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Northern Trust Corporation Add to portfolio

INX:NTRS, Aug 23, 08:39 UTC

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Wednesday, August 21


News

Cape Cod Five Cents Savings Bank Has $2.05 Million Position in Northern Trust Co. (NASDAQ:NTRS) – Slater Sentinel

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Strs Ohio now owns 6,242 shares of the asset manager’s stock valued at $561,000 after buying an additional 126 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its stake in shares of Northern Trust by 0.6% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 23,331 shares of the asset manager’s stock valued at $2,100,000 after buying an additional 136 shares during the last quarter. In other Northern Trust news, CFO Biff Bowman sold 46,204 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the stock. Northern Trust presently has an average rating of “Hold” and an average price target of $104.00. Northern Trust stock traded down $0.12 during mid-day trading on Wednesday, hitting $86.60. The company’s stock had a trading volume of 128,667 shares, compared to its average volume of 1,189,495. Northern Trust Co. has a 52-week low of $75.96 and a 52-week high of $109.72.

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  • Financial

Saturday, August 17


News

Northern Trust Co. (NASDAQ:NTRS) Shares Sold by Aperio Group LLC – Riverton Roll

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Strs Ohio now owns 6,242 shares of the asset manager’s stock valued at $561,000 after buying an additional 126 shares during the last quarter. Oregon Public Employees Retirement Fund raised its position in shares of Northern Trust by 0.6% in the second quarter. Oregon Public Employees Retirement Fund now owns 23,331 shares of the asset manager’s stock valued at $2,100,000 after buying an additional 136 shares during the last quarter. Institutional investors own 79.89% of the company’s stock. Northern Trust stock opened at $87.00 on Friday. Northern Trust Co. has a 1 year low of $75.96 and a 1 year high of $109.72. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.64 and a current ratio of 0.64. Northern Trust (NASDAQ:NTRS) last released its earnings results on Wednesday, July 24th. The asset manager reported $1.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.68 by $0.07. Northern Trust had a net margin of 22.20% and a return on equity of 15.74%.

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  • Financial

Thursday, August 15


News

Eric Czepyha Joins Northern Trust Wealth Management to Lead Business Services

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“Eric is a seasoned professional with tremendous background working with business-owning families and the complex issues involved with multi-generational wealth optimization and planning,” said Steven L. Fradkin, President, Northern Trust Wealth Management. “We are delighted to welcome Eric to Northern Trust to further reinforce our expertise in these important areas of focus for our clients.”. Northern Trust Wealth Management has more than 130 years of experience working with business owners, with $293 billion in assets under management. Previously, Czepyha was the Head of Advice, Planning and Fiduciary Services at BNY Mellon Wealth Management where he was responsible for overseeing global wealth advisory, fiduciary services and the national practice areas for business owners and family law. Czepyha received his bachelor’s degree from Columbia University and law degree from Harvard Law School. Northern Trust Wealth Management offers holistic wealth management services for affluent individuals and families, family offices, foundations and endowments, and privately held businesses.

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  • Financial

Wednesday, August 14


News

Northern Trust Co. (NASDAQ:NTRS) Shares Sold by Cibc Bank USA – Tech Know Bits

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Strs Ohio now owns 6,242 shares of the asset manager’s stock worth $561,000 after acquiring an additional 126 shares during the last quarter. Oregon Public Employees Retirement Fund increased its stake in shares of Northern Trust by 0.6% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 23,331 shares of the asset manager’s stock worth $2,100,000 after acquiring an additional 136 shares during the last quarter. Insiders have sold a total of 111,567 shares of company stock valued at $10,639,832 over the last three months. Citigroup downgraded Northern Trust from a “neutral” rating to a “sell” rating and cut their target price for the stock from $94.00 to $85.00 in a research note on Friday, July 12th. The firm had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.51 billion. Northern Trust had a return on equity of 15.74% and a net margin of 22.20%.

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  • Financial

Monday, August 12


News

BNP Paribas Arbitrage SA Boosts Stake in Northern Trust Co. (NASDAQ:NTRS) – Tech Know Bits

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BNP Paribas Arbitrage SA increased its position in Northern Trust Co. (NASDAQ:NTRS) by 333.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. In related news, EVP Robert P. Browne sold 12,156 shares of the stock in a transaction that occurred on Friday, June 14th. Citigroup cut Northern Trust from a “neutral” rating to a “sell” rating and cut their target price for the company from $94.00 to $85.00 in a research note on Friday, July 12th. The firm had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.51 billion. Northern Trust had a return on equity of 15.74% and a net margin of 22.20%.

