First National Bank of Omaha Takes $3.83 Million Position in Northern Trust Corporation $NTRS

First National Bank of Omaha purchased a new stake in shares of Northern Trust Corporation (NASDAQ:NTRS) in the third quarter, Holdings Channel reports. The firm purchased 28,428 shares of the asset manager’s stock, valued at approximately $3,826,000.

Several other hedge funds and other institutional investors have also bought and sold shares of NTRS. Norges Bank bought a new stake in shares of Northern Trust during the 2nd quarter worth $276,087,000. Primecap Management Co. CA grew its position in Northern Trust by 19.5% during the second quarter. Primecap Management Co. CA now owns 7,793,757 shares of the asset manager’s stock valued at $988,170,000 after buying an additional 1,270,748 shares during the period. Marshall Wace LLP increased its holdings in Northern Trust by 2,397.3% during the second quarter. Marshall Wace LLP now owns 657,026 shares of the asset manager’s stock worth $83,304,000 after buying an additional 630,717 shares during the last quarter. Rokos Capital Management LLP bought a new stake in Northern Trust in the second quarter worth about $73,888,000. Finally, LSV Asset Management boosted its stake in Northern Trust by 154.0% in the second quarter. LSV Asset Management now owns 805,990 shares of the asset manager’s stock valued at $102,191,000 after acquiring an additional 488,690 shares during the last quarter. Hedge funds and other institutional investors own 83.19% of the company’s stock.

Northern Trust Trading Up 0.6%

Shares of NTRS opened at $147.23 on Wednesday. Northern Trust Corporation has a twelve month low of $81.62 and a twelve month high of $157.60. The stock has a market cap of $27.84 billion, a PE ratio of 16.85, a P/E/G ratio of 1.18 and a beta of 1.27. The company has a quick ratio of 0.70, a current ratio of 0.69 and a debt-to-equity ratio of 0.57. The business’s 50-day moving average price is $144.47 and its 200-day moving average price is $134.50.

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 the consensus estimate of $2.37 by $0.05. The company had revenue of $3.15 billion during the quarter. Northern Trust had a net margin of 12.15% and a return on equity of 14.87%. Northern Trust’s revenue was up 8.4% on a year-over-year basis. During the same period in the prior year, the firm posted $2.26 EPS. On average, equities analysts forecast 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 issued a $0.80 dividend. The ex-dividend date of this dividend is Friday, March 6th. This represents a $3.20 annualized dividend and a dividend yield of 2.2%. Northern Trust’s dividend payout ratio is presently 36.61%.

Insider Buying and Selling

In other Northern Trust news, Director Robert Edward Jr. Moritz bought 245 shares of Northern Trust stock in a transaction that occurred on Monday, February 2nd. The stock was acquired at an average cost of $151.85 per share, for a total transaction of $37,203.25. Following the completion of the transaction, the director directly owned 6,931 shares in the company, valued at $1,052,472.35. This represents a 3.66% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Clive Bellows sold 1,148 shares of the company’s stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $145.26, for a total value of $166,758.48. Following the completion of the transaction, the insider owned 34,133 shares in the company, valued at $4,958,159.58. This represents a 3.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 27,191 shares of company stock valued at $4,061,028 in the last ninety days. 0.77% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on NTRS. Morgan Stanley raised their price target on shares of Northern Trust from $131.00 to $140.00 and gave the stock an “underweight” rating in a research note on Friday, January 23rd. Evercore raised their target price on Northern Trust from $142.00 to $155.00 and gave the stock an “in-line” rating in a research report on Friday, January 23rd. Royal Bank Of Canada upped their price target on Northern Trust from $139.00 to $159.00 and gave the company an “outperform” rating in a research report on Friday, January 23rd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Northern Trust in a research note on Thursday, January 22nd. Finally, The Goldman Sachs Group boosted their price objective on Northern Trust from $130.00 to $148.00 and gave the company a “sell” rating in a research note on Wednesday, January 28th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, Northern Trust presently has an average rating of “Hold” and a consensus price target of $148.75.

About Northern Trust

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.