Northern Trust Co. (NASDAQ:NTRS) Shares Bought by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. increased its holdings in shares of Northern Trust Co. (NASDAQ:NTRS) by 111.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,727 shares of the asset manager’s stock after purchasing an additional 3,550 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Northern Trust were worth $672,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. Thrivent Financial For Lutherans lifted its holdings in Northern Trust by 3.4% in the second quarter. Thrivent Financial For Lutherans now owns 8,170 shares of the asset manager’s stock valued at $794,000 after acquiring an additional 270 shares during the period. QS Investors LLC raised its stake in shares of Northern Trust by 38.1% in the second quarter. QS Investors LLC now owns 4,013 shares of the asset manager’s stock worth $390,000 after buying an additional 1,107 shares during the period. AHL Partners LLP raised its stake in shares of Northern Trust by 26.4% in the second quarter. AHL Partners LLP now owns 11,755 shares of the asset manager’s stock worth $1,143,000 after buying an additional 2,457 shares during the period. Royal Bank of Canada raised its stake in shares of Northern Trust by 52.0% in the second quarter. Royal Bank of Canada now owns 115,062 shares of the asset manager’s stock worth $11,185,000 after buying an additional 39,380 shares during the period. Finally, Prudential PLC bought a new position in shares of Northern Trust in the second quarter worth about $207,000. 80.69% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts have recently commented on NTRS shares. UBS Group raised their price objective on Northern Trust from $100.00 to $109.00 and gave the stock a “buy” rating in a research note on Thursday, October 19th. Buckingham Research raised their price objective on Northern Trust from $95.00 to $97.00 and gave the stock a “neutral” rating in a research note on Thursday, October 19th. Morgan Stanley raised their price objective on Northern Trust from $83.00 to $91.00 and gave the stock an “underweight” rating in a research note on Thursday, October 19th. Bank of America set a $102.00 price objective on Northern Trust and gave the stock a “buy” rating in a research note on Thursday, October 19th. Finally, Zacks Investment Research raised Northern Trust from a “hold” rating to a “buy” rating and set a $110.00 price objective on the stock in a research note on Tuesday, December 19th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company’s stock. Northern Trust presently has an average rating of “Hold” and a consensus target price of $104.81.

Shares of Northern Trust Co. (NTRS) opened at $102.69 on Thursday. The stock has a market capitalization of $22,594.29, a PE ratio of 20.87, a P/E/G ratio of 1.32 and a beta of 0.99. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.71 and a current ratio of 0.71. Northern Trust Co. has a 1 year low of $83.17 and a 1 year high of $108.91.

Northern Trust (NASDAQ:NTRS) last released its quarterly earnings results on Wednesday, January 24th. The asset manager reported $1.35 earnings per share for the quarter, beating the consensus estimate of $1.30 by $0.05. The business had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.41 billion. Northern Trust had a return on equity of 12.77% and a net margin of 20.98%. The firm’s revenue for the quarter was up 15.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.11 EPS. analysts forecast that Northern Trust Co. will post 6.02 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Sunday, April 1st. Shareholders of record on Friday, March 9th will be issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 1.64%. The ex-dividend date is Thursday, March 8th. Northern Trust’s dividend payout ratio is presently 34.15%.

In other news, CEO Frederick H. Waddell sold 44,658 shares of Northern Trust stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $97.95, for a total value of $4,374,251.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jeffrey D. Cohodes sold 11,982 shares of Northern Trust stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $98.75, for a total value of $1,183,222.50. Following the completion of the transaction, the insider now owns 37,936 shares of the company’s stock, valued at approximately $3,746,180. The disclosure for this sale can be found here. Insiders have sold a total of 198,655 shares of company stock valued at $19,906,776 in the last 90 days. 1.27% of the stock is currently owned by company insiders.

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Northern Trust Profile

Northern Trust Corporation is a financial holding company. The Company provides asset servicing, fund administration, asset management, fiduciary and banking solutions for corporations, institutions, families and individuals across the world. Its segments include Corporate & Institutional Services (C&IS), Wealth Management, and Treasury and Other.

Institutional Ownership by Quarter for Northern Trust (NASDAQ:NTRS)

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