Free Trial

B. Metzler seel. Sohn & Co. AG Has $6.76 Million Stake in Northern Trust Corporation $NTRS

Northern Trust logo with Finance background
Image from MarketBeat Media, LLC.

Key Points

  • B. Metzler seel. Sohn & Co. AG increased its stake in Northern Trust by 150% in Q4 and now owns 49,421 shares valued at approximately $6.76 million.
  • Northern Trust reported a stronger‑than‑expected Q1 (EPS $2.71 vs $2.37; revenue $2.21B, +13.8% YoY) and won a $15 billion Sacramento County asset‑servicing mandate, triggering analyst upgrades and momentum flows.
  • Institutional investors own about 83.19% of NTRS; the consensus analyst rating is "Hold" with a $163.55 target, and the firm pays a quarterly dividend of $0.80 (annualized $3.20, ~1.9% yield).
  • Five stocks we like better than Northern Trust.

B. Metzler seel. Sohn & Co. AG increased its holdings in Northern Trust Corporation (NASDAQ:NTRS - Free Report) by 150.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 49,421 shares of the asset manager's stock after buying an additional 29,650 shares during the period. B. Metzler seel. Sohn & Co. AG's holdings in Northern Trust were worth $6,763,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NTRS. Jupiter Asset Management Ltd. acquired a new stake in shares of Northern Trust in the third quarter valued at approximately $64,863,000. AQR Capital Management LLC raised its position in shares of Northern Trust by 67.1% in the third quarter. AQR Capital Management LLC now owns 1,019,531 shares of the asset manager's stock valued at $136,750,000 after buying an additional 409,434 shares in the last quarter. Barclays PLC raised 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 valued at $140,265,000 after buying an additional 400,247 shares in the last quarter. Balyasny Asset Management L.P. acquired a new stake in shares of Northern Trust in the second quarter valued at approximately $42,698,000. Finally, Bank of America Corp DE raised its position in shares of Northern Trust by 35.3% in the third quarter. Bank of America Corp DE now owns 833,167 shares of the asset manager's stock valued at $112,144,000 after buying an additional 217,305 shares in the last quarter. 83.19% of the stock is currently owned by institutional investors and hedge funds.

Northern Trust News Summary

Here are the key news stories impacting Northern Trust this week:

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of Northern Trust from a "sell" rating to a "hold" rating in a research report on Saturday, December 27th. Citigroup began coverage on shares of Northern Trust in a research report on Monday, February 23rd. They issued a "neutral" rating for the company. Royal Bank Of Canada boosted their price objective on shares of Northern Trust from $159.00 to $178.00 and gave the company an "outperform" rating in a research report on Wednesday. Weiss Ratings restated a "buy (b-)" rating on shares of Northern Trust in a research report on Thursday, January 22nd. Finally, Truist Financial boosted their price objective on shares of Northern Trust from $155.00 to $176.00 and gave the company a "hold" rating in a research report on Wednesday. Four analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, Northern Trust presently has an average rating of "Hold" and a consensus target price of $163.55.

Get Our Latest Stock Report on Northern Trust

Insider Activity

In other Northern Trust news, insider Clive Bellows sold 1,148 shares of the business's stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $145.26, for a total transaction of $166,758.48. Following the sale, the insider owned 34,133 shares of the company's stock, valued at approximately $4,958,159.58. The trade was a 3.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Robert Edward Jr. Moritz bought 245 shares of the firm's stock in a transaction on Monday, February 2nd. The shares were bought at an average cost of $151.85 per share, for a total transaction of $37,203.25. Following the purchase, the director owned 6,931 shares of the company's stock, valued at approximately $1,052,472.35. The trade was a 3.66% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders have sold 34,905 shares of company stock valued at $5,166,714. 0.66% of the stock is currently owned by insiders.

Northern Trust Stock Down 1.5%

Shares of NTRS opened at $165.39 on Friday. Northern Trust Corporation has a one year low of $90.05 and a one year high of $173.18. The company has a market cap of $30.65 billion, a P/E ratio of 17.32, a P/E/G ratio of 1.27 and a beta of 1.23. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.62 and a quick ratio of 0.69. The firm has a 50 day simple moving average of $145.29 and a two-hundred day simple moving average of $139.59.

Northern Trust (NASDAQ:NTRS - Get Free Report) last announced its quarterly earnings data on Tuesday, April 21st. The asset manager reported $2.71 EPS for the quarter, beating the consensus estimate of $2.37 by $0.34. Northern Trust had a net margin of 12.84% and a return on equity of 15.94%. The business had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.13 billion. During the same period in the previous year, the business earned $1.90 earnings per share. The company's revenue was up 13.8% on a year-over-year basis. Research analysts forecast that Northern Trust Corporation will post 10.58 EPS for the current fiscal year.

Northern Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Friday, June 5th will be given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 1.9%. The ex-dividend date is Friday, June 5th. Northern Trust's payout ratio is currently 33.51%.

Northern Trust Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding NTRS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Northern Trust Corporation (NASDAQ:NTRS - Free Report).

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Northern Trust Right Now?

Before you consider Northern Trust, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Northern Trust wasn't on the list.

While Northern Trust currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

(Almost)  Everything You Need To Know About The EV Market Cover

Looking to profit from the electric vehicle mega-trend? Click the link to see our list of which EV stocks show the most long-term potential.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines