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NEOS Investment Management boosted its stake in Northern Trust, which reported strong earnings and a new dividend.
NEOS Investment Management LLC increased its stake in Northern Trust Co. by 29.7%, purchasing 2,486 shares, totaling $1.11 million.
Northern Trust, a financial holding company, reported strong earnings of $2.26 per share, exceeding estimates.
The company's stock has a market cap of $19.01 billion and a P/E ratio of 9.93.
It recently announced a quarterly dividend of $0.75 per share.
Analysts rate the stock as "Hold" with a target price of $113.46.
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NEOS Investment Management aumentó su participación en Northern Trust, que reportó fuertes ganancias y un nuevo dividendo.