MARSHALL WACE ASIA Ltd Purchases Shares of 48,576 Northern Trust Co. (NTRS)

MARSHALL WACE ASIA Ltd Purchases Shares of 48,576 Northern Trust Co. (NTRS)

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MARSHALL WACE ASIA Ltd bought a new stake in Northern Trust Co. (NASDAQ:NTRS) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 48,576 shares of the asset manager’s stock, valued at approximately $4,961,000.

Several other hedge funds also recently bought and sold shares of the company. Carnegie Capital Asset Management LLC grew its stake in Northern Trust by 104.4% during the 3rd quarter. Carnegie Capital Asset Management LLC now owns 6,507 shares of the asset manager’s stock valued at $636,000 after purchasing an additional 3,323 shares in the last quarter. Vanguard Group Inc grew its stake in Northern Trust by 3.5% during the 3rd quarter. Vanguard Group Inc now owns 15,444,690 shares of the asset manager’s stock valued at $1,577,366,000 after purchasing an additional 517,705 shares in the last quarter. Morgan Stanley grew its stake in Northern Trust by 112.2% during the 3rd quarter. Morgan Stanley now owns 1,933,544 shares of the asset manager’s stock valued at $197,472,000 after purchasing an additional 1,022,270 shares in the last quarter. Legal & General Group Plc grew its stake in Northern Trust by 2.6% during the 3rd quarter. Legal & General Group Plc now owns 938,906 shares of the asset manager’s stock valued at $95,890,000 after purchasing an additional 24,188 shares in the last quarter. Finally, Standard Life Aberdeen plc grew its stake in Northern Trust by 9.6% during the 3rd quarter. Standard Life Aberdeen plc now owns 71,949 shares of the asset manager’s stock valued at $7,349,000 after purchasing an additional 6,315 shares in the last quarter. Institutional investors and hedge funds own 79.11% of the company’s stock.

A number of equities research analysts have weighed in on the company. Zacks Investment Research lowered Northern Trust from a “hold” rating to a “sell” rating in a research note on Wednesday. BidaskClub lowered Northern Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, December 11th. Credit Suisse Group lowered their price objective on Northern Trust from $110.00 to $105.00 and set a “neutral” rating for the company in a research note on Friday, December 7th. Deutsche Bank lowered their price objective on Northern Trust from $108.00 to $107.00 and set a “buy” rating for the company in a research note on Friday, November 16th. Finally, Wells Fargo & Co raised Northern Trust from a “market perform” rating to an “outperform” rating and set a $126.00 target price on the stock in a report on Wednesday, November 7th. Two analysts have rated the stock with a sell rating, six have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $117.41.

Shares of NASDAQ NTRS opened at $79.39 on Friday. The company has a market capitalization of $18.15 billion, a P/E ratio of 16.44, a P/E/G ratio of 1.08 and a beta of 0.97. Northern Trust Co. has a 12-month low of $78.90 and a 12-month high of $115.61. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.65 and a current ratio of 0.65.

Northern Trust (NASDAQ:NTRS) last announced its earnings results on Wednesday, October 17th. The asset manager reported $1.58 earnings per share for the quarter, missing the consensus estimate of $1.61 by ($0.03). The business had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.52 billion. Northern Trust had a net margin of 23.28% and a return on equity of 15.75%. The firm’s revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.20 EPS. On average, research analysts forecast that Northern Trust Co. will post 6.58 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 1st. Stockholders of record on Friday, December 14th will be given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 2.77%. The ex-dividend date of this dividend is Thursday, December 13th. Northern Trust’s dividend payout ratio (DPR) is presently 45.55%.

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About Northern Trust

Northern Trust Corporation, a financial holding company, provides asset servicing, fund administration, asset management, fiduciary, and banking solutions for corporations, institutions, families, and individuals worldwide. It operates through Corporate & Institutional Services (C&IS) and Wealth Management segments.

Further Reading: Trading Ex-Dividend

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

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