Swedbank AB Increases Position in Northern Trust Corporation $NTRS

Swedbank AB grew its holdings in shares of Northern Trust Corporation (NASDAQ:NTRS) by 7.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 52,073 shares of the asset manager’s stock after purchasing an additional 3,651 shares during the period. Swedbank AB’s holdings in Northern Trust were worth $7,009,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. FNY Investment Advisers LLC purchased a new position in Northern Trust during the second quarter valued at $25,000. AlphaCore Capital LLC increased 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 valued at $27,000 after acquiring an additional 97 shares in the last quarter. Hantz Financial Services Inc. raised its position in shares of Northern Trust by 5,225.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 213 shares of the asset manager’s stock worth $27,000 after purchasing an additional 209 shares during the last quarter. Clearstead Trust LLC bought a new position in Northern Trust in the 2nd quarter worth about $29,000. Finally, GFG Capital LLC purchased a new stake in Northern Trust during the 2nd quarter valued at about $35,000. Hedge funds and other institutional investors own 83.19% of the company’s stock.

Insider Transactions at Northern Trust

In other 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 transaction, the executive vice president owned 48,257 shares in the company, valued at $6,183,169.41. This trade represents a 36.38% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider John Landers sold 766 shares of the business’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of $124.35, for a total transaction of $95,252.10. Following the sale, the insider directly owned 7,313 shares of the company’s stock, valued at approximately $909,371.55. The trade was a 9.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.77% of the company’s stock.

Northern Trust Price Performance

NASDAQ NTRS opened at $140.14 on Friday. The business’s fifty day moving average price is $131.57 and its 200-day moving average price is $128.50. The stock has a market capitalization of $26.50 billion, a price-to-earnings ratio of 16.33, a PEG ratio of 1.51 and a beta of 1.27. 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 Corporation has a 1-year low of $81.62 and a 1-year high of $141.25.

Northern Trust (NASDAQ:NTRS) last issued its quarterly earnings data on Wednesday, October 22nd. The asset manager reported $2.29 EPS for the quarter, topping the consensus estimate of $2.26 by $0.03. Northern Trust had a return on equity of 14.37% and a net margin of 11.99%.The company had revenue of $2.03 billion during the quarter, compared to analyst estimates of $2.02 billion. During the same quarter in the previous year, the company posted $2.22 earnings per share. Northern Trust’s revenue was up 2.8% compared to the same quarter last year. On average, equities analysts predict that Northern Trust Corporation will post 8.27 earnings per share for the current year.

Northern Trust Dividend Announcement

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

Analyst Ratings Changes

Several research analysts have issued reports on NTRS shares. TD Cowen lifted their target price on shares of Northern Trust from $152.00 to $155.00 and gave the stock a “buy” rating in a report on Thursday, October 23rd. Cowen reissued a “buy” rating on shares of Northern Trust in a research report on Thursday, October 23rd. Wall Street Zen raised Northern Trust from a “sell” rating to a “hold” rating in a research report on Saturday. Morgan Stanley increased their target price on Northern Trust from $127.00 to $131.00 and gave the company an “underweight” rating in a research note on Wednesday, December 17th. Finally, Citigroup boosted their price target on Northern Trust from $110.00 to $135.00 and gave the stock a “neutral” rating in a research note on Friday, September 5th. Five analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, Northern Trust currently has an average rating of “Hold” and a consensus price target of $132.46.

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.