Forsta AP Fonden Acquires 14,100 Shares of Northern Trust Corporation $NTRS

Forsta AP Fonden lifted its holdings in shares of Northern Trust Corporation (NASDAQ:NTRS) by 33.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 55,800 shares of the asset manager’s stock after buying an additional 14,100 shares during the quarter. Forsta AP Fonden’s holdings in Northern Trust were worth $7,622,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Triumph Capital Management bought a new stake in Northern Trust in the 3rd quarter worth $25,000. Board of the Pension Protection Fund bought a new stake in Northern Trust in the 4th quarter worth $27,000. Elyxium Wealth LLC bought a new stake in Northern Trust in the 4th quarter worth $34,000. International Assets Investment Management LLC bought a new stake in Northern Trust in the 4th quarter worth $35,000. Finally, Olistico Wealth LLC bought a new stake in Northern Trust in the 4th quarter worth $41,000. Institutional investors own 83.19% of the company’s stock.

Northern Trust Trading Up 1.7%

Shares of NTRS opened at $168.34 on Tuesday. The firm’s 50-day moving average price is $156.95 and its 200-day moving average price is $146.28. The firm has a market capitalization of $31.15 billion, a price-to-earnings ratio of 17.63, a PEG ratio of 1.18 and a beta of 1.25. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.51. Northern Trust Corporation has a 1-year low of $104.99 and a 1-year high of $173.18.

Northern Trust (NASDAQ:NTRS) last announced its earnings results on Tuesday, April 21st. The asset manager reported $2.71 earnings per share for the quarter, beating analysts’ consensus estimates of $2.37 by $0.34. Northern Trust had a net margin of 12.84% and a return on equity of 15.94%. The firm had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.13 billion. During the same quarter in the previous year, the firm posted $1.90 EPS. The company’s revenue for the quarter was up 13.8% compared to the same quarter last year. Sell-side analysts anticipate that Northern Trust Corporation will post 10.68 EPS for the current year.

Northern Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Friday, June 5th will be given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Friday, June 5th. Northern Trust’s dividend payout ratio (DPR) is 33.51%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Weiss Ratings raised shares of Northern Trust from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 4th. Zacks Research raised shares of Northern Trust from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 12th. Barclays raised their price target on shares of Northern Trust from $160.00 to $176.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 22nd. Wells Fargo & Company raised their price target on shares of Northern Trust from $150.00 to $175.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 22nd. Finally, JPMorgan Chase & Co. lifted their target price on shares of Northern Trust from $153.50 to $170.00 and gave the company a “neutral” rating in a research note on Monday, May 11th. One equities 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 company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $164.08.

Insider Buying and Selling at Northern Trust

In related news, insider Clive Bellows sold 2,800 shares of Northern Trust stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $165.02, for a total transaction of $462,056.00. Following the completion of the transaction, the insider directly owned 28,217 shares of the company’s stock, valued at $4,656,369.34. This trade represents a 9.03% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO David W. Fox, Jr. sold 19,987 shares of Northern Trust stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $166.16, for a total transaction of $3,321,039.92. Following the transaction, the chief financial officer directly owned 18,588 shares of the company’s stock, valued at approximately $3,088,582.08. This trade represents a 51.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 29,064 shares of company stock valued at $4,682,064. Insiders own 0.66% of the company’s stock.

About Northern Trust

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.