Healthcare of Ontario Pension Plan Trust Fund Acquires 4,232 Shares of Northern Trust Corporation $NTRS

Healthcare of Ontario Pension Plan Trust Fund increased its holdings in shares of Northern Trust Corporation (NASDAQ:NTRS) by 5.4% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 82,708 shares of the asset manager’s stock after purchasing an additional 4,232 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Northern Trust were worth $11,544,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Triumph Capital Management acquired a new stake in Northern Trust in the 3rd quarter valued at approximately $25,000. Reflection Asset Management acquired a new position in shares of Northern Trust during the fourth quarter worth approximately $25,000. Elyxium Wealth LLC acquired a new position in shares of Northern Trust during the fourth quarter worth approximately $34,000. International Assets Investment Management LLC bought a new stake in shares of Northern Trust in the fourth quarter valued at approximately $35,000. Finally, Transamerica Financial Advisors LLC boosted its position 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 acquiring an additional 93 shares during the period. Institutional investors own 83.19% of the company’s stock.

Insider Buying and Selling

In other news, Director Robert Edward Jr. Moritz purchased 225 shares of Northern Trust stock in a transaction on Friday, May 1st. The shares were purchased at an average cost of $166.41 per share, for a total transaction of $37,442.25. Following the completion of the transaction, the director directly owned 8,145 shares in the company, valued at approximately $1,355,409.45. This represents a 2.84% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.66% of the stock is currently owned by company insiders.

Northern Trust Stock Down 0.9%

Shares of NASDAQ NTRS opened at $180.86 on Wednesday. The business has a fifty day moving average of $175.47 and a two-hundred day moving average of $158.51. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.62 and a current ratio of 0.65. Northern Trust Corporation has a 52-week low of $121.12 and a 52-week high of $191.60. The stock has a market cap of $33.47 billion, a PE ratio of 15.52, a PEG ratio of 1.14 and a beta of 1.25.

Northern Trust Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Friday, September 4th will be issued a dividend of $0.88 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $3.52 annualized dividend and a yield of 1.9%. This is an increase from Northern Trust’s previous quarterly dividend of $0.80. Northern Trust’s payout ratio is 27.47%.

Wall Street Analyst Weigh In

NTRS has been the topic of several research analyst reports. Zacks Research upgraded shares of Northern Trust from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. Royal Bank Of Canada downgraded shares of Northern Trust from an “outperform” rating to a “sector perform” rating and set a $178.00 price target for the company. in a report on Wednesday, July 22nd. Barclays raised their price target on shares of Northern Trust from $176.00 to $189.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 23rd. Citigroup upped their price objective on shares of Northern Trust from $162.00 to $172.00 and gave the company a “neutral” rating in a research report on Tuesday, June 30th. Finally, UBS Group set a $186.00 target price on shares of Northern Trust in a research note on Friday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Northern Trust presently has a consensus rating of “Hold” and a consensus target price of $180.25.

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.