Robeco Institutional Asset Management B.V. Has $86.43 Million Position in Northern Trust Corporation $NTRS

Key Points

• Robeco Institutional Asset Management trimmed its position in Northern Trust by 4.3%, selling 28,515 shares and leaving it with 632,753 shares worth about $86.43 million (≈0.33% of the company); institutional investors own 83.19% of the stock.
• Northern Trust beat Q4 estimates with EPS of $2.42 (vs. $2.37) and revenue of $3.15 billion, up 8.4% year-over-year, while analysts maintain an average rating of "Hold" and an average target price of $154.55 after several upward target revisions.
• The company pays a $0.80 quarterly dividend ($3.20 annual, 2.1% yield) and insiders have sold about 34,905 shares worth $5.17 million in the last 90 days (insiders now own 0.66%).

Robeco Institutional Asset Management B.V. lowered its stake in shares of Northern Trust Corporation (NASDAQ:NTRS - Free Report) by 4.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 632,753 shares of the asset manager's stock after selling 28,515 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.33% of Northern Trust worth $86,428,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of NTRS. Triumph Capital Management acquired a new stake in shares of Northern Trust during the 3rd quarter valued at $25,000. Board of the Pension Protection Fund acquired a new stake in shares of Northern Trust in the 4th quarter valued at $27,000. Olistico Wealth LLC acquired a new stake in shares of Northern Trust in the 4th quarter valued at $41,000. True Wealth Design LLC lifted its stake in shares of Northern Trust by 98.7% in the 4th quarter. True Wealth Design LLC now owns 314 shares of the asset manager's stock valued at $43,000 after purchasing an additional 156 shares during the last quarter. Finally, Caldwell Trust Co acquired a new stake in shares of Northern Trust in the 2nd quarter valued at $48,000. Institutional investors and hedge funds own 83.19% of the company's stock.

Northern Trust Price Performance

Northern Trust stock opened at $152.23 on Monday. The firm has a market cap of $28.21 billion, a price-to-earnings ratio of 17.42, a P/E/G ratio of 1.19 and a beta of 1.23. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.69 and a quick ratio of 0.69. Northern Trust Corporation has a fifty-two week low of $85.54 and a fifty-two week high of $157.60. The firm has a fifty day moving average price of $143.30 and a two-hundred day moving average price of $137.92.

Northern Trust (NASDAQ:NTRS - Get Free Report) last posted its quarterly earnings data on Friday, January 30th. The asset manager reported $2.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.37 by $0.05. Northern Trust had a net margin of 12.15% and a return on equity of 14.87%. The company had revenue of $3.15 billion for the quarter. During the same quarter in the previous year, the firm posted $2.26 EPS. The business's revenue for the quarter was up 8.4% compared to the same quarter last year. As a group, analysts forecast that Northern Trust Corporation will post 8.27 earnings per share for the current year.

Northern Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 1st. Stockholders of record on Friday, March 6th were issued a dividend of $0.80 per share. The ex-dividend date was Friday, March 6th. This represents a $3.20 annualized dividend and a dividend yield of 2.1%. Northern Trust's payout ratio is presently 36.61%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. TD Cowen lifted their price objective on shares of Northern Trust from $165.00 to $175.00 and gave the company a "buy" rating in a research note on Monday, January 26th. The Goldman Sachs Group raised shares of Northern Trust from a "sell" rating to a "neutral" rating and lifted their price objective for the company from $148.00 to $151.00 in a research note on Monday, April 6th. Barclays lifted their price objective on shares of Northern Trust from $136.00 to $160.00 and gave the company an "equal weight" rating in a research note on Monday, January 5th. Royal Bank Of Canada lifted their price objective on shares of Northern Trust from $139.00 to $159.00 and gave the company an "outperform" rating in a research note on Friday, January 23rd. Finally, Morgan Stanley lifted their price objective on shares of Northern Trust from $131.00 to $140.00 and gave the company an "underweight" rating in a research note on Friday, January 23rd. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Northern Trust currently has an average rating of "Hold" and an average target price of $154.55.

Insider Activity at Northern Trust

In other news, insider Clive Bellows sold 1,148 shares of the business's stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $145.26, for a total transaction of $166,758.48. Following the transaction, the insider owned 34,133 shares in the company, valued at approximately $4,958,159.58. The trade was a 3.25% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Guy Gibson sold 3,009 shares of the company's stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $142.39, for a total transaction of $428,451.51. Following the completion of the sale, the insider directly owned 29,332 shares in the company, valued at approximately $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 90 days, insiders have sold 34,905 shares of company stock worth $5,166,714. Insiders own 0.66% of the company's stock.

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.

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