Groupe la Francaise Has $7.90 Million Stake in Northern Trust Corporation $NTRS

Groupe la Francaise raised its holdings in Northern Trust Corporation (NASDAQ:NTRS) by 9.7% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 56,620 shares of the asset manager’s stock after purchasing an additional 5,005 shares during the quarter. Groupe la Francaise’s holdings in Northern Trust were worth $7,902,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. V Square Quantitative Management LLC grew its holdings in shares of Northern Trust by 1.3% during the first quarter. V Square Quantitative Management LLC now owns 4,793 shares of the asset manager’s stock worth $669,000 after purchasing an additional 61 shares during the last quarter. CWS Financial Advisors LLC raised its holdings in shares of Northern Trust by 2.0% in the first quarter. CWS Financial Advisors LLC now owns 3,997 shares of the asset manager’s stock valued at $558,000 after buying an additional 77 shares during the last quarter. SJS Investment Consulting Inc. raised its holdings in shares of Northern Trust by 16.5% in the first quarter. SJS Investment Consulting Inc. now owns 559 shares of the asset manager’s stock valued at $78,000 after buying an additional 79 shares during the last quarter. Compound Planning Inc. lifted its position in Northern Trust by 4.7% during the 1st quarter. Compound Planning Inc. now owns 1,770 shares of the asset manager’s stock worth $247,000 after buying an additional 79 shares in the last quarter. Finally, Apollon Wealth Management LLC lifted its position in Northern Trust by 1.9% during the 4th quarter. Apollon Wealth Management LLC now owns 4,379 shares of the asset manager’s stock worth $598,000 after buying an additional 81 shares in the last quarter. Institutional investors and hedge funds own 83.19% of the company’s stock.

Northern Trust Stock Down 0.2%

Shares of NASDAQ NTRS opened at $182.19 on Friday. The stock has a market cap of $33.71 billion, a P/E ratio of 15.64, a P/E/G ratio of 1.03 and a beta of 1.25. The firm has a 50 day moving average price of $176.30 and a 200 day moving average price of $159.17. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.62 and a current ratio of 0.65. Northern Trust Corporation has a 52-week low of $121.12 and a 52-week high of $191.60.

Northern Trust Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Friday, September 4th will be given a dividend of $0.88 per share. This is a positive change from Northern Trust’s previous quarterly dividend of $0.80. 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. Northern Trust’s payout ratio is 27.47%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on NTRS shares. JPMorgan Chase & Co. raised their price objective on shares of Northern Trust from $170.00 to $179.50 and gave the company a “neutral” rating in a research report on Monday, July 6th. Truist Financial upped their target price on shares of Northern Trust from $176.00 to $186.00 and gave the stock a “hold” rating in a research report on Friday, June 26th. Evercore set a $179.00 price target on shares of Northern Trust in a research note on Monday, July 6th. Bank of America raised their price target on shares of Northern Trust from $190.00 to $200.00 and gave the company a “buy” rating in a report on Tuesday, July 7th. Finally, Weiss Ratings upgraded shares of Northern Trust from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 4th. 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 company. According to MarketBeat, Northern Trust has a consensus rating of “Hold” and an average target price of $180.25.

Insider Buying and Selling at Northern Trust

In other news, Director Robert Edward Jr. Moritz purchased 255 shares of the firm’s stock in a transaction dated Wednesday, July 29th. The stock was bought at an average price of $179.57 per share, with a total value of $45,790.35. Following the acquisition, the director directly owned 8,400 shares of the company’s stock, valued at approximately $1,508,388. This represents a 3.13% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.66% of the stock is currently owned by corporate 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.