Northern Trust Corporation $NTRS Stock: Vestor Capital LLC Decreases Position

Vestor Capital LLC lessened its holdings in Northern Trust Corporation (NASDAQ:NTRS) by 89.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,546 shares of the asset manager’s stock after selling 46,139 shares during the period. Vestor Capital LLC’s holdings in Northern Trust were worth $939,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in NTRS. Continuum Advisory LLC bought a new position in Northern Trust in the second quarter worth about $26,000. Basecamp Wealth Advisors LLC raised its holdings in Northern Trust by 99.0% during the first quarter. Basecamp Wealth Advisors LLC now owns 203 shares of the asset manager’s stock worth $28,000 after purchasing an additional 101 shares in the last quarter. NBH Bank bought a new stake in shares of Northern Trust in the 2nd quarter worth $30,000. Keating Financial Advisory Services Inc. acquired a new stake in Northern Trust in the 2nd quarter valued at about $31,000. Finally, Clearstead Trust LLC acquired a new stake in Northern Trust during the second quarter valued at approximately $37,000. Institutional investors and hedge funds own 83.19% of the company’s stock.

Northern Trust Stock Up 2.8%

Shares of NTRS opened at $177.65 on Tuesday. The business’s 50 day simple moving average is $174.02 and its 200-day simple moving average is $166.15. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.61 and a quick ratio of 0.61. The company has a market capitalization of $32.18 billion, a P/E ratio of 15.39, a PEG ratio of 0.91 and a beta of 1.21. Northern Trust Corporation has a one year low of $121.53 and a one year high of $195.78.

Northern Trust (NASDAQ:NTRS) last issued its quarterly earnings data on Wednesday, October 21st. The asset manager reported $3.40 EPS for the quarter, topping the consensus estimate of $2.87 by $0.53. The business had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.26 billion. Northern Trust had a return on equity of 17.97% and a net margin of 15.86%. The firm’s revenue was up 13.4% compared to the same quarter last year. During the same quarter last year, the business posted $2.29 EPS. As a group, sell-side analysts predict that Northern Trust Corporation will post 12.00 EPS for the current fiscal year.

Northern Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 1st. Shareholders of record on Friday, December 4th will be issued a dividend of $0.88 per share. The ex-dividend date of this dividend is Friday, December 4th. This represents a $3.52 annualized dividend and a yield of 2.0%. Northern Trust’s dividend payout ratio (DPR) is currently 27.59%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on NTRS shares. Wells Fargo & Company lifted their price objective on shares of Northern Trust from $189.00 to $194.00 and gave the company an “equal weight” rating in a research note on Thursday, July 23rd. Zacks Research lowered Northern Trust from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 25th. Bank of America reduced their target price on Northern Trust from $200.00 to $187.00 in a report on Monday, October 5th. Morgan Stanley upped their target price on Northern Trust from $173.00 to $177.00 and gave the stock an “underweight” rating in a research report on Thursday, October 22nd. Finally, Citigroup decreased their target price on Northern Trust from $186.00 to $170.00 and set a “neutral” rating for the company in a research report on Friday, October 23rd. Two investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $181.03.

Insiders Place Their Bets

In other Northern Trust news, EVP Thomas A. South sold 1,800 shares of Northern Trust stock in a transaction on Monday, August 24th. The shares were sold at an average price of $184.90, for a total transaction of $332,820.00. Following the completion of the transaction, the executive vice president directly owned 92,917 shares of the company’s stock, valued at $17,180,353.30. The trade was a 1.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Robert Moritz, Jr. acquired 236 shares of the firm’s stock in a transaction on Friday, October 30th. The stock was bought at an average price of $169.07 per share, for a total transaction of $39,900.52. Following the completion of the acquisition, the director owned 8,636 shares of the company’s stock, valued at approximately $1,460,088.52. The trade was a 2.81% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders sold a total of 22,706 shares of company stock valued at $3,850,282 over the last ninety days. 0.66% of the stock is currently owned by company insiders.

Northern Trust Company Profile

Northern Trust Corporation is a financial services company headquartered in Chicago. Founded in 1889, it provides services to institutions, corporations, governments, and individuals and families.

The company’s businesses include asset servicing, asset management, wealth management, and banking. Its services include investment management, custody and administration, fiduciary services, banking, and financial planning.

Northern Trust serves clients in the United States and internationally, with operations across multiple regions.