Northern Trust Co. (NASDAQ:NTRS) Shares Sold by Cascade Investment Advisors Inc.

Cascade Investment Advisors Inc. trimmed its holdings in shares of Northern Trust Co. (NASDAQ:NTRSGet Rating) by 0.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,446 shares of the asset manager’s stock after selling 135 shares during the quarter. Northern Trust makes up approximately 1.1% of Cascade Investment Advisors Inc.’s investment portfolio, making the stock its 22nd largest position. Cascade Investment Advisors Inc.’s holdings in Northern Trust were worth $1,847,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Trust Co. of Vermont purchased a new stake in shares of Northern Trust during the fourth quarter worth approximately $36,000. Allegheny Financial Group LTD purchased a new stake in shares of Northern Trust during the fourth quarter worth approximately $50,000. CVA Family Office LLC purchased a new stake in shares of Northern Trust during the fourth quarter worth approximately $56,000. BerganKDV Wealth Management LLC increased its position in shares of Northern Trust by 36.0% during the third quarter. BerganKDV Wealth Management LLC now owns 544 shares of the asset manager’s stock worth $59,000 after purchasing an additional 144 shares in the last quarter. Finally, Widmann Financial Services Inc. purchased a new stake in shares of Northern Trust during the fourth quarter worth approximately $71,000. 81.35% of the stock is owned by institutional investors and hedge funds.

NTRS traded up $1.58 during mid-day trading on Friday, hitting $104.15. 622,596 shares of the stock were exchanged, compared to its average volume of 850,728. The firm’s fifty day moving average is $110.99 and its two-hundred day moving average is $117.29. Northern Trust Co. has a 1-year low of $100.05 and a 1-year high of $135.15. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.33. The company has a market cap of $21.70 billion, a PE ratio of 14.47 and a beta of 1.13.

Northern Trust (NASDAQ:NTRSGet Rating) last posted its earnings results on Tuesday, April 26th. The asset manager reported $1.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.66 by $0.11. The firm had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.69 billion. Northern Trust had a return on equity of 14.30% and a net margin of 23.57%. Northern Trust’s revenue was up 8.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.70 EPS. As a group, research analysts anticipate that Northern Trust Co. will post 7.9 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, July 1st. Shareholders of record on Friday, June 10th will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date is Thursday, June 9th. Northern Trust’s dividend payout ratio is currently 38.89%.

NTRS has been the subject of several research reports. The Goldman Sachs Group upgraded Northern Trust from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $128.00 to $141.00 in a research report on Wednesday, March 30th. Deutsche Bank Aktiengesellschaft dropped their target price on Northern Trust from $149.00 to $145.00 in a report on Wednesday, April 27th. Morgan Stanley dropped their target price on Northern Trust from $135.00 to $126.00 and set an “equal weight” rating for the company in a report on Monday, March 28th. Citigroup dropped their target price on Northern Trust from $140.00 to $130.00 in a report on Tuesday, January 25th. Finally, StockNews.com assumed coverage on Northern Trust in a report on Thursday, March 31st. They issued a “hold” rating for the company. One analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $129.75.

In other Northern Trust news, EVP Lauren E. Allnutt sold 393 shares of the stock in a transaction dated Thursday, March 10th. The stock was sold at an average price of $105.61, for a total value of $41,504.73. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.55% of the stock is owned by company insiders.

Northern Trust Profile (Get Rating)

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, Corporate & Institutional Services (C&IS) and Wealth Management.

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

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