Capital Fund Management S.A. Boosts Stock Holdings in Northern Trust Corporation $NTRS

Capital Fund Management S.A. increased its holdings in Northern Trust Corporation (NASDAQ:NTRS) by 52.3% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 75,964 shares of the asset manager’s stock after purchasing an additional 26,092 shares during the quarter. Capital Fund Management S.A.’s holdings in Northern Trust were worth $10,225,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in Northern Trust by 0.8% in the second quarter. Vanguard Group Inc. now owns 22,593,674 shares of the asset manager’s stock worth $2,864,652,000 after purchasing an additional 188,472 shares in the last quarter. Primecap Management Co. CA boosted its holdings in shares of Northern Trust by 19.5% in the 2nd quarter. Primecap Management Co. CA now owns 7,793,757 shares of the asset manager’s stock valued at $988,170,000 after buying an additional 1,270,748 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Northern Trust by 3.7% in the 2nd quarter. Geode Capital Management LLC now owns 5,196,659 shares of the asset manager’s stock valued at $656,229,000 after buying an additional 184,726 shares in the last quarter. Invesco Ltd. grew its position in shares of Northern Trust by 1.7% in the 2nd quarter. Invesco Ltd. now owns 3,501,628 shares of the asset manager’s stock worth $443,971,000 after buying an additional 58,029 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of Northern Trust by 1.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,692,597 shares of the asset manager’s stock worth $341,399,000 after acquiring an additional 33,227 shares in the last quarter. Hedge funds and other institutional investors own 83.19% of the company’s stock.

Insider Transactions at Northern Trust

In other Northern Trust news, insider Clive Bellows sold 1,148 shares of Northern Trust stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $145.26, for a total transaction of $166,758.48. Following the completion of the sale, the insider directly owned 34,133 shares in the company, valued at approximately $4,958,159.58. The trade was a 3.25% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Robert Edward Jr. Moritz acquired 245 shares of the company’s stock in a transaction dated Monday, February 2nd. The stock was acquired at an average cost of $151.85 per share, for a total transaction of $37,203.25. Following the completion of the acquisition, the director directly owned 6,931 shares in the company, valued at approximately $1,052,472.35. The trade was a 3.66% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have sold 34,905 shares of company stock valued at $5,166,714 over the last quarter. Company insiders own 0.77% of the company’s stock.

Northern Trust Price Performance

Shares of NTRS opened at $137.30 on Friday. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.69 and a quick ratio of 0.69. The company’s fifty day moving average price is $145.71 and its 200-day moving average price is $136.26. Northern Trust Corporation has a 1-year low of $81.62 and a 1-year high of $157.60. The firm has a market capitalization of $25.51 billion, a PE ratio of 15.71, a price-to-earnings-growth ratio of 1.12 and a beta of 1.27.

Northern Trust (NASDAQ:NTRS) last issued its quarterly earnings results on Friday, January 30th. The asset manager reported $2.42 EPS for the quarter, topping analysts’ consensus estimates of $2.37 by $0.05. The company had revenue of $3.15 billion during the quarter. Northern Trust had a return on equity of 14.87% and a net margin of 12.15%.The business’s revenue was up 8.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.26 EPS. On average, equities research analysts predict 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 Wednesday, April 1st. Investors of record on Friday, March 6th will be issued a dividend of $0.80 per share. The ex-dividend date of this dividend is Friday, March 6th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.3%. Northern Trust’s payout ratio is 36.61%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on NTRS shares. Citigroup assumed coverage on shares of Northern Trust in a report on Monday, February 23rd. They issued a “neutral” rating on the stock. Barclays raised their price objective on Northern Trust from $136.00 to $160.00 and gave the stock an “equal weight” rating in a research report on Monday, January 5th. Weiss Ratings restated a “buy (b-)” rating on shares of Northern Trust in a research note 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, January 28th. Finally, Truist Financial set a $148.00 price target on 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 issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $148.75.

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.