Barclays PLC Has $140.27 Million Holdings in Northern Trust Corporation $NTRS

Barclays PLC grew its holdings in Northern Trust Corporation (NASDAQ:NTRS) by 62.4% during the 3rd quarter, Holdings Channel reports. The firm owned 1,042,084 shares of the asset manager’s stock after purchasing an additional 400,247 shares during the period. Barclays PLC’s holdings in Northern Trust were worth $140,265,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in Northern Trust by 0.8% during the 2nd quarter. Vanguard Group Inc. now owns 22,593,674 shares of the asset manager’s stock worth $2,864,652,000 after acquiring an additional 188,472 shares during the period. Primecap Management Co. CA lifted its stake in shares of Northern Trust by 19.5% in the 2nd quarter. Primecap Management Co. CA now owns 7,793,757 shares of the asset manager’s stock valued at $988,170,000 after purchasing an additional 1,270,748 shares during the period. Geode Capital Management LLC lifted its stake in shares of Northern Trust by 3.7% in the 2nd quarter. Geode Capital Management LLC now owns 5,196,659 shares of the asset manager’s stock valued at $656,229,000 after purchasing an additional 184,726 shares during the period. Invesco Ltd. boosted its position in shares of Northern Trust by 1.7% in the 2nd quarter. Invesco Ltd. now owns 3,501,628 shares of the asset manager’s stock worth $443,971,000 after purchasing an additional 58,029 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of Northern Trust by 1.2% during the second quarter. JPMorgan Chase & Co. now owns 2,692,597 shares of the asset manager’s stock worth $341,399,000 after purchasing an additional 33,227 shares during the period. Institutional investors and hedge funds own 83.19% of the company’s stock.

Northern Trust Trading Down 3.4%

NASDAQ:NTRS opened at $138.59 on Friday. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.69 and a quick ratio of 0.69. The business’s 50-day simple moving average is $145.64 and its 200-day simple moving average is $136.03. Northern Trust Corporation has a fifty-two week low of $81.62 and a fifty-two week high of $157.60. The stock has a market capitalization of $25.75 billion, a PE ratio of 15.86, a price-to-earnings-growth ratio of 1.11 and a beta of 1.27.

Northern Trust (NASDAQ:NTRS) last posted its earnings results on Friday, January 30th. The asset manager reported $2.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.37 by $0.05. The business had revenue of $3.15 billion during the quarter. Northern Trust had a return on equity of 14.87% and a net margin of 12.15%.Northern Trust’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same period in the previous year, the company posted $2.26 earnings per share. Sell-side analysts expect that Northern Trust Corporation will post 8.27 earnings per share for the current fiscal year.

Northern Trust Dividend Announcement

The business 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. This represents a $3.20 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Friday, March 6th. Northern Trust’s dividend payout ratio is 36.61%.

Wall Street Analysts Forecast Growth

NTRS has been the subject of a number of recent analyst reports. Truist Financial set a $148.00 price objective on Northern Trust in a report on Wednesday, January 7th. TD Cowen raised their target price on Northern Trust from $165.00 to $175.00 and gave the stock a “buy” rating in a report on Monday, January 26th. 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 note on Friday, January 23rd. Wall Street Zen upgraded shares of Northern Trust from a “sell” rating to a “hold” rating in a research report on Saturday, December 27th. Finally, The Goldman Sachs Group lifted their price objective on shares of Northern Trust from $130.00 to $148.00 and gave the stock a “sell” rating in a research note on Wednesday, January 28th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $148.75.

Insider Activity at Northern Trust

In related news, insider Clive Bellows sold 1,148 shares of the firm’s stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $145.26, for a total transaction of $166,758.48. Following the sale, the insider directly owned 34,133 shares in the company, valued at $4,958,159.58. This trade represents a 3.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO David W. Fox, Jr. sold 3,255 shares of the business’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $143.89, for a total transaction of $468,361.95. Following the completion of the sale, the chief financial officer directly owned 14,552 shares in the company, valued at $2,093,887.28. This represents a 18.28% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 34,905 shares of company stock valued at $5,166,714 over the last three months. Insiders own 0.77% of the company’s stock.

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.