Northern Trust Corporation $NTRS Shares Purchased by Hussman Strategic Advisors Inc.

Hussman Strategic Advisors Inc. increased its holdings in shares of Northern Trust Corporation (NASDAQ:NTRS) by 40.0% during the fourth quarter, HoldingsChannel reports. The fund owned 14,700 shares of the asset manager’s stock after buying an additional 4,200 shares during the period. Hussman Strategic Advisors Inc.’s holdings in Northern Trust were worth $2,008,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. CWM LLC lifted its position in shares of Northern Trust by 122.6% during the fourth quarter. CWM LLC now owns 48,284 shares of the asset manager’s stock worth $6,595,000 after purchasing an additional 26,594 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Northern Trust by 2.1% during the third quarter. Bank of New York Mellon Corp now owns 1,947,456 shares of the asset manager’s stock worth $262,128,000 after purchasing an additional 40,048 shares in the last quarter. iSAM Funds UK Ltd acquired a new position in shares of Northern Trust during the third quarter worth $2,253,000. Barclays PLC lifted its position in shares of Northern Trust by 62.4% during the third quarter. Barclays PLC now owns 1,042,084 shares of the asset manager’s stock worth $140,265,000 after purchasing an additional 400,247 shares in the last quarter. Finally, Swiss Life Asset Management Ltd lifted its position in shares of Northern Trust by 119.9% during the third quarter. Swiss Life Asset Management Ltd now owns 83,175 shares of the asset manager’s stock worth $11,195,000 after purchasing an additional 45,356 shares in the last quarter. Institutional investors and hedge funds own 83.19% of the company’s stock.

Northern Trust Price Performance

Shares of NASDAQ NTRS opened at $164.48 on Friday. Northern Trust Corporation has a twelve month low of $95.88 and a twelve month high of $173.18. The company has a current ratio of 0.62, a quick ratio of 0.69 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $30.48 billion, a price-to-earnings ratio of 17.22, a PEG ratio of 1.18 and a beta of 1.27. The firm has a 50-day moving average of $147.24 and a two-hundred day moving average of $140.93.

Northern Trust (NASDAQ:NTRS) last issued its quarterly earnings results on Tuesday, April 21st. The asset manager reported $2.71 earnings per share for the quarter, beating analysts’ consensus estimates of $2.37 by $0.34. Northern Trust had a net margin of 12.84% and a return on equity of 15.94%. The company had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.13 billion. During the same period in the prior year, the company earned $1.90 EPS. Northern Trust’s revenue was up 13.8% on a year-over-year basis. As a group, analysts expect that Northern Trust Corporation will post 10.63 earnings per share for the current fiscal 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 issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Friday, June 5th. Northern Trust’s dividend payout ratio is presently 33.51%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Citigroup assumed coverage on shares of Northern Trust in a research report on Monday, February 23rd. They set a “neutral” rating on the stock. Evercore boosted their target price on shares of Northern Trust from $142.00 to $155.00 and gave the stock an “in-line” rating in a research report on Friday, January 23rd. Wells Fargo & Company boosted their target price on shares of Northern Trust from $150.00 to $175.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 22nd. Morgan Stanley boosted their target price on shares of Northern Trust from $131.00 to $140.00 and gave the stock an “underweight” rating in a research report on Friday, January 23rd. Finally, BMO Capital Markets raised shares of Northern Trust from a “market perform” rating to an “outperform” rating and set a $168.00 target price on the stock in a research report on Monday, April 6th. Four analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $163.55.

Insider Activity

In related news, Director Robert Edward Jr. Moritz acquired 245 shares of the business’s stock in a transaction on Monday, February 2nd. The shares were purchased at an average price of $151.85 per share, for a total transaction of $37,203.25. Following the acquisition, the director owned 6,931 shares in the company, valued at approximately $1,052,472.35. This represents a 3.66% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard Petrino acquired 1,000 shares of the business’s stock in a transaction on Thursday, February 5th. The shares were bought at an average price of $148.91 per share, for a total transaction of $148,910.00. Following the acquisition, the director owned 3,332 shares in the company, valued at approximately $496,168.12. This trade represents a 42.88% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders have sold 32,705 shares of company stock worth $5,211,464. 0.66% of the stock is owned by company insiders.

Northern Trust Company 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.