HBK Investments L P grew its position in shares of Northern Trust Co. (NASDAQ:NTRS) by 241.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 71,649 shares of the asset manager’s stock after purchasing an additional 50,649 shares during the period. HBK Investments L P’s holdings in Northern Trust were worth $7,157,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Field & Main Bank purchased a new stake in shares of Northern Trust during the fourth quarter worth $100,000. Truewealth LLC purchased a new stake in shares of Northern Trust during the fourth quarter worth $110,000. Cerebellum GP LLC purchased a new stake in shares of Northern Trust during the fourth quarter worth $132,000. Mission Wealth Management LP purchased a new stake in shares of Northern Trust during the fourth quarter worth $200,000. Finally, Legacy Capital Partners Inc. purchased a new stake in shares of Northern Trust during the fourth quarter worth $210,000. Institutional investors own 79.49% of the company’s stock.
A number of analysts have recently weighed in on NTRS shares. Credit Suisse Group upped their price objective on Northern Trust from $99.00 to $100.00 and gave the stock a “neutral” rating in a research report on Thursday, January 25th. Morgan Stanley upped their price objective on Northern Trust from $104.00 to $110.00 and gave the stock an “underweight” rating in a research report on Friday, February 2nd. BidaskClub raised Northern Trust from a “sell” rating to a “hold” rating in a research report on Friday, February 23rd. Bank of America upped their price objective on Northern Trust from $112.00 to $116.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. Finally, Zacks Investment Research lowered Northern Trust from a “buy” rating to a “hold” rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and five have issued a buy rating to the company. Northern Trust presently has an average rating of “Hold” and an average price target of $104.81.
Northern Trust Co. (NASDAQ:NTRS) opened at $108.55 on Wednesday. The company has a market capitalization of $24,703.46, a price-to-earnings ratio of 22.72, a P/E/G ratio of 1.44 and a beta of 0.95. Northern Trust Co. has a twelve month low of $83.17 and a twelve month high of $110.81. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.35.
Northern Trust (NASDAQ:NTRS) last issued its quarterly earnings data 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 for the quarter, compared to analyst estimates of $1.41 billion. Northern Trust had a return on equity of 12.77% and a net margin of 20.98%. The business’s quarterly revenue was up 15.6% compared to the same quarter last year. During the same quarter last year, the company posted $1.11 earnings per share. equities analysts expect that Northern Trust Co. will post 6.1 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Sunday, April 1st. Shareholders of record on Friday, March 9th will be issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 1.55%. The ex-dividend date of this dividend is Thursday, March 8th. Northern Trust’s payout ratio is 34.15%.
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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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