Thompson Investment Management Inc. Sells 178 Shares of Northern Trust Co. (NASDAQ:NTRS)

Thompson Investment Management Inc. lessened its holdings in shares of Northern Trust Co. (NASDAQ:NTRS) by 0.2% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 73,584 shares of the asset manager’s stock after selling 178 shares during the period. Thompson Investment Management Inc.’s holdings in Northern Trust were worth $6,543,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Deutsche Bank AG grew its holdings in shares of Northern Trust by 8.1% during the third quarter. Deutsche Bank AG now owns 597,143 shares of the asset manager’s stock worth $41,489,000 after purchasing an additional 44,516 shares during the last quarter. Bayesian Capital Management LP lifted its stake in Northern Trust by 986.3% in the fourth quarter. Bayesian Capital Management LP now owns 37,900 shares of the asset manager’s stock valued at $3,198,000 after buying an additional 34,411 shares during the period. Financiere des Professionnels Fonds d investissement inc. lifted its stake in Northern Trust by 51.3% in the fourth quarter. Financiere des Professionnels Fonds d investissement inc. now owns 70,384 shares of the asset manager’s stock valued at $5,939,000 after buying an additional 23,859 shares during the period. Benjamin F. Edwards & Company Inc. lifted its stake in Northern Trust by 17,074.2% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 74,021 shares of the asset manager’s stock valued at $6,246,000 after buying an additional 73,590 shares during the period. Finally, HB Wealth Management LLC acquired a new position in Northern Trust in the fourth quarter valued at about $227,000. Institutional investors own 83.19% of the company’s stock.

Northern Trust Stock Down 0.1 %

Shares of NASDAQ:NTRS traded down $0.12 during trading on Wednesday, hitting $81.94. 219,874 shares of the company were exchanged, compared to its average volume of 1,384,996. The stock has a market cap of $16.76 billion, a price-to-earnings ratio of 18.06, a P/E/G ratio of 1.16 and a beta of 1.10. Northern Trust Co. has a fifty-two week low of $62.44 and a fifty-two week high of $89.25. The firm has a fifty day moving average price of $83.52 and a two-hundred day moving average price of $83.15. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.61.

Northern Trust (NASDAQ:NTRS) last issued its earnings results on Tuesday, April 16th. The asset manager reported $1.70 EPS for the quarter, topping the consensus estimate of $1.47 by $0.23. The company had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.79 billion. Northern Trust had a return on equity of 12.57% and a net margin of 7.59%. As a group, research analysts anticipate that Northern Trust Co. will post 6.88 earnings per share for the current fiscal year.

Northern Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 7th will be paid a $0.75 dividend. The ex-dividend date of this dividend is Friday, June 7th. This represents a $3.00 annualized dividend and a yield of 3.66%. Northern Trust’s dividend payout ratio (DPR) is presently 66.23%.

Insider Activity at Northern Trust

In related news, insider Steven L. Fradkin sold 4,097 shares of the business’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $82.56, for a total value of $338,248.32. Following the completion of the sale, the insider now directly owns 46,078 shares in the company, valued at approximately $3,804,199.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Peter Cherecwich sold 12,000 shares of the company’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $87.09, for a total transaction of $1,045,080.00. Following the completion of the sale, the insider now directly owns 31,471 shares in the company, valued at approximately $2,740,809.39. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Steven L. Fradkin sold 4,097 shares of the company’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $82.56, for a total value of $338,248.32. Following the sale, the insider now owns 46,078 shares of the company’s stock, valued at $3,804,199.68. The disclosure for this sale can be found here. 0.64% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Evercore ISI lifted their price objective on Northern Trust from $86.00 to $87.00 and gave the company an “in-line” rating in a report on Thursday, April 4th. Bank of America lifted their price objective on Northern Trust from $93.00 to $101.00 and gave the company a “buy” rating in a report on Wednesday, April 17th. Finally, Jefferies Financial Group lifted their price objective on Northern Trust from $101.00 to $103.00 and gave the company a “buy” rating in a report on Thursday, April 18th. Two analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $85.82.

Northern Trust Company 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.