1,582 Shares in Northern Trust Corporation $NTRS Acquired by Stonehearth Capital Management LLC

Stonehearth Capital Management LLC bought a new position in shares of Northern Trust Corporation (NASDAQ:NTRS) during the second quarter, Holdings Channel.com reports. The fund bought 1,582 shares of the asset manager’s stock, valued at approximately $201,000.

A number of other institutional investors have also made changes to their positions in NTRS. Focus Partners Wealth increased its holdings in shares of Northern Trust by 10.3% during the 4th quarter. Focus Partners Wealth now owns 21,267 shares of the asset manager’s stock worth $2,180,000 after acquiring an additional 1,990 shares during the last quarter. Janus Henderson Group PLC grew its holdings in Northern Trust by 33.7% in the 4th quarter. Janus Henderson Group PLC now owns 33,779 shares of the asset manager’s stock valued at $3,462,000 after buying an additional 8,522 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Northern Trust by 257.3% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 72,598 shares of the asset manager’s stock valued at $7,441,000 after buying an additional 52,280 shares in the last quarter. NorthRock Partners LLC acquired a new position in Northern Trust in the 4th quarter valued at $356,000. Finally, Nomura Holdings Inc. acquired a new position in Northern Trust in the 4th quarter valued at $669,000. 83.19% of the stock is owned by institutional investors and hedge funds.

Northern Trust Stock Performance

NASDAQ:NTRS opened at $129.42 on Friday. The stock has a fifty day moving average price of $127.95 and a 200-day moving average price of $111.62. The company has a market cap of $24.75 billion, a price-to-earnings ratio of 15.21, a PEG ratio of 1.54 and a beta of 1.30. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.72 and a current ratio of 0.72. Northern Trust Corporation has a fifty-two week low of $81.62 and a fifty-two week high of $133.00.

Northern Trust (NASDAQ:NTRS) last released its earnings results on Wednesday, July 23rd. The asset manager reported $2.13 earnings per share for the quarter, beating analysts’ consensus estimates of $2.08 by $0.05. The firm had revenue of $2 billion during the quarter, compared to the consensus estimate of $1.96 billion. Northern Trust had a return on equity of 14.06% and a net margin of 11.75%.The company’s revenue was down 26.4% compared to the same quarter last year. During the same period in the prior year, the company posted $4.34 EPS. As a group, equities analysts anticipate that Northern Trust Corporation will post 8.27 EPS for the current fiscal year.

Northern Trust Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Friday, September 5th will be given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Friday, September 5th. This is a positive change from Northern Trust’s previous quarterly dividend of $0.75. Northern Trust’s dividend payout ratio is currently 37.60%.

Insider Buying and Selling at Northern Trust

In other Northern Trust news, Director Robert Edward Jr. Moritz acquired 256 shares of the company’s stock in a transaction that occurred on Wednesday, August 13th. The stock was acquired at an average cost of $126.34 per share, for a total transaction of $32,343.04. Following the transaction, the director directly owned 2,525 shares in the company, valued at $319,008.50. This represents a 11.28% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 0.77% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Wall Street Zen lowered Northern Trust from a “hold” rating to a “sell” rating in a report on Saturday, August 16th. Wells Fargo & Company upped their price objective on Northern Trust from $111.00 to $120.00 and gave the company an “equal weight” rating in a report on Thursday, July 24th. Keefe, Bruyette & Woods reaffirmed an “underperform” rating and issued a $118.00 price objective (down from $120.00) on shares of Northern Trust in a report on Thursday, July 24th. Wolfe Research raised Northern Trust from an “underperform” rating to a “peer perform” rating in a report on Thursday, July 24th. Finally, Zacks Research lowered Northern Trust from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Two analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average target price of $119.58.

Northern Trust Company Profile

Northern Trust Corporation, a financial holding company, provides wealth management, asset servicing, asset management, and banking solutions for corporations, institutions, families, and individuals worldwide. It operates in two segments, Asset Servicing and Wealth Management. The Asset Servicing segment offers asset servicing and related services, including custody, fund administration, investment operations outsourcing, investment management, investment risk and analytical services, employee benefit services, securities lending, foreign exchange, treasury management, brokerage services, transition management services, banking, and cash management services.