XTX Topco Ltd Invests $2.15 Million in Northern Trust Corporation $NTRS

XTX Topco Ltd acquired a new position in Northern Trust Corporation (NASDAQ:NTRS) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 16,949 shares of the asset manager’s stock, valued at approximately $2,149,000.

A number of other large investors have also recently made changes to their positions in the stock. New York Life Investment Management LLC lifted its position in Northern Trust by 0.3% during the second quarter. New York Life Investment Management LLC now owns 29,132 shares of the asset manager’s stock valued at $3,694,000 after purchasing an additional 80 shares during the period. Welch Group LLC raised its stake in Northern Trust by 2.8% during the 2nd quarter. Welch Group LLC now owns 3,153 shares of the asset manager’s stock valued at $400,000 after buying an additional 87 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Northern Trust by 9.0% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,062 shares of the asset manager’s stock valued at $135,000 after buying an additional 88 shares during the period. Harbour Investments Inc. boosted its stake in shares of Northern Trust by 10.0% in the 2nd quarter. Harbour Investments Inc. now owns 1,032 shares of the asset manager’s stock worth $131,000 after buying an additional 94 shares during the last quarter. Finally, Twin Capital Management Inc. grew its holdings in shares of Northern Trust by 0.5% in the second quarter. Twin Capital Management Inc. now owns 20,071 shares of the asset manager’s stock worth $2,545,000 after acquiring an additional 94 shares during the period. 83.19% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Northern Trust news, Director Robert Edward Jr. Moritz purchased 3,891 shares of the firm’s stock in a transaction that occurred on Tuesday, November 4th. The shares were bought at an average price of $128.57 per share, with a total value of $500,265.87. Following the completion of the purchase, the director directly owned 6,686 shares in the company, valued at $859,619.02. This trade represents a 139.21% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider John Landers sold 766 shares of the company’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $124.35, for a total transaction of $95,252.10. Following the sale, the insider owned 7,313 shares in the company, valued at $909,371.55. This represents a 9.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.77% of the stock is currently owned by company insiders.

Northern Trust Trading Up 1.1%

Shares of Northern Trust stock opened at $131.37 on Thursday. Northern Trust Corporation has a twelve month low of $81.62 and a twelve month high of $135.48. The company has a quick ratio of 0.72, a current ratio of 0.70 and a debt-to-equity ratio of 0.58. The business has a 50-day moving average price of $128.96 and a 200-day moving average price of $123.98. The firm has a market cap of $24.84 billion, a price-to-earnings ratio of 15.31, a PEG ratio of 1.37 and a beta of 1.32.

Northern Trust (NASDAQ:NTRS) last announced its quarterly earnings results on Wednesday, October 22nd. The asset manager reported $2.29 EPS for the quarter, beating analysts’ consensus estimates of $2.26 by $0.03. The company had revenue of $2.03 billion during the quarter, compared to analyst estimates of $2.02 billion. Northern Trust had a return on equity of 14.37% and a net margin of 11.99%.The firm’s revenue was up 2.8% on a year-over-year basis. During the same period in the prior year, the company earned $2.22 earnings per share. Equities research analysts anticipate that Northern Trust Corporation will post 8.27 EPS for the current fiscal year.

Northern Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 1st. Investors of record on Friday, December 5th will be issued a $0.80 dividend. The ex-dividend date of this dividend is Friday, December 5th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.4%. Northern Trust’s dividend payout ratio (DPR) is 37.30%.

Wall Street Analysts Forecast Growth

NTRS has been the subject of a number of research reports. Wells Fargo & Company upped their price objective on Northern Trust from $127.00 to $131.00 and gave the company an “equal weight” rating in a research report on Thursday, October 23rd. Keefe, Bruyette & Woods upped their target price on shares of Northern Trust from $123.00 to $125.00 and gave the company an “underperform” rating in a report on Thursday, October 23rd. BMO Capital Markets began coverage on Northern Trust in a research report on Friday, October 3rd. They set a “market perform” rating and a $142.00 target price on the stock. Wall Street Zen cut Northern Trust from a “hold” rating to a “sell” rating in a research report on Saturday, October 25th. Finally, Citigroup raised their price objective on Northern Trust from $110.00 to $135.00 and gave the stock a “neutral” rating in a research note on Friday, September 5th. Five equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $132.46.

About Northern Trust

Northern Trust Corporation, a financial holding company, provides wealth management, asset servicing, asset management, and banking solutions for corporations, institutions, families, and individuals worldwide. It operates in two segments, Asset Servicing and Wealth Management. The Asset Servicing segment offers asset servicing and related services, including custody, fund administration, investment operations outsourcing, investment management, investment risk and analytical services, employee benefit services, securities lending, foreign exchange, treasury management, brokerage services, transition management services, banking, and cash management services.