16,949 Shares in Northern Trust Corporation $NTRS Acquired by XTX Topco Ltd

XTX Topco Ltd acquired a new stake in Northern Trust Corporation (NASDAQ:NTRS) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 16,949 shares of the asset manager’s stock, valued at approximately $2,149,000.

A number of other hedge funds have also recently made changes to their positions in the stock. FNY Investment Advisers LLC purchased a new position in shares of Northern Trust during the second quarter worth approximately $25,000. Hantz Financial Services Inc. increased its stake in shares of Northern Trust by 5,225.0% during the second quarter. Hantz Financial Services Inc. now owns 213 shares of the asset manager’s stock valued at $27,000 after buying an additional 209 shares during the period. AlphaCore Capital LLC raised its holdings in shares of Northern Trust by 87.4% in the second quarter. AlphaCore Capital LLC now owns 208 shares of the asset manager’s stock valued at $27,000 after acquiring an additional 97 shares in the last quarter. Zions Bancorporation National Association UT purchased a new stake in Northern Trust in the first quarter worth about $29,000. Finally, Clearstead Trust LLC bought a new position in Northern Trust during the 2nd quarter worth about $29,000. 83.19% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on NTRS. Wall Street Zen cut shares of Northern Trust from a “hold” rating to a “sell” rating in a research report on Saturday, October 25th. Keefe, Bruyette & Woods raised their price objective on Northern Trust from $123.00 to $125.00 and gave the company an “underperform” rating in a research report on Thursday, October 23rd. Weiss Ratings reissued a “buy (b-)” rating on shares of Northern Trust in a research report on Wednesday, October 8th. The Goldman Sachs Group set a $135.00 target price on shares of Northern Trust in a research note on Tuesday, September 30th. Finally, Evercore ISI raised their price objective on Northern Trust from $125.00 to $135.00 and gave the stock an “in-line” rating in a research report on Tuesday, September 30th. Five research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $132.46.

Northern Trust Stock Up 1.1%

Northern Trust stock opened at $131.37 on Thursday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.72 and a current ratio of 0.70. Northern Trust Corporation has a fifty-two week low of $81.62 and a fifty-two week high of $135.48. The company has a market cap of $24.84 billion, a PE ratio of 15.31, a PEG ratio of 1.37 and a beta of 1.32. The business’s 50-day simple moving average is $128.96 and its two-hundred day simple moving average is $123.98.

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

Northern Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 1st. Investors of record on Friday, December 5th will be issued a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Friday, December 5th. Northern Trust’s dividend payout ratio (DPR) is 37.30%.

Insider Activity at Northern Trust

In related news, EVP Susan Cohen Levy sold 27,591 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president directly owned 48,257 shares of the company’s stock, valued at $6,183,169.41. This trade represents a 36.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider John Landers sold 766 shares of the business’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $124.35, for a total value of $95,252.10. Following the completion of the transaction, the insider directly owned 7,313 shares of the company’s stock, valued at $909,371.55. The trade was a 9.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.77% of the stock is currently owned by insiders.

Northern Trust Profile

Northern Trust Corporation, a financial holding company, provides wealth management, asset servicing, asset management, and banking solutions for corporations, institutions, families, and individuals worldwide. It operates in two segments, Asset Servicing and Wealth Management. The Asset Servicing segment offers asset servicing and related services, including custody, fund administration, investment operations outsourcing, investment management, investment risk and analytical services, employee benefit services, securities lending, foreign exchange, treasury management, brokerage services, transition management services, banking, and cash management services.