Mitsubishi UFJ Asset Management Co. Ltd. Purchases 20,237 Shares of Northern Trust Corporation $NTRS

Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Northern Trust Corporation (NASDAQ:NTRS) by 5.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 391,761 shares of the asset manager’s stock after buying an additional 20,237 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.21% of Northern Trust worth $52,731,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Bank of New York Mellon Corp grew its stake in Northern Trust by 2.1% in 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 during the period. Jupiter Asset Management Ltd. bought a new position in Northern Trust during the third quarter valued at about $64,863,000. Aviva PLC increased its holdings in Northern Trust by 8.4% during the second quarter. Aviva PLC now owns 149,911 shares of the asset manager’s stock worth $19,007,000 after buying an additional 11,587 shares during the last quarter. SG Americas Securities LLC raised its position in 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 acquiring an additional 52,711 shares during the period. Finally, National Pension Service raised its position in Northern Trust by 4.3% in the third quarter. National Pension Service now owns 360,527 shares of the asset manager’s stock worth $48,527,000 after acquiring an additional 14,899 shares during the period. Hedge funds and other institutional investors own 83.19% of the company’s stock.

Analyst Upgrades and Downgrades

NTRS has been the subject of a number of research reports. TD Cowen increased their target price on shares of Northern Trust from $165.00 to $175.00 and gave the company a “buy” rating in a research report on Monday, January 26th. Truist Financial set a $148.00 price objective on Northern Trust in a report on Wednesday, January 7th. Royal Bank Of Canada boosted their target price on Northern Trust from $139.00 to $159.00 and gave the company an “outperform” rating in a research note on Friday, January 23rd. Barclays increased their price target on Northern Trust from $136.00 to $160.00 and gave the stock an “equal weight” rating in a research note on Monday, January 5th. Finally, 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 report on Friday, January 23rd. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, Northern Trust presently has a consensus rating of “Hold” and an average target price of $148.75.

Northern Trust Price Performance

Shares of NASDAQ NTRS opened at $143.09 on Friday. The stock has a fifty day moving average of $145.39 and a 200-day moving average of $135.47. The stock has a market cap of $26.59 billion, a PE ratio of 16.37, a price-to-earnings-growth ratio of 1.15 and a beta of 1.27. 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 Corporation has a fifty-two week low of $81.62 and a fifty-two week high of $157.60.

Northern Trust (NASDAQ:NTRS) last issued its earnings results 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 during the quarter. During the same quarter in the prior year, the business earned $2.26 EPS. The firm’s revenue for the quarter was up 8.4% compared to the same quarter last year. Equities research analysts anticipate that Northern Trust Corporation will post 8.27 earnings per share for the current year.

Northern Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Friday, March 6th will be issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Friday, March 6th. Northern Trust’s dividend payout ratio is 36.61%.

Insider Buying and Selling at Northern Trust

In related news, insider Clive Bellows sold 1,148 shares of Northern Trust stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $145.26, for a total transaction of $166,758.48. Following the completion of the sale, the insider owned 34,133 shares of the company’s stock, valued at approximately $4,958,159.58. This trade represents a 3.25% 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, Director Robert Edward Jr. Moritz bought 245 shares of Northern Trust stock in a transaction that occurred on Monday, February 2nd. The shares were acquired at an average price of $151.85 per share, with a total value of $37,203.25. Following the completion of the transaction, the director owned 6,931 shares of the company’s stock, valued at $1,052,472.35. This represents a 3.66% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have sold a total of 28,641 shares of company stock worth $4,269,900 in the last ninety days. Insiders own 0.77% 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.