Northern Trust (NASDAQ:NTRS) Director Robert Edward Jr. Moritz Purchases 255 Shares of Stock

Northern Trust Corporation (NASDAQ:NTRS) Director Robert Edward Jr. Moritz acquired 255 shares of the stock in a transaction dated Wednesday, July 29th. The stock was bought at an average price of $179.57 per share, for a total transaction of $45,790.35. Following the completion of the purchase, the director owned 8,400 shares in the company, valued at approximately $1,508,388. This trade represents a 3.13% increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.

Robert Edward Jr. Moritz also recently made the following trade(s):

• On Friday, May 1st, Robert Edward Jr. Moritz bought 225 shares of Northern Trust stock. The shares were bought at an average price of $166.41 per share, with a total value of $37,442.25.

Northern Trust Price Performance

Shares of Northern Trust stock traded up $4.86 during midday trading on Thursday, hitting $182.51. 753,987 shares of the company were exchanged, compared to its average volume of 1,103,382. The firm has a 50 day simple moving average of $175.70 and a 200-day simple moving average of $158.75. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.65 and a quick ratio of 0.62. The firm has a market cap of $33.77 billion, a P/E ratio of 15.67, a PEG ratio of 1.02 and a beta of 1.25. Northern Trust Corporation has a 52 week low of $121.12 and a 52 week high of $191.60.

Northern Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Friday, September 4th will be issued a dividend of $0.88 per share. The ex-dividend date of this dividend is Friday, September 4th. This is a boost 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%. Northern Trust’s dividend payout ratio (DPR) is 27.47%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on NTRS shares. Evercore set a $179.00 target price on shares of Northern Trust in a report on Monday, July 6th. UBS Group set a $186.00 price target on shares of Northern Trust in a report on Friday, June 26th. Truist Financial boosted their price target on shares of Northern Trust from $176.00 to $186.00 and gave the company a “hold” rating in a research report on Friday, June 26th. BMO Capital Markets raised shares of Northern Trust from a “market perform” rating to an “outperform” rating and set a $168.00 price objective on the stock in a research note on Monday, April 6th. Finally, Barclays raised their price objective on shares of Northern Trust from $176.00 to $189.00 and gave the stock an “equal weight” rating in a report on Thursday, July 23rd. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Northern Trust presently has a consensus rating of “Hold” and a consensus price target of $180.25.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Reflection Asset Management bought a new position in Northern Trust in the 4th quarter valued at $25,000. Triumph Capital Management bought a new stake in shares of Northern Trust during the third quarter worth $25,000. Basecamp Wealth Advisors LLC raised its position in shares of Northern Trust by 99.0% during the first quarter. Basecamp Wealth Advisors LLC now owns 203 shares of the asset manager’s stock worth $28,000 after acquiring an additional 101 shares during the last quarter. Elyxium Wealth LLC acquired a new position in shares of Northern Trust during the fourth quarter valued at $34,000. Finally, International Assets Investment Management LLC acquired a new position in shares of Northern Trust during the fourth quarter valued at $35,000. Institutional investors and hedge funds own 83.19% of the company’s stock.

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.