Pratt Collard Advisory Partners LLC Buys 840 Shares of Northern Trust Co. (NASDAQ:NTRS)

Pratt Collard Advisory Partners LLC increased its stake in Northern Trust Co. (NASDAQ:NTRS) by 6.3% during the third quarter, Holdings Channel reports. The firm owned 14,160 shares of the asset manager’s stock after acquiring an additional 840 shares during the period. Pratt Collard Advisory Partners LLC’s holdings in Northern Trust were worth $1,321,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Lantz Financial LLC grew its position in Northern Trust by 1.7% in the second quarter. Lantz Financial LLC now owns 20,829 shares of the asset manager’s stock valued at $1,914,000 after acquiring an additional 347 shares during the last quarter. Prio Wealth Limited Partnership grew its position in Northern Trust by 0.3% in the second quarter. Prio Wealth Limited Partnership now owns 140,980 shares of the asset manager’s stock valued at $12,688,000 after acquiring an additional 375 shares during the last quarter. First Mercantile Trust Co. grew its position in Northern Trust by 1,393.2% in the second quarter. First Mercantile Trust Co. now owns 8,526 shares of the asset manager’s stock valued at $768,000 after acquiring an additional 7,955 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in Northern Trust by 6.7% in the second quarter. Price T Rowe Associates Inc. MD now owns 6,221,336 shares of the asset manager’s stock valued at $559,920,000 after acquiring an additional 390,783 shares during the last quarter. Finally, Advisory Services Network LLC grew its position in Northern Trust by 3.6% in the second quarter. Advisory Services Network LLC now owns 15,844 shares of the asset manager’s stock valued at $1,426,000 after acquiring an additional 547 shares during the last quarter. Institutional investors own 80.36% of the company’s stock.

Shares of NASDAQ:NTRS traded up $0.98 during midday trading on Friday, hitting $94.75. 699,304 shares of the stock were exchanged, compared to its average volume of 893,089. The stock has a market capitalization of $20.12 billion, a price-to-earnings ratio of 14.08, a P/E/G ratio of 1.61 and a beta of 1.20. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.64 and a current ratio of 0.64. The business’s 50-day moving average price is $91.86 and its 200 day moving average price is $91.79. Northern Trust Co. has a 12 month low of $75.96 and a 12 month high of $101.50.

Northern Trust (NASDAQ:NTRS) last released its quarterly earnings results on Wednesday, July 24th. The asset manager reported $1.75 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.68 by $0.07. The company had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.51 billion. Northern Trust had a return on equity of 15.74% and a net margin of 22.20%. The business’s quarterly revenue was down .1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.68 earnings per share. As a group, sell-side analysts expect that Northern Trust Co. will post 6.6 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Friday, September 13th were paid a $0.70 dividend. This is a positive change from Northern Trust’s previous quarterly dividend of $0.60. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.96%. The ex-dividend date was Thursday, September 12th. Northern Trust’s payout ratio is currently 41.60%.

NTRS has been the topic of a number of recent analyst reports. Buckingham Research decreased their target price on Northern Trust from $118.00 to $112.00 and set a “buy” rating on the stock in a research report on Friday, October 4th. ValuEngine cut Northern Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, October 1st. Morgan Stanley reduced their price target on Northern Trust from $93.00 to $90.00 and set an “underweight” rating on the stock in a report on Friday, October 4th. Wells Fargo & Co set a $110.00 price target on Northern Trust and gave the stock a “buy” rating in a report on Friday, August 16th. Finally, JPMorgan Chase & Co. reduced their price target on Northern Trust from $101.50 to $98.00 and set a “neutral” rating on the stock in a report on Thursday, October 10th. Four analysts have rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the stock. Northern Trust has an average rating of “Hold” and an average target price of $101.92.

In related news, EVP Robert P. Browne sold 21,612 shares of Northern Trust stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $99.61, for a total value of $2,152,771.32. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Thomas A. South sold 1,000 shares of Northern Trust stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $98.54, for a total value of $98,540.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 100,411 shares of company stock worth $9,682,259. 1.15% 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, Corporate & Institutional Services (C&IS) and Wealth Management.

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

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