Northern Trust Corporation (NTRS) : Piper Jaffray added new position in Northern Trust Corporation during the most recent quarter end. The investment management firm now holds 8,022 shares of Northern Trust Corporation which is valued at $544,132 , the company said in a statement filed on Aug 15, 2016 with the SEC.Northern Trust Corporation makes up approximately 14.92% of Piper Jaffray’s portfolio.
Other Hedge Funds, Including , Jefferies Group reduced its stake in NTRS by selling 21,868 shares or 77.82% in the most recent quarter. The Hedge Fund company now holds 6,233 shares of NTRS which is valued at $422,784. Northern Trust Corporation makes up approx 0.01% of Jefferies Group’s portfolio.Stanley-laman Group Ltd. boosted its stake in NTRS in the latest quarter, The investment management firm added 2,000 additional shares and now holds a total of 9,000 shares of Northern Trust Corporation which is valued at $622,260. Northern Trust Corporation makes up approx 0.24% of Stanley-laman Group Ltd.’s portfolio.American Century Companies Inc boosted its stake in NTRS in the latest quarter, The investment management firm added 462,106 additional shares and now holds a total of 7,702,813 shares of Northern Trust Corporation which is valued at $527,488,634. Northern Trust Corporation makes up approx 0.58% of American Century Companies Inc’s portfolio.
Northern Trust Corporation closed down -0.18 points or -0.25% at $70.41 with 12,94,680 shares getting traded on Thursday. Post opening the session at $70.97, the shares hit an intraday low of $69.79 and an intraday high of $71.66 and the price fluctuated in this range throughout the day.Shares ended Thursday 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.
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.