Artemis Investment Management LLP Buys Shares of 28,344 Northern Trust Co. (NASDAQ:NTRS)

Artemis Investment Management LLP bought a new stake in shares of Northern Trust Co. (NASDAQ:NTRSGet Rating) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 28,344 shares of the asset manager’s stock, valued at approximately $3,385,000.

A number of other hedge funds have also modified their holdings of NTRS. Moors & Cabot Inc. raised its holdings in Northern Trust by 599.3% during the 3rd quarter. Moors & Cabot Inc. now owns 25,000 shares of the asset manager’s stock valued at $25,000 after acquiring an additional 21,425 shares during the period. Trust Co. of Vermont bought a new stake in Northern Trust during the 4th quarter valued at $36,000. CVA Family Office LLC bought a new stake in Northern Trust during the 4th quarter valued at $56,000. BerganKDV Wealth Management LLC raised its holdings in Northern Trust by 36.0% during the 3rd quarter. BerganKDV Wealth Management LLC now owns 544 shares of the asset manager’s stock valued at $59,000 after acquiring an additional 144 shares during the period. Finally, Widmann Financial Services Inc. bought a new stake in Northern Trust during the 4th quarter valued at $71,000. 80.02% of the stock is currently owned by institutional investors and hedge funds.

NTRS opened at $103.05 on Friday. The stock has a market cap of $21.43 billion, a PE ratio of 14.31 and a beta of 1.12. The company has a quick ratio of 0.69, a current ratio of 0.68 and a debt-to-equity ratio of 0.33. Northern Trust Co. has a 52 week low of $102.39 and a 52 week high of $135.15. The business’s fifty day simple moving average is $112.32 and its 200 day simple moving average is $118.50.

Northern Trust (NASDAQ:NTRSGet Rating) last posted its quarterly earnings results on Tuesday, April 26th. The asset manager reported $1.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.13. Northern Trust had a net margin of 23.57% and a return on equity of 14.30%. The business had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.69 billion. During the same period in the prior year, the business posted $1.70 earnings per share. The company’s revenue was up 8.5% on a year-over-year basis. As a group, equities analysts anticipate that Northern Trust Co. will post 7.9 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 1st. Shareholders of record on Friday, June 10th will be given a dividend of $0.70 per share. The ex-dividend date is Thursday, June 9th. This represents a $2.80 annualized dividend and a yield of 2.72%. Northern Trust’s payout ratio is 38.89%.

Several research analysts have recently weighed in on NTRS shares. StockNews.com started coverage on shares of Northern Trust in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Keefe, Bruyette & Woods raised shares of Northern Trust from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $130.00 to $152.00 in a report on Monday, January 10th. Morgan Stanley decreased their price target on shares of Northern Trust from $135.00 to $126.00 and set an “equal weight” rating on the stock in a report on Monday, March 28th. Barclays upped their price target on shares of Northern Trust from $131.00 to $133.00 in a report on Monday, January 3rd. Finally, Seaport Res Ptn raised shares of Northern Trust from a “neutral” rating to a “buy” rating in a report on Wednesday, January 5th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Northern Trust currently has an average rating of “Hold” and an average target price of $129.75.

In other news, CFO Jason J. Tyler sold 1,936 shares of the stock in a transaction dated Monday, January 31st. The shares were sold at an average price of $115.60, for a total transaction of $223,801.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Lauren E. Allnutt sold 393 shares of the stock in a transaction dated Thursday, March 10th. The stock was sold at an average price of $105.61, for a total transaction of $41,504.73. The disclosure for this sale can be found here. Corporate insiders own 0.55% of the company’s stock.

Northern Trust Profile (Get Rating)

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, Corporate & Institutional Services (C&IS) and Wealth Management.

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Institutional Ownership by Quarter for Northern Trust (NASDAQ:NTRS)

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