Healthcare of Ontario Pension Plan Trust Fund Has $11.54 Million Position in Northern Trust Corporation $NTRS

Healthcare of Ontario Pension Plan Trust Fund grew its holdings in Northern Trust Corporation (NASDAQ:NTRS) by 5.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 82,708 shares of the asset manager’s stock after purchasing an additional 4,232 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Northern Trust were worth $11,544,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Reflection Asset Management bought a new position in shares of Northern Trust in the fourth quarter worth about $25,000. Triumph Capital Management bought a new stake in shares of Northern Trust during the third quarter valued at approximately $25,000. Elyxium Wealth LLC bought a new stake in shares of Northern Trust during the fourth quarter valued at approximately $34,000. International Assets Investment Management LLC acquired a new stake in shares of Northern Trust in the fourth quarter valued at approximately $35,000. Finally, Transamerica Financial Advisors LLC increased its holdings in shares of Northern Trust by 54.1% in the fourth quarter. Transamerica Financial Advisors LLC now owns 265 shares of the asset manager’s stock valued at $36,000 after purchasing an additional 93 shares in the last quarter. Institutional investors own 83.19% of the company’s stock.

Northern Trust Stock Performance

NTRS stock opened at $180.86 on Wednesday. Northern Trust Corporation has a 1-year low of $121.12 and a 1-year high of $191.60. The company has a current ratio of 0.65, a quick ratio of 0.62 and a debt-to-equity ratio of 0.43. The firm has a market cap of $33.47 billion, a PE ratio of 15.52, a P/E/G ratio of 1.14 and a beta of 1.25. The business’s 50-day moving average price is $175.47 and its two-hundred day moving average price is $158.51.

Northern Trust Increases Dividend

The firm also recently declared 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. This is an increase 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 27.47%.

Insider Buying and Selling at Northern Trust

In other Northern Trust news, Director Robert Edward Jr. Moritz acquired 225 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The stock was acquired at an average cost of $166.41 per share, for a total transaction of $37,442.25. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.66% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on NTRS shares. UBS Group set a $186.00 price objective on Northern Trust in a report on Friday, June 26th. Weiss Ratings raised Northern Trust from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 4th. Wells Fargo & Company boosted their target price on Northern Trust from $189.00 to $194.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 23rd. Bank of America upped their price target on Northern Trust from $190.00 to $200.00 and gave the company a “buy” rating in a research note on Tuesday, July 7th. Finally, Royal Bank Of Canada cut Northern Trust from an “outperform” rating to a “sector perform” rating and set a $178.00 price target on the stock. in a report on Wednesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus 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.