Arbejdsmarkedets Tillaegspension Raises Stake in Northern Trust Corporation $NTRS

Arbejdsmarkedets Tillaegspension boosted its stake in Northern Trust Corporation (NASDAQ:NTRS) by 3.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 180,499 shares of the asset manager’s stock after purchasing an additional 6,118 shares during the quarter. Arbejdsmarkedets Tillaegspension’s holdings in Northern Trust were worth $25,192,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in NTRS. Empowered Funds LLC grew its stake in Northern Trust by 13.3% during the first quarter. Empowered Funds LLC now owns 20,112 shares of the asset manager’s stock valued at $1,984,000 after acquiring an additional 2,363 shares in the last quarter. Woodline Partners LP boosted its holdings in Northern Trust by 39.1% in the 1st quarter. Woodline Partners LP now owns 16,557 shares of the asset manager’s stock valued at $1,633,000 after purchasing an additional 4,653 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in Northern Trust by 79.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,350 shares of the asset manager’s stock valued at $171,000 after purchasing an additional 596 shares during the period. WINTON GROUP Ltd purchased a new position in shares of Northern Trust during the 2nd quarter valued at $267,000. Finally, Daiwa Securities Group Inc. grew its position in shares of Northern Trust by 4.6% during the 2nd quarter. Daiwa Securities Group Inc. now owns 29,290 shares of the asset manager’s stock valued at $3,714,000 after purchasing an additional 1,275 shares in the last quarter. Hedge funds and other institutional investors own 83.19% of the company’s stock.

Analyst Upgrades and Downgrades

NTRS has been the topic of a number of recent analyst reports. Royal Bank Of Canada increased their price objective on Northern Trust from $159.00 to $178.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 22nd. Zacks Research upgraded shares of Northern Trust from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. Barclays raised their target price on shares of Northern Trust from $160.00 to $176.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 22nd. Evercore set a $179.00 target price on shares of Northern Trust in a research report on Monday, July 6th. Finally, UBS Group set a $186.00 price target on shares of Northern Trust in a research note on Friday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $178.75.

Northern Trust Price Performance

NTRS stock opened at $183.55 on Monday. The firm has a 50 day moving average price of $170.53 and a 200-day moving average price of $154.85. Northern Trust Corporation has a 52-week low of $118.99 and a 52-week high of $185.57. The firm has a market capitalization of $33.97 billion, a price-to-earnings ratio of 19.22, a PEG ratio of 1.17 and a beta of 1.25. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.62 and a current ratio of 0.62.

Northern Trust (NASDAQ:NTRS) last posted its quarterly earnings results on Tuesday, April 21st. The asset manager reported $2.71 earnings per share for the quarter, topping 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 company had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.13 billion. During the same quarter in the prior 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 11.29 EPS for the current fiscal year.

Northern Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Friday, June 5th were paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Friday, June 5th. Northern Trust’s dividend payout ratio is currently 33.51%.

Insider Transactions at Northern Trust

In related news, Director Robert Edward Jr. Moritz purchased 225 shares of Northern Trust stock in a transaction dated Friday, May 1st. The stock was purchased at an average cost of $166.41 per share, for a total transaction of $37,442.25. Following the completion of the acquisition, the director directly owned 8,145 shares of the company’s stock, valued at $1,355,409.45. The trade was a 2.84% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Clive Bellows sold 2,800 shares of Northern Trust stock in a transaction dated Friday, April 24th. The stock was sold at an average price of $165.02, for a total value of $462,056.00. Following the completion of the transaction, the insider directly owned 28,217 shares of the company’s stock, valued at approximately $4,656,369.34. This represents a 9.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 22,800 shares of company stock valued at $3,785,251. Insiders own 0.66% of the company’s stock.

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.