Northern Trust (NASDAQ:NTRS) Director Acquires 236 Shares of Company Stock

Northern Trust Corporation (NASDAQ:NTRS) Director Robert Moritz, Jr. bought 236 shares of the business’s stock in a transaction on Friday, October 30th. The stock was bought at an average price of $169.07 per share, with a total value of $39,900.52. Following the transaction, the director owned 8,636 shares in the company, valued at approximately $1,460,088.52. This represents a 2.81% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Northern Trust Stock Up 0.9%

Shares of NASDAQ NTRS traded up $1.50 during mid-day trading on Monday, reaching $170.66. The company had a trading volume of 1,294,008 shares, compared to its average volume of 1,103,804. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.61 and a current ratio of 0.61. Northern Trust Corporation has a twelve month low of $121.53 and a twelve month high of $195.78. The stock’s 50 day moving average is $175.52 and its 200-day moving average is $165.29. The stock has a market capitalization of $30.91 billion, a PE ratio of 13.37, a price-to-earnings-growth ratio of 0.87 and a beta of 1.21.

Northern Trust (NASDAQ:NTRS) last issued its earnings results on Wednesday, October 21st. The asset manager reported $3.40 EPS for the quarter, beating analysts’ consensus estimates of $2.87 by $0.53. Northern Trust had a return on equity of 17.97% and a net margin of 15.86%. The firm had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.26 billion. During the same quarter in the previous year, the company posted $2.29 earnings per share. The business’s quarterly revenue was up 13.4% compared to the same quarter last year. As a group, equities analysts anticipate that Northern Trust Corporation will post 11.95 earnings per share for the current fiscal year.

Northern Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 1st. Stockholders of record on Friday, December 4th will be paid a dividend of $0.88 per share. The ex-dividend date of this dividend is Friday, December 4th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 2.1%. Northern Trust’s dividend payout ratio (DPR) is 27.59%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Continuum Advisory LLC bought a new stake in Northern Trust during the second quarter worth approximately $26,000. Basecamp Wealth Advisors LLC raised its position in shares of Northern Trust by 99.0% in the first quarter. Basecamp Wealth Advisors LLC now owns 203 shares of the asset manager’s stock valued at $28,000 after purchasing an additional 101 shares during the period. NBH Bank bought a new position in shares of Northern Trust in the second quarter valued at approximately $30,000. Keating Financial Advisory Services Inc. acquired a new stake in shares of Northern Trust in the second quarter worth $31,000. Finally, Clearstead Trust LLC acquired a new stake in shares of Northern Trust in the second quarter worth $37,000. 83.19% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on NTRS shares. JPMorgan Chase & Co. boosted their price target on Northern Trust from $185.00 to $191.50 and gave the company a “neutral” rating in a research note on Friday. Bank of America cut their price objective on shares of Northern Trust from $200.00 to $187.00 in a research report on Monday, October 5th. BMO Capital Markets cut their price objective on shares of Northern Trust from $208.00 to $190.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 6th. Royal Bank Of Canada cut shares of Northern Trust from an “outperform” rating to a “sector perform” rating and lifted their target price for the company from $159.00 to $178.00 in a research note on Wednesday, July 22nd. Finally, Morgan Stanley boosted their target price on shares of Northern Trust from $173.00 to $177.00 and gave the stock an “underweight” rating in a research report on Thursday, October 22nd. Two investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Northern Trust currently has a consensus rating of “Hold” and a consensus price target of $181.03.

Northern Trust Company Profile

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.