Northern Trust Corporation - De (NASDAQ:NTRSP) Experiences Heavier than Average Trading Volume

Northern Trust Corporation, launched on August 23, 1971, is a financial holding company. Bank of Montreal Can now owns 1,043,696 shares of the asset manager's stock valued at $90,365,000 after buying an additional 343,687 shares during the last quarter. Trust Department MB Financial Bank N A now owns 1,172 shares of the asset manager's stock worth $101,000 after buying an additional 72 shares during the period.

TRADEMARK VIOLATION WARNING: "Teachers Advisors LLC Boosts Stake in Northern Trust Corporation (NASDAQ:NTRS)" was originally posted by BNB Daily and is owned by of BNB Daily.

Other institutional investors have also made changes to their positions in the company. Northern Trust Corporation had a return on equity of 11.96% and a net margin of 20.20%. Northern Trust Corporation reported earnings of $1.06 per share during the same quarter last year, which would indicate a positive year over year growth rate of 17%. Finally, HPM Partners LLC acquired a new position in shares of Northern Trust Corporation during the first quarter valued at approximately $25,419,000. The company had a trading volume of 648,280 shares. The company has a market capitalization of $22.53 billion, a PE ratio of 22.38 and a beta of 0.94. Confluence Investment Management LLC now owns 1,029,300 shares of the asset manager's stock valued at $89,117,000 after buying an additional 12,540 shares in the last quarter.

Northern Trust Corporation (NASDAQ:NTRS) last released its quarterly earnings results on Wednesday, July 19th. Finally, Confluence Investment Management LLC raised its position in shares of Northern Trust Corporation by 1.2% in the first quarter.

The stock is trading at $27.08 a bit lower than $27.31, the 50 day moving average and which is slightly above the 200 day moving average of $26.57. The firm had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.33 billion. Brown Advisory Incorporated holds 0.04% in Northern Trust Corporation (NASDAQ:NTRS) or 129,128 shares.

Fruth Investment Management held its stake in shares of Northern Trust Corporation (NASDAQ:NTRS) during the second quarter, Holdings Channel reports. Northern Trust Corporation's revenue for the quarter was up.5% on a year-over-year basis.

Analysts await Northern Trust Corporation (NASDAQ:NTRS) to report earnings on July, 19. During the same period in the prior year, the company posted $1.09 earnings per share.

Northern Trust Corporation announced that its Board of Directors has authorized a stock buyback plan on Wednesday, June 28th that permits the company to repurchase $750.00 million in outstanding shares. BidaskClub lowered Northern Trust Corporation from a "strong-buy" rating to a "buy" rating in a research report on Wednesday. Morgan Stanley reissued an "underweight" rating and issued a $86.00 price objective (up from $80.00) on shares of Northern Trust Corporation in a research report on Friday, July 7th. Buckingham Research restated a "neutral" rating and issued a $103.00 target price (up previously from $93.00) on shares of Northern Trust Corporation in a research note on Monday, July 10th.

The business also recently declared a quarterly dividend, which will be paid on Sunday, October 1st. Legal General Gru Public Limited Company invested in 0.09% or 1.03 million shares. A falling stock price - all else being equal - creates a better opportunity for dividend investors to capture a higher yield. Two analysts have rated the stock with a sell rating, five have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company's stock. This repurchase authorization allows the asset manager to repurchase up to 3.4% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's leadership believes its stock is undervalued.

Let's also take a brief look at the stock price in relation to some highs/lows and moving averages. Northern Trust Corporation's dividend payout ratio is 34.78%.

COPYRIGHT VIOLATION NOTICE: "Traders Buy Shares of Northern Trust Corporation (NASDAQ:NTRS) on Weakness on Disappointing Earnings" was posted by Chaffey Breeze and is the property of of Chaffey Breeze. If you are reading this article on another publication, it was stolen and reposted in violation of USA & worldwide copyright and trademark laws. The original version of this article can be viewed at https://www.baseball-news-blog.com/2017/07/20/northern-trust-corporation-nasdaqntrs-shares-bought-by-teachers-advisors-llc-updated-updated.html. The stock was sold at an average price of $91.77, for a total transaction of $2,126,035.59. 28,469 shares valued at $2.55M were sold by St Clair Joyce on Wednesday, March 1. The disclosure for this sale can be found here. Insiders have sold a total of 458,002 shares of company stock worth $41,937,824 over the last 90 days. The Firm provides asset servicing, fund administration, asset management, fiduciary and banking solutions for firms, institutions, families and individuals across the world.

Want to see what other hedge funds are holding NTRS? The Company's divisions include Corporate & Institutional Services, Wealth Management, and Treasury and Other.

Keefe Bruyette & Woods maintained Northern Trust Corporation (NASDAQ:NTRS) on Friday, May 26 with "Hold" rating.

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