NewSquare Capital LLC Acquires 8,701 Shares of Northern Trust Corporation $NTRS

NewSquare Capital LLC raised its holdings in Northern Trust Corporation (NASDAQ:NTRS) by 11,013.9% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 8,780 shares of the asset manager’s stock after acquiring an additional 8,701 shares during the quarter. NewSquare Capital LLC’s holdings in Northern Trust were worth $1,182,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in NTRS. Empowered Funds LLC grew its holdings in shares of Northern Trust by 13.3% in the first quarter. Empowered Funds LLC now owns 20,112 shares of the asset manager’s stock worth $1,984,000 after purchasing an additional 2,363 shares during the last quarter. Woodline Partners LP grew its stake in Northern Trust by 39.1% in the 1st quarter. Woodline Partners LP now owns 16,557 shares of the asset manager’s stock worth $1,633,000 after acquiring an additional 4,653 shares in the last quarter. Arkadios Wealth Advisors purchased a new position in shares of Northern Trust during the second quarter worth approximately $247,000. Hantz Financial Services Inc. raised its stake in shares of Northern Trust by 5,225.0% during the second quarter. Hantz Financial Services Inc. now owns 213 shares of the asset manager’s stock valued at $27,000 after acquiring an additional 209 shares in the last quarter. Finally, Assetmark Inc. boosted its holdings in shares of Northern Trust by 251.0% in the second quarter. Assetmark Inc. now owns 2,050 shares of the asset manager’s stock valued at $260,000 after purchasing an additional 1,466 shares during the period. 83.19% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on NTRS shares. Wall Street Zen raised Northern Trust from a “sell” rating to a “hold” rating in a research report on Saturday, December 27th. Zacks Research raised shares of Northern Trust from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 23rd. Wells Fargo & Company raised their target price on shares of Northern Trust from $145.00 to $150.00 and gave the company an “equal weight” rating in a research report on Friday, January 23rd. The Goldman Sachs Group upped their price target on shares of Northern Trust from $130.00 to $148.00 and gave the stock a “sell” rating in a research report on Wednesday, January 28th. Finally, Barclays boosted their price objective on shares of Northern Trust from $136.00 to $160.00 and gave the stock an “equal weight” rating in a research note on Monday, January 5th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $148.75.

Insiders Place Their Bets

In other news, insider Clive Bellows sold 1,148 shares of the stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $145.26, for a total transaction of $166,758.48. Following the completion of the transaction, the insider directly owned 34,133 shares in the company, valued at $4,958,159.58. This represents a 3.25% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Guy Gibson sold 1,043 shares of the stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $147.43, for a total value of $153,769.49. Following the completion of the sale, the insider directly owned 35,013 shares of the company’s stock, valued at approximately $5,161,966.59. The trade was a 2.89% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 31,896 shares of company stock valued at $4,738,262 over the last 90 days. 0.77% of the stock is currently owned by company insiders.

Northern Trust Stock Performance

Northern Trust stock opened at $143.50 on Friday. Northern Trust Corporation has a 1 year low of $81.62 and a 1 year high of $157.60. The company has a market cap of $26.67 billion, a PE ratio of 16.42, a PEG ratio of 1.16 and a beta of 1.27. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.57. The company’s 50-day moving average is $145.67 and its two-hundred day moving average is $135.89.

Northern Trust (NASDAQ:NTRS) last posted its earnings results on Friday, January 30th. The asset manager reported $2.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.37 by $0.05. The company had revenue of $3.15 billion during the quarter. Northern Trust had a return on equity of 14.87% and a net margin of 12.15%.Northern Trust’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.26 earnings per share. Equities 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 announced a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Friday, March 6th will be paid a $0.80 dividend. The ex-dividend date is Friday, March 6th. This represents a $3.20 annualized dividend and a yield of 2.2%. Northern Trust’s payout ratio is presently 36.61%.

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.