Mondrian Investment Partners Ltd Lowers stake in Northern Trust Corporation (NTRS)

Northern Trust Corporation (NTRS) : Mondrian Investment Partners Ltd reduced its stake in Northern Trust Corporation by 7.46% during the most recent quarter end. The investment management company now holds a total of 732,027 shares of Northern Trust Corporation which is valued at $49,053,129 after selling 59,029 shares in Northern Trust Corporation , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Northern Trust Corporation makes up approximately 1.16% of Mondrian Investment Partners Ltd’s portfolio.

Other Hedge Funds, Including , Zurcher Kantonalbank (zurich Cantonalbank) reduced its stake in NTRS by selling 608 shares or 2.67% in the most recent quarter. The Hedge Fund company now holds 22,154 shares of NTRS which is valued at $1,484,540. Northern Trust Corporation makes up approx 0.02% of Zurcher Kantonalbank (zurich Cantonalbank)’s portfolio. Herndon Capital Management added NTRS to its portfolio by purchasing 20 company shares during the most recent quarter which is valued at $1,352.Shinko Asset Management Ltd. reduced its stake in NTRS by selling 66 shares or 10.59% in the most recent quarter. The Hedge Fund company now holds 557 shares of NTRS which is valued at $37,364.Acadian Asset Management boosted its stake in NTRS in the latest quarter, The investment management firm added 27,677 additional shares and now holds a total of 34,100 shares of Northern Trust Corporation which is valued at $2,266,627. Northern Trust Corporation makes up approx 0.01% of Acadian Asset Management’s portfolio.Curian Capital reduced its stake in NTRS by selling 68,688 shares or 69.33% in the most recent quarter. The Hedge Fund company now holds 30,389 shares of NTRS which is valued at $1,961,002. Northern Trust Corporation makes up approx 0.14% of Curian Capital’s portfolio.

Northern Trust Corporation closed down -0.23 points or -0.34% at $66.78 with 8,39,873 shares getting traded on Thursday. Post opening the session at $66.86, the shares hit an intraday low of $66.6 and an intraday high of $67.169 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.

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 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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