SEB Asset Management AB bought a new stake in Northern Trust Corporation (NASDAQ:NTRS – Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 159,732 shares of the asset manager’s stock, valued at approximately $22,294,000.
Other large investors also recently bought and sold shares of the company. V Square Quantitative Management LLC raised its stake in shares of Northern Trust by 1.3% during the 1st quarter. V Square Quantitative Management LLC now owns 4,793 shares of the asset manager’s stock worth $669,000 after buying an additional 61 shares during the last quarter. CWS Financial Advisors LLC grew its position in shares of Northern Trust by 2.0% in the first quarter. CWS Financial Advisors LLC now owns 3,997 shares of the asset manager’s stock valued at $558,000 after purchasing an additional 77 shares during the last quarter. SJS Investment Consulting Inc. increased its stake in shares of Northern Trust by 16.5% during the 1st quarter. SJS Investment Consulting Inc. now owns 559 shares of the asset manager’s stock worth $78,000 after purchasing an additional 79 shares in the last quarter. Apollon Wealth Management LLC grew its holdings in Northern Trust by 1.9% during the 4th quarter. Apollon Wealth Management LLC now owns 4,379 shares of the asset manager’s stock valued at $598,000 after buying an additional 81 shares during the last quarter. Finally, OLD National Bancorp IN raised its holdings in shares of Northern Trust by 3.2% in the first quarter. OLD National Bancorp IN now owns 2,663 shares of the asset manager’s stock worth $372,000 after acquiring an additional 83 shares during the last quarter. Institutional investors and hedge funds own 83.19% of the company’s stock.
Northern Trust Price Performance
Northern Trust stock opened at $184.68 on Monday. Northern Trust Corporation has a 52-week low of $118.99 and a 52-week high of $191.60. The firm has a market capitalization of $34.18 billion, a P/E ratio of 19.34, a PEG ratio of 1.18 and a beta of 1.25. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.51. The firm has a fifty day moving average of $172.99 and a 200-day moving average of $156.49.
Northern Trust Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Friday, June 5th were given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Friday, June 5th. Northern Trust’s payout ratio is presently 33.51%.
Analysts Set New Price Targets
A number of analysts recently commented on the company. Zacks Research upgraded Northern Trust from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. Royal Bank Of Canada lifted their price target on Northern Trust from $159.00 to $178.00 and gave the company an “outperform” rating in a report on Wednesday, April 22nd. Barclays increased their price target on shares of Northern Trust from $160.00 to $176.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 22nd. Truist Financial lifted their price target on shares of Northern Trust from $176.00 to $186.00 and gave the company a “hold” rating in a report on Friday, June 26th. Finally, UBS Group set a $186.00 price target on Northern Trust in a research report on Friday, June 26th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $178.75.
View Our Latest Analysis on NTRS
Insiders Place Their Bets
In other news, insider Clive Bellows sold 2,800 shares of the firm’s stock in a transaction that occurred on 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 sale, the insider owned 28,217 shares of the company’s stock, valued at approximately $4,656,369.34. This trade represents a 9.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO David W. Fox, Jr. sold 19,987 shares of the stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $166.16, for a total transaction of $3,321,039.92. Following the transaction, the chief financial officer owned 18,588 shares in the company, valued at $3,088,582.08. This trade represents a 51.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 22,800 shares of company stock worth $3,785,251 in the last quarter. 0.66% of the stock is owned by corporate insiders.
About Northern Trust
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.
Featured Articles
- Five stocks we like better than Northern Trust
- Strait of Hormuz Tensions Spike Tanker Trade: These 2 Stocks Are Set to Benefit
- Shopify’s Quiet AI Strategy Could Be Its Biggest Advantage Yet
- Why These 3 Nuclear ETFs Are Getting a Fresh Look as AI Power Demand Rises
- 3 Aerospace Suppliers That Could Benefit as Aircraft Makers Face Bottlenecks
Want to see what other hedge funds are holding NTRS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Northern Trust Corporation (NASDAQ:NTRS – Free Report).
Receive News & Ratings for Northern Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northern Trust and related companies with MarketBeat.com's FREE daily email newsletter.
