Marshall Wace LLP Increases Position in Northern Trust Co. (NASDAQ:NTRS)

Marshall Wace LLP increased its position in shares of Northern Trust Co. (NASDAQ:NTRS) by 34.2% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 133,032 shares of the asset manager’s stock after acquiring an additional 33,875 shares during the period. Marshall Wace LLP’s holdings in Northern Trust were worth $11,172,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Olistico Wealth LLC acquired a new position in shares of Northern Trust during the 2nd quarter worth approximately $25,000. Innealta Capital LLC purchased a new position in Northern Trust during the second quarter worth about $26,000. Spartan Planning & Wealth Management boosted its position in shares of Northern Trust by 10,566.7% in the fourth quarter. Spartan Planning & Wealth Management now owns 320 shares of the asset manager’s stock worth $27,000 after acquiring an additional 317 shares during the last quarter. Ridgewood Investments LLC purchased a new stake in shares of Northern Trust during the 2nd quarter valued at $30,000. Finally, Versant Capital Management Inc grew its position in Northern Trust by 343.9% during the second quarter. Versant Capital Management Inc now owns 435 shares of the asset manager’s stock valued at $37,000 after acquiring an additional 337 shares during the period. Institutional investors and hedge funds own 83.19% of the company’s stock.

Wall Street Analysts Forecast Growth

NTRS has been the subject of several recent research reports. Morgan Stanley lowered their price target on Northern Trust from $97.00 to $93.00 and set an “underweight” rating for the company in a report on Tuesday, July 30th. Royal Bank of Canada increased their target price on Northern Trust from $86.00 to $90.00 and gave the stock an “outperform” rating in a report on Thursday, July 18th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Northern Trust from $84.00 to $94.00 and gave the company a “hold” rating in a research report on Monday, September 23rd. Keefe, Bruyette & Woods cut their target price on Northern Trust from $92.00 to $85.00 and set a “market perform” rating on the stock in a research note on Thursday, June 27th. Finally, The Goldman Sachs Group cut Northern Trust from a “neutral” rating to a “sell” rating and lowered their target price for the company from $84.00 to $82.00 in a research report on Thursday. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Northern Trust presently has a consensus rating of “Hold” and an average target price of $89.42.

Insider Buying and Selling at Northern Trust

In other Northern Trust news, Director Charles A. Tribbett sold 1,855 shares of the business’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $88.12, for a total value of $163,462.60. Following the completion of the sale, the director now owns 1,000 shares of the company’s stock, valued at $88,120. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, EVP Mark C. Gossett sold 6,000 shares of the business’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $88.90, for a total transaction of $533,400.00. Following the transaction, the executive vice president now owns 28,707 shares in the company, valued at approximately $2,552,052.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Charles A. Tribbett sold 1,855 shares of the business’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $88.12, for a total value of $163,462.60. Following the transaction, the director now owns 1,000 shares in the company, valued at $88,120. The disclosure for this sale can be found here. Insiders sold 13,738 shares of company stock worth $1,191,388 over the last ninety days. 0.64% of the stock is currently owned by insiders.

Northern Trust Trading Up 0.2 %

Shares of NASDAQ:NTRS opened at $90.07 on Friday. Northern Trust Co. has a 1-year low of $62.44 and a 1-year high of $92.82. The stock has a market capitalization of $18.43 billion, a price-to-earnings ratio of 19.88, a PEG ratio of 1.53 and a beta of 1.08. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.71 and a current ratio of 0.71. The company has a 50 day moving average price of $87.88 and a 200 day moving average price of $85.55.

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

Northern Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Friday, September 6th will be paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 3.33%. The ex-dividend date is Friday, September 6th. Northern Trust’s dividend payout ratio (DPR) is presently 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.