Korea Investment CORP Has $15.79 Million Holdings in Northern Trust Corporation $NTRS

Korea Investment CORP decreased its position in shares of Northern Trust Corporation (NASDAQ:NTRS) by 20.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 117,274 shares of the asset manager’s stock after selling 31,060 shares during the quarter. Korea Investment CORP owned about 0.06% of Northern Trust worth $15,785,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NTRS. Empowered Funds LLC boosted its stake in shares of Northern Trust by 13.3% in the 1st quarter. Empowered Funds LLC now owns 20,112 shares of the asset manager’s stock valued at $1,984,000 after purchasing an additional 2,363 shares during the last quarter. Woodline Partners LP raised its stake in Northern Trust by 39.1% during the first quarter. Woodline Partners LP now owns 16,557 shares of the asset manager’s stock worth $1,633,000 after buying an additional 4,653 shares during the last quarter. Atria Investments Inc lifted its holdings in Northern Trust by 30.8% in the second quarter. Atria Investments Inc now owns 3,514 shares of the asset manager’s stock valued at $446,000 after buying an additional 827 shares during the period. Aviva PLC boosted its position in Northern Trust by 8.4% during the second quarter. Aviva PLC now owns 149,911 shares of the asset manager’s stock valued at $19,007,000 after acquiring an additional 11,587 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Northern Trust by 3.8% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 371,524 shares of the asset manager’s stock valued at $47,106,000 after acquiring an additional 13,528 shares during the last quarter. Institutional investors and hedge funds own 83.19% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. 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. Barclays upped their target price on Northern Trust from $136.00 to $160.00 and gave the company an “equal weight” rating in a research report on Monday, January 5th. Wells Fargo & Company lifted their target price on Northern Trust from $145.00 to $150.00 and gave the stock an “equal weight” rating in a report on Friday, January 23rd. Royal Bank Of Canada boosted their price target on Northern Trust from $139.00 to $159.00 and gave the company an “outperform” rating in a research note on Friday, January 23rd. Finally, Zacks Research upgraded Northern Trust from a “hold” rating to a “strong-buy” rating in a report on Friday, January 23rd. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, seven have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, Northern Trust presently has a consensus rating of “Hold” and an average target price of $148.75.

Insider Activity

In other Northern Trust news, Director Robert Edward Jr. Moritz purchased 245 shares of Northern Trust stock in a transaction that occurred on Monday, February 2nd. The stock was acquired at an average price of $151.85 per share, with a total value of $37,203.25. Following the transaction, the director owned 6,931 shares in the company, valued at $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 can be accessed through the SEC website. Also, Director Richard Petrino purchased 1,000 shares of the firm’s stock in a transaction on Thursday, February 5th. The shares were acquired at an average price of $148.91 per share, with a total value of $148,910.00. Following the purchase, the director directly owned 3,332 shares in the company, valued at $496,168.12. This represents a 42.88% increase in their position. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders have sold 34,905 shares of company stock valued at $5,166,714. Corporate insiders own 0.77% of the company’s stock.

Northern Trust Price Performance

Shares of NASDAQ NTRS opened at $137.98 on Wednesday. The firm has a market capitalization of $25.64 billion, a P/E ratio of 15.79, a P/E/G ratio of 1.11 and a beta of 1.27. The firm’s 50-day moving average price is $145.61 and its 200-day moving average price is $136.22. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.57. Northern Trust Corporation has a 1-year low of $81.62 and a 1-year high of $157.60.

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

Northern Trust Announces Dividend

The company also recently disclosed 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 36.61%.

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.