Blair William & Co. IL Sells 2,202 Shares of Northern Trust Corporation (NASDAQ:NTRS)

Blair William & Co. IL reduced its holdings in shares of Northern Trust Corporation (NASDAQ:NTRS - Free Report) by 1.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 139,089 shares of the asset manager's stock after selling 2,202 shares during the quarter. Blair William & Co. IL owned 0.07% of Northern Trust worth $13,721,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. PNC Financial Services Group Inc. increased its position in Northern Trust by 1.8% during the first quarter. PNC Financial Services Group Inc. now owns 127,367 shares of the asset manager's stock valued at $12,565,000 after acquiring an additional 2,191 shares during the last quarter. LSV Asset Management purchased a new stake in Northern Trust during the first quarter valued at $31,302,000. TIAA Trust National Association increased its position in Northern Trust by 6.8% during the first quarter. TIAA Trust National Association now owns 8,069 shares of the asset manager's stock valued at $796,000 after acquiring an additional 516 shares during the last quarter. Blueshift Asset Management LLC purchased a new stake in Northern Trust during the first quarter valued at $546,000. Finally, Natixis Advisors LLC increased its position in Northern Trust by 8.1% during the first quarter. Natixis Advisors LLC now owns 97,132 shares of the asset manager's stock valued at $9,582,000 after acquiring an additional 7,305 shares during the last quarter. 83.19% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on the company. Wall Street Zen upgraded Northern Trust from a "sell" rating to a "hold" rating in a research report on Saturday, July 26th. Barclays upped their price target on Northern Trust from $128.00 to $136.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 24th. Wolfe Research upgraded Northern Trust from an "underperform" rating to a "peer perform" rating in a research report on Thursday, July 24th. The Goldman Sachs Group upped their price target on Northern Trust from $89.00 to $101.00 and gave the stock a "sell" rating in a research report on Wednesday, July 2nd. Finally, Morgan Stanley upped their price target on Northern Trust from $103.00 to $106.00 and gave the stock an "underweight" rating in a research report on Tuesday, July 1st. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $116.58.

Insider Activity at Northern Trust

In related news, EVP Clive Bellows sold 3,300 shares of the firm's stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $99.95, for a total transaction of $329,835.00. Following the completion of the sale, the executive vice president directly owned 28,736 shares of the company's stock, valued at approximately $2,872,163.20. This trade represents a 10.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Teresa Parker sold 6,467 shares of the firm's stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $100.62, for a total value of $650,709.54. Following the sale, the insider directly owned 79,391 shares of the company's stock, valued at $7,988,322.42. This represents a 7.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 9,772 shares of company stock valued at $981,069 over the last ninety days. Corporate insiders own 0.77% of the company's stock.

Northern Trust Price Performance

Shares of Northern Trust stock opened at $127.65 on Tuesday. The stock has a 50 day moving average of $119.97 and a 200 day moving average of $108.20. Northern Trust Corporation has a 12 month low of $80.81 and a 12 month high of $133.00. The firm has a market cap of $24.41 billion, a PE ratio of 15.00, a PEG ratio of 1.69 and a beta of 1.28. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.58.

Northern Trust (NASDAQ:NTRS - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The asset manager reported $2.13 EPS for the quarter, beating analysts' consensus estimates of $2.08 by $0.05. Northern Trust had a return on equity of 14.06% and a net margin of 11.75%. The company had revenue of $2 billion during the quarter, compared to analyst estimates of $1.96 billion. During the same period in the prior year, the company earned $4.34 earnings per share. The firm's revenue was down 26.4% on a year-over-year basis. On average, research analysts expect that Northern Trust Corporation will post 8.27 EPS for the current fiscal year.

Northern Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Friday, September 5th will be paid a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend is Friday, September 5th. This is a positive change from Northern Trust's previous quarterly dividend of $0.75. Northern Trust's dividend payout ratio is 35.25%.

Northern Trust Company Profile

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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