Northern Trust Corporation $NTRS Stake Lessened by LSV Asset Management

LSV Asset Management lessened its holdings in Northern Trust Corporation (NASDAQ:NTRS) by 1.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 794,590 shares of the asset manager’s stock after selling 11,400 shares during the period. LSV Asset Management owned about 0.42% of Northern Trust worth $106,952,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. FNY Investment Advisers LLC acquired a new stake in Northern Trust during the 2nd quarter worth about $25,000. Hantz Financial Services Inc. lifted its position in shares of Northern Trust by 5,225.0% in the second quarter. Hantz Financial Services Inc. now owns 213 shares of the asset manager’s stock worth $27,000 after purchasing an additional 209 shares in the last quarter. AlphaCore Capital LLC boosted its holdings in shares of Northern Trust by 87.4% during the second quarter. AlphaCore Capital LLC now owns 208 shares of the asset manager’s stock worth $27,000 after purchasing an additional 97 shares during the period. Clearstead Trust LLC acquired a new stake in shares of Northern Trust during the second quarter worth approximately $29,000. Finally, Caldwell Trust Co purchased a new position in Northern Trust during the second quarter valued at approximately $48,000. 83.19% of the stock is owned by institutional investors and hedge funds.

Northern Trust Price Performance

Shares of NASDAQ:NTRS opened at $144.21 on Friday. The stock has a market capitalization of $27.27 billion, a P/E ratio of 16.50, a P/E/G ratio of 1.19 and a beta of 1.27. The business has a 50-day moving average of $143.67 and a two-hundred day moving average of $134.09. Northern Trust Corporation has a fifty-two week low of $81.62 and a fifty-two week high of $157.60. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.69 and a quick ratio of 0.70.

Northern Trust (NASDAQ:NTRS) last issued its quarterly earnings data on Friday, January 30th. The asset manager reported $2.42 EPS for the quarter, beating analysts’ consensus estimates of $2.37 by $0.05. Northern Trust had a return on equity of 14.87% and a net margin of 12.15%.The business had revenue of $3.15 billion for the quarter. During the same period in the prior year, the company posted $2.26 EPS. The business’s revenue was up 8.4% on a year-over-year basis. On average, equities research analysts predict that Northern Trust Corporation will post 8.27 EPS for the current fiscal year.

Northern Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Friday, March 6th will be given a $0.80 dividend. The ex-dividend date of this dividend is Friday, March 6th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.2%. Northern Trust’s dividend payout ratio (DPR) is currently 36.61%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on NTRS. Wall Street Zen raised shares of Northern Trust from a “sell” rating to a “hold” rating in a research note on Saturday, December 27th. The Goldman Sachs Group lifted their price objective on Northern Trust from $130.00 to $148.00 and gave the company a “sell” rating in a research report on Wednesday, January 28th. Barclays boosted their target price on Northern Trust from $136.00 to $160.00 and gave the company an “equal weight” rating in a research note on Monday, January 5th. Royal Bank Of Canada raised their price target on Northern Trust from $139.00 to $159.00 and gave the stock an “outperform” rating in a research note on Friday, January 23rd. Finally, Morgan Stanley boosted their price target on Northern Trust from $131.00 to $140.00 and gave the company an “underweight” rating in a research note on Friday, January 23rd. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $148.75.

Insider Activity

In other news, Director Robert Edward Jr. Moritz bought 245 shares of the business’s stock in a transaction on Monday, February 2nd. The stock was purchased at an average price of $151.85 per share, with a total value of $37,203.25. Following the transaction, the director directly owned 6,931 shares in the company, valued at approximately $1,052,472.35. The trade was a 3.66% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Peter Cherecwich sold 25,000 shares of the company’s stock in a transaction dated Monday, January 26th. The shares were sold at an average price of $149.62, for a total transaction of $3,740,500.00. Following the sale, the chief operating officer owned 26,259 shares of the company’s stock, valued at $3,928,871.58. This trade represents a 48.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.77% of the stock is owned by insiders.

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.