Rockefeller Capital Management L.P. Sells 4,057 Shares of Northern Trust Corporation $NTRS

Rockefeller Capital Management L.P. reduced its stake in Northern Trust Corporation (NASDAQ:NTRS) by 17.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,997 shares of the asset manager’s stock after selling 4,057 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Northern Trust were worth $2,595,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. CWM LLC increased its position in shares of Northern Trust by 122.6% during the 4th quarter. CWM LLC now owns 48,284 shares of the asset manager’s stock worth $6,595,000 after purchasing an additional 26,594 shares during the last quarter. iSAM Funds UK Ltd acquired a new stake in shares of Northern Trust in the 3rd quarter valued at approximately $2,253,000. Cinctive Capital Management LP grew its stake in shares of Northern Trust by 113.7% in the third quarter. Cinctive Capital Management LP now owns 28,939 shares of the asset manager’s stock valued at $3,895,000 after buying an additional 15,398 shares in the last quarter. Barclays PLC grew its stake in shares of Northern Trust by 62.4% in the third quarter. Barclays PLC now owns 1,042,084 shares of the asset manager’s stock valued at $140,265,000 after buying an additional 400,247 shares in the last quarter. Finally, Swiss Life Asset Management Ltd increased its holdings in Northern Trust by 119.9% during the third quarter. Swiss Life Asset Management Ltd now owns 83,175 shares of the asset manager’s stock worth $11,195,000 after buying an additional 45,356 shares during the last quarter. 83.19% of the stock is owned by institutional investors and hedge funds.

Northern Trust Stock Up 0.6%

Northern Trust stock opened at $174.91 on Tuesday. The company’s 50-day moving average price is $168.03 and its two-hundred day moving average price is $152.30. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.51. The stock has a market cap of $32.37 billion, a P/E ratio of 18.32, a P/E/G ratio of 1.24 and a beta of 1.25. Northern Trust Corporation has a twelve month low of $118.99 and a twelve month high of $178.70.

Northern Trust (NASDAQ:NTRS) last issued its quarterly earnings data on Tuesday, April 21st. The asset manager reported $2.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.37 by $0.34. Northern Trust had a return on equity of 15.94% and a net margin of 12.84%.The company had revenue of $2.21 billion during the quarter, compared to analysts’ expectations of $2.13 billion. During the same quarter in the previous year, the company posted $1.90 earnings per share. The business’s revenue was up 13.8% on a year-over-year basis. As a group, analysts expect that Northern Trust Corporation will post 10.72 EPS for the current year.

Northern Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Friday, June 5th will be paid a $0.80 dividend. The ex-dividend date is Friday, June 5th. This represents a $3.20 annualized dividend and a yield of 1.8%. Northern Trust’s payout ratio is 33.51%.

Analyst Ratings Changes

NTRS has been the subject of a number of analyst reports. Wells Fargo & Company lifted their price objective on shares of Northern Trust from $175.00 to $189.00 and gave the company an “equal weight” rating in a research report on Wednesday, June 24th. BMO Capital Markets upgraded shares of Northern Trust from a “market perform” rating to an “outperform” rating and set a $168.00 target price for the company in a research note on Monday, April 6th. Barclays lifted their price target on Northern Trust from $160.00 to $176.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 22nd. JPMorgan Chase & Co. boosted their price target on Northern Trust from $153.50 to $170.00 and gave the stock a “neutral” rating in a research report on Monday, May 11th. Finally, UBS Group set a $186.00 price objective on Northern Trust in a research note on Friday. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Northern Trust has a consensus rating of “Hold” and an average price target of $169.92.

Insider Buying and Selling at Northern Trust

In other news, Director Robert Edward Jr. Moritz bought 225 shares of the company’s stock in a transaction dated Friday, May 1st. The stock was bought at an average price of $166.41 per share, with a total value of $37,442.25. Following the completion of the acquisition, the director owned 8,145 shares of the company’s stock, valued at $1,355,409.45. This represents a 2.84% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Clive Bellows sold 2,800 shares of the business’s stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $165.02, for a total transaction of $462,056.00. Following the completion of the sale, the insider directly owned 28,217 shares of the company’s stock, valued at approximately $4,656,369.34. The trade was a 9.03% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 22,800 shares of company stock valued at $3,785,251 in the last ninety days. 0.66% of the stock is currently owned by corporate insiders.

About Northern Trust

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.