Northern Trust Corporation $NTRS Shares Bought by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. grew its position in Northern Trust Corporation (NASDAQ:NTRS) by 2.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,500,961 shares of the asset manager’s stock after acquiring an additional 29,490 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Northern Trust were worth $254,203,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of NTRS. V Square Quantitative Management LLC grew its position in Northern Trust by 1.3% during the 1st quarter. V Square Quantitative Management LLC now owns 4,793 shares of the asset manager’s stock worth $669,000 after acquiring an additional 61 shares during the last quarter. Versant Capital Management Inc increased its holdings in Northern Trust by 2.1% during the 3rd quarter. Versant Capital Management Inc now owns 3,379 shares of the asset manager’s stock valued at $572,000 after purchasing an additional 70 shares in the last quarter. Greenleaf Trust raised its position in Northern Trust by 0.6% in the 2nd quarter. Greenleaf Trust now owns 12,575 shares of the asset manager’s stock valued at $2,186,000 after purchasing an additional 71 shares during the last quarter. CWS Financial Advisors LLC raised its position in Northern Trust by 2.0% in the 1st quarter. CWS Financial Advisors LLC now owns 3,997 shares of the asset manager’s stock valued at $558,000 after purchasing an additional 77 shares during the last quarter. Finally, SJS Investment Consulting Inc. boosted its stake in Northern Trust by 16.5% in the first quarter. SJS Investment Consulting Inc. now owns 559 shares of the asset manager’s stock worth $78,000 after purchasing an additional 79 shares in the last quarter. 83.19% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on NTRS. Capital One Financial set a $190.00 target price on Northern Trust in a report on Tuesday, October 6th. Citigroup raised their target price on Northern Trust from $182.00 to $186.00 and gave the company a “neutral” rating in a research note on Monday, October 5th. Evercore set a $183.00 price target on Northern Trust in a report on Thursday, October 1st. Weiss Ratings upgraded shares of Northern Trust from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday, October 8th. Finally, Morgan Stanley upped their price target on shares of Northern Trust from $170.00 to $173.00 and gave the stock an “underweight” rating in a research report on Thursday, July 23rd. Three analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $183.93.

Northern Trust Stock Performance

Shares of Northern Trust stock opened at $165.44 on Wednesday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.65 and a quick ratio of 0.65. The firm has a 50 day simple moving average of $178.63 and a 200 day simple moving average of $173.50. Northern Trust Corporation has a fifty-two week low of $121.53 and a fifty-two week high of $195.78. The firm has a market cap of $30.27 billion, a P/E ratio of 14.20, a P/E/G ratio of 0.93 and a beta of 1.24.

Northern Trust (NASDAQ:NTRS) last posted its quarterly earnings data on Wednesday, July 22nd. The asset manager reported $4.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.71 by $1.52. The firm had revenue of $2.71 billion for the quarter, compared to the consensus estimate of $2.69 billion. Northern Trust had a return on equity of 16.91% and a net margin of 14.76%. The business’s revenue for the quarter was up 35.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.13 EPS. Sell-side analysts predict that Northern Trust Corporation will post 11.65 earnings per share for the current fiscal year.

Northern Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 1st. Investors of record on Friday, December 4th will be issued a $0.88 dividend. The ex-dividend date is Friday, December 4th. This represents a $3.52 annualized dividend and a yield of 2.1%. Northern Trust’s dividend payout ratio (DPR) is currently 30.21%.

Insider Activity at Northern Trust

In related news, Director Robert Moritz, Jr. acquired 255 shares of the company’s stock in a transaction that occurred on Wednesday, July 29th. The stock was acquired at an average price of $179.57 per share, for a total transaction of $45,790.35. Following the completion of the acquisition, the director owned 8,400 shares of the company’s stock, valued at $1,508,388. This trade represents a 3.13% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Thomas South sold 1,800 shares of the company’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $184.90, for a total value of $332,820.00. Following the completion of the sale, the executive vice president directly owned 92,917 shares of the company’s stock, valued at approximately $17,180,353.30. This trade represents a 1.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.66% of the stock is owned by insiders.

About Northern Trust

Northern Trust Corporation (NASDAQ:NTRS) is a financial services company that provides wealth management, asset servicing, asset management and banking services. The company serves institutional investors, corporations, financial institutions, high-net-worth individuals and families.

Its offerings include custody and administration of investment assets, fund accounting, securities lending, foreign exchange, treasury services, investment management, trust and estate services, private banking and wealth planning.