65,763 Shares in Northern Trust Corporation $NTRS Purchased by Nykredit A S

Nykredit A S purchased a new stake in shares of Northern Trust Corporation (NASDAQ:NTRS) in the second quarter, according to the company in its most recent filing with the SEC. The fund purchased 65,763 shares of the asset manager’s stock, valued at approximately $11,432,000.

Several other institutional investors and hedge funds have also recently modified their holdings of NTRS. BlackRock Inc. purchased a new position in shares of Northern Trust during the second quarter valued at approximately $2,523,781,000. State Street Corp lifted its stake in Northern Trust by 1.0% during the 3rd quarter. State Street Corp now owns 9,493,634 shares of the asset manager’s stock valued at $1,285,236,000 after acquiring an additional 97,584 shares in the last quarter. Primecap Management Co. CA bought a new position in Northern Trust during the 2nd quarter valued at $1,060,553,000. Invesco Ltd. boosted its holdings in Northern Trust by 8.7% during the 4th quarter. Invesco Ltd. now owns 3,747,840 shares of the asset manager’s stock worth $511,917,000 after acquiring an additional 301,164 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in shares of Northern Trust by 5.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,894,755 shares of the asset manager’s stock worth $395,395,000 after acquiring an additional 161,826 shares in the last quarter. 83.19% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Northern Trust

In other Northern Trust news, EVP Thomas South sold 1,800 shares of the stock in a transaction on Monday, August 24th. The stock was sold at an average price of $184.90, for a total transaction of $332,820.00. Following the completion of the transaction, the executive vice president directly owned 92,917 shares of the company’s stock, valued at approximately $17,180,353.30. This represents a 1.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert Moritz, Jr. bought 255 shares of the firm’s stock in a transaction on Wednesday, July 29th. The stock was purchased at an average cost of $179.57 per share, with a total value of $45,790.35. Following the completion of the transaction, the director directly owned 8,400 shares of the company’s stock, valued at approximately $1,508,388. The trade was a 3.13% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 0.66% of the company’s stock.

Wall Street Analysts Forecast Growth

NTRS has been the topic of a number of recent analyst reports. Wells Fargo & Company raised their price target on shares of Northern Trust from $189.00 to $194.00 and gave the company an “equal weight” rating in a research report on Thursday, July 23rd. Evercore set a $179.00 price objective on shares of Northern Trust in a research report on Monday, July 6th. Royal Bank Of Canada lowered shares of Northern Trust from an “outperform” rating to a “sector perform” rating and set a $178.00 price objective for the company. in a research note on Wednesday, July 22nd. Barclays lifted their target price on shares of Northern Trust from $176.00 to $189.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 23rd. Finally, JPMorgan Chase & Co. boosted their target price on Northern Trust from $179.50 to $185.50 and gave the stock a “neutral” rating in a research note on Tuesday, August 4th. Four research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $180.68.

Northern Trust Trading Down 0.4%

NASDAQ NTRS opened at $186.63 on Friday. The business’s fifty day moving average is $183.88 and its 200-day moving average is $165.84. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.65 and a quick ratio of 0.65. The stock has a market capitalization of $34.15 billion, a price-to-earnings ratio of 16.02, a PEG ratio of 1.05 and a beta of 1.24. Northern Trust Corporation has a one year low of $121.12 and a one year high of $195.78.

Northern Trust (NASDAQ:NTRS) last posted its quarterly earnings results on Wednesday, July 22nd. The asset manager reported $4.23 earnings per share for the quarter, beating the consensus estimate of $2.71 by $1.52. Northern Trust had a net margin of 14.76% and a return on equity of 16.91%. The company had revenue of $2.71 billion during the quarter, compared to analyst estimates of $2.69 billion. During the same quarter in the prior year, the business earned $2.13 earnings per share. The firm’s revenue for the quarter was up 35.1% on a year-over-year basis. Equities research analysts predict that Northern Trust Corporation will post 11.59 EPS for the current year.

Northern Trust Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Friday, September 4th will be given a dividend of $0.88 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.9%. This is an increase from Northern Trust’s previous quarterly dividend of $0.80. Northern Trust’s payout ratio is currently 27.47%.

Northern Trust Company Profile

Northern Trust Corporation (NASDAQ: NTRS) is a global financial services firm headquartered in Chicago that provides asset servicing, asset management and wealth management solutions to institutions, corporations and high-net-worth individuals. The company’s core businesses include custody and fund administration, investment operations outsourcing, trust and fiduciary services, private banking, and retirement and defined contribution plan services.

Northern Trust’s product and service offerings span custody and fund accounting, portfolio and performance analytics, securities lending, cash management and foreign exchange, as well as discretionary and non-discretionary investment management.