Van ECK Associates Corp Decreases Stock Holdings in Northern Trust Co. (NASDAQ:NTRS)

Van ECK Associates Corp lowered its position in shares of Northern Trust Co. (NASDAQ:NTRSFree Report) by 2.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 73,286 shares of the asset manager’s stock after selling 2,001 shares during the period. Van ECK Associates Corp’s holdings in Northern Trust were worth $5,092,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Shell Asset Management Co. boosted its position in Northern Trust by 3.3% during the third quarter. Shell Asset Management Co. now owns 6,047 shares of the asset manager’s stock valued at $420,000 after purchasing an additional 191 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Northern Trust by 2.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,486,840 shares of the asset manager’s stock valued at $311,746,000 after purchasing an additional 119,484 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in Northern Trust by 1.3% during the third quarter. Massachusetts Financial Services Co. MA now owns 4,980,072 shares of the asset manager’s stock valued at $346,015,000 after purchasing an additional 64,707 shares in the last quarter. Banque Cantonale Vaudoise boosted its holdings in Northern Trust by 6.0% in the third quarter. Banque Cantonale Vaudoise now owns 5,275 shares of the asset manager’s stock worth $367,000 after acquiring an additional 300 shares in the last quarter. Finally, American Assets Investment Management LLC boosted its holdings in Northern Trust by 50.0% in the third quarter. American Assets Investment Management LLC now owns 60,000 shares of the asset manager’s stock worth $4,169,000 after acquiring an additional 20,000 shares in the last quarter. Hedge funds and other institutional investors own 81.64% of the company’s stock.

Northern Trust Stock Performance

Shares of Northern Trust stock opened at $79.64 on Monday. Northern Trust Co. has a 52 week low of $62.44 and a 52 week high of $99.14. The business’s fifty day simple moving average is $82.29 and its 200-day simple moving average is $76.19. The firm has a market cap of $16.49 billion, a PE ratio of 15.68, a price-to-earnings-growth ratio of 4.94 and a beta of 1.13. The company has a quick ratio of 0.68, a current ratio of 0.71 and a debt-to-equity ratio of 0.62.

Northern Trust (NASDAQ:NTRSGet Free Report) last posted its quarterly earnings data on Thursday, January 18th. The asset manager reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.33 by ($0.81). The firm had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.71 billion. Northern Trust had a net margin of 9.14% and a return on equity of 12.44%. Northern Trust’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.65 EPS. Equities analysts forecast that Northern Trust Co. will post 6.27 earnings per share for the current year.

Northern Trust Announces Dividend

The business 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 $0.75 per share. The ex-dividend date of this dividend is Thursday, March 7th. This represents a $3.00 annualized dividend and a yield of 3.77%. Northern Trust’s dividend payout ratio (DPR) is 59.06%.

Wall Street Analysts Forecast Growth

NTRS has been the subject of several recent analyst reports. Evercore ISI lowered their price target on Northern Trust from $75.00 to $73.00 and set an “in-line” rating for the company in a report on Thursday, October 19th. Royal Bank of Canada raised their price target on Northern Trust from $82.00 to $86.00 and gave the stock an “outperform” rating in a report on Friday, January 19th. Jefferies Financial Group raised Northern Trust from a “hold” rating to a “buy” rating and raised their price target for the stock from $68.00 to $99.00 in a report on Tuesday, January 9th. Wolfe Research downgraded Northern Trust from a “peer perform” rating to an “underperform” rating and set a $85.00 price target for the company. in a report on Wednesday, January 3rd. Finally, TheStreet raised Northern Trust from a “c+” rating to a “b-” rating in a report on Friday, January 12th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Northern Trust presently has an average rating of “Hold” and a consensus target price of $83.04.

Check Out Our Latest Analysis on NTRS

About Northern Trust

(Free Report)

Northern Trust Corporation, a financial holding company, provides wealth management, asset servicing, asset management, and banking solutions for corporations, institutions, families, and individuals worldwide. It operates in two segments, Asset Servicing and Wealth Management. The Asset Servicing segment offers asset servicing and related services, including custody, fund administration, investment operations outsourcing, investment management, investment risk and analytical services, employee benefit services, securities lending, foreign exchange, treasury management, brokerage services, transition management services, banking, and cash management services.

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

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