Retireful LLC Purchases New Holdings in Northern Trust Corporation $NTRS

Retireful LLC purchased a new position in Northern Trust Corporation (NASDAQ:NTRS) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 4,318 shares of the asset manager’s stock, valued at approximately $581,000.

Several other large investors have also bought and sold shares of NTRS. FNY Investment Advisers LLC purchased a new position in shares of Northern Trust during the second quarter valued at approximately $25,000. AlphaCore Capital LLC increased its stake in shares of Northern Trust by 87.4% in the 2nd quarter. AlphaCore Capital LLC now owns 208 shares of the asset manager’s stock worth $27,000 after purchasing an additional 97 shares in the last quarter. Hantz Financial Services Inc. lifted its position in shares of Northern Trust by 5,225.0% during the 2nd quarter. Hantz Financial Services Inc. now owns 213 shares of the asset manager’s stock valued at $27,000 after buying an additional 209 shares in the last quarter. Clearstead Trust LLC purchased a new position in shares of Northern Trust during the 2nd quarter valued at about $29,000. Finally, GFG Capital LLC bought a new position in shares of Northern Trust during the 2nd quarter valued at approximately $35,000. 83.19% of the stock is owned by hedge funds and other institutional investors.

Northern Trust Trading Down 0.4%

Shares of NTRS opened at $140.14 on Monday. The stock has a market capitalization of $26.50 billion, a PE ratio of 16.33, a P/E/G ratio of 1.51 and a beta of 1.27. The company’s fifty day moving average is $131.57 and its 200 day moving average is $128.65. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.70 and a current ratio of 0.70. Northern Trust Corporation has a fifty-two week low of $81.62 and a fifty-two week high of $141.25.

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

Northern Trust Announces Dividend

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

Analyst Upgrades and Downgrades

NTRS has been the topic of several analyst reports. BMO Capital Markets assumed coverage on shares of Northern Trust in a report on Friday, October 3rd. They set a “market perform” rating and a $142.00 price target on the stock. Wells Fargo & Company raised their price objective on shares of Northern Trust from $127.00 to $131.00 and gave the company an “equal weight” rating in a research report on Thursday, October 23rd. Zacks Research lowered Northern Trust from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 9th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Northern Trust in a research report on Wednesday, October 8th. Finally, Truist Financial lowered their price target on Northern Trust from $142.00 to $139.00 and set a “hold” rating on the stock in a report on Thursday, October 23rd. 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $132.46.

Insider Buying and Selling

In related news, EVP Susan Cohen Levy sold 27,591 shares of Northern Trust stock in a transaction dated Tuesday, November 4th. The shares were 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 in the company, valued at $6,183,169.41. This trade represents a 36.38% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider John Landers sold 766 shares of the company’s stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $124.35, for a total transaction of $95,252.10. Following the completion of the transaction, the insider owned 7,313 shares in the company, valued at $909,371.55. This represents a 9.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.77% of the stock is owned by corporate insiders.

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.