Massachusetts Financial Services Co. MA Purchases 6,021 Shares of Northern Trust Co. (NASDAQ:NTRS)

Share on StockTwits

Massachusetts Financial Services Co. MA lifted its position in shares of Northern Trust Co. (NASDAQ:NTRS) by 0.6% during the 3rd quarter, HoldingsChannel reports. The firm owned 1,015,036 shares of the asset manager’s stock after acquiring an additional 6,021 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Northern Trust were worth $94,723,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NTRS. Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in Northern Trust by 65.3% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 10,482,148 shares of the asset manager’s stock worth $943,393,000 after acquiring an additional 4,139,159 shares in the last quarter. Amundi Pioneer Asset Management Inc. boosted its holdings in Northern Trust by 274.9% in the second quarter. Amundi Pioneer Asset Management Inc. now owns 1,392,235 shares of the asset manager’s stock worth $797,195,000 after acquiring an additional 1,020,909 shares in the last quarter. Nuveen Asset Management LLC boosted its holdings in Northern Trust by 7,487.6% in the second quarter. Nuveen Asset Management LLC now owns 853,911 shares of the asset manager’s stock worth $76,852,000 after acquiring an additional 842,657 shares in the last quarter. Nuance Investments LLC boosted its holdings in Northern Trust by 83.2% in the second quarter. Nuance Investments LLC now owns 974,254 shares of the asset manager’s stock worth $87,683,000 after acquiring an additional 442,489 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its holdings in Northern Trust by 6.7% in the second quarter. Price T Rowe Associates Inc. MD now owns 6,221,336 shares of the asset manager’s stock worth $559,920,000 after acquiring an additional 390,783 shares in the last quarter. Institutional investors own 81.69% of the company’s stock.

Several research firms have commented on NTRS. Citigroup set a $92.00 target price on Northern Trust and gave the stock a “sell” rating in a report on Friday, October 25th. Morgan Stanley dropped their target price on Northern Trust from $93.00 to $90.00 and set an “underweight” rating on the stock in a report on Friday, October 4th. UBS Group downgraded Northern Trust from a “buy” rating to a “neutral” rating in a report on Wednesday, September 25th. Buckingham Research dropped their target price on Northern Trust from $118.00 to $112.00 and set a “buy” rating on the stock in a report on Friday, October 4th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Northern Trust from $101.50 to $98.00 and set a “neutral” rating on the stock in a research note on Thursday, October 10th. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $102.53.

In other news, EVP Robert P. Browne sold 10,680 shares of the firm’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $101.56, for a total transaction of $1,084,660.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Thomas A. South sold 1,000 shares of the firm’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $98.54, for a total transaction of $98,540.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 42,026 shares of company stock valued at $4,364,026. Insiders own 1.15% of the company’s stock.

Northern Trust stock traded up $0.85 during mid-day trading on Friday, reaching $106.67. The company had a trading volume of 8,494 shares, compared to its average volume of 1,085,071. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.41. Northern Trust Co. has a 52 week low of $75.96 and a 52 week high of $108.45. The company has a 50 day moving average of $97.01 and a 200-day moving average of $92.90. The firm has a market cap of $22.54 billion, a price-to-earnings ratio of 15.82, a PEG ratio of 1.70 and a beta of 1.22.

Northern Trust (NASDAQ:NTRS) last issued its quarterly earnings results on Wednesday, October 23rd. The asset manager reported $1.69 earnings per share for the quarter, beating analysts’ consensus estimates of $1.63 by $0.06. Northern Trust had a net margin of 22.10% and a return on equity of 15.66%. The firm had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.52 billion. During the same period in the prior year, the firm earned $1.58 EPS. The business’s revenue was up 4.1% on a year-over-year basis. On average, analysts predict that Northern Trust Co. will post 6.65 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 1st. Shareholders of record on Friday, December 13th will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date is Thursday, December 12th. Northern Trust’s dividend payout ratio (DPR) is presently 41.60%.

Northern Trust Company Profile

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, Corporate & Institutional Services (C&IS) and Wealth Management.

Featured Article: How to trade on quiet period expirations

Want to see what other hedge funds are holding NTRS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Northern Trust Co. (NASDAQ:NTRS).

Institutional Ownership by Quarter for Northern Trust (NASDAQ:NTRS)

Receive News & Ratings for Northern Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northern Trust and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Marriott International Inc  Expected to Post Quarterly Sales of $5.51 Billion
Marriott International Inc Expected to Post Quarterly Sales of $5.51 Billion
Insider Selling: Jazz Pharmaceuticals PLC  VP Sells 1,749 Shares of Stock
Insider Selling: Jazz Pharmaceuticals PLC VP Sells 1,749 Shares of Stock
Insider Selling: Nutanix Inc  CFO Sells 12,142 Shares of Stock
Insider Selling: Nutanix Inc CFO Sells 12,142 Shares of Stock
Otonomy  Upgraded to Hold by ValuEngine
Otonomy Upgraded to Hold by ValuEngine
PS Business Parks Inc  COO Sells $122,955.00 in Stock
PS Business Parks Inc COO Sells $122,955.00 in Stock
Randolph Bancorp  Upgraded at ValuEngine
Randolph Bancorp Upgraded at ValuEngine


© 2006-2019 Ticker Report