Flinton Capital Management LLC lifted its holdings in Northern Trust Co. (NASDAQ:NTRS) by 45.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 111,160 shares of the asset manager’s stock after acquiring an additional 34,916 shares during the quarter. Flinton Capital Management LLC’s holdings in Northern Trust were worth $11,104,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in NTRS. Field & Main Bank bought a new position in Northern Trust in the 4th quarter worth approximately $100,000. Truewealth LLC bought a new position in Northern Trust in the 4th quarter worth approximately $110,000. Cerebellum GP LLC bought a new position in Northern Trust in the 4th quarter worth approximately $132,000. Mission Wealth Management LP bought a new position in Northern Trust in the 4th quarter worth approximately $200,000. Finally, Hollencrest Capital Management bought a new position in Northern Trust in the 4th quarter worth approximately $210,000. 79.49% of the stock is currently owned by institutional investors and hedge funds.
In other Northern Trust news, 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 transaction of $315,960.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jeffrey D. Cohodes sold 30,917 shares of the company’s stock in a transaction on Friday, January 26th. The shares were sold at an average price of $105.29, for a total transaction of $3,255,250.93. The disclosure for this sale can be found here. Insiders have sold a total of 189,457 shares of company stock valued at $20,188,250 in the last quarter. Corporate insiders own 1.04% of the company’s stock.
Shares of Northern Trust Co. (NASDAQ:NTRS) opened at $108.55 on Wednesday. The company has a market cap of $24,703.46, a price-to-earnings ratio of 22.72, a price-to-earnings-growth ratio of 1.44 and a beta of 0.95. Northern Trust Co. has a 1 year low of $83.17 and a 1 year high of $110.81. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.35.
Northern Trust (NASDAQ:NTRS) last issued its earnings results on Wednesday, January 24th. The asset manager reported $1.35 EPS for the quarter, beating the consensus estimate of $1.30 by $0.05. The company had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.41 billion. Northern Trust had a net margin of 20.98% and a return on equity of 12.77%. The business’s revenue for the quarter was up 15.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.11 EPS. equities research analysts forecast that Northern Trust Co. will post 6.1 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Sunday, April 1st. Shareholders of record on Friday, March 9th will be given 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 is Thursday, March 8th. Northern Trust’s payout ratio is 34.15%.
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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.
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