WINTON GROUP Ltd Sells 441 Shares of Northern Trust Co. (NASDAQ:NTRS)

WINTON GROUP Ltd lessened its position in Northern Trust Co. (NASDAQ:NTRSGet Rating) by 11.3% in the second quarter, HoldingsChannel.com reports. The fund owned 3,454 shares of the asset manager’s stock after selling 441 shares during the period. WINTON GROUP Ltd’s holdings in Northern Trust were worth $333,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Trust Co. of Vermont bought a new position in shares of Northern Trust in the 2nd quarter valued at about $33,000. LS Investment Advisors LLC acquired a new stake in shares of Northern Trust during the 2nd quarter worth about $38,000. Clear Street Markets LLC lifted its stake in shares of Northern Trust by 411.8% during the 2nd quarter. Clear Street Markets LLC now owns 435 shares of the asset manager’s stock worth $42,000 after buying an additional 350 shares during the last quarter. Covestor Ltd lifted its stake in shares of Northern Trust by 64.8% during the 1st quarter. Covestor Ltd now owns 496 shares of the asset manager’s stock worth $58,000 after buying an additional 195 shares during the last quarter. Finally, Cullen Frost Bankers Inc. lifted its stake in shares of Northern Trust by 91.5% during the 1st quarter. Cullen Frost Bankers Inc. now owns 544 shares of the asset manager’s stock worth $63,000 after buying an additional 260 shares during the last quarter. Institutional investors own 83.59% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Keefe, Bruyette & Woods cut shares of Northern Trust from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 19th. The Goldman Sachs Group cut their target price on shares of Northern Trust from $114.00 to $101.00 and set a “buy” rating for the company in a research note on Friday, September 30th. Evercore ISI dropped their price objective on shares of Northern Trust to $85.00 in a research note on Thursday, October 20th. Citigroup dropped their price objective on shares of Northern Trust from $92.00 to $85.00 and set a “neutral” rating for the company in a research note on Friday, October 21st. Finally, Morgan Stanley dropped their price objective on shares of Northern Trust from $108.00 to $94.00 and set an “equal weight” rating for the company in a research note on Thursday, October 20th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $104.79.

Northern Trust Price Performance

Shares of NASDAQ:NTRS opened at $92.32 on Monday. The firm has a 50 day moving average of $87.48 and a 200-day moving average of $95.70. The stock has a market capitalization of $19.24 billion, a PE ratio of 12.58 and a beta of 1.06. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.37. Northern Trust Co. has a 12 month low of $76.15 and a 12 month high of $135.15.

Northern Trust (NASDAQ:NTRSGet Rating) last issued its earnings results on Wednesday, October 19th. The asset manager reported $1.80 EPS for the quarter, missing the consensus estimate of $1.84 by ($0.04). The firm had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.76 billion. Northern Trust had a net margin of 21.84% and a return on equity of 15.12%. Northern Trust’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.80 earnings per share. On average, equities research analysts predict that Northern Trust Co. will post 7.19 EPS for the current fiscal year.

Northern Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, January 1st. Investors of record on Friday, December 9th will be issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 3.25%. The ex-dividend date of this dividend is Thursday, December 8th. Northern Trust’s dividend payout ratio (DPR) is presently 40.87%.

Northern Trust Profile

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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.

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

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