus price target of $148.75.

Insider Buying and Selling

In other news, CFO David W. Fox, Jr. sold 1,450 shares of the business’s stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $144.05, for a total transaction of $208,872.50. Following the transaction, the chief financial officer directly owned 20,162 shares in the company, valued at $2,904,336.10. The trade was a 6.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Guy Gibson sold 1,043 shares of the firm’s stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $147.43, for a total transaction of $153,769.49. Following the completion of the sale, the insider owned 35,013 shares of the company’s stock, valued at approximately $5,161,966.59. The trade was a 2.89% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 28,641 shares of company stock worth $4,269,900 in the last ninety days. 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.