Northern Trust (NASDAQ:NTRS) Director Acquires $39,900.52 in Stock

Northern Trust Corporation (NASDAQ:NTRS – Get Free Report) Director Robert Moritz, Jr. bought 236 shares of the business’s stock in a transaction on Friday, October 30th. The shares were acquired at an average price of $169.07 per share, with a total value of $39,900.52. Following the transaction, the director directly owned 8,636 shares of the company’s stock, valued at approximately $1,460,088.52. This trade represents a 2.81% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Northern Trust Price Performance

NTRS opened at $178.02 on Thursday. The firm has a 50-day moving average price of $174.80 and a 200-day moving average price of $165.71. Northern Trust Corporation has a twelve month low of $121.53 and a twelve month high of $195.78. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $32.24 billion, a price-to-earnings ratio of 13.95, a PEG ratio of 0.88 and a beta of 1.21.

Northern Trust (NASDAQ:NTRS – Get Free Report) last announced its quarterly earnings results on Wednesday, October 21st. The asset manager reported $3.40 EPS for the quarter, beating analysts’ consensus estimates of $2.87 by $0.53. The company had revenue of $2.30 billion for the quarter, compared to analysts’ expectations of $2.26 billion. Northern Trust had a net margin of 15.86% and a return on equity of 17.97%. Northern Trust’s revenue was up 13.4% compared to the same quarter last year. During the same period in the prior year, the company posted $2.29 EPS. Equities analysts expect that Northern Trust Corporation will post 12.00 EPS for the current year.

Northern Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 1st. Shareholders of record on Friday, December 4th will be issued a dividend of $0.88 per share. The ex-dividend date of this dividend is Friday, December 4th. This represents a $3.52 dividend on an annualized basis and a yield of 2.0%. Northern Trust’s payout ratio is presently 27.59%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Barclays raised their price target on Northern Trust from $189.00 to $194.00 and gave the stock an “equal weight” rating in a report on Thursday, October 22nd. JPMorgan Chase & Co. increased their price objective on Northern Trust from $185.00 to $191.50 and gave the stock a “neutral” rating in a report on Friday, October 30th. Capital One Financial set a $190.00 target price on Northern Trust in a research note on Tuesday, October 6th. BMO Capital Markets reduced their target price on Northern Trust from $208.00 to $190.00 and set an “outperform” rating for the company in a report on Tuesday, October 6th. Finally, Weiss Ratings cut Northern Trust from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday, October 23rd. Two investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Northern Trust presently has an average rating of “Hold” and an average price target of $181.03.

View Our Latest Analysis on Northern Trust

Hedge Funds Weigh In On Northern Trust

A number of institutional investors have recently added to or reduced their stakes in NTRS. BlackRock Inc. purchased a new stake in Northern Trust during the 2nd quarter valued at about $2,523,781,000. Primecap Management Co. CA purchased a new position in Northern Trust in the 2nd quarter worth approximately $1,060,553,000. Bank of New York Mellon Corp purchased a new position in Northern Trust in the 2nd quarter worth approximately $361,079,000. Dimensional Fund Advisors LP lifted its position in Northern Trust by 1.5% in the first quarter. Dimensional Fund Advisors LP now owns 2,455,996 shares of the asset manager’s stock valued at $342,744,000 after purchasing an additional 36,322 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its position in Northern Trust by 2.0% in the third quarter. Robeco Institutional Asset Management B.V. now owns 1,500,961 shares of the asset manager’s stock valued at $254,203,000 after purchasing an additional 29,490 shares during the last quarter. 83.19% of the stock is currently owned by institutional investors.

About Northern Trust

(Get Free Report)

Northern Trust Corporation (NASDAQ:NTRS) is a financial services company that provides wealth management, asset servicing, asset management and banking services. The company serves institutional investors, corporations, financial institutions, high-net-worth individuals and families.

Its offerings include custody and administration of investment assets, fund accounting, securities lending, foreign exchange, treasury services, investment management, trust and estate services, private banking and wealth planning.

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Insider Buying and Selling by Quarter for Northern Trust (NASDAQ:NTRS)

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