Intech Investment Management LLC Boosts Stock Holdings in Northern Trust Corporation $NTRS

Intech Investment Management LLC grew its position in shares of Northern Trust Corporation (NASDAQ:NTRS) by 17.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 27,908 shares of the asset manager’s stock after buying an additional 4,147 shares during the quarter. Intech Investment Management LLC’s holdings in Northern Trust were worth $3,812,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. New Age Alpha Advisors LLC grew its holdings in shares of Northern Trust by 4.9% during the third quarter. New Age Alpha Advisors LLC now owns 1,659 shares of the asset manager’s stock valued at $223,000 after buying an additional 78 shares during the last quarter. Compound Planning Inc. grew its holdings in shares of Northern Trust by 5.1% during the third quarter. Compound Planning Inc. now owns 1,666 shares of the asset manager’s stock valued at $224,000 after buying an additional 81 shares during the last quarter. Apollon Wealth Management LLC grew its holdings in shares of Northern Trust by 1.9% during the fourth 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. NorthRock Partners LLC grew its holdings in shares of Northern Trust by 2.2% during the third quarter. NorthRock Partners LLC now owns 3,812 shares of the asset manager’s stock valued at $513,000 after buying an additional 83 shares during the last quarter. Finally, HighPoint Advisor Group LLC grew its holdings in shares of Northern Trust by 2.3% during the third quarter. HighPoint Advisor Group LLC now owns 3,717 shares of the asset manager’s stock valued at $500,000 after buying an additional 84 shares during the last quarter. Hedge funds and other institutional investors own 83.19% of the company’s stock.

Northern Trust Stock Up 1.7%

Shares of Northern Trust stock opened at $168.34 on Tuesday. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.51. Northern Trust Corporation has a twelve month low of $104.99 and a twelve month high of $173.18. The company has a market cap of $31.15 billion, a price-to-earnings ratio of 17.63, a price-to-earnings-growth ratio of 1.18 and a beta of 1.25. The company’s 50 day moving average is $156.95 and its 200 day moving average is $146.28.

Northern Trust (NASDAQ:NTRS) last released its quarterly earnings results on Tuesday, April 21st. The asset manager reported $2.71 earnings per share for the quarter, topping the consensus estimate of $2.37 by $0.34. Northern Trust had a net margin of 12.84% and a return on equity of 15.94%. The business had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.13 billion. During the same period last year, the firm earned $1.90 earnings per share. The company’s quarterly revenue was up 13.8% on a year-over-year basis. Research analysts anticipate that Northern Trust Corporation will post 10.68 EPS for the current year.

Northern Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Friday, June 5th will be given a $0.80 dividend. The ex-dividend date is Friday, June 5th. This represents a $3.20 annualized dividend and a yield of 1.9%. Northern Trust’s dividend payout ratio (DPR) is presently 33.51%.

Insider Buying and Selling at Northern Trust

In other Northern Trust news, insider Guy Gibson sold 3,009 shares of the stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $142.39, for a total value of $428,451.51. Following the transaction, the insider directly owned 29,332 shares in the company, valued at approximately $4,176,583.48. This trade represents a 9.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO David W. Fox, Jr. sold 19,987 shares of the stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $166.16, for a total transaction of $3,321,039.92. Following the completion of the transaction, the chief financial officer owned 18,588 shares in the company, valued at $3,088,582.08. The trade was a 51.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 29,064 shares of company stock valued at $4,682,064 over the last three months. Insiders own 0.66% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Royal Bank Of Canada increased their price target on shares of Northern Trust from $159.00 to $178.00 and gave the company an “outperform” rating in a report on Wednesday, April 22nd. BMO Capital Markets upgraded shares of Northern Trust from a “market perform” rating to an “outperform” rating and set a $168.00 price objective on the stock in a research report on Monday, April 6th. Wells Fargo & Company increased their price objective on shares of Northern Trust from $150.00 to $175.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 22nd. Truist Financial increased their price objective on shares of Northern Trust from $155.00 to $176.00 and gave the company a “hold” rating in a research report on Wednesday, April 22nd. Finally, Weiss Ratings upgraded shares of Northern Trust from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $164.08.

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.