Hussman Strategic Advisors Inc. Boosts Stock Position in Northern Trust Corporation $NTRS

Hussman Strategic Advisors Inc. lifted its position in Northern Trust Corporation (NASDAQ:NTRS) by 40.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 14,700 shares of the asset manager’s stock after buying an additional 4,200 shares during the quarter. Hussman Strategic Advisors Inc.’s holdings in Northern Trust were worth $2,008,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. CWM LLC lifted its stake in Northern Trust by 122.6% in the fourth quarter. CWM LLC now owns 48,284 shares of the asset manager’s stock valued at $6,595,000 after buying an additional 26,594 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Northern Trust by 2.1% in the third 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 buying an additional 40,048 shares during the last quarter. iSAM Funds UK Ltd purchased a new stake in Northern Trust in the third quarter valued at approximately $2,253,000. Barclays PLC lifted its stake in Northern Trust by 62.4% in the third 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 during the last quarter. Finally, Swiss Life Asset Management Ltd lifted its stake in Northern Trust by 119.9% in the third quarter. Swiss Life Asset Management Ltd now owns 83,175 shares of the asset manager’s stock valued at $11,195,000 after buying an additional 45,356 shares during the last quarter. Hedge funds and other institutional investors own 83.19% of the company’s stock.

Insiders Place Their Bets

In related news, Director Robert Edward Jr. Moritz bought 245 shares of the company’s stock in a transaction dated 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 acquisition, the director owned 6,931 shares in the company, valued at approximately $1,052,472.35. This trade represents a 3.66% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard Petrino bought 1,000 shares of the company’s stock in a transaction dated Thursday, February 5th. The stock was bought at an average cost of $148.91 per share, for a total transaction of $148,910.00. Following the acquisition, the director owned 3,332 shares of the company’s stock, valued at approximately $496,168.12. This trade represents a 42.88% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders have sold 32,705 shares of company stock valued at $5,211,464. 0.66% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Morgan Stanley boosted their price objective on Northern Trust from $131.00 to $140.00 and gave the company an “underweight” rating in a research note on Friday, January 23rd. Evercore boosted their price objective on Northern Trust from $142.00 to $155.00 and gave the company an “in-line” rating in a research note on Friday, January 23rd. Royal Bank Of Canada boosted their price objective on Northern Trust from $159.00 to $178.00 and gave the company an “outperform” rating in a research note on Wednesday, April 22nd. Citigroup assumed coverage on Northern Trust in a research note on Monday, February 23rd. They issued a “neutral” rating for the company. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Northern Trust in a research note on Thursday, January 22nd. Four research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Northern Trust has a consensus rating of “Hold” and a consensus target price of $163.55.

Northern Trust Trading Down 1.1%

NASDAQ:NTRS opened at $164.48 on Friday. The firm has a market cap of $30.48 billion, a P/E ratio of 17.22, a PEG ratio of 1.18 and a beta of 1.27. The company has a current ratio of 0.62, a quick ratio of 0.69 and a debt-to-equity ratio of 0.51. The stock’s 50 day simple moving average is $147.24 and its 200-day simple moving average is $140.93. Northern Trust Corporation has a 12-month low of $95.88 and a 12-month high of $173.18.

Northern Trust (NASDAQ:NTRS) last released its earnings results on Tuesday, April 21st. The asset manager reported $2.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.37 by $0.34. The business had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.13 billion. Northern Trust had a return on equity of 15.94% and a net margin of 12.84%.The company’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.90 earnings per share. Equities analysts anticipate that Northern Trust Corporation will post 10.63 EPS for the current year.

Northern Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Friday, June 5th will be issued a $0.80 dividend. The ex-dividend date of this dividend is Friday, June 5th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.9%. Northern Trust’s payout ratio is presently 33.51%.

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.