Universal Beteiligungs und Servicegesellschaft mbH Sells 17,339 Shares of Northern Trust Corporation $NTRS

Universal Beteiligungs und Servicegesellschaft mbH trimmed its holdings in shares of Northern Trust Corporation (NASDAQ:NTRS) by 6.6% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 244,349 shares of the asset manager’s stock after selling 17,339 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned 0.13% of Northern Trust worth $30,981,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. New York Life Investment Management LLC raised its holdings in shares of Northern Trust by 0.3% during the second quarter. New York Life Investment Management LLC now owns 29,132 shares of the asset manager’s stock worth $3,694,000 after acquiring an additional 80 shares during the period. Welch Group LLC boosted its stake in Northern Trust by 2.8% in the 2nd quarter. Welch Group LLC now owns 3,153 shares of the asset manager’s stock worth $400,000 after purchasing an additional 87 shares during the period. MassMutual Private Wealth & Trust FSB increased its holdings in Northern Trust by 9.0% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,062 shares of the asset manager’s stock worth $135,000 after purchasing an additional 88 shares in the last quarter. Harbour Investments Inc. increased its holdings in Northern Trust by 10.0% during the 2nd quarter. Harbour Investments Inc. now owns 1,032 shares of the asset manager’s stock worth $131,000 after purchasing an additional 94 shares in the last quarter. Finally, Twin Capital Management Inc. raised its stake in shares of Northern Trust by 0.5% in the 2nd quarter. Twin Capital Management Inc. now owns 20,071 shares of the asset manager’s stock valued at $2,545,000 after purchasing an additional 94 shares during the period. Institutional investors and hedge funds own 83.19% of the company’s stock.

Insider Buying and Selling at Northern Trust

In related news, Director Robert Edward Jr. Moritz purchased 3,891 shares of the firm’s stock in a transaction that occurred on Tuesday, November 4th. The shares were acquired at an average price of $128.57 per share, for a total transaction of $500,265.87. Following the purchase, the director owned 6,686 shares in the company, valued at approximately $859,619.02. This represents a 139.21% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Susan Cohen Levy sold 27,591 shares of the stock in a transaction dated 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 transaction, the executive vice president directly owned 48,257 shares in the company, valued at approximately $6,183,169.41. This represents a 36.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.77% of the stock is owned by insiders.

Northern Trust Price Performance

NASDAQ:NTRS opened at $122.72 on Tuesday. The stock has a market capitalization of $23.21 billion, a PE ratio of 14.30, a P/E/G ratio of 1.37 and a beta of 1.32. Northern Trust Corporation has a 1-year low of $81.62 and a 1-year high of $135.48. The firm has a fifty day simple moving average of $129.17 and a 200 day simple moving average of $122.72. The company has a current ratio of 0.70, a quick ratio of 0.72 and a debt-to-equity ratio of 0.58.

Northern Trust (NASDAQ:NTRS) last announced its quarterly earnings results on Wednesday, October 22nd. The asset manager reported $2.29 EPS for the quarter, beating analysts’ consensus estimates of $2.26 by $0.03. The firm had revenue of $2.03 billion during the quarter, compared to analysts’ expectations of $2.02 billion. Northern Trust had a net margin of 11.99% and a return on equity of 14.37%. The company’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter last year, the company posted $2.22 earnings per share. On average, research analysts expect that Northern Trust Corporation will post 8.27 EPS for the current fiscal year.

Northern Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 1st. Shareholders of record on Friday, December 5th will be issued a dividend of $0.80 per share. The ex-dividend date of this dividend is Friday, December 5th. This represents a $3.20 annualized dividend and a yield of 2.6%. Northern Trust’s dividend payout ratio (DPR) is currently 37.30%.

Analyst Ratings Changes

Several research analysts have recently weighed in on NTRS shares. Evercore ISI upped their price objective on Northern Trust from $125.00 to $135.00 and gave the stock an “in-line” rating in a research report on Tuesday, September 30th. Morgan Stanley upped their price target on Northern Trust from $110.00 to $131.00 and gave the stock an “underweight” rating in a research report on Monday, September 29th. TD Cowen lifted their price objective on shares of Northern Trust from $152.00 to $155.00 and gave the company a “buy” rating in a report on Thursday, October 23rd. Citigroup increased their target price on shares of Northern Trust from $110.00 to $135.00 and gave the stock a “neutral” rating in a report on Friday, September 5th. Finally, Wells Fargo & Company raised their target price on shares of Northern Trust from $127.00 to $131.00 and gave the company an “equal weight” rating in a research report on Thursday, October 23rd. Five research analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $132.46.

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.