Northroad Capital Management Exits Position in Northern Trust Corporation (NTRS)

Northern Trust Corporation (NTRS) : Northroad Capital Management has sold out all of its stake in Northern Trust Corporation during the most recent quarter, according to the disclosure filed by the company on Nov 14, 2016 with the SEC. The investment management company has sold out 4,959 shares of Northern Trust Corporation which is valued at $410,704.

Other Hedge Funds, Including , Congress Asset Management Co sold out all of its stake in NTRS during the most recent quarter. The investment firm sold 646,816 shares of NTRS which is valued $53,569,301.Baird Financial Group reduced its stake in NTRS by selling 486,641 shares or 93.98% in the most recent quarter. The Hedge Fund company now holds 31,178 shares of NTRS which is valued at $2,448,097. Northern Trust Corporation makes up approx 0.02% of Baird Financial Group’s portfolio.Van Hulzen Asset Management boosted its stake in NTRS in the latest quarter, The investment management firm added 515 additional shares and now holds a total of 12,705 shares of Northern Trust Corporation which is valued at $919,588. Northern Trust Corporation makes up approx 0.52% of Van Hulzen Asset Management’s portfolio.

Northern Trust Corporation (NTRS) witnessed a volatile trading activity on Monday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $81.64 and reached the intraday high at $82.15. The bulls started the profit booking and pushed the shares to intraday low of $81.33. The trading session was marked by a volume range of 13,00,105 shares exchanging hands. The 52-week high of the shares is $83.09 and the 52-week low is $54.38. The market cap of the company stands at $18,454 M and there are 22,64,31,100 shares in public circulation.

On the company’s financial health, Northern Trust Corporation reported $1.08 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Oct 19, 2016. Analyst had a consensus of $1.09. The company had revenue of $1220.70 million for the quarter, compared to analysts expectations of $1244.56 million. The company’s revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.96 EPS.

Investors should note that on Oct 18, 2016, Northern Trust Corporation announced a cash dividend of $0.3800. The company’s management has announced Nov 30, 2016 as the ex-dividend date and fixed the record date on Dec 2, 2016. The payable date has been fixed on Jan 1, 2017.

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 operating segments include Corporate & Institutional Services (C&IS) Wealth Management and Treasury and Other. The Company has a network of offices in 19 states in the United States Washington D.C. and 20 international locations in Canada Europe the Middle East and the Asia-Pacific region. Asset Management through the Company’s various subsidiaries supports the C&IS and Wealth Management segments by providing a range of asset management and related services and other products to customers around the world. The Company’s subsidiary is The Northern Trust Company.

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