11,026 Shares in Northern Trust Corporation $NTRS Acquired by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. acquired a new stake in Northern Trust Corporation (NASDAQ:NTRS) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 11,026 shares of the asset manager’s stock, valued at approximately $1,917,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Public Employees Retirement System of Ohio bought a new stake in shares of Northern Trust during the 2nd quarter worth about $10,474,000. MASTERINVEST Kapitalanlage GmbH acquired a new stake in Northern Trust in the 2nd quarter worth approximately $870,000. Almitas Capital LLC bought a new stake in Northern Trust during the second quarter worth approximately $417,000. Proficio Capital Partners LLC bought a new stake in Northern Trust during the second quarter worth approximately $293,000. Finally, Pure Financial Advisors LLC acquired a new position in Northern Trust during the second quarter valued at approximately $266,000. 83.19% of the stock is currently owned by hedge funds and other institutional investors.

Northern Trust Stock Performance

Shares of NASDAQ NTRS opened at $186.79 on Friday. The firm has a market capitalization of $34.18 billion, a price-to-earnings ratio of 16.03, a PEG ratio of 1.05 and a beta of 1.25. Northern Trust Corporation has a one year low of $121.12 and a one year high of $195.78. The business has a fifty day simple moving average of $182.86 and a 200 day simple moving average of $164.55. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.43.

Northern Trust (NASDAQ:NTRS) last announced its quarterly earnings results on Wednesday, July 22nd. The asset manager reported $4.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.71 by $1.52. The firm had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.69 billion. Northern Trust had a net margin of 14.76% and a return on equity of 16.91%. The business’s revenue for the quarter was up 35.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.13 EPS. Sell-side analysts expect that Northern Trust Corporation will post 11.59 EPS for the current year.

Northern Trust Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Friday, September 4th will be given a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 1.9%. This is a boost from Northern Trust’s previous quarterly dividend of $0.80. The ex-dividend date of this dividend is Friday, September 4th. Northern Trust’s dividend payout ratio (DPR) is currently 27.47%.

Insider Transactions at Northern Trust

In other Northern Trust news, Director Robert Edward Jr. Moritz purchased 255 shares of the business’s stock in a transaction on Wednesday, July 29th. The stock was purchased at an average price of $179.57 per share, for a total transaction of $45,790.35. Following the completion of the purchase, the director directly owned 8,400 shares in the company, valued at approximately $1,508,388. This trade represents a 3.13% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Thomas A. South sold 1,800 shares of the company’s stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $184.90, for a total value of $332,820.00. Following the completion of the sale, the executive vice president owned 92,917 shares in the company, valued at approximately $17,180,353.30. This represents a 1.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.66% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on NTRS shares. JPMorgan Chase & Co. upped their price objective on shares of Northern Trust from $179.50 to $185.50 and gave the stock a “neutral” rating in a report on Tuesday, August 4th. Bank of America upped their price target on shares of Northern Trust from $190.00 to $200.00 and gave the company a “buy” rating in a report on Tuesday, July 7th. UBS Group set a $186.00 price target on Northern Trust in a research report on Friday, June 26th. Zacks Research lowered Northern Trust from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 25th. Finally, Royal Bank Of Canada downgraded Northern Trust from an “outperform” rating to a “sector perform” rating and set a $178.00 target price for the company. in a research note on Wednesday, July 22nd. Four research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Northern Trust currently has an average rating of “Hold” and an average price target of $180.68.

Northern Trust 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.