Quantitative Investment Management LLC bought a new position in Northern Trust Co. (NASDAQ:NTRS) in the 4th quarter, HoldingsChannel reports. The firm bought 75,300 shares of the asset manager’s stock, valued at approximately $7,521,000.
Several other hedge funds and other institutional investors also recently modified their holdings of the company. Field & Main Bank purchased a new position in Northern Trust in the fourth quarter valued at about $100,000. Truewealth LLC purchased a new position in Northern Trust in the fourth quarter valued at about $110,000. Cerebellum GP LLC purchased a new position in Northern Trust in the fourth quarter valued at about $132,000. Mission Wealth Management LP purchased a new position in Northern Trust in the fourth quarter valued at about $200,000. Finally, Hollencrest Capital Management purchased a new position in Northern Trust in the fourth quarter valued at about $210,000. 79.49% of the stock is owned by institutional investors.
In related news, Vice Chairman William L. Morrison sold 46,053 shares of the stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $109.18, for a total value of $5,028,066.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Aileen B. Blake sold 3,000 shares of the stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $105.32, for a total value of $315,960.00. The disclosure for this sale can be found here. Insiders have sold a total of 184,650 shares of company stock worth $19,659,480 over the last quarter. Insiders own 1.04% of the company’s stock.
Shares of Northern Trust Co. (NTRS) opened at $110.70 on Monday. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $24,971.90, a P/E ratio of 22.97, a PEG ratio of 1.45 and a beta of 0.95. Northern Trust Co. has a 1 year low of $83.17 and a 1 year high of $110.79.
Northern Trust (NASDAQ:NTRS) last announced its quarterly earnings results on Wednesday, January 24th. The asset manager reported $1.35 earnings per share for the quarter, topping analysts’ consensus estimates of $1.30 by $0.05. The business had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.41 billion. Northern Trust had a return on equity of 12.77% and a net margin of 20.98%. The business’s quarterly revenue was up 15.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.11 EPS. research analysts predict that Northern Trust Co. will post 6.1 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Sunday, April 1st. Stockholders of record on Friday, March 9th will be given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date is Thursday, March 8th. Northern Trust’s payout ratio is 34.15%.
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Northern Trust Company Profile
Northern Trust Corporation is a financial holding company. The Company provides asset servicing, fund administration, asset management, fiduciary and banking solutions for corporations, institutions, families and individuals across the world. Its segments include Corporate & Institutional Services (C&IS), Wealth Management, and Treasury and Other.
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