Groupe la Francaise Has $7.90 Million Position in Northern Trust Corporation $NTRS

Groupe la Francaise increased its holdings in shares of Northern Trust Corporation (NASDAQ:NTRS – Free Report) by 9.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,620 shares of the asset manager’s stock after purchasing an additional 5,005 shares during the period. Groupe la Francaise’s holdings in Northern Trust were worth $7,902,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of NTRS. Reflection Asset Management bought a new stake in Northern Trust during the 4th quarter worth approximately $25,000. Triumph Capital Management bought a new position in Northern Trust in the third quarter valued at approximately $25,000. Elyxium Wealth LLC bought a new position in Northern Trust in the fourth quarter valued at approximately $34,000. International Assets Investment Management LLC acquired a new position in shares of Northern Trust in the fourth quarter valued at approximately $35,000. Finally, Transamerica Financial Advisors LLC boosted its holdings in shares of Northern Trust by 54.1% in the fourth quarter. Transamerica Financial Advisors LLC now owns 265 shares of the asset manager’s stock valued at $36,000 after buying an additional 93 shares during the period. 83.19% of the stock is currently owned by institutional investors and hedge funds.

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Insider Activity

In other Northern Trust news, Director Robert Edward Jr. Moritz bought 255 shares of Northern Trust stock in a transaction dated Wednesday, July 29th. The stock was bought at an average cost of $179.57 per share, for a total transaction of $45,790.35. Following the purchase, the director owned 8,400 shares of the company’s stock, valued at $1,508,388. The trade was a 3.13% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.66% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on NTRS. Royal Bank Of Canada lowered shares of Northern Trust from an “outperform” rating to a “sector perform” rating and set a $178.00 price objective on the stock. in a report on Wednesday, July 22nd. The Goldman Sachs Group upped their target price on shares of Northern Trust from $151.00 to $169.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 22nd. Barclays increased their target price on Northern Trust from $176.00 to $189.00 and gave the stock an “equal weight” rating in a report on Thursday, July 23rd. Truist Financial lifted their price target on Northern Trust from $176.00 to $186.00 and gave the company a “hold” rating in a research note on Friday, June 26th. Finally, Bank of America boosted their price target on Northern Trust from $190.00 to $200.00 and gave the company a “buy” rating in a report on Tuesday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $180.25.

Check Out Our Latest Research Report on Northern Trust

Northern Trust Trading Down 0.2%

Northern Trust stock opened at $182.19 on Friday. Northern Trust Corporation has a 52 week low of $121.12 and a 52 week high of $191.60. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.62 and a current ratio of 0.65. The stock has a market capitalization of $33.71 billion, a P/E ratio of 15.64, a PEG ratio of 1.03 and a beta of 1.25. The stock has a 50-day simple moving average of $176.30 and a 200 day simple moving average of $159.17.

Northern Trust Increases Dividend

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

Northern Trust Profile

(Free Report)

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.

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