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News

Northern Trust develops machine learning-based forecasting engine to drive securities lending revenue

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Mon, 12/08/2019 - 10:25. Northern Trust (NTRS) has developed a new pricing engine that utilises machine learning and advanced statistical techniques to drive revenue growth for clients by more effectively forecasting the rate to loan securities in the securities lending market. Built on a hybrid-cloud platform that allows for highly efficient processing of data, the algorithm leverages numerous strategic market data points from multiple asset classes and regions to project the demand for equities in the securities lending market. Northern Trust global securities lending traders are able to leverage these projections, together with their own market intelligence, to automatically broadcast lending rates for 34 global markets to Northern Trust’s extensive network of borrowers, thereby enhancing revenue opportunities for lending clients. “The use of machine learning in our global securities lending business enables greater pricing efficiency that helps clients improve revenue across portfolios. From trading desks in Chicago, London, Hong Kong, Sydney and Toronto, Northern Trust’s securities lending team has been generating incremental revenue for clients using innovative solutions for over three decades. As of 30 June, 2019, there was approximately USD1.2 trillion in lendable assets for more than 450 clients worldwide.

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News

Northern Trust Develops Machine Learning Based Forecasting Engine to Drive Securities Lending Revenue

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CHICAGO & LONDON--(BUSINESS WIRE)--. Northern Trust (NTRS) announced today it has developed an innovative pricing engine that utilizes machine learning and advanced statistical techniques to drive revenue growth for clients by more effectively forecasting the rate to loan securities in the securities lending market. Built on a hybrid-cloud platform that allows for highly efficient processing of data, the algorithm leverages numerous strategic market data points from multiple asset classes and regions to project the demand for equities in the securities lending market. Northern Trust global securities lending traders are able to leverage these projections, together with their own market intelligence, to automatically broadcast lending rates for 34 global markets to Northern Trust’s extensive network of borrowers, thereby enhancing revenue opportunities for lending clients. From trading desks in Chicago, London, Hong Kong, Sydney and Toronto, Northern Trust’s securities lending team has been generating incremental revenue for clients using innovative solutions for over three decades. As of June 30, 2019, there was approximately US$1.2 trillion in lendable assets for more than 450 clients worldwide. “With this latest advancement, we have created an infrastructure and analytical framework that can intelligently adapt to changing market conditions” said Dane Fannin, head of global securities lending at Northern Trust.

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Saturday, August 10


News

21,000 Shares in Northern Trust Co. (NASDAQ:NTRS) Acquired by Bp Plc – Mayfield Recorder

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American Century Companies Inc. now owns 5,452,010 shares of the asset manager’s stock valued at $492,916,000 after buying an additional 1,190,787 shares during the period. In related news, CFO Biff Bowman sold 46,204 shares of the company’s stock in a transaction on Friday, August 2nd. Three analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the stock. Northern Trust presently has a consensus rating of “Hold” and a consensus target price of $105.92. The company has a market capitalization of $19.22 billion, a P/E ratio of 13.29, a price-to-earnings-growth ratio of 1.71 and a beta of 1.16. Northern Trust Co. has a 52 week low of $75.96 and a 52 week high of $110.00.

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News

Northern Trust Corp Has Lowered American Express Co (AXP) Stake as Valuation Rose

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Beutel Goodman Communication stated it has 1.12% of its portfolio in American Express Company (NYSE:AXP). Norinchukin National Bank The holds 0.14% or 102,021 shares. Philadelphia Tru Com invested in 15,889 shares. Northern Trust Corp decreased its stake in American Express Co (AXP) by 2.01% based on its latest 2019Q1 regulatory filing with the SEC. Northern Trust Corp sold 195,437 shares as the company’s stock rose 6.28% . The institutional investor held 9.51M shares of the consumer services company at the end of 2019Q1, valued at $1.04B, down from 9.71 million at the end of the previous reported quarter. Northern Trust Corp who had been investing in American Express Co for a number of months, seems to be less bullish one the $106.16B market cap company. More notable recent American Express Company (NYSE:AXP) news were published by: Finance.Yahoo.com which released: “Read This Before Buying American Express Company (NYSE:AXP) Shares – Yahoo Finance” on June 12, 2019, also Streetinsider.com with their article: “American Express (AXP) to acquire acompaytm – StreetInsider.com” published on July 31, 2019, Seekingalpha.com published: “American Express declares $0.43 dividend – Seeking Alpha” on July 19, 2019.

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Tuesday, August 06


News

Northern Trust Corp (NTRS) EVP & CFO Biff Bowman Sold $4.3 million of Shares

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EVP & CFO of Northern Trust Corp (30-Year Financial, Insider Trades) Biff Bowman (insider trades) sold 46,204 shares of NTRS on 08/02/2019 at an average price of $92.81 a share. The total sale was $4.3 million. Northern Trust Corp is a provider of asset servicing, fund administration, asset management, fiduciary and banking solutions for corporations, institutions, families and individuals. Northern Trust Corp has a market cap of $19.36 billion; its shares were traded at around $90.09 with a P/E ratio of 13.62 and P/S ratio of 3.81. The dividend yield of Northern Trust Corp stocks is 2.54%. EVP & Chief Investment Officer Robert P Browne sold 31,595 shares of NTRS stock on 07/29/2019 at the average price of $99.47.

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Topics:
  • Business
  • Financial