iSAM Funds UK Ltd Makes New Investment in Northern Trust Corporation $NTRS

iSAM Funds UK Ltd purchased a new stake in Northern Trust Corporation (NASDAQ:NTRS) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 16,742 shares of the asset manager’s stock, valued at approximately $2,253,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Bank of New York Mellon Corp increased its stake 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 worth $262,128,000 after purchasing an additional 40,048 shares in the last quarter. Jupiter Asset Management Ltd. purchased a new stake in Northern Trust in the 3rd quarter valued at approximately $64,863,000. Barclays PLC lifted its stake in Northern Trust by 62.4% in the 3rd quarter. Barclays PLC now owns 1,042,084 shares of the asset manager’s stock valued at $140,265,000 after buying an additional 400,247 shares in the last quarter. SG Americas Securities LLC grew its holdings in Northern Trust by 228.0% during the 3rd quarter. SG Americas Securities LLC now owns 75,829 shares of the asset manager’s stock valued at $10,207,000 after buying an additional 52,711 shares during the last quarter. Finally, National Pension Service grew its holdings in Northern Trust by 4.3% during the 3rd quarter. National Pension Service now owns 360,527 shares of the asset manager’s stock valued at $48,527,000 after buying an additional 14,899 shares during the last quarter. Institutional investors and hedge funds own 83.19% of the company’s stock.

Northern Trust Trading Down 0.3%

Shares of Northern Trust stock opened at $136.92 on Friday. Northern Trust Corporation has a fifty-two week low of $81.62 and a fifty-two week high of $157.60. The firm has a market cap of $25.44 billion, a PE ratio of 15.67, a P/E/G ratio of 1.09 and a beta of 1.27. The business’s fifty day moving average is $145.66 and its two-hundred day moving average is $136.30. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.57.

Northern Trust (NASDAQ:NTRS) last announced its quarterly earnings data on Friday, January 30th. The asset manager reported $2.42 EPS for the quarter, beating analysts’ consensus estimates of $2.37 by $0.05. The business 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%.Northern Trust’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same period in the prior year, the firm earned $2.26 EPS. Analysts anticipate that Northern Trust Corporation will post 8.27 earnings per share for the current year.

Northern Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders 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 yield of 2.3%. The ex-dividend date of this dividend is Friday, March 6th. Northern Trust’s dividend payout ratio (DPR) is presently 36.61%.

Wall Street Analyst Weigh In

NTRS has been the subject of a number of analyst reports. Evercore boosted their price target on Northern Trust from $142.00 to $155.00 and gave the stock an “in-line” rating in a report on Friday, January 23rd. Royal Bank Of Canada increased their price objective on Northern Trust from $139.00 to $159.00 and gave the company an “outperform” rating in a research note on Friday, January 23rd. TD Cowen lifted their price objective on Northern Trust from $165.00 to $175.00 and gave the stock a “buy” rating in a research report on Monday, January 26th. Citigroup assumed coverage on shares of Northern Trust in a research note on Monday, February 23rd. They issued a “neutral” rating for the company. Finally, Barclays upped their target price on shares of Northern Trust from $136.00 to $160.00 and gave the company an “equal weight” rating in a report on Monday, January 5th. 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 stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $148.75.

Insider Buying and Selling

In related news, Director Robert Edward Jr. Moritz acquired 245 shares of the business’s stock in a transaction dated Monday, February 2nd. The shares were acquired at an average cost of $151.85 per share, for a total transaction of $37,203.25. Following 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 position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO David W. Fox, Jr. sold 3,255 shares of the firm’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $143.89, for a total transaction of $468,361.95. Following the completion of the sale, the chief financial officer directly owned 14,552 shares in the company, valued at $2,093,887.28. This represents a 18.28% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 34,905 shares of company stock worth $5,166,714 over the last ninety days. Insiders own 0.77% of the company’s stock.

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.