Farther Finance Advisors LLC Has $886,000 Stake in Northern Trust Corporation $NTRS

Farther Finance Advisors LLC increased its position in Northern Trust Corporation (NASDAQ:NTRS) by 185.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,585 shares of the asset manager’s stock after purchasing an additional 4,279 shares during the quarter. Farther Finance Advisors LLC’s holdings in Northern Trust were worth $886,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. FNY Investment Advisers LLC acquired a new position in shares of Northern Trust in the 2nd quarter valued at $25,000. Hantz Financial Services Inc. increased its stake in Northern Trust by 5,225.0% in the second quarter. Hantz Financial Services Inc. now owns 213 shares of the asset manager’s stock valued at $27,000 after acquiring an additional 209 shares during the period. AlphaCore Capital LLC raised its position in Northern Trust by 87.4% in the second quarter. AlphaCore Capital LLC now owns 208 shares of the asset manager’s stock worth $27,000 after purchasing an additional 97 shares in the last quarter. Clearstead Trust LLC bought a new position in Northern Trust during the second quarter worth about $29,000. Finally, GFG Capital LLC bought a new position in Northern Trust during the second quarter worth about $35,000. Institutional investors own 83.19% of the company’s stock.

Northern Trust Stock Performance

Shares of Northern Trust stock opened at $139.71 on Tuesday. The firm has a market cap of $26.42 billion, a P/E ratio of 16.28, a P/E/G ratio of 1.51 and a beta of 1.27. Northern Trust Corporation has a fifty-two week low of $81.62 and a fifty-two week high of $141.25. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.70 and a quick ratio of 0.70. The firm has a 50 day simple moving average of $131.79 and a 200 day simple moving average of $128.86.

Northern Trust (NASDAQ:NTRS) last issued its quarterly earnings results on Wednesday, October 22nd. The asset manager reported $2.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.26 by $0.03. The business had revenue of $2.03 billion for the quarter, compared to analyst estimates of $2.02 billion. Northern Trust had a return on equity of 14.37% and a net margin of 11.99%.The firm’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.22 earnings per share. Sell-side analysts predict that Northern Trust Corporation will post 8.27 earnings per share for the current fiscal year.

Northern Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 1st. Shareholders of record on Friday, December 5th will be paid a $0.80 dividend. The ex-dividend date of this dividend is Friday, December 5th. This represents a $3.20 dividend on an annualized basis and a yield of 2.3%. Northern Trust’s dividend payout ratio (DPR) is presently 37.30%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on NTRS. Citigroup increased their target price on Northern Trust from $110.00 to $135.00 and gave the stock a “neutral” rating in a report on Friday, September 5th. Morgan Stanley upped their price target on Northern Trust from $127.00 to $131.00 and gave the company an “underweight” rating in a research report on Wednesday, December 17th. TD Cowen lifted their price objective on Northern Trust from $152.00 to $155.00 and gave the company a “buy” rating in a report on Thursday, October 23rd. Evercore ISI boosted their target price on shares of Northern Trust from $125.00 to $135.00 and gave the company an “in-line” rating in a research note on Tuesday, September 30th. Finally, BMO Capital Markets started coverage on shares of Northern Trust in a research report on Friday, October 3rd. They set a “market perform” rating and a $142.00 target price for the company. Five equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $132.46.

Insiders Place Their Bets

In related news, EVP Susan Cohen Levy sold 27,591 shares of Northern Trust stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $128.13, for a total transaction of $3,535,234.83. Following the completion of the sale, the executive vice president directly owned 48,257 shares of the company’s stock, valued at $6,183,169.41. The trade was a 36.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Robert Edward Jr. Moritz acquired 3,891 shares of the company’s stock in a transaction that occurred on Tuesday, November 4th. The stock was bought at an average price of $128.57 per share, with a total value of $500,265.87. Following the acquisition, the director directly owned 6,686 shares of the company’s stock, valued at $859,619.02. The trade was a 139.21% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company 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.