Northern Trust Co. (NTRS) Stake Decreased by Korea Investment CORP

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Korea Investment CORP decreased its holdings in Northern Trust Co. (NASDAQ:NTRS) by 77.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,111 shares of the asset manager’s stock after selling 28,286 shares during the quarter. Korea Investment CORP’s holdings in Northern Trust were worth $678,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. HC Financial Advisors Inc. boosted its holdings in Northern Trust by 3.5% in the third quarter. HC Financial Advisors Inc. now owns 31,287 shares of the asset manager’s stock valued at $3,195,000 after acquiring an additional 1,046 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in Northern Trust by 618.3% in the third quarter. Robeco Institutional Asset Management B.V. now owns 167,196 shares of the asset manager’s stock valued at $17,096,000 after acquiring an additional 143,918 shares during the last quarter. WINTON GROUP Ltd bought a new stake in Northern Trust in the third quarter valued at approximately $512,000. Dupont Capital Management Corp boosted its holdings in Northern Trust by 543.7% in the third quarter. Dupont Capital Management Corp now owns 11,071 shares of the asset manager’s stock valued at $1,131,000 after acquiring an additional 9,351 shares during the last quarter. Finally, Commonwealth Equity Services LLC boosted its holdings in Northern Trust by 7.1% in the third quarter. Commonwealth Equity Services LLC now owns 17,171 shares of the asset manager’s stock valued at $1,753,000 after acquiring an additional 1,132 shares during the last quarter. 77.28% of the stock is owned by hedge funds and other institutional investors.

NTRS has been the topic of several analyst reports. Credit Suisse Group reduced their target price on Northern Trust from $110.00 to $105.00 and set a “neutral” rating on the stock in a report on Friday, December 7th. BidaskClub cut Northern Trust from a “hold” rating to a “sell” rating in a report on Tuesday, December 11th. Zacks Investment Research cut Northern Trust from a “hold” rating to a “sell” rating in a report on Wednesday, December 19th. Barclays reduced their target price on Northern Trust from $119.00 to $109.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 2nd. Finally, Jefferies Financial Group cut Northern Trust from a “buy” rating to a “hold” rating in a report on Tuesday, January 8th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have assigned a buy rating to the stock. Northern Trust currently has a consensus rating of “Hold” and a consensus price target of $111.75.

Northern Trust stock opened at $94.92 on Friday. The company has a market cap of $20.74 billion, a price-to-earnings ratio of 14.10, a price-to-earnings-growth ratio of 1.27 and a beta of 1.07. Northern Trust Co. has a 52-week low of $75.96 and a 52-week high of $115.61. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.35.

Northern Trust (NASDAQ:NTRS) last posted its quarterly earnings results on Wednesday, January 23rd. The asset manager reported $1.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $0.19. The firm had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.49 billion. Northern Trust had a return on equity of 16.62% and a net margin of 23.37%. The company’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.51 EPS. As a group, sell-side analysts forecast that Northern Trust Co. will post 6.6 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Friday, March 8th will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.53%. This is a boost from Northern Trust’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Thursday, March 7th. Northern Trust’s dividend payout ratio is presently 35.66%.

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Northern Trust Company Profile

Northern Trust Corporation, a financial holding company, provides asset servicing, fund administration, asset management, fiduciary, and banking solutions for corporations, institutions, families, and individuals worldwide. It operates through Corporate & Institutional Services (C&IS) and Wealth Management segments.

Further Reading: Return on Investment (ROI)

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

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