AustralianSuper Pty Ltd Decreases Stock Position in Northern Trust Corporation $NTRS

AustralianSuper Pty Ltd decreased its stake in shares of Northern Trust Corporation (NASDAQ:NTRS) by 35.6% during the 3rd quarter, Holdings Channel.com reports. The firm owned 40,975 shares of the asset manager’s stock after selling 22,662 shares during the period. AustralianSuper Pty Ltd’s holdings in Northern Trust were worth $5,515,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of NTRS. AlphaCore Capital LLC grew its position in shares of Northern Trust by 87.4% during the second quarter. AlphaCore Capital LLC now owns 208 shares of the asset manager’s stock worth $27,000 after buying an additional 97 shares in the last quarter. Hantz Financial Services Inc. raised its holdings 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 in the last quarter. Clearstead Trust LLC purchased a new position in Northern Trust in the second quarter worth approximately $29,000. Caldwell Trust Co acquired a new position in Northern Trust during the 2nd quarter worth approximately $48,000. Finally, SJS Investment Consulting Inc. grew its holdings in Northern Trust by 2,650.0% during the 3rd quarter. SJS Investment Consulting Inc. now owns 385 shares of the asset manager’s stock worth $52,000 after acquiring an additional 371 shares in the last quarter. Institutional investors and hedge funds own 83.19% of the company’s stock.

Insider Transactions at Northern Trust

In other Northern Trust news, Director Richard Petrino bought 1,000 shares of the firm’s stock in a transaction dated Thursday, February 5th. The stock was acquired at an average price of $148.91 per share, for a total transaction of $148,910.00. Following the completion of the purchase, the director owned 3,332 shares of the company’s stock, valued at approximately $496,168.12. This represents a 42.88% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Clive Bellows sold 1,148 shares of the business’s stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $145.26, for a total value of $166,758.48. Following the completion of the transaction, the insider owned 34,133 shares in the company, valued at $4,958,159.58. This trade represents a 3.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 28,641 shares of company stock worth $4,269,900 over the last 90 days. Company insiders own 0.77% of the company’s stock.

Northern Trust Stock Up 2.0%

Northern Trust stock opened at $145.07 on Thursday. The company has a market capitalization of $26.96 billion, a P/E ratio of 16.60, a PEG ratio of 1.14 and a beta of 1.27. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.69 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. The stock has a 50-day simple moving average of $145.62 and a 200-day simple moving average of $135.83.

Northern Trust (NASDAQ:NTRS) last released its quarterly earnings results on Friday, January 30th. The asset manager reported $2.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.37 by $0.05. The firm had revenue of $3.15 billion for the quarter. Northern Trust had a return on equity of 14.87% and a net margin of 12.15%.The company’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.26 EPS. Equities research analysts expect that Northern Trust Corporation will post 8.27 earnings per share for the current year.

Northern Trust Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on NTRS shares. TD Cowen lifted their price objective on shares of Northern Trust from $165.00 to $175.00 and gave the stock a “buy” rating in a research report on Monday, January 26th. Citigroup initiated coverage on Northern Trust in a research note on Monday, February 23rd. They issued a “neutral” rating on the stock. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Northern Trust in a research report on Thursday, January 22nd. Evercore raised their target price on Northern Trust from $142.00 to $155.00 and gave the stock an “in-line” rating in a research report on Friday, January 23rd. Finally, Barclays boosted their target price 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. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, seven have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, Northern Trust has an average rating of “Hold” and an average target price of $148.75.

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.