Vise Technologies Inc. Buys Shares of 5,153 Northern Trust Corporation $NTRS

Vise Technologies Inc. purchased a new position in shares of Northern Trust Corporation (NASDAQ:NTRS) during the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 5,153 shares of the asset manager’s stock, valued at approximately $896,000.

A number of other hedge funds and other institutional investors have also modified their holdings of NTRS. Reflection Asset Management acquired a new position in shares of Northern Trust in the fourth quarter valued at approximately $25,000. Triumph Capital Management acquired a new stake in Northern Trust during the third quarter worth approximately $25,000. Basecamp Wealth Advisors LLC grew its stake in Northern Trust by 99.0% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 203 shares of the asset manager’s stock worth $28,000 after acquiring an additional 101 shares during the period. Elyxium Wealth LLC purchased a new stake in Northern Trust in the 4th quarter worth approximately $34,000. Finally, International Assets Investment Management LLC acquired a new position in Northern Trust in the 4th quarter valued at $35,000. 83.19% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on NTRS shares. Royal Bank Of Canada lowered Northern Trust from an “outperform” rating to a “sector perform” rating and set a $178.00 price target on the stock. in a research note on Wednesday, July 22nd. JPMorgan Chase & Co. upped their target price on Northern Trust from $179.50 to $185.50 and gave the company a “neutral” rating in a research note on Tuesday, August 4th. Weiss Ratings reiterated a “buy (b)” rating on shares of Northern Trust in a research note on Friday, July 31st. Evercore set a $179.00 target price on Northern Trust in a research report on Monday, July 6th. Finally, Citigroup lifted their price target on Northern Trust from $162.00 to $172.00 and gave the company a “neutral” rating in a report on Tuesday, June 30th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $180.68.

Northern Trust Price Performance

Shares of NASDAQ NTRS opened at $183.90 on Monday. The stock has a market capitalization of $33.65 billion, a PE ratio of 15.79, a P/E/G ratio of 1.04 and a beta of 1.25. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.43. The firm has a fifty day moving average of $181.52 and a 200-day moving average of $163.35. Northern Trust Corporation has a 52-week low of $121.12 and a 52-week high of $195.78.

Northern Trust (NASDAQ:NTRS) last issued its earnings results on Wednesday, July 22nd. The asset manager reported $4.23 earnings per share for the quarter, beating analysts’ consensus estimates of $2.71 by $1.52. Northern Trust had a return on equity of 16.91% and a net margin of 14.76%.The firm had revenue of $2.71 billion for the quarter, compared to analysts’ expectations of $2.69 billion. During the same quarter last year, the firm earned $2.13 earnings per share. The firm’s revenue for the quarter was up 35.1% compared to the same quarter last year. On average, analysts anticipate that Northern Trust Corporation will post 11.59 EPS for the current year.

Northern Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Friday, September 4th will be issued a $0.88 dividend. This is a positive change from Northern Trust’s previous quarterly dividend of $0.80. The ex-dividend date is Friday, September 4th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.9%. Northern Trust’s dividend payout ratio (DPR) is 27.47%.

Insider Buying and Selling at Northern Trust

In other news, Director Robert Edward Jr. Moritz bought 255 shares of the firm’s stock in a transaction dated Wednesday, July 29th. The stock was acquired at an average price of $179.57 per share, for a total transaction of $45,790.35. Following the acquisition, the director owned 8,400 shares of the company’s stock, valued at $1,508,388. This trade represents a 3.13% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.66% of the stock is 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.