Reinhart Partners Inc. Sells 3,417 Shares of Northern Trust Co. (NASDAQ:NTRS)

Reinhart Partners Inc. decreased its holdings in Northern Trust Co. (NASDAQ:NTRS) by 1.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 193,740 shares of the asset manager’s stock after selling 3,417 shares during the period. Reinhart Partners Inc.’s holdings in Northern Trust were worth $18,080,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. BlackRock Inc. grew its holdings in shares of Northern Trust by 0.5% in the second quarter. BlackRock Inc. now owns 13,947,938 shares of the asset manager’s stock worth $1,255,316,000 after acquiring an additional 72,688 shares during the period. Barrow Hanley Mewhinney & Strauss LLC lifted its position in shares of Northern Trust by 65.3% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 10,482,148 shares of the asset manager’s stock valued at $943,393,000 after acquiring an additional 4,139,159 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of 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 in the last quarter. Wells Fargo & Company MN lifted its position in shares of Northern Trust by 7.8% in the second quarter. Wells Fargo & Company MN now owns 1,572,816 shares of the asset manager’s stock valued at $141,553,000 after acquiring an additional 113,659 shares in the last quarter. Finally, Invesco Ltd. lifted its position in shares of Northern Trust by 27.1% in the second quarter. Invesco Ltd. now owns 1,470,666 shares of the asset manager’s stock valued at $132,360,000 after acquiring an additional 313,777 shares in the last quarter. 81.52% of the stock is owned by institutional investors and hedge funds.

NTRS stock traded up $0.39 during midday trading on Friday, reaching $107.65. 880,500 shares of the company traded hands, compared to its average volume of 1,164,009. Northern Trust Co. has a 52-week low of $75.96 and a 52-week high of $108.45. The firm has a market capitalization of $22.35 billion, a price-to-earnings ratio of 16.00, a P/E/G ratio of 1.69 and a beta of 1.22. The business has a 50 day moving average of $95.80 and a 200-day moving average of $92.61. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.61 and a current ratio of 0.61.

Northern Trust (NASDAQ:NTRS) last announced its quarterly earnings data on Wednesday, October 23rd. The asset manager reported $1.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.63 by $0.06. Northern Trust had a return on equity of 15.66% and a net margin of 22.10%. The company had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.52 billion. During the same quarter in the prior year, the firm earned $1.58 earnings per share. Northern Trust’s revenue was up 4.1% compared to the same quarter last year. Research analysts anticipate that Northern Trust Co. will post 6.66 earnings per share for the current year.

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The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 1st. Investors of record on Friday, December 13th will be paid a $0.70 dividend. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $2.80 annualized dividend and a yield of 2.60%. Northern Trust’s dividend payout ratio (DPR) is currently 41.60%.

Several equities analysts have recently commented on NTRS shares. Wells Fargo & Co set a $110.00 price objective on Northern Trust and gave the company a “buy” rating in a research report on Friday, August 16th. JPMorgan Chase & Co. decreased their target price on Northern Trust from $101.50 to $98.00 and set a “neutral” rating on the stock in a research report on Thursday, October 10th. Citigroup set a $92.00 target price on Northern Trust and gave the stock a “sell” rating in a research report on Friday, October 25th. UBS Group downgraded Northern Trust from a “buy” rating to a “neutral” rating in a research report on Wednesday, September 25th. Finally, BidaskClub upgraded Northern Trust from a “hold” rating to a “buy” rating in a research report on Thursday. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $102.53.

In other Northern Trust news, EVP Thomas A. South sold 1,000 shares of the company’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $98.54, for a total transaction of $98,540.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Robert P. Browne sold 11,534 shares of the company’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $107.85, for a total value of $1,243,941.90. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 42,026 shares of company stock valued at $4,364,026. 1.15% of the stock is owned by company 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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