Mn Services Vermogensbeheer B.V. grew its position in Northern Trust Co. (NASDAQ:NTRS – Free Report) by 3.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 97,298 shares of the asset manager’s stock after acquiring an additional 3,000 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Northern Trust were worth $8,575,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also added to or reduced their stakes in NTRS. Vanguard Group Inc. boosted its holdings in shares of Northern Trust by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 22,711,584 shares of the asset manager’s stock worth $2,644,763,000 after purchasing an additional 457,748 shares during the period. American Century Companies Inc. boosted its holdings in shares of Northern Trust by 10.0% in the 4th quarter. American Century Companies Inc. now owns 6,233,609 shares of the asset manager’s stock worth $551,612,000 after purchasing an additional 566,941 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Northern Trust by 11.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,387,313 shares of the asset manager’s stock worth $388,233,000 after purchasing an additional 440,043 shares during the period. Geode Capital Management LLC boosted its holdings in Northern Trust by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 4,365,611 shares of the asset manager’s stock valued at $385,639,000 after acquiring an additional 95,828 shares during the period. Finally, Goldman Sachs Group Inc. boosted its holdings in Northern Trust by 3.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,101,655 shares of the asset manager’s stock valued at $361,188,000 after acquiring an additional 91,387 shares during the period. Institutional investors own 81.90% of the company’s stock.
Analysts Set New Price Targets
A number of research firms recently issued reports on NTRS. Citigroup dropped their price objective on Northern Trust from $78.00 to $75.00 in a report on Tuesday, June 13th. Seaport Res Ptn cut Northern Trust from a “buy” rating to a “neutral” rating in a report on Tuesday, April 25th. Barclays dropped their price objective on Northern Trust from $107.00 to $94.00 in a report on Tuesday, June 27th. UBS Group cut Northern Trust from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $100.00 to $80.00 in a report on Monday. Finally, TheStreet cut Northern Trust from a “b-” rating to a “c+” rating in a report on Monday, June 5th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Northern Trust currently has an average rating of “Hold” and a consensus price target of $90.77.
Northern Trust Trading Up 2.1 %
Northern Trust (NASDAQ:NTRS – Get Free Report) last released its quarterly earnings results on Tuesday, April 25th. The asset manager reported $1.51 EPS for the quarter, missing the consensus estimate of $1.52 by ($0.01). The company had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.78 billion. Northern Trust had a return on equity of 14.30% and a net margin of 14.73%. The company’s revenue was up 1.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.77 earnings per share. As a group, equities research analysts anticipate that Northern Trust Co. will post 6.3 earnings per share for the current fiscal year.
Northern Trust Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Saturday, July 1st. Investors of record on Friday, June 9th were given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 3.94%. The ex-dividend date was Thursday, June 8th. Northern Trust’s dividend payout ratio is currently 51.02%.
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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