Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $2.89 Million Stock Holdings in Northern Trust Co. (NASDAQ:NTRS)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of Northern Trust Co. (NASDAQ:NTRSFree Report) by 14.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,622 shares of the asset manager’s stock after purchasing an additional 5,286 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Northern Trust were worth $2,892,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in NTRS. Belpointe Asset Management LLC boosted its position in shares of Northern Trust by 84.5% during the 1st quarter. Belpointe Asset Management LLC now owns 393 shares of the asset manager’s stock valued at $35,000 after purchasing an additional 180 shares in the last quarter. Clear Street Markets LLC boosted its position in shares of Northern Trust by 93.4% during the 1st quarter. Clear Street Markets LLC now owns 408 shares of the asset manager’s stock valued at $36,000 after purchasing an additional 197 shares in the last quarter. Hexagon Capital Partners LLC boosted its position in shares of Northern Trust by 306.3% during the 3rd quarter. Hexagon Capital Partners LLC now owns 581 shares of the asset manager’s stock valued at $40,000 after purchasing an additional 438 shares in the last quarter. Itau Unibanco Holding S.A. bought a new stake in shares of Northern Trust during the 2nd quarter valued at about $40,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in shares of Northern Trust during the 2nd quarter valued at about $51,000. Institutional investors own 81.64% of the company’s stock.

Northern Trust Stock Up 2.1 %

NTRS opened at $81.35 on Tuesday. The company has a market cap of $16.84 billion, a P/E ratio of 16.01, a P/E/G ratio of 4.94 and a beta of 1.13. The business’s 50-day moving average price is $82.30 and its 200-day moving average price is $76.21. The company has a current ratio of 0.71, a quick ratio of 0.68 and a debt-to-equity ratio of 0.62. Northern Trust Co. has a 12 month low of $62.44 and a 12 month high of $99.14.

Northern Trust (NASDAQ:NTRSGet Free Report) last announced its quarterly earnings results on Thursday, January 18th. The asset manager reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.81). Northern Trust had a net margin of 9.14% and a return on equity of 12.44%. The business had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.71 billion. During the same quarter in the prior year, the firm earned $1.65 EPS. The firm’s revenue for the quarter was up 1.9% on a year-over-year basis. On average, equities analysts expect that Northern Trust Co. will post 6.27 EPS for the current year.

Northern Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 1st. Stockholders of record on Friday, March 8th will be given a $0.75 dividend. The ex-dividend date of this dividend is Thursday, March 7th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 3.69%. Northern Trust’s dividend payout ratio is currently 59.06%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on NTRS shares. Morgan Stanley restated an “underweight” rating and set a $86.00 target price (up previously from $82.00) on shares of Northern Trust in a research report on Tuesday, January 30th. UBS Group increased their price target on Northern Trust from $72.00 to $84.00 and gave the stock a “neutral” rating in a report on Tuesday, January 9th. StockNews.com upgraded Northern Trust from a “sell” rating to a “hold” rating in a report on Saturday, November 4th. Barclays increased their price target on Northern Trust from $90.00 to $98.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 2nd. Finally, Evercore ISI cut their price target on Northern Trust from $75.00 to $73.00 and set an “in-line” rating on the stock in a report on Thursday, October 19th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Northern Trust has a consensus rating of “Hold” and a consensus target price of $83.04.

Get Our Latest Analysis on NTRS

Northern Trust Profile

(Free Report)

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, Asset Servicing and Wealth Management. The Asset Servicing segment offers asset servicing and related services, including custody, fund administration, investment operations outsourcing, investment management, investment risk and analytical services, employee benefit services, securities lending, foreign exchange, treasury management, brokerage services, transition management services, banking, and cash management services.

See Also

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

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