Achmea Investment Management B.V. Has $26.50 Million Holdings in Northern Trust Corporation $NTRS

Achmea Investment Management B.V. increased its holdings in shares of Northern Trust Corporation (NASDAQ:NTRS) by 71.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 196,904 shares of the asset manager’s stock after acquiring an additional 81,880 shares during the quarter. Achmea Investment Management B.V. owned about 0.10% of Northern Trust worth $26,503,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of NTRS. Bank of New York Mellon Corp increased its stake in Northern Trust by 2.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,947,456 shares of the asset manager’s stock worth $262,128,000 after acquiring an additional 40,048 shares during the period. iSAM Funds UK Ltd acquired a new stake in shares of Northern Trust during the 3rd quarter worth $2,253,000. Barclays PLC increased its position in shares of Northern Trust by 62.4% in the third quarter. Barclays PLC now owns 1,042,084 shares of the asset manager’s stock worth $140,265,000 after purchasing an additional 400,247 shares during the period. Jupiter Asset Management Ltd. acquired a new position in Northern Trust in the third quarter valued at about $64,863,000. Finally, SG Americas Securities LLC grew its stake in Northern Trust by 228.0% during the third quarter. SG Americas Securities LLC now owns 75,829 shares of the asset manager’s stock worth $10,207,000 after buying an additional 52,711 shares in the last quarter. Institutional investors own 83.19% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Royal Bank Of Canada boosted their target price on shares of Northern Trust from $139.00 to $159.00 and gave the company an “outperform” rating in a research report on Friday, January 23rd. Weiss Ratings reissued a “buy (b-)” rating on shares of Northern Trust in a research note on Thursday, January 22nd. Citigroup initiated coverage on shares of Northern Trust in a research report on Monday, February 23rd. They set a “neutral” rating for the company. Morgan Stanley raised their target price on Northern Trust from $131.00 to $140.00 and gave the company an “underweight” rating in a report on Friday, January 23rd. Finally, Wall Street Zen upgraded Northern Trust from a “sell” rating to a “hold” rating in a research note on Saturday, December 27th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Northern Trust currently has an average rating of “Hold” and an average target price of $148.75.

Northern Trust Stock Performance

Shares of NTRS opened at $136.79 on Wednesday. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.57. The firm’s fifty day simple moving average is $145.37 and its two-hundred day simple moving average is $136.44. Northern Trust Corporation has a 12 month low of $81.62 and a 12 month high of $157.60. The stock has a market capitalization of $25.35 billion, a P/E ratio of 15.65, a price-to-earnings-growth ratio of 1.08 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 earnings per share (EPS) for the quarter, beating 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 for the quarter. During the same period in the prior year, the firm earned $2.26 earnings per share. The firm’s revenue for the quarter was up 8.4% compared to the same quarter last year. As a group, analysts predict that Northern Trust Corporation will post 8.27 EPS for the current year.

Northern Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Friday, March 6th will be paid a $0.80 dividend. The ex-dividend date of this dividend is Friday, March 6th. This represents a $3.20 annualized dividend and a yield of 2.3%. Northern Trust’s payout ratio is 36.61%.

Insider Activity

In other Northern Trust news, Director Richard Petrino purchased 1,000 shares of the business’s stock in a transaction on Thursday, February 5th. The shares were purchased at an average cost of $148.91 per share, for a total transaction of $148,910.00. Following the acquisition, the director owned 3,332 shares of the company’s stock, valued at approximately $496,168.12. This represents a 42.88% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Peter Cherecwich sold 25,000 shares of the business’s stock in a transaction on Monday, January 26th. The shares were sold at an average price of $149.62, for a total transaction of $3,740,500.00. Following the transaction, the chief operating officer owned 26,259 shares in the company, valued at $3,928,871.58. The trade was a 48.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 34,905 shares of company stock worth $5,166,714. 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.