Mosaic Family Wealth LLC Reduces Stake in Northern Trust Co. (NTRS)

Mosaic Family Wealth LLC decreased its position in Northern Trust Co. (NASDAQ:NTRS) by 6.7% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 2,001 shares of the asset manager’s stock after selling 143 shares during the period. Mosaic Family Wealth LLC’s holdings in Northern Trust were worth $173,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp boosted its position in Northern Trust by 8.2% in the fourth quarter. State Street Corp now owns 10,365,351 shares of the asset manager’s stock worth $923,026,000 after buying an additional 786,008 shares during the period. FMR LLC boosted its stake in shares of Northern Trust by 7.8% in the fourth quarter. FMR LLC now owns 8,940,422 shares of the asset manager’s stock valued at $796,144,000 after buying an additional 643,560 shares during the last quarter. Burgundy Asset Management Ltd. boosted its stake in shares of Northern Trust by 1.1% in the fourth quarter. Burgundy Asset Management Ltd. now owns 2,480,386 shares of the asset manager’s stock valued at $220,878,000 after buying an additional 27,482 shares during the last quarter. FIL Ltd bought a new stake in shares of Northern Trust during the fourth quarter valued at about $199,749,000. Finally, Artisan Partners Limited Partnership bought a new stake in shares of Northern Trust during the fourth quarter valued at about $171,052,000. Institutional investors own 79.48% of the company’s stock.

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

Northern Trust Co. (NASDAQ:NTRS) traded up 0.23% during trading on Friday, reaching $86.94. The company had a trading volume of 1,088,640 shares. The stock has a 50 day moving average price of $88.30 and a 200-day moving average price of $86.19. Northern Trust Co. has a 52-week low of $61.32 and a 52-week high of $92.29. The company has a market capitalization of $19.96 billion, a PE ratio of 19.83 and a beta of 1.05.

Northern Trust (NASDAQ:NTRS) last issued its quarterly earnings data on Tuesday, April 25th. The asset manager reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.02. Northern Trust had a net margin of 19.76% and a return on equity of 11.68%. The firm had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same quarter in the previous year, the business posted $0.99 EPS. The firm’s revenue was up 8.1% compared to the same quarter last year. On average, equities research analysts anticipate that Northern Trust Co. will post $4.80 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Saturday, July 1st. Stockholders of record on Friday, June 2nd will be paid a $0.38 dividend. The ex-dividend date of this dividend is Wednesday, May 31st. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.75%. Northern Trust’s dividend payout ratio (DPR) is presently 35.43%.

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Several analysts have recently issued reports on NTRS shares. Zacks Investment Research cut Northern Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, January 25th. Deutsche Bank AG reduced their price objective on Northern Trust from $94.00 to $93.00 and set a “hold” rating on the stock in a research note on Thursday, April 6th. Credit Suisse Group AG reiterated a “hold” rating and issued a $90.00 price objective on shares of Northern Trust in a research note on Friday, May 5th. Royal Bank of Canada reiterated a “buy” rating and issued a $97.00 price objective on shares of Northern Trust in a research note on Wednesday, May 10th. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $102.00 price objective on shares of Northern Trust in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $87.86.

In other news, Vice Chairman William L. Morrison sold 51,762 shares of the company’s stock in a transaction dated Wednesday, February 22nd. The shares were sold at an average price of $87.53, for a total value of $4,530,727.86. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Wilson Leech sold 10,614 shares of the company’s stock in a transaction dated Thursday, February 23rd. The shares were sold at an average price of $87.34, for a total transaction of $927,026.76. The disclosure for this sale can be found here. In the last 90 days, insiders sold 500,159 shares of company stock worth $44,927,823. Company insiders own 1.90% of the company’s stock.

Northern Trust Company Profile

Northern Trust Corporation is a financial holding company. The Company provides asset servicing, fund administration, asset management, fiduciary and banking solutions for corporations, institutions, families and individuals across the world. Its segments include Corporate & Institutional Services (C&IS), Wealth Management, and Treasury and Other.

5 Day Chart for NASDAQ:NTRS

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