ABN Amro Investment Solutions Sells 15,410 Shares of Northern Trust Corporation $NTRS

ABN Amro Investment Solutions lessened its stake in Northern Trust Corporation (NASDAQ:NTRS) by 31.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 33,575 shares of the asset manager’s stock after selling 15,410 shares during the quarter. ABN Amro Investment Solutions’ holdings in Northern Trust were worth $4,519,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. FNY Investment Advisers LLC purchased a new position in shares of Northern Trust during the 2nd quarter valued at $25,000. Hantz Financial Services Inc. raised its stake in shares of Northern Trust by 5,225.0% during the 2nd quarter. Hantz Financial Services Inc. now owns 213 shares of the asset manager’s stock valued at $27,000 after purchasing an additional 209 shares during the period. AlphaCore Capital LLC lifted its holdings in Northern Trust by 87.4% during the 2nd quarter. AlphaCore Capital LLC now owns 208 shares of the asset manager’s stock worth $27,000 after purchasing an additional 97 shares in the last quarter. Clearstead Trust LLC purchased a new stake in Northern Trust during the 2nd quarter worth about $29,000. Finally, Caldwell Trust Co bought a new position in Northern Trust in the 2nd quarter worth about $48,000. 83.19% of the stock is owned by institutional investors.

Northern Trust Stock Performance

NASDAQ:NTRS opened at $146.38 on Monday. The company has a market capitalization of $27.68 billion, a price-to-earnings ratio of 16.75, a PEG ratio of 1.18 and a beta of 1.27. The business has a 50 day moving average of $143.94 and a 200 day moving average of $134.24. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.69 and a quick ratio of 0.70. Northern Trust Corporation has a 1-year low of $81.62 and a 1-year high of $157.60.

Northern Trust (NASDAQ:NTRS) last posted its quarterly earnings results on Friday, January 30th. The asset manager reported $2.42 EPS for the quarter, topping the consensus estimate of $2.37 by $0.05. The firm had revenue of $3.15 billion for the quarter. Northern Trust had a net margin of 12.15% and a return on equity of 14.87%. The company’s revenue was up 8.4% compared to the same quarter last year. During the same period last year, the business posted $2.26 earnings per share. On average, sell-side analysts predict that Northern Trust Corporation will post 8.27 earnings per share for the current fiscal year.

Northern Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Friday, March 6th will be given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 2.2%. The ex-dividend date is Friday, March 6th. Northern Trust’s dividend payout ratio is presently 36.61%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on NTRS. Wall Street Zen upgraded Northern Trust from a “sell” rating to a “hold” rating in a research report on Saturday, December 27th. Citigroup increased their target price on shares of Northern Trust from $143.00 to $162.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 27th. Keefe, Bruyette & Woods boosted their price target on shares of Northern Trust from $123.00 to $125.00 and gave the company an “underperform” rating in a research report on Thursday, October 23rd. Zacks Research upgraded Northern Trust from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 23rd. Finally, Wells Fargo & Company boosted their price objective on Northern Trust from $145.00 to $150.00 and gave the stock an “equal weight” rating in a report on Friday, January 23rd. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, Northern Trust has an average rating of “Hold” and a consensus price target of $148.75.

Insider Activity

In related news, insider Guy Gibson sold 1,043 shares of the stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $147.43, for a total transaction of $153,769.49. Following the completion of the sale, the insider directly owned 35,013 shares in the company, valued at $5,161,966.59. This represents a 2.89% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Richard Petrino purchased 1,000 shares of Northern Trust stock in a transaction that occurred on Thursday, February 5th. The shares were bought at an average price of $148.91 per share, for a total transaction of $148,910.00. Following the completion of the transaction, the director owned 3,332 shares in the company, valued at $496,168.12. The trade was a 42.88% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last ninety days, insiders sold 27,191 shares of company stock valued at $4,061,028. Company insiders own 0.77% of the company’s stock.

Northern Trust Company Profile

Northern Trust Corporation (NASDAQ: NTRS) is a global financial services firm headquartered in Chicago that provides asset servicing, asset management and wealth management solutions to institutions, corporations and high-net-worth individuals. The company’s core businesses include custody and fund administration, investment operations outsourcing, trust and fiduciary services, private banking, and retirement and defined contribution plan services.

Northern Trust’s product and service offerings span custody and fund accounting, portfolio and performance analytics, securities lending, cash management and foreign exchange, as well as discretionary and non-discretionary investment management.