FMR LLC & Abigail Johnson Report 5.62% Passive Stake in Northern Trust
Ticker: NTRSO · Form: SC 13G · Filed: Feb 9, 2024 · CIK: 73124
| Field | Detail |
|---|---|
| Company | Northern Trust CORP (NTRSO) |
| Form Type | SC 13G |
| Filed Date | Feb 9, 2024 |
| Risk Level | low |
| Sentiment | bullish |
Complexity: simple
Sentiment: bullish
Topics: institutional-ownership, passive-investment, SC-13G
TL;DR
**FMR LLC and Abigail Johnson just revealed a 5.62% passive stake in Northern Trust, signaling institutional confidence.**
AI Summary
FMR LLC, a major investment management firm, and its Chair and CEO, Abigail P. Johnson, have disclosed a significant passive stake in Northern Trust Corp (NTRS). As of February 9, 2024, FMR LLC beneficially owns 11,635,950 shares, representing 5.620% of Northern Trust's common stock. This filing indicates that a large institutional investor sees value in Northern Trust, which could signal confidence in the company's future performance and potentially attract other investors.
Why It Matters
This filing shows that a major institutional investor, FMR LLC, and its leader, Abigail P. Johnson, have a substantial stake in Northern Trust, which can be seen as a vote of confidence in the company's stability and future prospects.
Risk Assessment
Risk Level: low — This is a passive filing, indicating no immediate intent to influence company control, and a significant institutional investment can often be a positive signal.
Analyst Insight
A smart investor would view this as a positive signal, suggesting that a major institutional player sees long-term value in Northern Trust. It might prompt further research into Northern Trust's fundamentals and potentially consider adding it to a diversified portfolio.
Key Numbers
- 11,635,950 — Shares Beneficially Owned (Total common stock shares of Northern Trust Corp owned by FMR LLC and Abigail P. Johnson)
- 5.620% — Percent of Class (Percentage of Northern Trust Corp's common stock beneficially owned by FMR LLC and Abigail P. Johnson)
- 0000315066-24-001323 — Accession Number (Unique identifier for this specific SEC filing)
- 20240209 — Filed As Of Date (The date this SC 13G filing was officially submitted to the SEC)
Key Players & Entities
- FMR LLC (company) — reporting person, parent holding company
- Abigail P. Johnson (person) — reporting person, associated with FMR LLC
- NORTHERN TRUST CORP (company) — issuer of the securities
- 50 S LASALLE ST CHICAGO, IL 60603 US (company) — address of Northern Trust Corp
- 245 Summer Street, Boston, Massachusetts 02210 (company) — address of FMR LLC
Forward-Looking Statements
- Northern Trust Corp's stock price may experience a slight positive reaction due to the institutional confidence shown by FMR LLC's significant stake. (NORTHERN TRUST CORP) — medium confidence, target: Within 1-3 months
FAQ
Who are the reporting persons in this SC 13G filing?
The reporting persons are FMR LLC and Abigail P. Johnson, as stated in Item 1 of the filing for both entities.
What percentage of Northern Trust Corp's common stock does FMR LLC beneficially own?
FMR LLC beneficially owns 5.620% of Northern Trust Corp's common stock, as indicated in Item 11 for FMR LLC and Item 4(b) for FMR LLC.
How many shares of Northern Trust Corp's common stock are beneficially owned by FMR LLC and Abigail P. Johnson?
Both FMR LLC and Abigail P. Johnson are reported to beneficially own 11,635,950 shares of Northern Trust Corp's common stock, as shown in Item 7 for both reporting persons and Item 4(a) for FMR LLC.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed pursuant to Rule 13d-1(b), as indicated by the checked box in the filing and further specified in Item 3.
What is the CUSIP number for Northern Trust Corp's common stock mentioned in this filing?
The CUSIP number for Northern Trust Corp's common stock is 665859104, as stated in the filing's header and Item 2(e).
Filing Details
This Form SC 13G (Form SC 13G) was filed with the SEC on February 9, 2024 by Abigail P. Johnson regarding NORTHERN TRUST CORP (NTRSO).