Northern Trust Corporation $NTRS Shares Purchased by Corient Private Wealth LLC

Corient Private Wealth LLC boosted its stake in Northern Trust Corporation (NASDAQ:NTRS) by 3.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 400,809 shares of the asset manager’s stock after acquiring an additional 15,221 shares during the period. Corient Private Wealth LLC’s holdings in Northern Trust were worth $55,154,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. State Street Corp increased its position in shares of Northern Trust by 1.0% during the third quarter. State Street Corp now owns 9,493,634 shares of the asset manager’s stock valued at $1,285,236,000 after acquiring an additional 97,584 shares during the last quarter. Invesco Ltd. raised its stake in shares of Northern Trust by 8.7% in the 4th quarter. Invesco Ltd. now owns 3,747,840 shares of the asset manager’s stock valued at $511,917,000 after acquiring an additional 301,164 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of Northern Trust by 5.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,894,755 shares of the asset manager’s stock worth $395,395,000 after acquiring an additional 161,826 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Northern Trust by 1.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,419,674 shares of the asset manager’s stock worth $330,527,000 after acquiring an additional 41,478 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Northern Trust by 0.3% during the 4th quarter. Bank of New York Mellon Corp now owns 1,953,020 shares of the asset manager’s stock worth $266,763,000 after purchasing an additional 5,564 shares during the period. Institutional investors and hedge funds own 83.19% of the company’s stock.

Northern Trust Stock Performance

Shares of NTRS stock opened at $172.11 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.62 and a current ratio of 0.62. The stock has a market capitalization of $31.85 billion, a P/E ratio of 18.02, a price-to-earnings-growth ratio of 1.23 and a beta of 1.25. The company has a 50 day moving average price of $165.57 and a 200 day moving average price of $150.37. Northern Trust Corporation has a fifty-two week low of $111.42 and a fifty-two week high of $176.99.

Northern Trust (NASDAQ:NTRS) last released its earnings results on Tuesday, April 21st. The asset manager reported $2.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.37 by $0.34. Northern Trust had a net margin of 12.84% and a return on equity of 15.94%. The company had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.13 billion. During the same period in the prior year, the business earned $1.90 EPS. The firm’s quarterly revenue was up 13.8% on a year-over-year basis. Equities research analysts predict that Northern Trust Corporation will post 10.68 EPS for the current fiscal year.

Northern Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Friday, June 5th will be given a dividend of $0.80 per share. The ex-dividend date of this dividend is Friday, June 5th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.9%. Northern Trust’s dividend payout ratio is currently 33.51%.

Insider Activity

In related news, Director Robert Edward Jr. Moritz purchased 225 shares of the business’s stock in a transaction on 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 acquisition, 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 ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO David W. Fox, Jr. sold 19,987 shares of the stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $166.16, for a total value of $3,321,039.92. Following the completion of the sale, the chief financial officer directly owned 18,588 shares in the company, valued at $3,088,582.08. This represents a 51.81% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 22,800 shares of company stock worth $3,785,251. Corporate insiders own 0.66% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on NTRS shares. Barclays lifted their target price on shares of Northern Trust from $160.00 to $176.00 and gave the company an “equal weight” rating in a report on Wednesday, April 22nd. Wells Fargo & Company upped their price target on Northern Trust from $150.00 to $175.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 22nd. JPMorgan Chase & Co. raised their price target on Northern Trust from $153.50 to $170.00 and gave the stock a “neutral” rating in a research report on Monday, May 11th. Truist Financial lifted their price objective on Northern Trust from $155.00 to $176.00 and gave the company a “hold” rating in a research note on Wednesday, April 22nd. Finally, Citigroup began coverage on Northern Trust in a report on Monday, February 23rd. They issued a “neutral” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $164.08.

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.