Compass Wealth Management LLC Acquires New Position in Northern Trust Corporation $NTRS

Compass Wealth Management LLC bought a new position in shares of Northern Trust Corporation (NASDAQ:NTRS) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 5,829 shares of the asset manager’s stock, valued at approximately $1,013,000.

Several other large investors have also recently modified their holdings of NTRS. V Square Quantitative Management LLC lifted its stake in shares of Northern Trust by 1.3% during 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 in the last quarter. CWS Financial Advisors LLC boosted its holdings in Northern Trust by 2.0% in the 1st quarter. CWS Financial Advisors LLC now owns 3,997 shares of the asset manager’s stock worth $558,000 after buying an additional 77 shares during the period. SJS Investment Consulting Inc. grew its stake in Northern Trust by 16.5% in the 1st quarter. SJS Investment Consulting Inc. now owns 559 shares of the asset manager’s stock valued at $78,000 after buying an additional 79 shares in the last quarter. Compound Planning Inc. grew its stake in Northern Trust by 4.7% in the 1st quarter. Compound Planning Inc. now owns 1,770 shares of the asset manager’s stock valued at $247,000 after buying an additional 79 shares in the last quarter. Finally, OLD National Bancorp IN raised its holdings in Northern Trust by 3.2% during the 1st 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. Hedge funds and other institutional investors own 83.19% of the company’s stock.

Insider Buying and Selling

In other Northern Trust news, Director Robert Edward Jr. Moritz bought 255 shares of the firm’s stock in a transaction on Wednesday, July 29th. The shares were acquired at an average cost of $179.57 per share, for a total transaction of $45,790.35. Following the purchase, the director directly owned 8,400 shares of the company’s stock, valued at $1,508,388. The trade was a 3.13% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.66% of the stock is currently owned by insiders.

Northern Trust Stock Performance

NASDAQ NTRS opened at $190.58 on Wednesday. Northern Trust Corporation has a 1 year low of $121.12 and a 1 year high of $195.78. 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 $34.87 billion, a PE ratio of 16.36, a P/E/G ratio of 1.08 and a beta of 1.25. The company’s 50 day simple moving average is $180.70 and its two-hundred day simple moving average is $162.65.

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

Northern Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Friday, September 4th will be paid a dividend of $0.88 per share. This is a positive change from Northern Trust’s previous quarterly dividend of $0.80. This represents a $3.52 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Friday, September 4th. Northern Trust’s dividend payout ratio is 27.47%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Weiss Ratings restated a “buy (b)” rating on shares of Northern Trust in a research report on Friday, July 31st. The Goldman Sachs Group lifted their price target on Northern Trust from $151.00 to $169.00 and gave the company a “neutral” rating in a research report on Wednesday, April 22nd. Evercore set a $179.00 price objective on Northern Trust in a research note on Monday, July 6th. Barclays increased their price objective on Northern Trust from $176.00 to $189.00 and gave the stock an “equal weight” rating in a report on Thursday, July 23rd. Finally, Zacks Research upgraded Northern Trust from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $180.68.

About Northern Trust

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.