Precision Wealth Strategies LLC Makes New $613,000 Investment in Northern Trust Corporation $NTRS

Precision Wealth Strategies LLC bought a new position in Northern Trust Corporation (NASDAQ:NTRS) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 4,552 shares of the asset manager’s stock, valued at approximately $613,000.

A number of other large investors also recently made changes to their positions in NTRS. Jump Financial LLC increased its stake in Northern Trust by 609.5% in the 1st quarter. Jump Financial LLC now owns 14,935 shares of the asset manager’s stock valued at $1,473,000 after buying an additional 12,830 shares during the last quarter. Synovus Financial Corp lifted its holdings in Northern Trust by 196.6% during the first quarter. Synovus Financial Corp now owns 7,577 shares of the asset manager’s stock worth $747,000 after acquiring an additional 5,022 shares during the period. FORA Capital LLC purchased a new position in Northern Trust in the first quarter worth $243,000. CreativeOne Wealth LLC grew its stake in Northern Trust by 49.1% in the 1st quarter. CreativeOne Wealth LLC now owns 3,682 shares of the asset manager’s stock valued at $363,000 after purchasing an additional 1,213 shares during the period. Finally, B. Metzler seel. Sohn & Co. AG increased its position in shares of Northern Trust by 6.4% during the 1st quarter. B. Metzler seel. Sohn & Co. AG now owns 19,231 shares of the asset manager’s stock valued at $1,897,000 after purchasing an additional 1,159 shares during the last quarter. 83.19% of the stock is owned by institutional investors.

Northern Trust Trading Up 0.4%

NASDAQ:NTRS opened at $140.75 on Friday. Northern Trust Corporation has a 1 year low of $81.62 and a 1 year high of $141.25. The stock’s fifty day moving average price is $131.26 and its two-hundred day moving average price is $128.16. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.70 and a quick ratio of 0.70. The company has a market cap of $26.62 billion, a P/E ratio of 16.40, a P/E/G ratio of 1.52 and a beta of 1.27.

Northern Trust (NASDAQ:NTRS) last issued its quarterly earnings data on Wednesday, October 22nd. The asset manager reported $2.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.26 by $0.03. The business had revenue of $2.03 billion for the quarter, compared to analysts’ expectations of $2.02 billion. Northern Trust had a return on equity of 14.37% and a net margin of 11.99%.The firm’s quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.22 EPS. As a group, analysts expect that Northern Trust Corporation will post 8.27 EPS for the current year.

Northern Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 1st. Investors of record on Friday, December 5th will be issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Friday, December 5th. Northern Trust’s dividend payout ratio is 37.30%.

Wall Street Analyst Weigh In

NTRS has been the subject of several research reports. The Goldman Sachs Group set a $135.00 price target on shares of Northern Trust in a research report on Tuesday, September 30th. Zacks Research downgraded shares of Northern Trust from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 9th. BMO Capital Markets assumed coverage on shares of Northern Trust in a research note on Friday, October 3rd. They set a “market perform” rating and a $142.00 price target for the company. Keefe, Bruyette & Woods upped their price objective on Northern Trust from $123.00 to $125.00 and gave the company an “underperform” rating in a research note on Thursday, October 23rd. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Northern Trust in a research report on Wednesday, October 8th. Five investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, Northern Trust presently has a consensus rating of “Hold” and a consensus target price of $132.46.

Insiders Place Their Bets

In related news, EVP Susan Cohen Levy sold 27,591 shares of Northern Trust stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $128.13, for a total transaction of $3,535,234.83. Following the completion of the sale, the executive vice president owned 48,257 shares of the company’s stock, valued at approximately $6,183,169.41. This trade represents a 36.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John Landers sold 766 shares of the business’s stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $124.35, for a total value of $95,252.10. Following the transaction, the insider owned 7,313 shares of the company’s stock, valued at approximately $909,371.55. The trade was a 9.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.77% of the company’s stock.

Northern Trust 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.