Lombard Odier Asset Management Switzerland SA Makes New $1.62 Million Investment in Northern Trust Corporation $NTRS

Lombard Odier Asset Management Switzerland SA purchased a new stake in shares of Northern Trust Corporation (NASDAQ:NTRS) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 11,639 shares of the asset manager’s stock, valued at approximately $1,624,000.

Other institutional investors also recently modified their holdings of the company. Reflection Asset Management acquired a new stake in shares of Northern Trust in the fourth quarter worth $25,000. Triumph Capital Management acquired a new position in Northern Trust in the 3rd quarter valued at $25,000. Elyxium Wealth LLC bought a new position in Northern Trust in the 4th quarter worth $34,000. International Assets Investment Management LLC bought a new position in Northern Trust in the 4th quarter worth $35,000. Finally, Transamerica Financial Advisors LLC lifted its position in Northern Trust by 54.1% during the 4th quarter. Transamerica Financial Advisors LLC now owns 265 shares of the asset manager’s stock worth $36,000 after acquiring an additional 93 shares during the last quarter. Institutional investors own 83.19% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on NTRS shares. JPMorgan Chase & Co. raised their price target on Northern Trust from $170.00 to $179.50 and gave the company a “neutral” rating in a research report on Monday, July 6th. UBS Group set a $186.00 price objective on Northern Trust in a research report on Friday, June 26th. Zacks Research upgraded Northern Trust from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. Truist Financial lifted their price target on Northern Trust from $176.00 to $186.00 and gave the stock a “hold” rating in a research report on Friday, June 26th. Finally, BMO Capital Markets upgraded Northern Trust from a “market perform” rating to an “outperform” rating and set a $168.00 price target for the company in a report on Monday, April 6th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $180.25.

Insider Buying and Selling at Northern Trust

In other news, Director Robert Edward Jr. Moritz acquired 225 shares of the stock in a transaction dated Friday, May 1st. The shares were acquired at an average cost of $166.41 per share, for a total transaction of $37,442.25. Following the completion of the transaction, the director owned 8,145 shares in the company, valued at approximately $1,355,409.45. This trade represents a 2.84% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.66% of the company’s stock.

Northern Trust Stock Up 1.1%

NASDAQ NTRS opened at $182.52 on Tuesday. Northern Trust Corporation has a twelve month low of $121.12 and a twelve month high of $191.60. The stock has a market cap of $33.77 billion, a PE ratio of 15.67, a PEG ratio of 1.14 and a beta of 1.25. The firm has a 50-day simple moving average of $175.15 and a 200 day simple moving average of $158.24. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.62 and a current ratio of 0.65.

Northern Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Friday, September 4th will be given a $0.88 dividend. The ex-dividend date is Friday, September 4th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.9%. This is an increase from Northern Trust’s previous quarterly dividend of $0.80. Northern Trust’s dividend payout ratio is 30.21%.

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.