Blair William & Co. IL Sells 12,747 Shares of Northern Trust Co. (NASDAQ:NTRS)

Blair William & Co. IL trimmed its holdings in shares of Northern Trust Co. (NASDAQ:NTRS) by 7.9% during the second quarter, Holdings Channel.com reports. The institutional investor owned 147,855 shares of the asset manager’s stock after selling 12,747 shares during the quarter. Blair William & Co. IL’s holdings in Northern Trust were worth $12,417,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bayesian Capital Management LP boosted its stake in Northern Trust by 986.3% during the fourth quarter. Bayesian Capital Management LP now owns 37,900 shares of the asset manager’s stock worth $3,198,000 after acquiring an additional 34,411 shares in the last quarter. CANADA LIFE ASSURANCE Co grew its stake in shares of Northern Trust by 6.8% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 360,640 shares of the asset manager’s stock valued at $32,111,000 after buying an additional 23,020 shares during the period. Sequoia Financial Advisors LLC increased its position in Northern Trust by 557.8% in the 1st quarter. Sequoia Financial Advisors LLC now owns 30,813 shares of the asset manager’s stock valued at $2,740,000 after buying an additional 26,129 shares in the last quarter. Bessemer Group Inc. raised its stake in Northern Trust by 668.0% during the 1st quarter. Bessemer Group Inc. now owns 20,205 shares of the asset manager’s stock worth $1,797,000 after buying an additional 17,574 shares during the period. Finally, AIA Group Ltd boosted its holdings in Northern Trust by 4.3% in the first quarter. AIA Group Ltd now owns 602,785 shares of the asset manager’s stock worth $53,600,000 after acquiring an additional 24,791 shares in the last quarter. 83.19% of the stock is currently owned by institutional investors.

Northern Trust Stock Performance

NTRS stock opened at $92.62 on Friday. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.58. The firm has a market cap of $18.95 billion, a PE ratio of 20.45, a P/E/G ratio of 1.46 and a beta of 1.08. The business has a 50 day moving average of $87.53 and a 200-day moving average of $85.21. Northern Trust Co. has a 12-month low of $62.44 and a 12-month high of $92.66.

Northern Trust (NASDAQ:NTRS) last announced its quarterly earnings data on Wednesday, July 17th. The asset manager reported $1.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.75 by $0.03. The firm had revenue of $2.72 billion during the quarter, compared to the consensus estimate of $1.84 billion. Northern Trust had a return on equity of 12.24% and a net margin of 10.53%. The business’s revenue for the quarter was up 53.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.79 EPS. As a group, sell-side analysts expect that Northern Trust Co. will post 7.01 earnings per share for the current year.

Northern Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Friday, September 6th will be given a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 3.24%. The ex-dividend date is Friday, September 6th. Northern Trust’s dividend payout ratio is 66.23%.

Analyst Ratings Changes

Several research firms have recently commented on NTRS. Deutsche Bank Aktiengesellschaft decreased their price objective on Northern Trust from $85.00 to $84.00 and set a “hold” rating for the company in a report on Thursday, August 15th. The Goldman Sachs Group lowered their price objective on shares of Northern Trust from $94.00 to $84.00 and set a “neutral” rating on the stock in a report on Tuesday, July 2nd. Royal Bank of Canada lifted their price objective on shares of Northern Trust from $86.00 to $90.00 and gave the company an “outperform” rating in a report on Thursday, July 18th. Keefe, Bruyette & Woods lowered their target price on shares of Northern Trust from $92.00 to $85.00 and set a “market perform” rating on the stock in a report on Thursday, June 27th. Finally, Morgan Stanley dropped their price target on shares of Northern Trust from $97.00 to $93.00 and set an “underweight” rating on the stock in a research report on Tuesday, July 30th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $88.75.

Insider Buying and Selling at Northern Trust

In other news, EVP Mark C. Gossett sold 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $88.90, for a total transaction of $533,400.00. Following the completion of the sale, the executive vice president now owns 28,707 shares in the company, valued at approximately $2,552,052.30. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Northern Trust news, EVP Mark C. Gossett sold 6,000 shares of the stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $88.90, for a total transaction of $533,400.00. Following the completion of the transaction, the executive vice president now directly owns 28,707 shares of the company’s stock, valued at $2,552,052.30. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Teresa Parker sold 5,883 shares of the business’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $84.06, for a total value of $494,524.98. Following the completion of the sale, the executive vice president now owns 83,765 shares in the company, valued at $7,041,285.90. The disclosure for this sale can be found here. Insiders have sold a total of 13,738 shares of company stock worth $1,191,388 over the last three months. 0.64% of the stock is currently owned by insiders.

Northern Trust Profile

Northern Trust Corporation, a financial holding company, provides wealth management, asset servicing, asset management, and banking solutions for corporations, institutions, families, and individuals worldwide. It operates in two segments, Asset Servicing and Wealth Management. The Asset Servicing segment offers asset servicing and related services, including custody, fund administration, investment operations outsourcing, investment management, investment risk and analytical services, employee benefit services, securities lending, foreign exchange, treasury management, brokerage services, transition management services, banking, and cash management services.