M&T Bank Corp Purchases 83,033 Shares of Northern Trust Corporation $NTRS

Key Points

• M&T Bank Corp increased its stake in Northern Trust by 761.5% in Q4, purchasing 83,033 shares and now holds 93,937 shares valued at about $12.83 million.
• Northern Trust beat Q1 estimates (EPS $2.71 vs $2.37; revenue $2.21B vs $2.13B), prompting analyst target increases and a one‑year high, and the company declared a quarterly dividend of $0.80 ($3.20 annual, ~1.9% yield).
• Institutional ownership is high at 83.19% while insiders own 0.66% with mixed activity (a 1,000‑share director purchase amid 34,905 shares sold in the last 90 days); the consensus analyst rating is Hold with an average price target of $163.55.

M&T Bank Corp increased its position in Northern Trust Corporation (NASDAQ:NTRS - Free Report) by 761.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 93,937 shares of the asset manager's stock after purchasing an additional 83,033 shares during the quarter. M&T Bank Corp's holdings in Northern Trust were worth $12,831,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. State Street Corp grew its stake in Northern Trust by 1.0% in the third quarter. State Street Corp now owns 9,493,634 shares of the asset manager's stock worth $1,285,236,000 after purchasing an additional 97,584 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Northern Trust by 6.0% in the third quarter. Dimensional Fund Advisors LP now owns 2,378,196 shares of the asset manager's stock worth $320,092,000 after purchasing an additional 133,751 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Northern Trust by 2.1% in the third quarter. Bank of New York Mellon Corp now owns 1,947,456 shares of the asset manager's stock worth $262,128,000 after purchasing an additional 40,048 shares in the last quarter. First Trust Advisors LP grew its stake in Northern Trust by 4.8% in the third quarter. First Trust Advisors LP now owns 1,924,707 shares of the asset manager's stock worth $259,066,000 after purchasing an additional 88,699 shares in the last quarter. Finally, Legal & General Group Plc grew its stake in Northern Trust by 3.5% in the third quarter. Legal & General Group Plc now owns 1,414,595 shares of the asset manager's stock worth $190,404,000 after purchasing an additional 48,417 shares in the last quarter. Institutional investors own 83.19% of the company's stock.

Northern Trust Stock Down 1.5%

Shares of NASDAQ NTRS opened at $165.39 on Friday. The company has a current ratio of 0.62, a quick ratio of 0.69 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $30.65 billion, a PE ratio of 17.32, a price-to-earnings-growth ratio of 1.27 and a beta of 1.23. The stock's fifty day simple moving average is $145.29 and its two-hundred day simple moving average is $139.59. Northern Trust Corporation has a 12-month low of $90.05 and a 12-month high of $173.18.

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

Northern Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Friday, June 5th will be issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Friday, June 5th. Northern Trust's dividend payout ratio (DPR) is currently 33.51%.

Analyst Ratings Changes

NTRS has been the topic of several recent research reports. Wells Fargo & Company increased their target price on shares of Northern Trust from $150.00 to $175.00 and gave the stock an "equal weight" rating in a report on Wednesday. BMO Capital Markets upgraded shares of Northern Trust from a "market perform" rating to an "outperform" rating and set a $168.00 target price on the stock in a report on Monday, April 6th. Evercore increased their target price on shares of Northern Trust from $142.00 to $155.00 and gave the stock an "in-line" rating in a report on Friday, January 23rd. The Goldman Sachs Group increased their target price on shares of Northern Trust from $151.00 to $169.00 and gave the stock a "neutral" rating in a report on Wednesday. Finally, Zacks Research cut shares of Northern Trust from a "strong-buy" rating to a "hold" rating in a report on Friday, April 10th. Four analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $163.55.

Insiders Place Their Bets

In other news, Director Richard Petrino purchased 1,000 shares of the stock in a transaction dated Thursday, February 5th. The shares were acquired at an average cost of $148.91 per share, for a total transaction of $148,910.00. Following the acquisition, the director owned 3,332 shares of the company's stock, valued at approximately $496,168.12. This represents a 42.88% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Guy Gibson sold 3,009 shares of the firm's stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $142.39, for a total value of $428,451.51. Following the completion of the sale, the insider directly owned 29,332 shares of the company's stock, valued at $4,176,583.48. The trade was a 9.30% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 34,905 shares of company stock worth $5,166,714. Insiders own 0.66% of the company's stock.

Trending Headlines about Northern Trust

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

• Positive Sentiment: Zacks upgraded NTRS to a Zacks Rank #1 (Strong Buy), reflecting growing optimism on earnings momentum and positioning the stock as a buy idea for momentum investors. Northern Trust (NTRS) Upgraded to Strong Buy: Here's Why
• Positive Sentiment: Northern Trust won a major client: Sacramento County Employees’ Retirement System selected NTRS for $15 billion in asset servicing — a meaningful new mandate that should add fee revenue and credibility in institutional servicing. Northern Trust Selected by $15 Billion Sacramento County Employees’ Retirement System for Asset Servicing
• Positive Sentiment: Analysts lifted forecasts and price targets after NTRS reported stronger‑than‑expected Q1 results (beat on EPS and revenue); several banks raised targets, supporting upside potential. These Analysts Increase Their Forecasts On Northern Trust After Strong Q1 Earnings
• Positive Sentiment: NTRS was added to Zacks’ list of momentum / new Strong Buy stocks, which can attract short‑term flows from retail and quant strategies. Best Momentum Stocks to Buy for April 23rd
• Positive Sentiment: Strong Q1 results pushed the stock to a new one‑year high and the company reiterated shareholder returns with a quarterly dividend — positives for income and growth investors. Northern Trust Sets New 1-Year High Following Strong Earnings
• Neutral Sentiment: Northern Trust expanded a collaboration with Saphyre to streamline account lifecycle processes — operationally constructive but likely a gradual revenue/efficiency benefit. Northern Trust and Saphyre Expand Collaboration
• Neutral Sentiment: At the annual meeting shareholders approved the board, pay and company plans — standard governance outcomes that remove uncertainty but don’t change fundamentals materially. Northern Trust shareholders back board, pay, and plans
• Negative Sentiment: Shares have pulled back from recent highs (recent intraday declines and a reported 2.3% drop on one session), indicating short‑term profit‑taking that can overwhelm positive fundamentals in the near term. Vertiv, Northern Trust And More On CNBC's 'Final Trades'

Northern Trust Company Profile

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.

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).

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.