FNY Partners Fund LP bought a new stake in Northern Trust Corporation (NASDAQ:NTRS) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,700 shares of the company’s stock, valued at approximately $151,000.
Several other hedge funds also recently made changes to their positions in the company. Hall Laurie J Trustee bought a new stake in shares of Northern Trust Corporation during the fourth quarter valued at approximately $100,000. Woodmont Investment Counsel LLC bought a new stake in shares of Northern Trust Corporation during the third quarter valued at approximately $114,000. Bessemer Group Inc. increased its stake in shares of Northern Trust Corporation by 689.7% in the fourth quarter. Bessemer Group Inc. now owns 1,303 shares of the company’s stock valued at $116,000 after buying an additional 1,138 shares during the last quarter. Advisors Asset Management Inc. increased its stake in shares of Northern Trust Corporation by 71.7% in the third quarter. Advisors Asset Management Inc. now owns 1,717 shares of the company’s stock valued at $117,000 after buying an additional 717 shares during the last quarter. Finally, Virtus Investment Advisers Inc. bought a new stake in shares of Northern Trust Corporation during the third quarter valued at approximately $120,000. 79.48% of the stock is owned by institutional investors and hedge funds.
Shares of Northern Trust Corporation (NASDAQ:NTRS) traded up 1.154% during midday trading on Monday, hitting $86.355. 521,822 shares of the company traded hands. The stock has a 50 day moving average of $86.42 and a 200-day moving average of $77.03. Northern Trust Corporation has a 52 week low of $54.77 and a 52 week high of $91.14. The stock has a market capitalization of $19.74 billion, a PE ratio of 19.990 and a beta of 1.05.
Northern Trust Corporation (NASDAQ:NTRS) last issued its quarterly earnings data on Wednesday, January 18th. The company reported $1.11 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.13 by $0.02. The firm had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.26 billion. Northern Trust Corporation had a return on equity of 11.68% and a net margin of 19.76%. The firm’s revenue was up 7.1% on a year-over-year basis. During the same period last year, the company earned $0.99 earnings per share. Equities analysts forecast that Northern Trust Corporation will post $4.71 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Saturday, April 1st. Shareholders of record on Friday, March 3rd will be paid a $0.38 dividend. The ex-dividend date is Wednesday, March 1st. This represents a $1.52 dividend on an annualized basis and a yield of 1.78%. Northern Trust Corporation’s payout ratio is 35.43%.
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Several analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Northern Trust Corporation from a “hold” rating to a “buy” rating and set a $79.00 price objective for the company in a research note on Monday, October 24th. RBC Capital Markets reiterated a “buy” rating on shares of Northern Trust Corporation in a research note on Saturday, December 17th. Barclays PLC lifted their price objective on shares of Northern Trust Corporation from $80.00 to $95.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 3rd. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $90.00 price objective on shares of Northern Trust Corporation in a research note on Sunday, December 4th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $78.88.
In other Northern Trust Corporation news, insider Clair Joyce St sold 56,991 shares of the stock in a transaction on Thursday, February 9th. The stock was sold at an average price of $85.08, for a total value of $4,848,794.28. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Jane Karpinski sold 1,500 shares of the stock in a transaction on Friday, December 9th. The stock was sold at an average price of $89.37, for a total value of $134,055.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 672,078 shares of company stock worth $54,902,966. Insiders own 1.90% of the company’s stock.
About Northern Trust Corporation
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 around the world. The Company’s segments include Corporate & Institutional Services (C&IS), Wealth Management, and Treasury and Other.
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