Northern Trust Corporation (NTRS) Shares Bought by Northwestern Mutual Investment Management Company LLC

Northwestern Mutual Investment Management Company LLC increased its stake in shares of Northern Trust Corporation (NASDAQ:NTRS) by 77.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 43,473 shares of the asset manager’s stock after buying an additional 19,032 shares during the period. Northwestern Mutual Investment Management Company LLC’s holdings in Northern Trust Corporation were worth $3,764,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Quantbot Technologies LP increased its position in shares of Northern Trust Corporation by 182.4% in the third quarter. Quantbot Technologies LP now owns 14,210 shares of the asset manager’s stock valued at $966,000 after buying an additional 9,179 shares during the last quarter. Mizuho Trust & Banking Co. Ltd. increased its position in shares of Northern Trust Corporation by 0.5% in the third quarter. Mizuho Trust & Banking Co. Ltd. now owns 334,643 shares of the asset manager’s stock valued at $22,752,000 after buying an additional 1,637 shares during the last quarter. Marble Harbor Investment Counsel LLC increased its position in shares of Northern Trust Corporation by 1.7% in the third quarter. Marble Harbor Investment Counsel LLC now owns 111,761 shares of the asset manager’s stock valued at $7,599,000 after buying an additional 1,820 shares during the last quarter. PNC Financial Services Group Inc. increased its position in shares of Northern Trust Corporation by 6.6% in the third quarter. PNC Financial Services Group Inc. now owns 1,591,920 shares of the asset manager’s stock valued at $108,235,000 after buying an additional 98,312 shares during the last quarter. Finally, Confluence Investment Management LLC increased its position in shares of Northern Trust Corporation by 10.0% in the third quarter. Confluence Investment Management LLC now owns 983,792 shares of the asset manager’s stock valued at $66,888,000 after buying an additional 89,081 shares during the last quarter. 82.90% of the stock is owned by institutional investors and hedge funds.

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

Northern Trust Corporation (NASDAQ NTRS) traded up 0.70% during trading on Friday, hitting $94.55. 1,525,832 shares of the stock traded hands. The company has a 50-day moving average price of $89.78 and a 200-day moving average price of $87.87. The stock has a market cap of $21.71 billion, a PE ratio of 21.56 and a beta of 0.97. Northern Trust Corporation has a 12 month low of $61.32 and a 12 month high of $94.59.

Northern Trust Corporation (NASDAQ:NTRS) last announced its quarterly earnings data on Tuesday, April 25th. The asset manager reported $1.09 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.07 by $0.02. The firm had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.28 billion. Northern Trust Corporation had a net margin of 20.20% and a return on equity of 11.96%. The business’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.99 EPS. Equities research analysts expect that Northern Trust Corporation will post $4.80 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, July 1st. Stockholders of record on Friday, June 2nd will be issued 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 1.61%. Northern Trust Corporation’s payout ratio is 34.78%.

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NTRS has been the subject of several research reports. Deutsche Bank AG dropped their price objective on shares of Northern Trust Corporation from $94.00 to $93.00 and set a “hold” rating for the company in a research note on Thursday, April 6th. Jefferies Group LLC raised shares of Northern Trust Corporation from a “hold” rating to a “buy” rating and increased their price objective for the company from $90.00 to $102.00 in a research note on Tuesday, April 11th. Credit Suisse Group reissued a “hold” rating and issued a $90.00 price objective on shares of Northern Trust Corporation in a research note on Friday, May 5th. Royal Bank of Canada reissued a “buy” rating and issued a $97.00 price objective on shares of Northern Trust Corporation in a research note on Wednesday, May 10th. Finally, Bank of America Corporation reissued a “buy” rating and issued a $98.00 price objective (up previously from $61.32) on shares of Northern Trust Corporation in a research note on Friday, May 26th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $90.18.

In related news, Chairman Frederick H. Waddell sold 205,923 shares of the company’s stock in a transaction on Friday, May 5th. The shares were sold at an average price of $90.46, for a total transaction of $18,627,794.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Susan Gillian Pembleton sold 9,793 shares of the company’s stock in a transaction on Wednesday, May 24th. The shares were sold at an average price of $88.29, for a total transaction of $864,623.97. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 381,423 shares of company stock valued at $34,537,044. Company insiders own 1.27% of the company’s stock.

Northern Trust Corporation 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.

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