Today: Today, Exxonmobil Investment Management Inc. TX Sold shares of Northern Trust Corp. (NTRS)

Today, Exxonmobil Investment Management Inc. TX Sold shares of Northern Trust Corp. (NTRS)

Exxonmobil Investment Management Inc. TX reduced its stake in shares of Northern Trust Corp. (NASDAQ:NTRS) by 2.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 54,385 shares of the company’s stock after selling 1,132 shares during the period. Exxonmobil Investment Management Inc. TX’s holdings in Northern Trust Corp. were worth $3,698,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Breton Hill Capital Ltd. raised its stake in Northern Trust Corp. by 19.1% in the second quarter. Breton Hill Capital Ltd. now owns 13,584 shares of the company’s stock valued at $900,000 after buying an additional 2,177 shares during the last quarter. Creative Planning raised its stake in Northern Trust Corp. by 61.9% in the second quarter. Creative Planning now owns 1,755 shares of the company’s stock valued at $116,000 after buying an additional 671 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its stake in Northern Trust Corp. by 41.9% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 8,461 shares of the company’s stock valued at $561,000 after buying an additional 2,500 shares during the last quarter. Chevy Chase Trust Holdings Inc. raised its stake in Northern Trust Corp. by 0.6% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 199,054 shares of the company’s stock valued at $13,189,000 after buying an additional 1,204 shares during the last quarter. Finally, DNB Asset Management AS raised its stake in Northern Trust Corp. by 2.1% in the second quarter. DNB Asset Management AS now owns 19,513 shares of the company’s stock valued at $1,293,000 after buying an additional 400 shares during the last quarter. 79.70% of the stock is currently owned by institutional investors.

Northern Trust Corp. (NASDAQ:NTRS) traded down 1.90% during trading on Monday, hitting $80.59. 1,326,914 shares of the company were exchanged. Northern Trust Corp. has a 12 month low of $54.38 and a 12 month high of $83.09. The company has a market capitalization of $18.25 billion, a price-to-earnings ratio of 19.20 and a beta of 1.02. The company has a 50-day moving average of $74.90 and a 200-day moving average of $70.39.

Northern Trust Corp. (NASDAQ:NTRS) last released its quarterly earnings data on Wednesday, October 19th. The company reported $1.08 EPS for the quarter, missing analysts’ consensus estimates of $1.09 by $0.01. The company had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.25 billion. Northern Trust Corp. had a return on equity of 11.55% and a net margin of 19.58%. The firm’s quarterly revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.96 EPS. Analysts forecast that Northern Trust Corp. will post $4.28 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, January 1st. Investors of record on Friday, December 2nd will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date of this dividend is Wednesday, November 30th. Northern Trust Corp.’s dividend payout ratio is currently 36.45%.

Several research firms recently weighed in on NTRS. Deutsche Bank AG set a $71.00 price target on shares of Northern Trust Corp. and gave the stock a “hold” rating in a research report on Friday, August 5th. Zacks Investment Research downgraded shares of Northern Trust Corp. from a “buy” rating to a “hold” rating in a research report on Thursday, November 17th. upped their price target on shares of Northern Trust Corp. from $70.00 to $73.00 and gave the stock an “underperform” rating in a research report on Friday, September 23rd. Credit Suisse Group AG began coverage on shares of Northern Trust Corp. in a research report on Tuesday, November 22nd. They set a “neutral” rating and a $71.00 price target for the company. Finally, Jefferies Group restated a “hold” rating and set a $77.00 price target on shares of Northern Trust Corp. in a research report on Monday, October 10th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $73.65.

In related news, Chairman Frederick H. Waddell sold 200,000 shares of the business’s stock in a transaction dated Tuesday, November 15th. The shares were sold at an average price of $81.99, for a total transaction of $16,398,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Steven L. Fradkin sold 323,192 shares of the business’s stock in a transaction dated Wednesday, November 16th. The stock was sold at an average price of $80.98, for a total transaction of $26,172,088.16. The disclosure for this sale can be found here. Corporate insiders own 1.90% of the company’s stock.

Northern Trust Corp. Company Profile

Northern Trust Corporation is a financial holding company. The Company provides asset servicing, fund administration, asset management, fiduciary and banking solutions for corporations, institutions, families and individuals around the world. The Company’s segments include Corporate & Institutional Services (C&IS), Wealth Management, and Treasury and Other.

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