Deutsche Bank AG raised its position in shares of Northern Trust Co. (NASDAQ:NTRS) by 20.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 761,300 shares of the asset manager’s stock after acquiring an additional 129,514 shares during the period. Deutsche Bank AG owned approximately 0.33% of Northern Trust worth $76,040,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Field & Main Bank bought a new stake in shares of Northern Trust in the fourth quarter valued at approximately $100,000. Truewealth LLC bought a new stake in shares of Northern Trust in the fourth quarter valued at approximately $110,000. Cerebellum GP LLC bought a new stake in shares of Northern Trust in the fourth quarter valued at approximately $132,000. Mission Wealth Management LP bought a new stake in shares of Northern Trust in the fourth quarter valued at approximately $200,000. Finally, Hollencrest Capital Management bought a new stake in shares of Northern Trust in the fourth quarter valued at approximately $210,000. Institutional investors own 79.49% of the company’s stock.
Several brokerages recently issued reports on NTRS. Sandler O’Neill reiterated a “hold” rating and issued a $105.00 price target on shares of Northern Trust in a research note on Wednesday, January 10th. Wells Fargo & Co set a $105.00 price target on Northern Trust and gave the company a “hold” rating in a research note on Wednesday, December 20th. Royal Bank of Canada upped their target price on Northern Trust to $110.00 and gave the stock an “outperform” rating in a research note on Thursday, January 25th. BidaskClub cut Northern Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, January 23rd. Finally, Zacks Investment Research upgraded Northern Trust from a “hold” rating to a “buy” rating and set a $110.00 target price for the company in a research note on Tuesday, December 19th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $104.81.
Northern Trust Co. (NASDAQ NTRS) opened at $109.51 on Tuesday. The stock has a market cap of $24,900.00, a price-to-earnings ratio of 23.35, a PEG ratio of 1.45 and a beta of 0.94. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.71 and a current ratio of 0.71. Northern Trust Co. has a 1-year low of $83.17 and a 1-year high of $110.81.
Northern Trust (NASDAQ:NTRS) last announced its quarterly earnings results on Wednesday, January 24th. The asset manager reported $1.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.30 by $0.05. The company had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.41 billion. Northern Trust had a net margin of 20.98% and a return on equity of 12.77%. The company’s revenue for the quarter was up 15.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.11 earnings per share. research analysts predict that Northern Trust Co. will post 6.1 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Sunday, April 1st. Stockholders of record on Friday, March 9th will be issued a dividend of $0.42 per share. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $1.68 annualized dividend and a dividend yield of 1.53%. Northern Trust’s dividend payout ratio (DPR) is presently 35.82%.
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About Northern Trust
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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