Guidant Wealth Advisors lessened its holdings in Northern Trust Co. (NASDAQ:NTRS) by 16.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,304 shares of the asset manager’s stock after selling 451 shares during the quarter. Guidant Wealth Advisors’ holdings in Northern Trust were worth $192,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in NTRS. Morgan Stanley lifted its position in Northern Trust by 112.2% during the 3rd quarter. Morgan Stanley now owns 1,933,544 shares of the asset manager’s stock worth $197,472,000 after buying an additional 1,022,270 shares in the last quarter. Mackenzie Financial Corp lifted its position in Northern Trust by 118.1% during the 3rd quarter. Mackenzie Financial Corp now owns 1,852,696 shares of the asset manager’s stock worth $189,216,000 after buying an additional 1,003,404 shares in the last quarter. Glenmede Trust Co. NA lifted its position in Northern Trust by 169.1% during the 3rd quarter. Glenmede Trust Co. NA now owns 1,494,466 shares of the asset manager’s stock worth $152,628,000 after buying an additional 939,075 shares in the last quarter. Vanguard Group Inc lifted its position in Northern Trust by 3.5% during the 3rd quarter. Vanguard Group Inc now owns 15,444,690 shares of the asset manager’s stock worth $1,577,366,000 after buying an additional 517,705 shares in the last quarter. Finally, Federated Investors Inc. PA lifted its position in Northern Trust by 133.1% during the 3rd quarter. Federated Investors Inc. PA now owns 674,967 shares of the asset manager’s stock worth $68,935,000 after buying an additional 385,455 shares in the last quarter. 79.12% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NASDAQ:NTRS traded up $1.60 during midday trading on Friday, hitting $90.78. The stock had a trading volume of 102,403 shares, compared to its average volume of 1,367,848. Northern Trust Co. has a 12 month low of $75.96 and a 12 month high of $115.61. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $19.58 billion, a PE ratio of 18.79, a P/E/G ratio of 1.23 and a beta of 1.08.
Northern Trust (NASDAQ:NTRS) last released its earnings results on Wednesday, October 17th. The asset manager reported $1.58 earnings per share for the quarter, missing the consensus estimate of $1.61 by ($0.03). Northern Trust had a net margin of 23.28% and a return on equity of 15.75%. The firm had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.52 billion. During the same period in the prior year, the business posted $1.20 earnings per share. Northern Trust’s quarterly revenue was up 9.4% compared to the same quarter last year. On average, equities analysts predict that Northern Trust Co. will post 6.54 earnings per share for the current fiscal year.
A number of research analysts have issued reports on NTRS shares. Bank of America downgraded shares of Northern Trust from a “buy” rating to a “neutral” rating and set a $84.89 target price on the stock. in a research report on Friday, January 11th. Zacks Investment Research downgraded shares of Northern Trust from a “hold” rating to a “sell” rating in a research report on Monday, December 31st. BidaskClub downgraded shares of Northern Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, December 11th. Morgan Stanley cut their price target on shares of Northern Trust from $109.00 to $96.00 and set an “underweight” rating on the stock in a research report on Tuesday, January 8th. Finally, Credit Suisse Group cut their price target on shares of Northern Trust from $110.00 to $105.00 and set a “neutral” rating on the stock in a research report on Friday, December 7th. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Northern Trust currently has a consensus rating of “Hold” and a consensus price target of $114.05.
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Northern Trust Profile
Northern Trust Corporation, a financial holding company, provides asset servicing, fund administration, asset management, fiduciary, and banking solutions for corporations, institutions, families, and individuals worldwide. It operates through Corporate & Institutional Services (C&IS) and Wealth Management segments.
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