Northern Trust Co. (NASDAQ:NTRS) Stock Holdings Raised by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans increased its position in Northern Trust Co. (NASDAQ:NTRS) by 2.0% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,401,680 shares of the asset manager’s stock after purchasing an additional 26,984 shares during the period. Thrivent Financial for Lutherans’ holdings in Northern Trust were worth $117,713,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of NTRS. Bayesian Capital Management LP raised its position in shares of Northern Trust by 986.3% during the 4th quarter. Bayesian Capital Management LP now owns 37,900 shares of the asset manager’s stock worth $3,198,000 after purchasing an additional 34,411 shares during the period. CANADA LIFE ASSURANCE Co lifted its stake in Northern Trust by 6.8% in the first quarter. CANADA LIFE ASSURANCE Co now owns 360,640 shares of the asset manager’s stock valued at $32,111,000 after buying an additional 23,020 shares during the last quarter. Sequoia Financial Advisors LLC boosted its holdings in shares of Northern Trust by 557.8% during the first quarter. Sequoia Financial Advisors LLC now owns 30,813 shares of the asset manager’s stock valued at $2,740,000 after acquiring an additional 26,129 shares during the period. Bessemer Group Inc. grew its position in shares of Northern Trust by 668.0% during the first quarter. Bessemer Group Inc. now owns 20,205 shares of the asset manager’s stock worth $1,797,000 after acquiring an additional 17,574 shares during the last quarter. Finally, AIA Group Ltd increased its holdings in shares of Northern Trust by 4.3% in the 1st quarter. AIA Group Ltd now owns 602,785 shares of the asset manager’s stock worth $53,600,000 after acquiring an additional 24,791 shares during the period. 83.19% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Northern Trust

In other Northern Trust news, EVP Teresa Parker sold 5,883 shares of the stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $84.06, for a total value of $494,524.98. Following the completion of the sale, the executive vice president now owns 83,765 shares in the company, valued at approximately $7,041,285.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, EVP Teresa Parker sold 5,883 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $84.06, for a total value of $494,524.98. Following the completion of the sale, the executive vice president now owns 83,765 shares of the company’s stock, valued at approximately $7,041,285.90. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Mark C. Gossett sold 6,000 shares of the stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $88.90, for a total value of $533,400.00. Following the completion of the transaction, the executive vice president now owns 28,707 shares in the company, valued at approximately $2,552,052.30. The disclosure for this sale can be found here. Insiders sold 13,738 shares of company stock valued at $1,191,388 over the last three months. 0.64% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have commented on NTRS shares. Keefe, Bruyette & Woods decreased their target price on shares of Northern Trust from $92.00 to $85.00 and set a “market perform” rating for the company in a research report on Thursday, June 27th. The Goldman Sachs Group lowered their target price on Northern Trust from $94.00 to $84.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 2nd. Royal Bank of Canada increased their price target on Northern Trust from $86.00 to $90.00 and gave the stock an “outperform” rating in a research note on Thursday, July 18th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Northern Trust from $85.00 to $84.00 and set a “hold” rating on the stock in a research note on Thursday, August 15th. Finally, Morgan Stanley decreased their target price on shares of Northern Trust from $97.00 to $93.00 and set an “underweight” rating for the company in a research report on Tuesday, July 30th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $88.75.

Northern Trust Stock Performance

Shares of NTRS opened at $91.90 on Friday. The company has a 50-day moving average of $87.59 and a two-hundred day moving average of $85.27. The stock has a market cap of $18.80 billion, a price-to-earnings ratio of 20.29, a PEG ratio of 1.46 and a beta of 1.08. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.71 and a quick ratio of 0.71. Northern Trust Co. has a one year low of $62.44 and a one year high of $92.82.

Northern Trust (NASDAQ:NTRS) last issued its quarterly earnings results on Wednesday, July 17th. The asset manager reported $1.78 earnings per share for the quarter, beating analysts’ consensus estimates of $1.75 by $0.03. The business had revenue of $2.72 billion for the quarter, compared to the consensus estimate of $1.84 billion. Northern Trust had a return on equity of 12.24% and a net margin of 10.53%. Northern Trust’s revenue for the quarter was up 53.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.79 earnings per share. On average, equities research analysts expect that Northern Trust Co. will post 7.01 earnings per share for the current year.

Northern Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Friday, September 6th will be issued a $0.75 dividend. The ex-dividend date of this dividend is Friday, September 6th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 3.26%. Northern Trust’s dividend payout ratio is 66.23%.

Northern Trust Profile

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.