Profund Advisors LLC Has $409,000 Holdings in Northern Trust Corporation $NTRS

Profund Advisors LLC trimmed its position in shares of Northern Trust Corporation (NASDAQ:NTRS) by 17.1% during the second quarter, Holdings Channel.com reports. The firm owned 3,226 shares of the asset manager’s stock after selling 664 shares during the period. Profund Advisors LLC’s holdings in Northern Trust were worth $409,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of NTRS. Sound View Wealth Advisors Group LLC acquired a new position in Northern Trust during the second quarter worth $206,000. Rathbones Group PLC increased its position in shares of Northern Trust by 7.2% during the second quarter. Rathbones Group PLC now owns 47,195 shares of the asset manager’s stock worth $5,984,000 after acquiring an additional 3,173 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Northern Trust by 3.8% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 371,524 shares of the asset manager’s stock worth $47,106,000 after acquiring an additional 13,528 shares during the last quarter. Aviva PLC lifted its position in Northern Trust by 8.4% in the 2nd quarter. Aviva PLC now owns 149,911 shares of the asset manager’s stock valued at $19,007,000 after acquiring an additional 11,587 shares in the last quarter. Finally, Wedbush Securities Inc. boosted its stake in Northern Trust by 10.3% during the 2nd quarter. Wedbush Securities Inc. now owns 10,828 shares of the asset manager’s stock valued at $1,373,000 after purchasing an additional 1,008 shares during the last quarter. Institutional investors and hedge funds own 83.19% of the company’s stock.

Insider Activity

In other Northern Trust news, Director Robert Edward Jr. Moritz bought 3,891 shares of Northern Trust stock in a transaction dated Tuesday, November 4th. The stock was purchased at an average price of $128.57 per share, for a total transaction of $500,265.87. Following the completion of the purchase, the director directly owned 6,686 shares of the company’s stock, valued at approximately $859,619.02. This trade represents a 139.21% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Susan Cohen Levy sold 27,591 shares of the business’s stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $128.13, for a total transaction of $3,535,234.83. Following the completion of the sale, the executive vice president directly owned 48,257 shares in the company, valued at approximately $6,183,169.41. This trade represents a 36.38% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on NTRS. Zacks Research lowered Northern Trust from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 9th. Wall Street Zen cut Northern Trust from a “hold” rating to a “sell” rating in a research note on Saturday, October 25th. Morgan Stanley lifted their price objective on shares of Northern Trust from $110.00 to $131.00 and gave the stock an “underweight” rating in a report on Monday, September 29th. Wells Fargo & Company increased their target price on shares of Northern Trust from $127.00 to $131.00 and gave the company an “equal weight” rating in a report on Thursday, October 23rd. Finally, Cowen reaffirmed a “buy” rating on shares of Northern Trust in a research report on Thursday, October 23rd. Five research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $132.46.

Northern Trust Trading Down 2.6%

Shares of NTRS stock opened at $128.91 on Friday. The company has a quick ratio of 0.72, a current ratio of 0.70 and a debt-to-equity ratio of 0.58. The firm has a market cap of $24.38 billion, a P/E ratio of 15.02, a PEG ratio of 1.37 and a beta of 1.32. The company has a 50 day moving average of $129.26 and a 200-day moving average of $121.89. Northern Trust Corporation has a 12-month low of $81.62 and a 12-month high of $135.48.

Northern Trust (NASDAQ:NTRS) last posted its quarterly earnings data on Wednesday, October 22nd. The asset manager reported $2.29 EPS for the quarter, beating the consensus estimate of $2.26 by $0.03. Northern Trust had a return on equity of 14.37% and a net margin of 11.99%.The business had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $2.02 billion. During the same quarter in the prior year, the business earned $2.22 earnings per share. Northern Trust’s revenue for the quarter was up 2.8% on a year-over-year basis. Sell-side analysts anticipate that Northern Trust Corporation will post 8.27 earnings per share for the current year.

Northern Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 1st. Stockholders of record on Friday, December 5th will be paid a dividend of $0.80 per share. The ex-dividend date is Friday, December 5th. This represents a $3.20 annualized dividend and a dividend yield of 2.5%. Northern Trust’s dividend payout ratio is presently 37.30%.

Northern Trust Profile

Northern Trust Corporation, a financial holding company, provides wealth management, asset servicing, asset management, and banking solutions for corporations, institutions, families, and individuals worldwide. It operates in two segments, Asset Servicing and Wealth Management. The Asset Servicing segment offers asset servicing and related services, including custody, fund administration, investment operations outsourcing, investment management, investment risk and analytical services, employee benefit services, securities lending, foreign exchange, treasury management, brokerage services, transition management services, banking, and cash management services.