Caisse DE Depot ET Placement DU Quebec cut its holdings in shares of Northern Trust Co. (NASDAQ:NTRS) by 14.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,508 shares of the asset manager’s stock after selling 4,300 shares during the quarter. Caisse DE Depot ET Placement DU Quebec’s holdings in Northern Trust were worth $2,548,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of NTRS. Alyeska Investment Group L.P. acquired a new position in shares of Northern Trust during the third quarter worth approximately $128,778,000. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Northern Trust by 217.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 696,406 shares of the asset manager’s stock worth $69,564,000 after buying an additional 477,120 shares during the last quarter. Alliancebernstein L.P. lifted its holdings in shares of Northern Trust by 72.0% during the fourth quarter. Alliancebernstein L.P. now owns 1,107,116 shares of the asset manager’s stock worth $110,590,000 after buying an additional 463,342 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Northern Trust by 14.9% during the third quarter. Bank of New York Mellon Corp now owns 1,965,535 shares of the asset manager’s stock worth $180,691,000 after buying an additional 255,106 shares during the last quarter. Finally, Point72 Asset Management L.P. acquired a new position in shares of Northern Trust during the third quarter worth approximately $23,359,000. Institutional investors own 79.49% of the company’s stock.
In other Northern Trust news, Vice Chairman Stephen N. Potter sold 10,000 shares of the company’s stock in a transaction on Friday, January 26th. The stock was sold at an average price of $106.14, for a total value of $1,061,400.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Aileen B. Blake sold 3,000 shares of the company’s stock in a transaction on Friday, January 26th. The shares were sold at an average price of $105.32, for a total value of $315,960.00. The disclosure for this sale can be found here. Insiders sold 189,457 shares of company stock worth $20,188,250 over the last quarter. Company insiders own 1.04% of the company’s stock.
Shares of Northern Trust Co. (NTRS) opened at $108.55 on Wednesday. Northern Trust Co. has a 1 year low of $83.17 and a 1 year high of $110.81. The firm has a market capitalization of $24,971.90, a price-to-earnings ratio of 22.06, a price-to-earnings-growth ratio of 1.45 and a beta of 0.95. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.71 and a quick ratio of 0.71.
Northern Trust (NASDAQ:NTRS) last announced its quarterly earnings results on Wednesday, January 24th. The asset manager reported $1.35 earnings per share for the quarter, beating analysts’ consensus estimates of $1.30 by $0.05. Northern Trust had a return on equity of 12.77% and a net margin of 20.98%. The firm had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.41 billion. During the same period in the prior year, the business posted $1.11 earnings per share. The business’s revenue was up 15.6% compared to the same quarter last year. equities research analysts anticipate 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. Shareholders of record on Friday, March 9th will be given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date of this dividend is Thursday, March 8th. Northern Trust’s dividend payout ratio (DPR) is 34.15%.
Northern Trust 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.
Receive News & Ratings for Northern Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northern Trust and related companies with MarketBeat.com's FREE daily email newsletter.