Northern Trust Co. (NASDAQ:NTRS) is AIA Group Ltd’s 9th Largest Position

AIA Group Ltd increased its holdings in Northern Trust Co. (NASDAQ:NTRS) by 1.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 577,994 shares of the asset manager’s stock after acquiring an additional 10,786 shares during the quarter. Northern Trust makes up about 2.0% of AIA Group Ltd’s holdings, making the stock its 9th biggest position. AIA Group Ltd’s holdings in Northern Trust were worth $48,771,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Norges Bank acquired a new stake in Northern Trust during the 4th quarter worth approximately $134,901,000. Morgan Stanley lifted its holdings in shares of Northern Trust by 52.1% during the fourth quarter. Morgan Stanley now owns 2,014,774 shares of the asset manager’s stock worth $178,287,000 after purchasing an additional 689,920 shares during the period. Eaton Vance Management grew its position in Northern Trust by 1,080.5% in the 1st quarter. Eaton Vance Management now owns 600,908 shares of the asset manager’s stock valued at $69,974,000 after buying an additional 550,006 shares during the last quarter. Vanguard Group Inc. increased its stake in Northern Trust by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 22,711,584 shares of the asset manager’s stock valued at $2,644,763,000 after buying an additional 457,748 shares during the period. Finally, Wellington Management Group LLP raised its position in Northern Trust by 17.7% during the 3rd quarter. Wellington Management Group LLP now owns 2,415,790 shares of the asset manager’s stock worth $167,849,000 after buying an additional 363,747 shares during the last quarter. Hedge funds and other institutional investors own 83.19% of the company’s stock.

Northern Trust Price Performance

Shares of Northern Trust stock traded down $0.05 on Thursday, hitting $81.18. The company’s stock had a trading volume of 799,716 shares, compared to its average volume of 1,503,930. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.61. The firm has a fifty day moving average price of $83.17 and a 200-day moving average price of $78.82. Northern Trust Co. has a 52-week low of $62.44 and a 52-week high of $89.25. The company has a market capitalization of $16.56 billion, a P/E ratio of 18.02, a price-to-earnings-growth ratio of 1.64 and a beta of 1.13.

Northern Trust (NASDAQ:NTRS) last released its quarterly earnings results on Thursday, January 18th. The asset manager reported $0.52 EPS for the quarter, missing the consensus estimate of $1.33 by ($0.81). Northern Trust had a net margin of 7.59% and a return on equity of 12.57%. The business had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.71 billion. During the same quarter in the prior year, the company earned $1.65 earnings per share. The firm’s revenue for the quarter was up 1.9% compared to the same quarter last year. On average, equities research analysts expect that Northern Trust Co. will post 6.57 earnings per share for the current fiscal year.

Northern Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 7th will be issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 3.70%. The ex-dividend date is Friday, June 7th. Northern Trust’s dividend payout ratio (DPR) is presently 66.23%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on NTRS. UBS Group lifted their target price on shares of Northern Trust from $72.00 to $84.00 and gave the company a “neutral” rating in a report on Tuesday, January 9th. Royal Bank of Canada boosted their target price on Northern Trust from $82.00 to $86.00 and gave the stock an “outperform” rating in a research report on Friday, January 19th. Bank of America raised their price target on Northern Trust from $93.00 to $101.00 and gave the company a “buy” rating in a report on Wednesday. Wolfe Research cut Northern Trust from a “peer perform” rating to an “underperform” rating and set a $85.00 price objective for the company. in a research report on Wednesday, January 3rd. Finally, Barclays boosted their target price on shares of Northern Trust from $90.00 to $98.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 2nd. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $84.92.

Insider Buying and Selling at Northern Trust

In other news, insider Steven L. Fradkin sold 30,392 shares of the business’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $80.11, for a total value of $2,434,703.12. Following the completion of the transaction, the insider now directly owns 55,707 shares of the company’s stock, valued at $4,462,687.77. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.64% of the stock is 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.