Great West Life Assurance Co. Can raised its position in Northern Trust Co.NASDAQ: NTRS – Get an estimate) by 0.6% in the third quarter, according to the company’s most recent filing with the Securities and Exchange Commission (SEC). The fund owned 329,350 shares of the asset manager after acquiring an additional 2,053 shares during the quarter. Great West Life Assurance Co. Can owned approximately 0.16% of Northern Trust worth $28,144,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. State Treasurer State of North Carolina lifted its holdings in Northern Trust by 14.7% in the second quarter. State Treasurer State of North Carolina now owns 89,694 shares of the asset manager’s stock valued at $8,654,000 after acquiring an additional 11,474 shares during the last quarter. Commonwealth Equity Services LLC lifted its holdings in shares of Northern Trust by 6.0% in the 2nd quarter. Commonwealth Equity Services LLC now owns 22,729 shares of the asset manager’s stock worth $2,192,000 after purchasing an additional 1,289 shares during the last quarter. Atria Investments LLC raised its holdings in shares of Northern Trust by 2.2% during the 2nd quarter. Atria Investments LLC now owns 16,454 shares of the asset manager’s stock valued at $1,587,000 after purchasing an additional 359 shares during the last quarter. Tobam lifted its holdings in shares of Northern Trust by 55.9% during the 2nd quarter. Tobami now owns 1,185 shares of the asset manager’s stock worth $114,000 after buying an additional 425 shares during the last quarter. Finally, Archford Capital Strategies LLC raised its holdings in shares of Northern Trust by 5.4% in the 3rd quarter. Archford Capital Strategies LLC now owns 2,801 shares of the asset manager’s stock worth $240,000 after purchasing an additional 144 shares during the last quarter. Institutional investors and hedge funds own 81.44% of the company’s shares.
Wall Street analysts predict economic growth
A number of analysts have recently issued reports on NTRS shares. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Northern Trust from $92.00 to $95.00 in a research note on Wednesday, January 11th. Goldman Sachs Group lowered shares of Northern Trust from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $97.00 to $95.00 in a research note on Wednesday, January 4th. Barclays boosted their price objective on shares of Northern Trust from $105.00 to $118.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 3rd. Citigroup decreased their price objective on shares of Northern Trust from $92.00 to $85.00 and set a “neutral” rating for the company in a research note on Friday, October 21st. Finally, Morgan Stanley boosted their price objective on shares of Northern Trust from $94.00 to $102.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 1st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $101.59, according to MarketBeat.com.
Northern Trust Price Performance
In stock at NTRS opened at $98.20 on Tuesday. The company has a quick ratio of 0.67, a current ratio of 0.67, and a debt-to-equity ratio of 0.37. Northern Trust Co. The 12 month low is $76.15 and the 12 month high is $133.72. The company has a market cap of $20.47 billion, a P/E ratio of 13.38 and a beta of 1.06. The company has a 50-day moving average of $90.77 and a 200-day moving average of $92.29.
Northern Trust (NASDAQ: NTRS – Get an estimate) last released its earnings results on Wednesday, October 19th. The asset manager reported $1.80 EPS for the quarter, missing the consensus estimate of $1.82 by ($0.02). The company had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.76 billion. Northern Trust had a net margin of 21.84% and a return on equity of 15.12%. Northern Trust’s quarterly revenue was up 7.5% compared to the same quarter last year. In the same period last year, the company posted earnings of $1.80 per share. on average, analysts forecast that Northern Trust Co will post 7.21 earnings per share for the current fiscal year.
About Northern Trust
Northern Trust Corp. is a financial holding company engaged in providing asset servicing, fund management, asset management, trust and banking solutions to companies, institutions, families and private individuals. It operates through the following segments: Corporate and Institutional Services and Wealth Management.
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