MASTERINVEST Kapitalanlage GmbH Acquires New Shares in Northern Trust Corporation $NTRS

MASTERINVEST Kapitalanlage GmbH acquired a new position in shares of Northern Trust Corporation (NASDAQ:NTRS) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 5,996 shares of the asset manager’s stock, valued at approximately $760,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cullen Frost Bankers Inc. boosted its holdings in Northern Trust by 84.8% during the second quarter. Cullen Frost Bankers Inc. now owns 1,567 shares of the asset manager’s stock worth $199,000 after purchasing an additional 719 shares during the last quarter. First Pacific Financial bought a new stake in Northern Trust during the 2nd quarter worth about $3,118,000. Aviva PLC boosted its stake in shares of Northern Trust by 8.4% during the 2nd quarter. Aviva PLC now owns 149,911 shares of the asset manager’s stock worth $19,007,000 after buying an additional 11,587 shares during the last quarter. Hsbc Holdings PLC grew its holdings in shares of Northern Trust by 11.5% in the 1st quarter. Hsbc Holdings PLC now owns 455,239 shares of the asset manager’s stock valued at $44,668,000 after acquiring an additional 46,877 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Northern Trust by 5.3% in the second quarter. Bank of New York Mellon Corp now owns 1,907,408 shares of the asset manager’s stock valued at $241,840,000 after acquiring an additional 96,592 shares during the last quarter. 83.19% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Northern Trust

In other news, insider John Landers sold 766 shares of the business’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $124.35, for a total transaction of $95,252.10. Following the completion of the sale, the insider owned 7,313 shares in the company, valued at $909,371.55. The trade was a 9.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Robert Edward Jr. Moritz bought 3,891 shares of the stock in a transaction dated Tuesday, November 4th. The shares were purchased 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 of the company’s stock, valued at $859,619.02. This trade represents a 139.21% increase in their position. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 0.77% of the company’s stock.

Northern Trust Trading Down 1.1%

Shares of Northern Trust stock opened at $138.52 on Monday. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.70 and a quick ratio of 0.70. The business has a fifty day simple moving average of $129.37 and a two-hundred day simple moving average of $126.38. Northern Trust Corporation has a 1 year low of $81.62 and a 1 year high of $140.75. The company has a market capitalization of $26.20 billion, a price-to-earnings ratio of 16.14, a P/E/G ratio of 1.49 and a beta of 1.27.

Northern Trust (NASDAQ:NTRS) last issued its quarterly earnings data on Wednesday, October 22nd. The asset manager reported $2.29 earnings per share for the quarter, beating the consensus estimate of $2.26 by $0.03. The company had revenue of $2.03 billion for the quarter, compared to analyst estimates 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 was up 2.8% on a year-over-year basis. During the same period in the prior year, the firm earned $2.22 earnings per share. Research analysts forecast that Northern Trust Corporation will post 8.27 EPS for the current year.

Northern Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 1st. Shareholders of record on Friday, December 5th will be given a dividend of $0.80 per share. The ex-dividend date is Friday, December 5th. This represents a $3.20 annualized dividend and a yield of 2.3%. Northern Trust’s dividend payout ratio (DPR) is 37.30%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Keefe, Bruyette & Woods increased their price target on Northern Trust from $123.00 to $125.00 and gave the company an “underperform” rating in a research report on Thursday, October 23rd. TD Cowen increased their price objective on Northern Trust from $152.00 to $155.00 and gave the company a “buy” rating in a report on Thursday, October 23rd. Truist Financial lowered their target price on shares of Northern Trust from $142.00 to $139.00 and set a “hold” rating on the stock in a report on Thursday, October 23rd. BMO Capital Markets initiated coverage on shares of Northern Trust in a research report on Friday, October 3rd. They set a “market perform” rating and a $142.00 price target on the stock. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Northern Trust in a research report on Wednesday, October 8th. Five analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $132.46.

Northern Trust Company 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.