Osmosis Investment Management UK Ltd Invests $1.25 Million in Northern Trust Corporation $NTRS

Osmosis Investment Management UK Ltd purchased a new position in shares of Northern Trust Corporation (NASDAQ:NTRS) during the 2nd quarter, Holdings Channel reports. The institutional investor purchased 7,217 shares of the asset manager’s stock, valued at approximately $1,255,000.

A number of other hedge funds have also bought and sold shares of the company. Reflection Asset Management bought a new stake in Northern Trust in the fourth quarter valued at about $25,000. Triumph Capital Management bought a new position in Northern Trust during the 3rd quarter worth approximately $25,000. Basecamp Wealth Advisors LLC lifted its holdings in Northern Trust by 99.0% during the 1st quarter. Basecamp Wealth Advisors LLC now owns 203 shares of the asset manager’s stock worth $28,000 after buying an additional 101 shares during the last quarter. Keating Financial Advisory Services Inc. acquired a new position in shares of Northern Trust in the 2nd quarter worth approximately $31,000. Finally, Elyxium Wealth LLC acquired a new position in shares of Northern Trust in the 4th quarter worth approximately $34,000. 83.19% of the stock is currently owned by institutional investors and hedge funds.

Northern Trust Price Performance

Shares of NASDAQ NTRS opened at $186.66 on Tuesday. Northern Trust Corporation has a fifty-two week low of $121.12 and a fifty-two week high of $195.78. The firm’s 50-day simple moving average is $181.79 and its 200 day simple moving average is $163.61. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.43. The stock has a market cap of $34.15 billion, a P/E ratio of 16.02, a P/E/G ratio of 1.04 and a beta of 1.25.

Northern Trust (NASDAQ:NTRS) last announced its earnings results on Wednesday, July 22nd. The asset manager reported $4.23 earnings per share (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%. Northern Trust’s revenue was up 35.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.13 EPS. Equities analysts expect that Northern Trust Corporation will post 11.59 EPS for the current year.

Northern Trust Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Friday, September 4th will be paid a $0.88 dividend. 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 dividend payout ratio (DPR) is currently 27.47%.

Analyst Upgrades and Downgrades

NTRS has been the topic of several research reports. Evercore set a $179.00 price target on Northern Trust in a research report on Monday, July 6th. JPMorgan Chase & Co. lifted their price objective on shares of Northern Trust from $179.50 to $185.50 and gave the stock a “neutral” rating in a report on Tuesday, August 4th. Citigroup boosted their target price on shares of Northern Trust from $162.00 to $172.00 and gave the company a “neutral” rating in a research note on Tuesday, June 30th. Keefe, Bruyette & Woods increased their target price on shares of Northern Trust from $157.00 to $175.00 and gave the stock an “underperform” rating in a report on Thursday, July 9th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Northern Trust in a research report on Friday, July 31st. 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 company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $180.68.

Insider Buying and Selling at Northern Trust

In related news, Director Robert Edward Jr. Moritz acquired 255 shares of the firm’s stock in a transaction dated Wednesday, July 29th. The stock was acquired at an average cost of $179.57 per share, for a total transaction of $45,790.35. Following the completion of the acquisition, 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 position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.66% of the company’s stock.

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.