Northern Trust Corporation $NTRS Shares Purchased by Valeo Financial Advisors LLC

Valeo Financial Advisors LLC increased its holdings in shares of Northern Trust Corporation (NASDAQ:NTRS) by 11.5% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,582 shares of the asset manager’s stock after purchasing an additional 266 shares during the quarter. Valeo Financial Advisors LLC’s holdings in Northern Trust were worth $327,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NTRS. Bank of New York Mellon Corp increased its position in Northern Trust by 47.8% during the 1st quarter. Bank of New York Mellon Corp now owns 1,810,816 shares of the asset manager’s stock worth $178,637,000 after purchasing an additional 585,992 shares in the last quarter. Invesco Ltd. grew its position in Northern Trust by 19.3% in the first quarter. Invesco Ltd. now owns 3,443,599 shares of the asset manager’s stock valued at $339,711,000 after acquiring an additional 558,287 shares in the last quarter. RNC Capital Management LLC acquired a new stake in Northern Trust in the first quarter valued at approximately $41,905,000. Nuveen LLC acquired a new stake in Northern Trust in the first quarter valued at approximately $41,834,000. Finally, Allianz Asset Management GmbH grew its position in Northern Trust by 529.4% in the first quarter. Allianz Asset Management GmbH now owns 461,383 shares of the asset manager’s stock valued at $45,515,000 after acquiring an additional 388,081 shares in the last quarter. Institutional investors and hedge funds own 83.19% of the company’s stock.

Insider Transactions at Northern Trust

In other news, Director Robert Edward Jr. Moritz acquired 256 shares of Northern Trust stock in a transaction that occurred on Wednesday, August 13th. The shares were purchased at an average cost of $126.34 per share, for a total transaction of $32,343.04. Following the completion of the purchase, the director directly owned 2,525 shares of the company’s stock, valued at $319,008.50. This trade represents a 11.28% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.77% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. TD Cowen assumed coverage on shares of Northern Trust in a research report on Thursday, September 25th. They issued a “buy” rating for the company. Morgan Stanley increased their price objective on shares of Northern Trust from $110.00 to $131.00 and gave the company an “underweight” rating in a research report on Monday, September 29th. Wall Street Zen raised shares of Northern Trust from a “sell” rating to a “hold” rating in a research report on Friday, September 26th. Wells Fargo & Company increased their price objective on shares of Northern Trust from $120.00 to $127.00 and gave the company an “equal weight” rating in a research report on Friday, October 3rd. Finally, Keefe, Bruyette & Woods reaffirmed an “underperform” rating and issued a $118.00 price objective (down previously from $120.00) on shares of Northern Trust in a research report on Thursday, July 24th. Four analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $128.23.

Northern Trust Stock Performance

Northern Trust stock opened at $129.99 on Friday. The stock has a market cap of $24.86 billion, a P/E ratio of 15.27, a price-to-earnings-growth ratio of 1.46 and a beta of 1.31. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.58. The stock has a 50 day moving average of $129.51 and a 200-day moving average of $115.46. Northern Trust Corporation has a 52 week low of $81.62 and a 52 week high of $135.48.

Northern Trust (NASDAQ:NTRS) last released its earnings results on Wednesday, July 23rd. The asset manager reported $2.13 EPS for the quarter, beating the consensus estimate of $2.08 by $0.05. Northern Trust had a return on equity of 14.06% and a net margin of 11.75%.The company had revenue of $2 billion during the quarter, compared to analysts’ expectations of $1.96 billion. During the same period in the prior year, the business posted $4.34 EPS. The business’s revenue was down 26.4% on a year-over-year basis. On average, analysts expect that Northern Trust Corporation will post 8.27 EPS for the current fiscal year.

Northern Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Friday, September 5th were paid a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 2.5%. This is a boost from Northern Trust’s previous quarterly dividend of $0.75. The ex-dividend date was Friday, September 5th. Northern Trust’s dividend payout ratio (DPR) is 37.60%.

Northern Trust Company Profile

Northern Trust Corporation, a financial holding company, provides wealth management, asset servicing, asset management, and banking solutions for corporations, institutions, families, and individuals worldwide. It operates in two segments, Asset Servicing and Wealth Management. The Asset Servicing segment offers asset servicing and related services, including custody, fund administration, investment operations outsourcing, investment management, investment risk and analytical services, employee benefit services, securities lending, foreign exchange, treasury management, brokerage services, transition management services, banking, and cash management services.