Deutsche Bank AG Has $41.49 Million Position in Northern Trust Co. (NASDAQ:NTRS)

Deutsche Bank AG raised its holdings in shares of Northern Trust Co. (NASDAQ:NTRS - Free Report) by 8.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 597,143 shares of the asset manager's stock after acquiring an additional 44,516 shares during the period. Deutsche Bank AG owned approximately 0.29% of Northern Trust worth $41,489,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of NTRS. Atria Wealth Solutions Inc. grew its position in Northern Trust by 3.7% during the fourth quarter. Atria Wealth Solutions Inc. now owns 3,425 shares of the asset manager's stock valued at $306,000 after buying an additional 123 shares during the period. Port Capital LLC boosted its position in shares of Northern Trust by 2.3% during the 2nd quarter. Port Capital LLC now owns 6,020 shares of the asset manager's stock valued at $446,000 after acquiring an additional 133 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its stake in shares of Northern Trust by 2.5% during the second quarter. Mercer Global Advisors Inc. ADV now owns 5,768 shares of the asset manager's stock worth $428,000 after buying an additional 140 shares during the period. Vontobel Holding Ltd. lifted its holdings in shares of Northern Trust by 2.4% during the first quarter. Vontobel Holding Ltd. now owns 5,921 shares of the asset manager's stock worth $715,000 after purchasing an additional 140 shares during the period. Finally, Greenleaf Trust increased its position in Northern Trust by 1.5% during the 3rd quarter. Greenleaf Trust now owns 12,015 shares of the asset manager's stock worth $835,000 after purchasing an additional 176 shares in the last quarter. Institutional investors own 81.64% of the company's stock.

Insiders Place Their Bets

In related news, insider Steven L. Fradkin sold 30,392 shares of the firm's stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $80.11, for a total transaction of $2,434,703.12. Following the sale, the insider now owns 55,707 shares of the company's stock, valued at $4,462,687.77. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.64% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. UBS Group upped their price objective on Northern Trust from $72.00 to $84.00 and gave the stock a "neutral" rating in a research note on Tuesday, January 9th. TheStreet raised Northern Trust from a "c+" rating to a "b-" rating in a report on Friday, January 12th. Wolfe Research lowered Northern Trust from a "peer perform" rating to an "underperform" rating and set a $85.00 target price on the stock. in a report on Wednesday, January 3rd. Morgan Stanley reiterated an "underweight" rating and set a $86.00 target price (up previously from $82.00) on shares of Northern Trust in a research note on Tuesday, January 30th. Finally, Jefferies Financial Group raised Northern Trust from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $68.00 to $99.00 in a research report on Tuesday, January 9th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $83.04.

Northern Trust Price Performance

NTRS traded up $1.21 during trading on Friday, hitting $81.46. The company's stock had a trading volume of 11,972,797 shares, compared to its average volume of 1,622,333. The firm has a market capitalization of $16.62 billion, a price-to-earnings ratio of 16.04, a P/E/G ratio of 1.71 and a beta of 1.12. The business's fifty day simple moving average is $81.29 and its 200 day simple moving average is $76.76. Northern Trust Co. has a twelve month low of $62.44 and a twelve month high of $90.59. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.62.

Northern Trust (NASDAQ:NTRS - Get Free Report) last announced its earnings results on Thursday, January 18th. The asset manager reported $0.52 earnings per share for the quarter, missing the consensus estimate of $1.33 by ($0.81). Northern Trust had a net margin of 9.14% and a return on equity of 12.44%. The business had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.71 billion. During the same quarter in the prior year, the business earned $1.65 earnings per share. The firm's revenue was up 1.9% on a year-over-year basis. On average, equities research analysts forecast that Northern Trust Co. will post 6.3 EPS for the current fiscal year.

Northern Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 1st. Investors of record on Friday, March 8th will be paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 3.68%. The ex-dividend date is Thursday, March 7th. Northern Trust's dividend payout ratio is presently 59.06%.

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.