Northern Trust Corporation $NTRS Position Increased by Diversified Trust Co

Diversified Trust Co lifted its stake in shares of Northern Trust Corporation (NASDAQ:NTRS) by 95.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,000 shares of the asset manager’s stock after acquiring an additional 4,397 shares during the quarter. Diversified Trust Co’s holdings in Northern Trust were worth $1,256,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of NTRS. New Age Alpha Advisors LLC increased its position in shares of Northern Trust by 4.9% in the third quarter. New Age Alpha Advisors LLC now owns 1,659 shares of the asset manager’s stock worth $223,000 after acquiring an additional 78 shares in the last quarter. Compound Planning Inc. lifted its position in shares of Northern Trust by 5.1% in the 3rd quarter. Compound Planning Inc. now owns 1,666 shares of the asset manager’s stock valued at $224,000 after acquiring an additional 81 shares in the last quarter. Apollon Wealth Management LLC boosted its stake in Northern Trust by 1.9% in the 4th quarter. Apollon Wealth Management LLC now owns 4,379 shares of the asset manager’s stock worth $598,000 after purchasing an additional 81 shares during the period. NorthRock Partners LLC boosted its stake in Northern Trust by 2.2% in the 3rd quarter. NorthRock Partners LLC now owns 3,812 shares of the asset manager’s stock worth $513,000 after purchasing an additional 83 shares during the period. Finally, MML Investors Services LLC boosted its stake in Northern Trust by 1.3% in the 4th quarter. MML Investors Services LLC now owns 6,452 shares of the asset manager’s stock worth $881,000 after purchasing an additional 83 shares during the period. 83.19% of the stock is owned by hedge funds and other institutional investors.

Northern Trust Stock Up 0.4%

NTRS opened at $176.26 on Wednesday. The company has a market capitalization of $32.62 billion, a PE ratio of 18.46, a price-to-earnings-growth ratio of 1.26 and a beta of 1.25. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.62 and a quick ratio of 0.62. Northern Trust Corporation has a fifty-two week low of $117.76 and a fifty-two week high of $177.78. The business has a 50-day moving average of $166.51 and a 200-day moving average of $151.14.

Northern Trust (NASDAQ:NTRS) last announced its quarterly earnings results on Tuesday, April 21st. The asset manager reported $2.71 EPS for the quarter, beating the consensus estimate of $2.37 by $0.34. Northern Trust had a return on equity of 15.94% and a net margin of 12.84%.The business had revenue of $2.21 billion during the quarter, compared to analysts’ expectations of $2.13 billion. During the same quarter in the previous year, the business posted $1.90 EPS. The firm’s quarterly revenue was up 13.8% compared to the same quarter last year. Equities research analysts forecast that Northern Trust Corporation will post 10.68 EPS for the current fiscal year.

Northern Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Friday, June 5th will be given a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Friday, June 5th. Northern Trust’s payout ratio is currently 33.51%.

Analysts Set New Price Targets

Several analysts have issued reports on NTRS shares. Wells Fargo & Company boosted their target price on shares of Northern Trust from $150.00 to $175.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 22nd. Weiss Ratings upgraded Northern Trust from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 4th. Zacks Research raised Northern Trust from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. The Goldman Sachs Group increased their price objective on Northern Trust from $151.00 to $169.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 22nd. Finally, BMO Capital Markets upgraded Northern Trust from a “market perform” rating to an “outperform” rating and set a $168.00 price objective for the company in a research report on Monday, April 6th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Northern Trust presently has an average rating of “Hold” and an average price target of $164.08.

Insider Transactions at Northern Trust

In other Northern Trust news, Director Robert Edward Jr. Moritz purchased 225 shares of the company’s stock in a transaction dated Friday, May 1st. The shares were bought at an average price of $166.41 per share, for a total transaction of $37,442.25. Following the purchase, the director directly owned 8,145 shares in the company, valued at $1,355,409.45. This trade represents a 2.84% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO David W. Fox, Jr. sold 19,987 shares of the firm’s stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $166.16, for a total transaction of $3,321,039.92. Following the transaction, the chief financial officer owned 18,588 shares in the company, valued at $3,088,582.08. This represents a 51.81% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 22,800 shares of company stock worth $3,785,251 in the last 90 days. 0.66% 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.