8/11/2025, 3:58:57 PM | www.marketbeat.com | news
Benjamin Edwards Inc. Trims Stock Holdings in Northern Trust Corporation (NASDAQ:NTRS)
Benjamin Edwards Inc. reduced its stake in Northern Trust Corporation by 6.6% in the first quarter, selling 5,167 shares and holding 73,016 shares valued at $7.2 million. Other institutional investors also adjusted their positions, with Massachusetts Financial Services Co. MA increasing holdings by 4.9%, Bank of New York Mellon Corp by 47.8%, UBS AM by 9.5%, Royal Bank of Canada by 60.2%, and Dimensional Fund Advisors LP increasing by 2.9% in the fourth quarter. Eighty-three point one nine percent of Northern Trust's stock is held by hedge funds and institutional investors. The company declared a quarterly dividend of $0.80 per share, resulting in an annual yield of 2.5% and a payout ratio of 35.25%. Northern Trust reported earnings per share of $2.13, exceeding expectations of $2.08, despite a 26.4% year-over-year revenue decline to $2 billion. The firm achieved a return on equity of 14.06% and a net margin of 11.75%. Wall Street analysts provided mixed ratings, with Keefe, Bruyette & Woods downgrading to 'underperform' at $118.00, Barclays raising to $136.00, Wells Fargo to $120.00, and Evercore ISI to $121.00. The consensus target price is $116.58 with an average rating of 'Hold'. Northern Trust operates in Asset Servicing and Wealth Management segments, offering global custody, fund administration, and investment management services. The stock has a market cap of $24.03 billion, P/E ratio of 14.76, PEG ratio of 1.67, and beta of 1.28. Its price range over one year is $81.62 to $133.00, with 50-day and 200-day moving averages at $121.43 and $108.70, respectively. The stock opened up 0.7% at $125.65 on Friday, and has a debt-to-equity ratio of 0.58 and current ratio of 0.72.