Northern Trust Co. (NASDAQ:NTRS) Stake Raised by DNB Asset Management AS

Northern Trust Co. (NASDAQ:NTRS) Stake Raised by DNB Asset Management AS

DNB Asset Management AS raised its stake in shares of Northern Trust Co. (NASDAQ:NTRS) by 19.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 28,669 shares of the asset manager’s stock after buying an additional 4,646 shares during the period. DNB Asset Management AS’s holdings in Northern Trust were worth $2,396,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in NTRS. State of Alaska Department of Revenue raised its position in shares of Northern Trust by 0.7% during the 4th quarter. State of Alaska Department of Revenue now owns 30,681 shares of the asset manager’s stock valued at $2,563,000 after buying an additional 222 shares in the last quarter. Trust Department MB Financial Bank N A raised its position in shares of Northern Trust by 20.9% during the 4th quarter. Trust Department MB Financial Bank N A now owns 1,417 shares of the asset manager’s stock valued at $118,000 after buying an additional 245 shares in the last quarter. Rehmann Capital Advisory Group raised its position in shares of Northern Trust by 161.3% during the 3rd quarter. Rehmann Capital Advisory Group now owns 473 shares of the asset manager’s stock valued at $48,000 after buying an additional 292 shares in the last quarter. Diversified Trust Co raised its position in shares of Northern Trust by 8.3% during the 3rd quarter. Diversified Trust Co now owns 3,909 shares of the asset manager’s stock valued at $399,000 after buying an additional 300 shares in the last quarter. Finally, Hexavest Inc. raised its position in shares of Northern Trust by 26.6% during the 3rd quarter. Hexavest Inc. now owns 2,319 shares of the asset manager’s stock valued at $237,000 after buying an additional 487 shares in the last quarter. Institutional investors and hedge funds own 79.91% of the company’s stock.

NTRS has been the topic of a number of recent analyst reports. Bank of America lowered shares of Northern Trust from a “buy” rating to a “neutral” rating and set a $84.89 price objective on the stock. in a research report on Friday, January 11th. Wolfe Research lowered shares of Northern Trust from a “market perform” rating to an “underperform” rating in a research report on Tuesday, January 8th. Buckingham Research reduced their price objective on shares of Northern Trust from $119.00 to $114.00 and set a “neutral” rating on the stock in a research report on Thursday, October 18th. Vining Sparks reissued a “buy” rating and issued a $120.00 price objective on shares of Northern Trust in a research report on Wednesday, January 23rd. Finally, Zacks Investment Research lowered shares of Northern Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, December 19th. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company. Northern Trust presently has an average rating of “Hold” and an average price target of $111.87.

Shares of NASDAQ NTRS traded down $0.01 during midday trading on Monday, reaching $89.63. 828,003 shares of the company’s stock traded hands, compared to its average volume of 1,328,082. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.65 and a current ratio of 0.64. Northern Trust Co. has a one year low of $75.96 and a one year high of $115.61. The company has a market cap of $19.85 billion, a PE ratio of 13.32, a P/E/G ratio of 1.26 and a beta of 1.05.

Northern Trust (NASDAQ:NTRS) last released its quarterly earnings data on Wednesday, January 23rd. The asset manager reported $1.82 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.63 by $0.19. Northern Trust had a net margin of 23.37% and a return on equity of 16.62%. The firm had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same period last year, the firm earned $1.51 earnings per share. The company’s quarterly revenue was up 5.3% on a year-over-year basis. On average, analysts forecast that Northern Trust Co. will post 6.62 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Stockholders of record on Friday, March 8th will be paid a dividend of $0.60 per share. The ex-dividend date is Thursday, March 7th. This is an increase from Northern Trust’s previous quarterly dividend of $0.55. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.68%. Northern Trust’s dividend payout ratio (DPR) is currently 32.69%.

Northern Trust Profile

Northern Trust Corporation, a financial holding company, provides asset servicing, fund administration, asset management, fiduciary, and banking solutions for corporations, institutions, families, and individuals worldwide. It operates through Corporate & Institutional Services (C&IS) and Wealth Management segments.

Recommended Story: What is the S&P 500 Index?

Related posts

Leave a Comment