Osmosis Investment Management UK Ltd Makes New $1.25 Million Investment in Northern Trust Corporation $NTRS

Osmosis Investment Management UK Ltd acquired a new stake in shares of Northern Trust Corporation (NASDAQ:NTRS) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 7,217 shares of the asset manager’s stock, valued at approximately $1,255,000.

A number of other institutional investors and hedge funds have also made changes to their positions in NTRS. Reflection Asset Management purchased a new position in shares of Northern Trust in the 4th quarter worth $25,000. Triumph Capital Management purchased a new stake in Northern Trust during the third quarter valued at about $25,000. Basecamp Wealth Advisors LLC grew its position in Northern Trust by 99.0% during the first quarter. Basecamp Wealth Advisors LLC now owns 203 shares of the asset manager’s stock valued at $28,000 after acquiring an additional 101 shares during the period. Keating Financial Advisory Services Inc. acquired a new stake in Northern Trust during the second quarter worth about $31,000. Finally, Elyxium Wealth LLC acquired a new stake in Northern Trust during the fourth quarter worth about $34,000. 83.19% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently weighed in on NTRS. UBS Group set a $186.00 price objective on Northern Trust in a research note on Friday, June 26th. Zacks Research upgraded shares of Northern Trust from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 12th. Bank of America lifted their price target on shares of Northern Trust from $190.00 to $200.00 and gave the company a “buy” rating in a research report on Tuesday, July 7th. Evercore set a $179.00 price objective on shares of Northern Trust in a research note on Monday, July 6th. Finally, Wells Fargo & Company increased their price objective on shares of Northern Trust from $189.00 to $194.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Northern Trust presently has an average rating of “Hold” and an average target price of $180.68.

Northern Trust Stock Up 1.5%

Shares of NASDAQ NTRS opened at $186.66 on Tuesday. Northern Trust Corporation has a 1 year low of $121.12 and a 1 year high of $195.78. The firm has a market cap of $34.15 billion, a price-to-earnings ratio of 16.02, a PEG ratio of 1.04 and a beta of 1.25. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.65 and a current ratio of 0.65. The stock’s 50-day simple moving average is $181.79 and its 200-day simple moving average is $163.61.

Northern Trust (NASDAQ:NTRS) last released its quarterly earnings results on Wednesday, July 22nd. The asset manager reported $4.23 EPS for the quarter, topping the consensus estimate of $2.71 by $1.52. The business had revenue of $2.71 billion for the quarter, compared to analysts’ expectations of $2.69 billion. Northern Trust had a return on equity of 16.91% and a net margin of 14.76%.The company’s revenue was up 35.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.13 earnings per share. As a group, equities analysts anticipate that Northern Trust Corporation will post 11.59 earnings per share for the current fiscal year.

Northern Trust Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Friday, September 4th will be given a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.9%. 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. Northern Trust’s dividend payout ratio is currently 27.47%.

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 in the company, valued at $1,508,388. This represents a 3.13% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.66% of the stock is currently owned by 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.