Northern Trust Corp Trims Holdings in Consolidated-Tomoka Land Co. (CTO)

Northern Trust Corp decreased its position in shares of Consolidated-Tomoka Land Co. (NYSEAMERICAN:CTO) by 3.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 66,951 shares of the financial services provider’s stock after selling 2,117 shares during the quarter. Northern Trust Corp’s holdings in Consolidated-Tomoka Land were worth $4,118,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of CTO. Bank of New York Mellon Corp lifted its stake in shares of Consolidated-Tomoka Land by 4.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 23,373 shares of the financial services provider’s stock valued at $1,439,000 after purchasing an additional 1,052 shares during the period. Putnam Investments LLC acquired a new position in shares of Consolidated-Tomoka Land in the 2nd quarter valued at $929,000. Renaissance Technologies LLC lifted its stake in shares of Consolidated-Tomoka Land by 17.7% in the 2nd quarter. Renaissance Technologies LLC now owns 40,500 shares of the financial services provider’s stock valued at $2,491,000 after purchasing an additional 6,079 shares during the period. Great West Life Assurance Co. Can lifted its stake in shares of Consolidated-Tomoka Land by 70,916.7% in the 2nd quarter. Great West Life Assurance Co. Can now owns 4,261 shares of the financial services provider’s stock valued at $262,000 after purchasing an additional 4,255 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Consolidated-Tomoka Land by 8.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 253,298 shares of the financial services provider’s stock valued at $15,580,000 after purchasing an additional 19,232 shares during the period.

CTO opened at $57.44 on Friday. Consolidated-Tomoka Land Co. has a 12 month low of $56.37 and a 12 month high of $67.97.

Consolidated-Tomoka Land (NYSEAMERICAN:CTO) last released its quarterly earnings data on Wednesday, October 17th. The financial services provider reported $0.05 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.05. The firm had revenue of $18.43 million during the quarter, compared to the consensus estimate of $18.36 million.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 30th. Investors of record on Friday, November 9th will be given a $0.08 dividend. The ex-dividend date is Thursday, November 8th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.56%. This is a boost from Consolidated-Tomoka Land’s previous quarterly dividend of $0.07.

Separately, Zacks Investment Research downgraded Consolidated-Tomoka Land from a “hold” rating to a “sell” rating in a research note on Wednesday, October 24th.

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About Consolidated-Tomoka Land

Consolidated-Tomoka Land Co, together with its subsidiaries, operates as a diversified real estate operating company in the United States. The company operates through four segments: Income Properties, Commercial Loan Investments, Real Estate Operations, and Golf Operations. It owns and manages commercial real estate properties.

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Institutional Ownership by Quarter for Consolidated-Tomoka Land (NYSEAMERICAN:CTO)

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