Squarepoint Ops LLC Sells 68,150 Shares of Northern Trust Corporation $NTRS

Squarepoint Ops LLC trimmed its stake in shares of Northern Trust Corporation (NASDAQ:NTRS) by 92.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,333 shares of the asset manager’s stock after selling 68,150 shares during the period. Squarepoint Ops LLC’s holdings in Northern Trust were worth $676,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NTRS. FNY Investment Advisers LLC bought a new position in Northern Trust during the 2nd quarter worth about $25,000. Hantz Financial Services Inc. boosted its position in shares of Northern Trust by 5,225.0% during the second quarter. Hantz Financial Services Inc. now owns 213 shares of the asset manager’s stock worth $27,000 after buying an additional 209 shares during the period. AlphaCore Capital LLC grew 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 buying an additional 97 shares in the last quarter. Clearstead Trust LLC acquired a new stake in Northern Trust in the 2nd quarter valued at approximately $29,000. Finally, GFG Capital LLC bought a new stake in Northern Trust in the 2nd quarter valued at approximately $35,000. 83.19% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Northern Trust news, EVP Susan Cohen Levy sold 27,591 shares of Northern Trust stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $128.13, for a total transaction of $3,535,234.83. Following the completion of the transaction, the executive vice president directly owned 48,257 shares of the company’s stock, valued at $6,183,169.41. The trade was a 36.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Robert Edward Jr. Moritz acquired 3,891 shares of the firm’s stock in a transaction on Tuesday, November 4th. The stock was bought at an average price of $128.57 per share, for a total transaction of $500,265.87. Following the completion of the acquisition, the director owned 6,686 shares of the company’s stock, valued at approximately $859,619.02. The trade was a 139.21% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.77% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts have recently weighed in on NTRS shares. BMO Capital Markets started coverage on shares of Northern Trust in a research note on Friday, October 3rd. They set a “market perform” rating and a $142.00 price target for the company. Morgan Stanley raised their target price on shares of Northern Trust from $127.00 to $131.00 and gave the company an “underweight” rating in a research report on Wednesday, December 17th. Evercore ISI boosted their price target on shares of Northern Trust from $125.00 to $135.00 and gave the stock an “in-line” rating in a research report on Tuesday, September 30th. Zacks Research downgraded shares of Northern Trust from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 9th. Finally, Wells Fargo & Company lifted their target price on Northern Trust from $127.00 to $131.00 and gave the company an “equal weight” rating in a research report on Thursday, October 23rd. Five research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $132.46.

Northern Trust Stock Performance

Shares of NTRS opened at $140.19 on Wednesday. The company has a market cap of $26.51 billion, a PE ratio of 16.34, a price-to-earnings-growth ratio of 1.51 and a beta of 1.27. The firm has a 50-day moving average of $130.72 and a 200-day moving average of $127.98. Northern Trust Corporation has a one year low of $81.62 and a one year high of $141.25. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.70 and a quick ratio of 0.70.

Northern Trust (NASDAQ:NTRS) last issued its earnings results on Wednesday, October 22nd. The asset manager reported $2.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.26 by $0.03. Northern Trust had a net margin of 11.99% and a return on equity of 14.37%. The business had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $2.02 billion. During the same period last year, the business posted $2.22 EPS. Northern Trust’s revenue was up 2.8% on a year-over-year basis. As a group, equities analysts forecast that Northern Trust Corporation will post 8.27 earnings per share for the current year.

Northern Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 1st. Stockholders of record on Friday, December 5th will be given a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Friday, December 5th. Northern Trust’s dividend payout ratio (DPR) is presently 37.30%.

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.