Country Trust Bank Has $214,000 Stake in Northern Trust Co. (NTRS)
Country Trust Bank held its position in Northern Trust Co. (NASDAQ:NTRS) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,470 shares of the asset manager’s stock at the end of the first quarter. Country Trust Bank’s holdings in Northern Trust were worth $214,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Hall Laurie J Trustee bought a new stake in shares of Northern Trust during the fourth quarter worth about $100,000. Trust Department MB Financial Bank N A increased its stake in shares of Northern Trust by 6.5% in the first quarter. Trust Department MB Financial Bank N A now owns 1,172 shares of the asset manager’s stock worth $101,000 after buying an additional 72 shares in the last quarter. Woodmont Investment Counsel LLC bought a new stake in shares of Northern Trust during the third quarter worth about $114,000. Bessemer Group Inc. increased its stake in shares of Northern Trust by 689.7% in the fourth quarter. Bessemer Group Inc. now owns 1,303 shares of the asset manager’s stock worth $116,000 after buying an additional 1,138 shares in the last quarter. Finally, Virtus Investment Advisers Inc. bought a new stake in shares of Northern Trust during the third quarter worth about $120,000. 79.48% of the stock is owned by hedge funds and other institutional investors.
Northern Trust Co. (NASDAQ:NTRS) traded down 0.10% during mid-day trading on Friday, hitting $87.36. The company had a trading volume of 1,053,733 shares. Northern Trust Co. has a 52-week low of $61.32 and a 52-week high of $91.14. The company has a 50-day moving average price of $87.21 and a 200 day moving average price of $83.46. The company has a market capitalization of $19.99 billion, a P/E ratio of 20.22 and a beta of 1.05.
Northern Trust (NASDAQ:NTRS) last posted its quarterly earnings results on Wednesday, January 18th. The asset manager reported $1.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.13 by $0.02. The company earned $1.25 billion during the quarter, compared to analyst estimates of $1.26 billion. Northern Trust had a net margin of 19.76% and a return on equity of 11.68%. Northern Trust’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.99 EPS. On average, analysts forecast that Northern Trust Co. will post $4.71 EPS for the current fiscal year.
A number of analysts recently issued reports on the company. Jefferies Group LLC upgraded Northern Trust from a “hold” rating to a “buy” rating and raised their price target for the stock from $90.00 to $102.00 in a research report on Tuesday, April 11th. Zacks Investment Research downgraded Northern Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, January 25th. Barclays PLC raised their price target on Northern Trust from $80.00 to $95.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 3rd. Deutsche Bank AG lowered their price target on Northern Trust from $94.00 to $93.00 and set a “hold” rating for the company in a research report on Thursday, April 6th. Finally, Raymond James Financial, Inc. restated a “strong-buy” rating and issued a $105.00 price target (up from $83.00) on shares of Northern Trust in a research report on Thursday, December 29th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $84.75.
In other news, insider Clair Joyce St sold 56,991 shares of the firm’s stock in a transaction dated Thursday, February 9th. The stock was sold at an average price of $85.08, for a total transaction of $4,848,794.28. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Jana R. Schreuder sold 7,327 shares of the firm’s stock in a transaction dated Monday, March 13th. The stock was sold at an average price of $90.02, for a total value of $659,576.54. The disclosure for this sale can be found here. Insiders have sold a total of 267,185 shares of company stock worth $23,454,043 in the last three months. Corporate insiders own 1.90% of the company’s stock.
About Northern Trust
Northern Trust Corporation is a financial holding company. The Company provides asset servicing, fund administration, asset management, fiduciary and banking solutions for corporations, institutions, families and individuals across the world. Its segments include Corporate & Institutional Services (C&IS), Wealth Management, and Treasury and Other.
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