Northern Trust Corporation $NTRS Stake Cut by Boston Trust Walden Corp

Boston Trust Walden Corp lessened its holdings in Northern Trust Corporation (NASDAQ:NTRS) by 3.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 412,492 shares of the asset manager’s stock after selling 14,620 shares during the quarter. Boston Trust Walden Corp’s holdings in Northern Trust were worth $57,571,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in NTRS. CWM LLC boosted 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 acquiring an additional 26,594 shares during the period. iSAM Funds UK Ltd bought a new position in shares of Northern Trust during the third quarter valued at approximately $2,253,000. Cinctive Capital Management LP raised its position in shares of Northern Trust by 113.7% during the 3rd quarter. Cinctive Capital Management LP now owns 28,939 shares of the asset manager’s stock worth $3,895,000 after purchasing an additional 15,398 shares during the period. Concurrent Investment Advisors LLC acquired a new stake in shares of Northern Trust during the 4th quarter worth approximately $1,959,000. Finally, Barclays PLC lifted its holdings in shares of Northern Trust by 62.4% in the 3rd quarter. Barclays PLC now owns 1,042,084 shares of the asset manager’s stock worth $140,265,000 after purchasing an additional 400,247 shares during the last quarter. Institutional investors own 83.19% of the company’s stock.

Northern Trust Stock Performance

Shares of NASDAQ NTRS opened at $176.50 on Friday. Northern Trust Corporation has a 12-month low of $118.99 and a 12-month high of $178.70. The company has a market cap of $32.66 billion, a PE ratio of 18.48, a P/E/G ratio of 1.20 and a beta of 1.24. The stock has a 50 day simple moving average of $168.75 and a 200-day simple moving average of $153.07. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.51.

Northern Trust (NASDAQ:NTRS) last posted its earnings results on Tuesday, April 21st. The asset manager reported $2.71 EPS for the quarter, beating the consensus estimate of $2.37 by $0.34. The firm had revenue of $2.21 billion for the quarter, compared to analysts’ expectations of $2.13 billion. Northern Trust had a return on equity of 15.94% and a net margin of 12.84%.The firm’s revenue was up 13.8% compared to the same quarter last year. During the same period last year, the firm earned $1.90 EPS. On average, equities research analysts forecast that Northern Trust Corporation will post 11.21 EPS for the current year.

Northern Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Friday, June 5th were issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend was Friday, June 5th. Northern Trust’s dividend payout ratio (DPR) is 33.51%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. UBS Group set a $186.00 price objective on Northern Trust in a research note on Friday, June 26th. The Goldman Sachs Group raised their target price on Northern Trust from $151.00 to $169.00 and gave the company a “neutral” rating in a research note on Wednesday, April 22nd. Morgan Stanley boosted their price target on shares of Northern Trust from $157.00 to $170.00 and gave the company an “underweight” rating in a report on Monday. Truist Financial upped their price target on shares of Northern Trust from $176.00 to $186.00 and gave the stock a “hold” rating in a research report on Friday, June 26th. Finally, BMO Capital Markets raised shares of Northern Trust from a “market perform” rating to an “outperform” rating and set a $168.00 price objective on the stock in a report on Monday, April 6th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $170.69.

Insider Activity at Northern Trust

In related news, Director Robert Edward Jr. Moritz acquired 225 shares of Northern Trust stock in a transaction that occurred on Friday, May 1st. The stock was acquired at an average price of $166.41 per share, with a total value of $37,442.25. Following the completion of the acquisition, the director directly owned 8,145 shares of the company’s stock, valued at $1,355,409.45. This trade represents a 2.84% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Clive Bellows sold 2,800 shares of the stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $165.02, for a total transaction of $462,056.00. Following the completion of the transaction, the insider owned 28,217 shares of the company’s stock, valued at $4,656,369.34. This represents a 9.03% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 22,800 shares of company stock worth $3,785,251 over the last ninety days. 0.66% of the stock is currently owned by corporate insiders.

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.