Northern Trust Corporation $NTRS Position Decreased by Robeco Institutional Asset Management B.V.

Key Points

• Robeco Institutional Asset Management B.V. has decreased its holdings in Northern Trust Corporation by 23.8%, selling 194,150 shares, leaving it with 622,136 shares valued at approximately $78.88 million.
• Institutional investors collectively own 83.19% of Northern Trust's stock, with several firms increasing their positions, notably Bank of New York Mellon Corp by 47.8% and Allianz Asset Management GmbH by 529.4%.
• Northern Trust recently declared a quarterly dividend of $0.80 per share, which marks an increase from the previous dividend of $0.75, yielding an annualized rate of 2.4%.

Robeco Institutional Asset Management B.V. decreased its holdings in shares of Northern Trust Corporation (NASDAQ:NTRS - Free Report) by 23.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 622,136 shares of the asset manager's stock after selling 194,150 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.32% of Northern Trust worth $78,881,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in NTRS. Bank of New York Mellon Corp increased its position in shares of Northern Trust by 47.8% in the first quarter. Bank of New York Mellon Corp now owns 1,810,816 shares of the asset manager's stock worth $178,637,000 after acquiring an additional 585,992 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Northern Trust by 4.9% in the first quarter. Massachusetts Financial Services Co. MA now owns 7,850,088 shares of the asset manager's stock worth $774,411,000 after acquiring an additional 363,472 shares in the last quarter. Asset Management One Co. Ltd. increased its position in shares of Northern Trust by 8.4% in the first quarter. Asset Management One Co. Ltd. now owns 84,974 shares of the asset manager's stock worth $8,383,000 after acquiring an additional 6,570 shares in the last quarter. Allianz Asset Management GmbH increased its position in shares of Northern Trust by 529.4% in the first quarter. Allianz Asset Management GmbH now owns 461,383 shares of the asset manager's stock worth $45,515,000 after acquiring an additional 388,081 shares in the last quarter. Finally, Kathmere Capital Management LLC increased its position in shares of Northern Trust by 96.7% in the first quarter. Kathmere Capital Management LLC now owns 5,239 shares of the asset manager's stock worth $517,000 after acquiring an additional 2,575 shares in the last quarter. Institutional investors own 83.19% of the company's stock.

Insider Activity

In related news, Director Robert Edward Jr. Moritz purchased 256 shares of the firm's stock in a transaction dated Wednesday, August 13th. The stock was bought at an average price of $126.34 per share, for a total transaction of $32,343.04. Following the purchase, the director owned 2,525 shares in the company, valued at $319,008.50. The trade was a 11.28% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.77% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on NTRS shares. Evercore ISI lifted their target price on shares of Northern Trust from $125.00 to $135.00 and gave the stock an "in-line" rating in a research report on Tuesday. Wolfe Research raised shares of Northern Trust from an "underperform" rating to a "peer perform" rating in a research report on Thursday, July 24th. Zacks Research downgraded shares of Northern Trust from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, September 9th. The Goldman Sachs Group set a $135.00 price target on shares of Northern Trust in a research report on Tuesday. Finally, Citigroup increased their price target on shares of Northern Trust from $110.00 to $135.00 and gave the stock a "neutral" rating in a research report on Friday, September 5th. Three investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, Northern Trust currently has a consensus rating of "Hold" and an average price target of $126.50.

Northern Trust Price Performance

Shares of NTRS opened at $133.24 on Friday. The firm has a market cap of $25.48 billion, a PE ratio of 15.66, a PEG ratio of 1.56 and a beta of 1.31. The firm's 50 day moving average price is $129.41 and its 200 day moving average price is $114.35. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.72 and a current ratio of 0.72. Northern Trust Corporation has a twelve month low of $81.62 and a twelve month high of $135.48.

Northern Trust (NASDAQ:NTRS - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The asset manager reported $2.13 earnings per share for the quarter, beating the consensus estimate of $2.08 by $0.05. The firm had revenue of $2 billion for the quarter, compared to analyst estimates of $1.96 billion. Northern Trust had a net margin of 11.75% and a return on equity of 14.06%. The company's revenue for the quarter was down 26.4% on a year-over-year basis. During the same quarter last year, the firm earned $4.34 earnings per share. As a group, 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 declared a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Friday, September 5th were paid a dividend of $0.80 per share. This is a boost from Northern Trust's previous quarterly dividend of $0.75. The ex-dividend date was Friday, September 5th. This represents a $3.20 annualized dividend and a dividend yield of 2.4%. Northern Trust's dividend payout ratio is currently 37.60%.

About Northern Trust

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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