Vest Financial LLC Has $20.08 Million Position in Northern Trust Corporation $NTRS

Vest Financial LLC raised its holdings in Northern Trust Corporation (NASDAQ:NTRS) by 9.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 149,191 shares of the asset manager’s stock after acquiring an additional 12,350 shares during the quarter. Vest Financial LLC’s holdings in Northern Trust were worth $20,081,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank bought a new position in shares of Northern Trust in the 2nd quarter worth $276,087,000. Primecap Management Co. CA lifted its stake in Northern Trust by 19.5% in the second quarter. Primecap Management Co. CA now owns 7,793,757 shares of the asset manager’s stock valued at $988,170,000 after buying an additional 1,270,748 shares during the period. Marshall Wace LLP lifted its stake in Northern Trust by 2,397.3% in the second quarter. Marshall Wace LLP now owns 657,026 shares of the asset manager’s stock valued at $83,304,000 after buying an additional 630,717 shares during the period. Rokos Capital Management LLP bought a new position in Northern Trust during the second quarter worth about $73,888,000. Finally, LSV Asset Management grew its position in shares of Northern Trust by 154.0% during the 2nd quarter. LSV Asset Management now owns 805,990 shares of the asset manager’s stock worth $102,191,000 after buying an additional 488,690 shares during the period. Institutional investors own 83.19% of the company’s stock.

Northern Trust Trading Up 0.8%

Shares of NASDAQ:NTRS opened at $144.42 on Thursday. The firm has a market cap of $27.31 billion, a price-to-earnings ratio of 16.83, a PEG ratio of 1.19 and a beta of 1.27. Northern Trust Corporation has a 12 month low of $81.62 and a 12 month high of $148.98. The company’s fifty day simple moving average is $136.96 and its 200 day simple moving average is $131.54. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.58.

Northern Trust (NASDAQ:NTRS) last released its earnings results on Wednesday, October 22nd. The asset manager reported $2.29 earnings per share (EPS) for the quarter, topping 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 return on equity of 14.37% and a net margin of 11.99%.The company’s revenue was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.22 EPS. As a group, research analysts forecast that Northern Trust Corporation will post 8.27 EPS for the current fiscal year.

Northern Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Friday, March 6th will be issued a dividend of $0.80 per share. The ex-dividend date is Friday, March 6th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.2%. Northern Trust’s dividend payout ratio (DPR) is presently 37.30%.

Insider Activity at Northern Trust

In other news, insider John Landers sold 766 shares of Northern Trust stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $124.35, for a total value of $95,252.10. Following the sale, the insider directly owned 7,313 shares in the company, valued at $909,371.55. This trade represents a 9.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert Edward Jr. Moritz acquired 3,891 shares of the business’s stock in a transaction dated Tuesday, November 4th. The stock was acquired at an average cost of $128.57 per share, for a total transaction of $500,265.87. Following the transaction, the director owned 6,686 shares of the company’s stock, valued at $859,619.02. This represents a 139.21% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 0.77% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts recently weighed in on NTRS shares. Evercore ISI lifted their price objective on shares of Northern Trust from $125.00 to $135.00 and gave the stock an “in-line” rating in a research note on Tuesday, September 30th. Barclays increased their target price on shares of Northern Trust from $136.00 to $160.00 and gave the stock an “equal weight” rating in a report on Monday, January 5th. TD Cowen reissued a “buy” rating on shares of Northern Trust in a research report on Wednesday, January 7th. Wall Street Zen upgraded shares of Northern Trust from a “sell” rating to a “hold” rating in a research report on Saturday, December 27th. Finally, Keefe, Bruyette & Woods lifted their target price on Northern Trust from $123.00 to $125.00 and gave the stock an “underperform” rating in a report on Thursday, October 23rd. Four investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $136.00.

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.