Speece Thorson Capital Group Inc. Has $9.24 Million Holdings in Northern Trust Corporation $NTRS

Speece Thorson Capital Group Inc. lessened its holdings in shares of Northern Trust Corporation (NASDAQ:NTRS) by 43.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,669 shares of the asset manager’s stock after selling 52,965 shares during the quarter. Speece Thorson Capital Group Inc.’s holdings in Northern Trust were worth $9,243,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Bank of New York Mellon Corp grew its position in Northern Trust by 2.1% during the third quarter. Bank of New York Mellon Corp now owns 1,947,456 shares of the asset manager’s stock valued at $262,128,000 after purchasing an additional 40,048 shares in the last quarter. iSAM Funds UK Ltd purchased a new stake in Northern Trust in the 3rd quarter worth approximately $2,253,000. Jupiter Asset Management Ltd. acquired a new stake in shares of Northern Trust during the 3rd quarter valued at $64,863,000. Barclays PLC grew its holdings in shares of Northern Trust by 62.4% during the 3rd quarter. Barclays PLC now owns 1,042,084 shares of the asset manager’s stock valued at $140,265,000 after acquiring an additional 400,247 shares in the last quarter. Finally, SG Americas Securities LLC grew its holdings in shares of Northern Trust by 228.0% during the 3rd quarter. SG Americas Securities LLC now owns 75,829 shares of the asset manager’s stock valued at $10,207,000 after acquiring an additional 52,711 shares in the last quarter. Institutional investors and hedge funds own 83.19% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on NTRS. TD Cowen increased their price objective on Northern Trust from $165.00 to $175.00 and gave the stock a “buy” rating in a report on Monday, January 26th. Zacks Research upgraded Northern Trust from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 23rd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Northern Trust in a research report on Thursday, January 22nd. The Goldman Sachs Group lifted their price target on Northern Trust from $130.00 to $148.00 and gave the company a “sell” rating in a report on Wednesday, January 28th. Finally, Barclays boosted their price target on Northern Trust from $136.00 to $160.00 and gave the company an “equal weight” rating in a research note on Monday, January 5th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, seven have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $148.75.

Northern Trust Trading Up 0.2%

Northern Trust stock opened at $136.79 on Wednesday. Northern Trust Corporation has a one year low of $81.62 and a one year high of $157.60. The company’s fifty day moving average price is $145.37 and its two-hundred day moving average price is $136.44. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.69 and a quick ratio of 0.69. The company has a market capitalization of $25.35 billion, a price-to-earnings ratio of 15.65, a PEG ratio of 1.08 and a beta of 1.27.

Northern Trust (NASDAQ:NTRS) last released its quarterly 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%.The business’s revenue was up 8.4% compared to the same quarter last year. During the same quarter last year, the company posted $2.26 EPS. On average, analysts forecast that Northern Trust Corporation will post 8.27 earnings per share for the current fiscal year.

Northern Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Friday, March 6th will be given a dividend of $0.80 per share. The ex-dividend date of this dividend is Friday, March 6th. This represents a $3.20 dividend on an annualized basis and a yield of 2.3%. Northern Trust’s dividend payout ratio is presently 36.61%.

Insider Activity

In other news, Director Richard Petrino acquired 1,000 shares of Northern Trust stock in a transaction dated Thursday, February 5th. The stock was acquired at an average cost of $148.91 per share, for a total transaction of $148,910.00. Following the completion of the purchase, the director owned 3,332 shares of the company’s stock, valued at $496,168.12. This represents a 42.88% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Robert Edward Jr. Moritz acquired 245 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The shares were purchased at an average cost of $151.85 per share, with a total value of $37,203.25. Following the completion of the acquisition, the director owned 6,931 shares in the company, valued at $1,052,472.35. This trade represents a 3.66% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders have sold 34,905 shares of company stock valued at $5,166,714. Insiders own 0.77% of the company’s stock.

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.