Trexquant Investment Lp adds Northern Trust Corporation (NTRS) to its portfolio

Northern Trust Corporation (NTRS) : Trexquant Investment Lp added new position in Northern Trust Corporation during the most recent quarter end. The investment management firm now holds 64,824 shares of Northern Trust Corporation which is valued at $4.4 Million , the company said in a statement filed on May 11, 2016 with the SEC.Northern Trust Corporation makes up approximately 0.53% of Trexquant Investment Lp’s portfolio.

Other Hedge Funds, Including , Capstone Financial Advisors sold out all of its stake in NTRS during the most recent quarter. The investment firm sold 2,886 shares of NTRS which is valued $197,604.New York State Common Retirement Fund reduced its stake in NTRS by selling 10,200 shares or 1.88% in the most recent quarter. The Hedge Fund company now holds 532,200 shares of NTRS which is valued at $36.7 Million. Northern Trust Corporation makes up approx 0.06% of New York State Common Retirement Fund’s portfolio.California Public Employees Retirement System boosted its stake in NTRS in the latest quarter, The investment management firm added 26,700 additional shares and now holds a total of 698,459 shares of Northern Trust Corporation which is valued at $48.2 Million. Northern Trust Corporation makes up approx 0.08% of California Public Employees Retirement System’s portfolio.

Northern Trust Corporation opened for trading at $68.66 and hit $69.405 on the upside on Monday, eventually ending the session at $68.99, with a gain of 0.76% or 0.52 points. The heightened volatility saw the trading volume jump to 6,96,641 shares. Company has a market cap of $15,741 M.

On the company’s financial health, Northern Trust Corporation reported $1.01 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Apr 19, 2016. Analyst had a consensus of $0.95. The company had revenue of $1190.00 million for the quarter, compared to analysts expectations of $1176.54 million. The company’s revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.94 EPS.

Investors should note that on Apr 19, 2016, Northern Trust Corporation announced a cash dividend of $0.3600. The company’s management has announced Jun 1, 2016 as the ex-dividend date and fixed the record date on Jun 3, 2016. The payable date has been fixed on Jul 1, 2016.

Many Wall Street Analysts have commented on Northern Trust Corporation. Company shares were Reiterated by Deutsche Bank on Apr 25, 2016 to “Hold”, Firm has raised the Price Target to $ 73 from a previous price target of $71 .Northern Trust Corporation was Downgraded by Citigroup to ” Sell” on Apr 20, 2016. Northern Trust Corporation was Downgraded by Sandler O’Neill to ” Hold” on Apr 20, 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 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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