Murphy Pohlad Asset Management LLC Has $220,000 Stake in Northern Trust Co. (NTRS)
Murphy Pohlad Asset Management LLC reduced its position in Northern Trust Co. (NASDAQ:NTRS) by 11.6% during the first quarter, Holdings Channel reports. The institutional investor owned 2,551 shares of the asset manager’s stock after selling 335 shares during the period. Murphy Pohlad Asset Management LLC’s holdings in Northern Trust were worth $220,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of the company. FIL Ltd purchased a new stake in Northern Trust during the fourth quarter valued at approximately $199,749,000. Artisan Partners Limited Partnership purchased a new stake in Northern Trust during the fourth quarter valued at approximately $171,052,000. Alyeska Investment Group L.P. purchased a new stake in Northern Trust during the fourth quarter valued at approximately $90,792,000. Southpoint Capital Advisors LP purchased a new stake in Northern Trust during the fourth quarter valued at approximately $89,050,000. Finally, State Street Corp raised its stake in Northern Trust by 8.2% in the fourth quarter. State Street Corp now owns 10,365,351 shares of the asset manager’s stock valued at $923,026,000 after buying an additional 786,008 shares during the period. Institutional investors own 79.48% of the company’s stock.
Shares of Northern Trust Co. (NASDAQ:NTRS) traded down 0.10% on Friday, reaching $87.36. 1,053,733 shares of the company’s stock traded hands. The stock has a market cap of $19.99 billion, a price-to-earnings ratio of 20.22 and a beta of 1.05. The firm’s 50-day moving average is $87.21 and its 200-day moving average is $83.46. Northern Trust Co. has a 52-week low of $61.32 and a 52-week high of $91.14.
Northern Trust (NASDAQ:NTRS) last released its quarterly earnings data on Wednesday, January 18th. The asset manager reported $1.11 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.13 by $0.02. Northern Trust had a net margin of 19.76% and a return on equity of 11.68%. The business had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter last year, the business earned $0.99 EPS. Northern Trust’s revenue for the quarter was up 7.1% compared to the same quarter last year. Analysts anticipate that Northern Trust Co. will post $4.71 EPS for the current fiscal year.
Several equities research analysts have commented on NTRS shares. Raymond James Financial, Inc. reiterated a “strong-buy” rating and issued a $105.00 price objective (up previously from $83.00) on shares of Northern Trust in a research note on Thursday, December 29th. Barclays PLC increased their target price on shares of Northern Trust from $80.00 to $95.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 3rd. Zacks Investment Research downgraded shares of Northern Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, January 25th. Deutsche Bank AG reduced their target price on shares of 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, Jefferies Group LLC raised shares of Northern Trust from a “hold” rating to a “buy” rating and increased their target price for the company from $90.00 to $102.00 in a research report on Tuesday, April 11th. One analyst has rated the stock with a sell rating, seven have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. Northern Trust has a consensus rating of “Hold” and an average target price of $84.75.
In other Northern Trust news, insider Clair Joyce St sold 56,991 shares of the stock in a transaction on Thursday, February 9th. The shares were sold at an average price of $85.08, for a total transaction of $4,848,794.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Vice Chairman William L. Morrison sold 51,762 shares of the stock in a transaction on Wednesday, February 22nd. The shares were sold at an average price of $87.53, for a total transaction of $4,530,727.86. The disclosure for this sale can be found here. Insiders have sold 267,185 shares of company stock valued at $23,454,043 in the last quarter. 1.90% of the stock is owned by company insiders.
Northern Trust Company Profile
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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