Inceptionr LLC Has $322,000 Position in Northern Trust Corporation $NTRS

Inceptionr LLC lessened its position in Northern Trust Corporation (NASDAQ:NTRS) by 79.0% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,310 shares of the asset manager’s stock after selling 8,677 shares during the period. Inceptionr LLC’s holdings in Northern Trust were worth $322,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. V Square Quantitative Management LLC grew its holdings in shares of Northern Trust by 1.3% in the 1st quarter. V Square Quantitative Management LLC now owns 4,793 shares of the asset manager’s stock valued at $669,000 after buying an additional 61 shares during the period. CWS Financial Advisors LLC lifted its holdings in Northern Trust by 2.0% during the first quarter. CWS Financial Advisors LLC now owns 3,997 shares of the asset manager’s stock worth $558,000 after acquiring an additional 77 shares in the last quarter. SJS Investment Consulting Inc. lifted its holdings in Northern Trust by 16.5% during the first quarter. SJS Investment Consulting Inc. now owns 559 shares of the asset manager’s stock worth $78,000 after acquiring an additional 79 shares in the last quarter. Apollon Wealth Management LLC grew its stake in Northern Trust by 1.9% in the fourth quarter. Apollon Wealth Management LLC now owns 4,379 shares of the asset manager’s stock valued at $598,000 after acquiring an additional 81 shares during the period. Finally, OLD National Bancorp IN grew its stake in Northern Trust by 3.2% in the first quarter. OLD National Bancorp IN now owns 2,663 shares of the asset manager’s stock valued at $372,000 after acquiring an additional 83 shares during the period. 83.19% of the stock is currently owned by institutional investors and hedge funds.

Northern Trust Stock Performance

NTRS opened at $182.52 on Tuesday. The company has a market capitalization of $33.78 billion, a price-to-earnings ratio of 15.67, a P/E/G ratio of 1.14 and a beta of 1.25. The business’s 50-day moving average price is $175.15 and its two-hundred day moving average price is $158.24. Northern Trust Corporation has a 1 year low of $121.12 and a 1 year high of $191.60. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.65 and a quick ratio of 0.62.

Northern Trust Increases Dividend

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

Insider Buying and Selling

In other Northern Trust news, Director Robert Edward Jr. Moritz bought 225 shares of Northern Trust stock in a transaction that occurred on Friday, May 1st. The stock was acquired at an average price of $166.41 per share, for a total transaction of $37,442.25. Following the completion of the acquisition, the director owned 8,145 shares of the company’s stock, valued at $1,355,409.45. This trade represents a 2.84% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.66% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on NTRS. Keefe, Bruyette & Woods raised their price target on Northern Trust from $157.00 to $175.00 and gave the stock an “underperform” rating in a research report on Thursday, July 9th. Weiss Ratings upgraded Northern Trust from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 4th. The Goldman Sachs Group increased their target price on Northern Trust from $151.00 to $169.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 22nd. Royal Bank Of Canada downgraded shares of Northern Trust from an “outperform” rating to a “sector perform” rating and set a $178.00 target price on the stock. in a report on Wednesday, July 22nd. Finally, Barclays lifted their price target on shares of Northern Trust from $176.00 to $189.00 and gave the company an “equal weight” rating in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eight have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $180.25.

Northern Trust 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.