Northern Trust Corporation (NTRS) : Hl Financial Services scooped up 18,903 additional shares in Northern Trust Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 26, 2016. The investment management firm now holds a total of 638,250 shares of Northern Trust Corporation which is valued at $43,707,360.Northern Trust Corporation makes up approximately 1.01% of Hl Financial Services’s portfolio.
Other Hedge Funds, Including , Strs Ohio reduced its stake in NTRS by selling 6,210 shares or 24.46% in the most recent quarter. The Hedge Fund company now holds 19,178 shares of NTRS which is valued at $1,313,309. Northern Trust Corporation makes up approx 0.01% of Strs Ohio’s portfolio.
Northern Trust Corporation closed down -0.15 points or -0.22% at $67.59 with 8,35,238 shares getting traded on Friday. Post opening the session at $67.38, the shares hit an intraday low of $67.06 and an intraday high of $67.78 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
On the company’s financial health, Northern Trust Corporation reported $1.09 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Jul 20, 2016. Analyst had a consensus of $1.06. The company had revenue of $1316.70 million for the quarter, compared to analysts expectations of $1222.61 million. The company’s revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.01 EPS.
Investors should note that on Jul 20, 2016, Northern Trust Corporation announced a cash dividend of $0.3800. The company’s management has announced Aug 31, 2016 as the ex-dividend date and fixed the record date on Sep 2, 2016. The payable date has been fixed on Oct 1, 2016.
Many Wall Street Analysts have commented on Northern Trust Corporation. Shares were Downgraded by Goldman on Jul 7, 2016 to ” Neutral” and Lowered the Price Target to $ 71 from a previous price target of $82 .Northern Trust Corporation was Upgraded by Citigroup to ” Neutral” on Jun 28, 2016.
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 Companys 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 Companys 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 Companys subsidiary is The Northern Trust Company.