SG Americas Securities LLC Has $2.04 Million Stake in Northern Trust Corporation (NTRS)

SG Americas Securities LLC trimmed its holdings in Northern Trust Corporation (NASDAQ:NTRS) by 88.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,156 shares of the asset manager’s stock after selling 164,186 shares during the period. SG Americas Securities LLC’s holdings in Northern Trust Corporation were worth $2,037,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in Northern Trust Corporation by 2.6% during the second quarter. Vanguard Group Inc. now owns 14,255,623 shares of the asset manager’s stock valued at $1,385,789,000 after purchasing an additional 363,691 shares in the last quarter. BlackRock Inc. raised its position in Northern Trust Corporation by 0.3% during the second quarter. BlackRock Inc. now owns 13,318,550 shares of the asset manager’s stock valued at $1,294,697,000 after purchasing an additional 38,780 shares in the last quarter. Northern Trust Corp raised its position in Northern Trust Corporation by 1.5% during the second quarter. Northern Trust Corp now owns 12,414,424 shares of the asset manager’s stock valued at $1,206,806,000 after purchasing an additional 184,112 shares in the last quarter. Burgundy Asset Management Ltd. raised its position in Northern Trust Corporation by 1.4% during the second quarter. Burgundy Asset Management Ltd. now owns 2,373,551 shares of the asset manager’s stock valued at $230,733,000 after purchasing an additional 32,849 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its position in Northern Trust Corporation by 2.8% during the second quarter. Ameriprise Financial Inc. now owns 2,078,796 shares of the asset manager’s stock valued at $202,200,000 after purchasing an additional 56,465 shares in the last quarter. Institutional investors own 80.08% of the company’s stock.

Shares of Northern Trust Corporation (NASDAQ NTRS) opened at $94.26 on Friday. The firm has a market cap of $21,466.28, a price-to-earnings ratio of 20.61, a price-to-earnings-growth ratio of 2.08 and a beta of 0.96. Northern Trust Corporation has a one year low of $80.49 and a one year high of $99.30. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.71 and a current ratio of 0.71.

Northern Trust Corporation (NASDAQ:NTRS) last posted its earnings results on Wednesday, October 18th. The asset manager reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.08. The firm had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.35 billion. Northern Trust Corporation had a net margin of 20.27% and a return on equity of 12.33%. The company’s revenue was up 11.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.11 earnings per share. sell-side analysts expect that Northern Trust Corporation will post 4.68 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 1st. Investors of record on Friday, December 1st will be paid a $0.42 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $1.68 annualized dividend and a dividend yield of 1.78%. Northern Trust Corporation’s dividend payout ratio is 37.17%.

In related news, COO Jana R. Schreuder sold 5,581 shares of the business’s stock in a transaction on Monday, September 11th. The shares were sold at an average price of $90.00, for a total value of $502,290.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Aileen B. Blake sold 1,000 shares of the business’s stock in a transaction on Monday, August 28th. The stock was sold at an average price of $90.00, for a total transaction of $90,000.00. The disclosure for this sale can be found here. In the last three months, insiders sold 324,268 shares of company stock worth $30,498,464. 1.27% of the stock is currently owned by insiders.

Several research analysts have commented on the stock. UBS AG boosted their price objective on shares of Northern Trust Corporation from $100.00 to $109.00 and gave the company a “buy” rating in a research report on Thursday, October 19th. Buckingham Research boosted their price objective on shares of Northern Trust Corporation from $95.00 to $97.00 and gave the company a “neutral” rating in a research report on Thursday, October 19th. Morgan Stanley boosted their price objective on shares of Northern Trust Corporation from $83.00 to $91.00 and gave the company an “underweight” rating in a research report on Thursday, October 19th. Bank of America Corporation set a $102.00 price objective on shares of Northern Trust Corporation and gave the company a “buy” rating in a research report on Thursday, October 19th. Finally, Citigroup Inc. restated a “neutral” rating and set a $92.00 price objective (up from $90.00) on shares of Northern Trust Corporation in a research report on Monday, October 9th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. Northern Trust Corporation has a consensus rating of “Hold” and an average target price of $97.07.

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About Northern Trust Corporation

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.

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

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