Teacher Retirement System of Texas Has $4.43 Million Stake in Northern Trust Corporation $NTRS

Key Points

• Teacher Retirement System of Texas cut its stake in Northern Trust by 20.7% in the 4th quarter, selling 8,472 shares and leaving 32,422 shares valued at about $4.43 million.
• Northern Trust beat quarterly expectations with $2.71 EPS vs. $2.37 consensus and $2.21 billion in revenue (up 13.8% YoY), and announced a quarterly dividend of $0.80 (annualized $3.20, ~2.0% yield).
• Institutional investors own 83.19% of the stock with major holders (e.g., BNY Mellon, Barclays) increasing positions, while analysts are mixed—consensus rating "Hold" with an average target of $163.55 amid several recent upgrades.

Teacher Retirement System of Texas decreased its holdings in Northern Trust Corporation (NASDAQ:NTRS - Free Report) by 20.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 32,422 shares of the asset manager's stock after selling 8,472 shares during the quarter. Teacher Retirement System of Texas' holdings in Northern Trust were worth $4,429,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. CWM LLC raised its stake in Northern Trust by 122.6% in the 4th quarter. CWM LLC now owns 48,284 shares of the asset manager's stock worth $6,595,000 after purchasing an additional 26,594 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Northern Trust by 2.1% in the 3rd 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. iSAM Funds UK Ltd acquired a new stake in Northern Trust in the 3rd quarter worth about $2,253,000. Barclays PLC raised its stake in Northern Trust by 62.4% in the 3rd quarter. Barclays PLC now owns 1,042,084 shares of the asset manager's stock worth $140,265,000 after purchasing an additional 400,247 shares in the last quarter. Finally, Swiss Life Asset Management Ltd raised its position in shares of Northern Trust by 119.9% in the 3rd quarter. Swiss Life Asset Management Ltd now owns 83,175 shares of the asset manager's stock valued at $11,195,000 after buying an additional 45,356 shares in the last quarter. Institutional investors and hedge funds own 83.19% of the company's stock.

Key Northern Trust News

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

• Positive Sentiment: Multiple brokerages have issued bullish notes or raised expectations for NTRS this week, supporting investor optimism and helping drive recent gains. Read More.
• Positive Sentiment: Zacks upgraded Northern Trust to a Zacks Rank #1 (Strong Buy) and included the stock on momentum lists — a signal that institutional and momentum-focused traders may keep buying. Read More.
• Positive Sentiment: Business win: Northern Trust was selected to provide asset servicing for the $15 billion Sacramento County Employees’ Retirement System — a revenue/asset-servicing credential that supports growth expectations. Read More.
• Positive Sentiment: Partnership/operations: Northern Trust expanded its collaboration with Saphyre to improve trade/onboarding processes — incremental operational improvements that reduce friction and can support margins over time. Read More.
• Neutral Sentiment: Short-term momentum coverage and commentary (e.g., Zacks piece noting a 1-week gain) may attract traders but is descriptive rather than fundamentally new information. Read More.
• Neutral Sentiment: Data anomaly: one short-interest report for Apr 24 shows "0 shares / NaN" (likely a reporting error) — treat that specific data point as unreliable.
• Negative Sentiment: Short interest increased to 2,592,826 shares as of Apr 15 (up ~16.6% vs Mar 31), ~1.4% of shares and ~3 days-to-cover based on average volume — higher shorting raises the potential for downside pressure and may explain some intraday weakness.

Wall Street Analyst Weigh In

NTRS has been the subject of several analyst reports. The Goldman Sachs Group boosted their target price on shares of Northern Trust from $151.00 to $169.00 and gave the company a "neutral" rating in a research report on Wednesday, April 22nd. BMO Capital Markets upgraded shares of Northern Trust from a "market perform" rating to an "outperform" rating and set a $168.00 target price for the company in a research report on Monday, April 6th. Wells Fargo & Company boosted their target price on shares of Northern Trust from $150.00 to $175.00 and gave the company an "equal weight" rating in a research report on Wednesday, April 22nd. Citigroup initiated coverage on shares of Northern Trust in a research report on Monday, February 23rd. They issued a "neutral" rating for the company. Finally, Morgan Stanley boosted their target price on shares of Northern Trust from $131.00 to $140.00 and gave the company an "underweight" rating in a research report on Friday, January 23rd. 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. According to MarketBeat, Northern Trust presently has a consensus rating of "Hold" and an average target price of $163.55.

Insider Buying and Selling at Northern Trust

In related news, insider Clive Bellows sold 1,148 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the insider directly owned 34,133 shares in the company, valued at $4,958,159.58. This represents a 3.25% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Richard Petrino acquired 1,000 shares of the stock in a transaction that occurred on Thursday, February 5th. The shares were bought at an average price of $148.91 per share, with a total value of $148,910.00. Following the completion of the transaction, the director owned 3,332 shares in the company, valued at $496,168.12. This represents a 42.88% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders sold 9,905 shares of company stock worth $1,426,214 over the last 90 days. 0.66% of the stock is owned by corporate insiders.

Northern Trust Price Performance

Shares of NASDAQ:NTRS opened at $164.01 on Monday. The firm has a 50 day moving average of $145.64 and a 200-day moving average of $139.92. The stock has a market capitalization of $30.39 billion, a PE ratio of 17.17, a PEG ratio of 1.19 and a beta of 1.23. The company has a current ratio of 0.62, a quick ratio of 0.69 and a debt-to-equity ratio of 0.51. Northern Trust Corporation has a 12 month low of $91.28 and a 12 month high of $173.18.

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

Northern Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Friday, June 5th will be given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Friday, June 5th. Northern Trust's dividend payout ratio is currently 33.51%.

About Northern Trust

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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