Toronto Dominion Bank boosted its position in Northern Trust Co. (NASDAQ:NTRS) by 13.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 92,652 shares of the asset manager’s stock after buying an additional 11,025 shares during the period. Toronto Dominion Bank’s holdings in Northern Trust were worth $9,255,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NTRS. Field & Main Bank bought a new stake in Northern Trust in the 4th quarter valued at $100,000. Cerebellum GP LLC bought a new stake in shares of Northern Trust during the 4th quarter valued at $132,000. Cetera Investment Advisers bought a new stake in shares of Northern Trust during the 2nd quarter valued at $205,000. Hollencrest Capital Management bought a new stake in shares of Northern Trust during the 4th quarter valued at $210,000. Finally, Legacy Capital Partners Inc. bought a new stake in shares of Northern Trust during the 4th quarter valued at $210,000. Institutional investors and hedge funds own 80.69% of the company’s stock.
In other Northern Trust news, insider Jeffrey D. Cohodes sold 11,982 shares of the company’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $98.75, for a total value of $1,183,222.50. Following the completion of the transaction, the insider now owns 37,936 shares of the company’s stock, valued at approximately $3,746,180. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Vice Chairman Stephen N. Potter sold 7,103 shares of the company’s stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $105.55, for a total value of $749,721.65. The disclosure for this sale can be found here. Insiders have sold a total of 198,655 shares of company stock valued at $19,906,776 in the last three months. 1.27% of the stock is owned by insiders.
Northern Trust Co. (NASDAQ NTRS) opened at $104.86 on Friday. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.35. Northern Trust Co. has a fifty-two week low of $83.17 and a fifty-two week high of $108.91. The company has a market capitalization of $23,847.37, a price-to-earnings ratio of 21.76, a PEG ratio of 1.40 and a beta of 0.99.
Northern Trust (NASDAQ:NTRS) last posted its quarterly earnings results on Wednesday, January 24th. The asset manager reported $1.35 EPS for the quarter, topping analysts’ consensus estimates of $1.30 by $0.05. Northern Trust had a return on equity of 12.77% and a net margin of 20.98%. The company had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.41 billion. During the same quarter in the previous year, the firm earned $1.11 EPS. Northern Trust’s revenue was up 15.6% on a year-over-year basis. research analysts expect that Northern Trust Co. will post 6.02 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Sunday, April 1st. Stockholders of record on Friday, March 9th will be issued a dividend of $0.42 per share. The ex-dividend date is Thursday, March 8th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.60%. Northern Trust’s dividend payout ratio (DPR) is currently 34.15%.
A number of analysts have recently weighed in on NTRS shares. Credit Suisse Group upped their target price on Northern Trust from $99.00 to $100.00 and gave the company a “neutral” rating in a research report on Thursday, January 25th. Morgan Stanley upped their target price on Northern Trust from $104.00 to $110.00 and gave the company an “underweight” rating in a research report on Friday, February 2nd. Bank of America upped their target price on Northern Trust from $112.00 to $116.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. BidaskClub upgraded Northern Trust from a “hold” rating to a “buy” rating in a research report on Saturday, January 13th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $110.00 target price on shares of Northern Trust in a research report on Friday, December 22nd. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the stock. Northern Trust currently has an average rating of “Hold” and an average target price of $104.81.
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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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