Speece Thorson Capital Group Inc. Has $13.20 Million Holdings in Northern Trust Co. (NASDAQ:NTRS)

Speece Thorson Capital Group Inc. decreased its stake in Northern Trust Co. (NASDAQ:NTRS) by 0.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 146,623 shares of the asset manager’s stock after selling 497 shares during the period. Northern Trust accounts for approximately 3.5% of Speece Thorson Capital Group Inc.’s holdings, making the stock its 9th largest position. Speece Thorson Capital Group Inc. owned approximately 0.07% of Northern Trust worth $13,196,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Associated Banc Corp lifted its position in Northern Trust by 0.3% during the first quarter. Associated Banc Corp now owns 36,404 shares of the asset manager’s stock worth $3,291,000 after acquiring an additional 103 shares during the last quarter. Shine Investment Advisory Services Inc. lifted its position in Northern Trust by 24.5% during the first quarter. Shine Investment Advisory Services Inc. now owns 574 shares of the asset manager’s stock worth $52,000 after acquiring an additional 113 shares during the last quarter. Strs Ohio raised its position in shares of Northern Trust by 2.1% in the second quarter. Strs Ohio now owns 6,242 shares of the asset manager’s stock valued at $561,000 after buying an additional 126 shares in the last quarter. Oregon Public Employees Retirement Fund raised its position in shares of Northern Trust by 0.6% in the second quarter. Oregon Public Employees Retirement Fund now owns 23,331 shares of the asset manager’s stock valued at $2,100,000 after buying an additional 136 shares in the last quarter. Finally, Brand Asset Management Group Inc. acquired a new stake in shares of Northern Trust in the first quarter valued at approximately $38,000. Institutional investors own 78.78% of the company’s stock.

In related news, EVP Robert P. Browne sold 21,612 shares of the business’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $99.61, for a total value of $2,152,771.32. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Biff Bowman sold 46,204 shares of the business’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $92.81, for a total transaction of $4,288,193.24. The disclosure for this sale can be found here. In the last 90 days, insiders sold 111,567 shares of company stock worth $10,639,832. 1.15% of the stock is owned by company insiders.

A number of equities research analysts have recently weighed in on the stock. Morgan Stanley lifted their price target on shares of Northern Trust from $85.00 to $91.00 and gave the company an “underweight” rating in a research report on Thursday, July 25th. Bank of America reiterated a “neutral” rating and issued a $97.00 price target (down from $107.00) on shares of Northern Trust in a research report on Thursday, June 6th. Zacks Investment Research downgraded shares of Northern Trust from a “buy” rating to a “hold” rating in a research report on Friday, May 17th. Deutsche Bank dropped their price target on shares of Northern Trust from $93.00 to $91.00 and set a “hold” rating for the company in a research report on Friday. Finally, Citigroup cut shares of Northern Trust from a “neutral” rating to a “sell” rating and decreased their price objective for the company from $94.00 to $85.00 in a research note on Friday, July 12th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $105.92.

Shares of NASDAQ:NTRS traded down $1.12 during mid-day trading on Friday, reaching $89.45. 602,198 shares of the company’s stock were exchanged, compared to its average volume of 1,262,526. The firm has a market cap of $18.91 billion, a price-to-earnings ratio of 13.29, a price-to-earnings-growth ratio of 1.56 and a beta of 1.16. The firm’s fifty day simple moving average is $92.13. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.40. Northern Trust Co. has a twelve month low of $75.96 and a twelve month high of $110.00.

Northern Trust (NASDAQ:NTRS) last issued its quarterly earnings results on Wednesday, July 24th. The asset manager reported $1.75 EPS for the quarter, topping analysts’ consensus estimates of $1.68 by $0.07. The company had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.51 billion. Northern Trust had a net margin of 22.20% and a return on equity of 15.74%. Northern Trust’s revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.68 earnings per share. Sell-side analysts anticipate that Northern Trust Co. will post 6.62 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Friday, September 13th will be issued a $0.70 dividend. This is a positive change from Northern Trust’s previous quarterly dividend of $0.60. The ex-dividend date is Thursday, September 12th. This represents a $2.80 annualized dividend and a yield of 3.13%. Northern Trust’s payout ratio is presently 35.66%.

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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