Northern Trust (NASDAQ:NTRS) Director Robert Edward Jr. Moritz Buys 245 Shares

Northern Trust Corporation (NASDAQ:NTRS) Director Robert Edward Jr. Moritz bought 245 shares of the business’s stock in a transaction that occurred on Monday, February 2nd. The shares were acquired at an average price of $151.85 per share, for a total transaction of $37,203.25. Following the completion of the transaction, the director owned 6,931 shares in the company, valued at $1,052,472.35. This trade represents a 3.66% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Northern Trust Trading Down 1.2%

Shares of NASDAQ NTRS opened at $149.84 on Wednesday. The firm has a 50 day moving average price of $141.19 and a two-hundred day moving average price of $133.09. The stock has a market cap of $28.34 billion, a P/E ratio of 17.14, a price-to-earnings-growth ratio of 1.23 and a beta of 1.27. Northern Trust Corporation has a 52-week low of $81.62 and a 52-week high of $157.60. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.70 and a current ratio of 0.69.

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

Northern Trust Dividend Announcement

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

Analyst Upgrades and Downgrades

Several brokerages have issued reports on NTRS. Wall Street Zen raised Northern Trust from a “sell” rating to a “hold” rating in a research note on Saturday, December 27th. Barclays lifted their price objective on shares of Northern Trust from $136.00 to $160.00 and gave the company an “equal weight” rating in a research note on Monday, January 5th. Wells Fargo & Company increased their target price on shares of Northern Trust from $145.00 to $150.00 and gave the stock an “equal weight” rating in a research note on Friday, January 23rd. The Goldman Sachs Group lifted their price target on shares of Northern Trust from $130.00 to $148.00 and gave the company a “sell” rating in a research note on Wednesday, January 28th. Finally, Truist Financial set a $148.00 price objective on shares of Northern Trust in a report on Wednesday, January 7th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, seven have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, Northern Trust presently has a consensus rating of “Hold” and an average target price of $148.75.

Institutional Trading of Northern Trust

A number of hedge funds have recently bought and sold shares of NTRS. Cullen Frost Bankers Inc. increased its holdings in Northern Trust by 84.8% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 1,567 shares of the asset manager’s stock worth $199,000 after acquiring an additional 719 shares during the period. Bank of New York Mellon Corp grew its position in shares of Northern Trust by 2.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,947,456 shares of the asset manager’s stock valued at $262,128,000 after purchasing an additional 40,048 shares in the last quarter. Aviva PLC grew its position in shares of Northern Trust by 8.4% during the 2nd quarter. Aviva PLC now owns 149,911 shares of the asset manager’s stock valued at $19,007,000 after purchasing an additional 11,587 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of Northern Trust by 228.0% in the third quarter. SG Americas Securities LLC now owns 75,829 shares of the asset manager’s stock worth $10,207,000 after purchasing an additional 52,711 shares during the period. Finally, Advisory Services Network LLC raised its position in shares of Northern Trust by 25.7% in the second quarter. Advisory Services Network LLC now owns 40,090 shares of the asset manager’s stock worth $5,212,000 after buying an additional 8,201 shares in the last quarter. 83.19% of the stock is currently owned by institutional investors.

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.