Prana Capital Management LP acquired a new position in shares of Northern Trust Co. (NASDAQ:NTRS) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 224,033 shares of the asset manager’s stock, valued at approximately $22,379,000. Northern Trust comprises 7.6% of Prana Capital Management LP’s investment portfolio, making the stock its 2nd biggest position. Prana Capital Management LP owned 0.10% of Northern Trust at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. State of Wisconsin Investment Board increased its stake in Northern Trust by 10.9% in the 3rd quarter. State of Wisconsin Investment Board now owns 125,386 shares of the asset manager’s stock worth $11,527,000 after purchasing an additional 12,359 shares in the last quarter. Alps Advisors Inc. lifted its holdings in Northern Trust by 15.2% in the 3rd quarter. Alps Advisors Inc. now owns 4,414 shares of the asset manager’s stock worth $406,000 after purchasing an additional 583 shares during the last quarter. Global X MANAGEMENT CO LLC increased its position in Northern Trust by 10.3% in the 3rd quarter. Global X MANAGEMENT CO LLC now owns 5,965 shares of the asset manager’s stock worth $548,000 after buying an additional 556 shares during the period. BNP Paribas Arbitrage SA increased its position in Northern Trust by 68.5% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 137,039 shares of the asset manager’s stock worth $12,598,000 after buying an additional 55,703 shares during the period. Finally, New York State Common Retirement Fund increased its position in Northern Trust by 2.3% in the 3rd quarter. New York State Common Retirement Fund now owns 469,000 shares of the asset manager’s stock worth $43,115,000 after buying an additional 10,700 shares during the period. Hedge funds and other institutional investors own 79.74% of the company’s stock.
In related news, EVP Aileen B. Blake sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $105.32, for a total value of $315,960.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO Jana R. Schreuder sold 4,807 shares of the stock in a transaction on Friday, March 9th. The stock was sold at an average price of $110.00, for a total value of $528,770.00. The disclosure for this sale can be found here. Insiders have sold a total of 189,457 shares of company stock valued at $20,188,250 over the last three months. Corporate insiders own 1.04% of the company’s stock.
Shares of Northern Trust stock traded down $1.52 on Monday, reaching $105.69. The company’s stock had a trading volume of 391,819 shares, compared to its average volume of 1,214,272. The firm has a market cap of $24,184.62, a P/E ratio of 21.79, a PEG ratio of 1.41 and a beta of 0.95. Northern Trust Co. has a 52-week low of $83.17 and a 52-week high of $110.81. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.71 and a quick ratio of 0.71.
Northern Trust (NASDAQ:NTRS) last announced its quarterly earnings data on Wednesday, January 24th. The asset manager reported $1.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.30 by $0.05. Northern Trust had a return on equity of 12.77% and a net margin of 20.98%. The company had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.41 billion. During the same period in the previous year, the business earned $1.11 EPS. The firm’s revenue was up 15.6% compared to the same quarter last year. equities research analysts forecast that Northern Trust Co. will post 6.1 EPS for the current fiscal year.
The business also recently disclosed 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 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date is Thursday, March 8th. Northern Trust’s dividend payout ratio is currently 34.15%.
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About Northern Trust
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.
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