Gamco Investors INC. ET AL Cuts Stock Holdings in Northern Trust Co. (NASDAQ:NTRS)

Gamco Investors INC. ET AL lessened its stake in Northern Trust Co. (NASDAQ:NTRSFree Report) by 2.1% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 230,295 shares of the asset manager’s stock after selling 5,000 shares during the quarter. Gamco Investors INC. ET AL owned approximately 0.11% of Northern Trust worth $16,001,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NTRS. Belpointe Asset Management LLC increased its holdings in Northern Trust by 84.5% in the 1st quarter. Belpointe Asset Management LLC now owns 393 shares of the asset manager’s stock worth $35,000 after acquiring an additional 180 shares in the last quarter. Clear Street Markets LLC boosted its position in shares of Northern Trust by 93.4% during the 1st quarter. Clear Street Markets LLC now owns 408 shares of the asset manager’s stock valued at $36,000 after acquiring an additional 197 shares during the last quarter. Hexagon Capital Partners LLC boosted its position in shares of Northern Trust by 306.3% during the 3rd quarter. Hexagon Capital Partners LLC now owns 581 shares of the asset manager’s stock valued at $40,000 after acquiring an additional 438 shares during the last quarter. Itau Unibanco Holding S.A. acquired a new position in Northern Trust in the second quarter valued at about $40,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new position in Northern Trust in the second quarter valued at about $51,000. Hedge funds and other institutional investors own 81.64% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on NTRS. TheStreet raised shares of Northern Trust from a “c+” rating to a “b-” rating in a research report on Friday, January 12th. Wolfe Research lowered shares of Northern Trust from a “peer perform” rating to an “underperform” rating and set a $85.00 price target on the stock. in a research note on Wednesday, January 3rd. Evercore ISI cut their target price on shares of Northern Trust from $75.00 to $73.00 and set an “in-line” rating on the stock in a research note on Thursday, October 19th. Jefferies Financial Group upgraded shares of Northern Trust from a “hold” rating to a “buy” rating and upped their target price for the stock from $68.00 to $99.00 in a research note on Tuesday, January 9th. Finally, Bank of America initiated coverage on shares of Northern Trust in a research note on Tuesday, October 10th. They set a “buy” rating on the stock. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, Northern Trust has a consensus rating of “Hold” and an average price target of $83.04.

View Our Latest Stock Analysis on NTRS

Northern Trust Price Performance

Shares of NASDAQ NTRS opened at $78.74 on Tuesday. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.71 and a quick ratio of 0.68. The stock has a fifty day moving average price of $82.27 and a 200 day moving average price of $76.20. Northern Trust Co. has a 1-year low of $62.44 and a 1-year high of $99.87. The company has a market cap of $16.30 billion, a PE ratio of 15.50, a P/E/G ratio of 5.03 and a beta of 1.13.

Northern Trust (NASDAQ:NTRSGet Free Report) last issued its quarterly earnings results on Thursday, January 18th. The asset manager reported $0.52 earnings per share for the quarter, missing the consensus estimate of $1.33 by ($0.81). The company had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.71 billion. Northern Trust had a return on equity of 12.44% and a net margin of 9.14%. Northern Trust’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.65 earnings per share. Sell-side analysts forecast that Northern Trust Co. will post 6.21 EPS for the current year.

Northern Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Friday, March 8th will be given a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 3.81%. The ex-dividend date is Thursday, March 7th. Northern Trust’s payout ratio is 59.06%.

About Northern Trust

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding NTRS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Northern Trust Co. (NASDAQ:NTRSFree Report).

Institutional Ownership by Quarter for Northern Trust (NASDAQ:NTRS)

Receive News & Ratings for Northern Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northern Trust and related companies with MarketBeat.com's FREE daily email newsletter.