PFA Pension Forsikringsaktieselskab Purchases Shares of 485,961 Northern Trust Corporation $NTRS

PFA Pension Forsikringsaktieselskab purchased a new stake in shares of Northern Trust Corporation (NASDAQ:NTRS) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 485,961 shares of the asset manager’s stock, valued at approximately $67,126,000. PFA Pension Forsikringsaktieselskab owned 0.26% of Northern Trust at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Triumph Capital Management purchased a new stake in shares of Northern Trust during the third quarter valued at approximately $25,000. Board of the Pension Protection Fund bought a new position in Northern Trust during the 4th quarter valued at $27,000. Olistico Wealth LLC bought a new position in Northern Trust during the 4th quarter valued at $41,000. True Wealth Design LLC boosted its stake in Northern Trust by 98.7% during the 4th quarter. True Wealth Design LLC now owns 314 shares of the asset manager’s stock valued at $43,000 after acquiring an additional 156 shares during the last quarter. Finally, Torren Management LLC bought a new position in Northern Trust during the 4th quarter valued at $46,000. Hedge funds and other institutional investors own 83.19% of the company’s stock.

Northern Trust Trading Down 1.1%

NASDAQ:NTRS opened at $164.48 on Friday. Northern Trust Corporation has a 1 year low of $95.88 and a 1 year high of $173.18. The stock has a market cap 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 business has a fifty day moving average of $147.24 and a 200-day moving average of $140.93. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.69 and a current ratio of 0.62.

Northern Trust (NASDAQ:NTRS) last released its quarterly earnings results on Tuesday, April 21st. The asset manager reported $2.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.37 by $0.34. Northern Trust had a return on equity of 15.94% and a net margin of 12.84%.The company had revenue of $2.21 billion during the quarter, compared to analysts’ expectations of $2.13 billion. During the same quarter in the prior year, the business posted $1.90 earnings per share. The company’s revenue for the quarter was up 13.8% compared to the same quarter last year. Equities analysts predict that Northern Trust Corporation will post 10.63 earnings per share for the current year.

Northern Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Friday, June 5th will be issued a $0.80 dividend. The ex-dividend date is Friday, June 5th. This represents a $3.20 annualized dividend and a dividend yield of 1.9%. Northern Trust’s dividend payout ratio is 33.51%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Royal Bank Of Canada raised their price objective on Northern Trust from $159.00 to $178.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 22nd. The Goldman Sachs Group raised their price objective on Northern Trust from $151.00 to $169.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 22nd. BMO Capital Markets raised 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. Barclays increased their target price on Northern Trust from $160.00 to $176.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 22nd. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Northern Trust in a research report on Thursday, January 22nd. Four analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $163.55.

Insiders Place Their Bets

In other news, insider Clive Bellows sold 2,800 shares of the company’s stock in a transaction on Friday, April 24th. The stock was sold at an average price of $165.02, for a total value of $462,056.00. Following the completion of the sale, the insider owned 28,217 shares in the company, valued at $4,656,369.34. This represents a 9.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Robert Edward Jr. Moritz acquired 245 shares of the business’s stock in a transaction dated Monday, February 2nd. The stock was purchased at an average price of $151.85 per share, with a total value of $37,203.25. Following the acquisition, the director owned 6,931 shares of the company’s stock, valued at approximately $1,052,472.35. This trade represents a 3.66% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders have sold 32,705 shares of company stock valued at $5,211,464. 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.