Hussman Strategic Advisors Inc. Has $1.41 Million Stock Holdings in Northern Trust Corporation $NTRS

Hussman Strategic Advisors Inc. grew its position in Northern Trust Corporation (NASDAQ:NTRS) by 66.7% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 10,500 shares of the asset manager’s stock after purchasing an additional 4,200 shares during the period. Hussman Strategic Advisors Inc.’s holdings in Northern Trust were worth $1,413,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. FNY Investment Advisers LLC bought a new position in Northern Trust in the second quarter valued at about $25,000. Hantz Financial Services Inc. raised its holdings in Northern Trust by 5,225.0% during the 2nd quarter. Hantz Financial Services Inc. now owns 213 shares of the asset manager’s stock worth $27,000 after purchasing an additional 209 shares during the last quarter. AlphaCore Capital LLC raised its holdings in Northern Trust by 87.4% during 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 during the last quarter. Clearstead Trust LLC acquired a new position in Northern Trust during the 2nd quarter valued at about $29,000. Finally, GFG Capital LLC bought a new position in shares of Northern Trust in the 2nd quarter valued at about $35,000. Institutional investors own 83.19% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on NTRS. Barclays boosted their price target on shares of Northern Trust from $136.00 to $160.00 and gave the stock an “equal weight” rating in a research note on Monday, January 5th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Northern Trust in a report on Thursday, January 22nd. The Goldman Sachs Group increased their price target on Northern Trust from $130.00 to $148.00 and gave the company a “sell” rating in a research note on Wednesday. Wells Fargo & Company lifted their price objective on Northern Trust from $145.00 to $150.00 and gave the stock an “equal weight” rating in a research note on Friday, January 23rd. Finally, Morgan Stanley upped their price objective on Northern Trust from $131.00 to $140.00 and gave the company an “underweight” rating in a report on Friday, January 23rd. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Northern Trust presently has an average rating of “Hold” and an average price target of $148.75.

Northern Trust Price Performance

Shares of NTRS stock opened at $150.25 on Thursday. The company has a quick ratio of 0.70, a current ratio of 0.69 and a debt-to-equity ratio of 0.57. Northern Trust Corporation has a 12-month low of $81.62 and a 12-month high of $157.60. The firm has a fifty day moving average of $139.39 and a 200-day moving average of $132.36. The firm has a market capitalization of $28.42 billion, a price-to-earnings ratio of 17.19, a price-to-earnings-growth ratio of 1.21 and a beta of 1.27.

Northern Trust (NASDAQ:NTRS) last issued its quarterly earnings data on Friday, January 30th. The asset manager reported $2.42 EPS for the quarter, topping the consensus estimate of $2.37 by $0.05. Northern Trust had a return on equity of 14.87% and a net margin of 12.15%.The business had revenue of $3.15 billion for the quarter. During the same period in the previous year, the business posted $2.26 EPS. The business’s quarterly revenue was up 8.4% compared to the same quarter last year. On average, equities research analysts forecast that Northern Trust Corporation will post 8.27 earnings per share for the current year.

Northern Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Friday, March 6th will be issued a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Friday, March 6th. Northern Trust’s payout ratio is 36.61%.

Insiders Place Their Bets

In related news, Director Robert Edward Jr. Moritz purchased 3,891 shares of the business’s stock in a transaction on Tuesday, November 4th. The shares were purchased at an average price of $128.57 per share, with a total value of $500,265.87. Following the completion of the purchase, the director owned 6,686 shares in the company, valued at $859,619.02. This represents a 139.21% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Peter Cherecwich sold 25,000 shares of the stock in a transaction on Monday, January 26th. The stock was sold at an average price of $149.62, for a total transaction of $3,740,500.00. Following the sale, the chief operating officer directly owned 26,259 shares of the company’s stock, valued at $3,928,871.58. This represents a 48.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 53,357 shares of company stock valued at $7,370,987 over the last 90 days. 0.77% of the stock is owned by company insiders.

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.