MASTERINVEST Kapitalanlage GmbH Makes New Investment in Northern Trust Corporation $NTRS

MASTERINVEST Kapitalanlage GmbH bought a new position in shares of Northern Trust Corporation (NASDAQ:NTRS) during the 2nd quarter, Holdings Channel.com reports. The fund bought 5,996 shares of the asset manager’s stock, valued at approximately $760,000.

Several other institutional investors have also made changes to their positions in NTRS. Public Sector Pension Investment Board raised its holdings in Northern Trust by 1.8% in the 1st quarter. Public Sector Pension Investment Board now owns 52,365 shares of the asset manager’s stock valued at $5,166,000 after acquiring an additional 951 shares in the last quarter. HighTower Advisors LLC increased its position in shares of Northern Trust by 1.0% in the first quarter. HighTower Advisors LLC now owns 58,939 shares of the asset manager’s stock worth $5,814,000 after purchasing an additional 582 shares during the period. Caitong International Asset Management Co. Ltd acquired a new position in Northern Trust in the first quarter valued at about $43,000. Kovitz Investment Group Partners LLC lifted its position in Northern Trust by 12.2% during the first quarter. Kovitz Investment Group Partners LLC now owns 15,031 shares of the asset manager’s stock worth $1,483,000 after purchasing an additional 1,630 shares during the period. Finally, Brandywine Global Investment Management LLC grew its stake in Northern Trust by 10.8% during the first quarter. Brandywine Global Investment Management LLC now owns 118,433 shares of the asset manager’s stock worth $11,683,000 after buying an additional 11,588 shares in the last quarter. 83.19% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Robert Edward Jr. Moritz acquired 3,891 shares of the stock in a transaction dated Tuesday, November 4th. The stock was bought at an average cost of $128.57 per share, for a total transaction of $500,265.87. Following the completion of the transaction, the director directly owned 6,686 shares of the company’s stock, valued at $859,619.02. The trade was a 139.21% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Susan Cohen Levy sold 27,591 shares of Northern Trust stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $128.13, for a total value of $3,535,234.83. Following the completion of the transaction, the executive vice president directly owned 48,257 shares in the company, valued at approximately $6,183,169.41. This represents a 36.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.77% of the company’s stock.

Northern Trust Trading Down 1.1%

NTRS opened at $138.52 on Monday. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.70 and a quick ratio of 0.70. Northern Trust Corporation has a fifty-two week low of $81.62 and a fifty-two week high of $140.75. The company’s 50 day moving average price is $129.37 and its two-hundred day moving average price is $126.38. The firm has a market capitalization of $26.20 billion, a price-to-earnings ratio of 16.14, a PEG ratio of 1.49 and a beta of 1.27.

Northern Trust (NASDAQ:NTRS) last released its quarterly earnings results on Wednesday, October 22nd. The asset manager reported $2.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.26 by $0.03. Northern Trust had a net margin of 11.99% and a return on equity of 14.37%. The firm had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $2.02 billion. During the same quarter last year, the firm earned $2.22 earnings per share. The company’s revenue for the quarter was up 2.8% on a year-over-year basis. As a group, research analysts predict that Northern Trust Corporation will post 8.27 earnings per share for the current year.

Northern Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 1st. Shareholders of record on Friday, December 5th will be issued a dividend of $0.80 per share. The ex-dividend date of this dividend is Friday, December 5th. This represents a $3.20 annualized dividend and a yield of 2.3%. Northern Trust’s payout ratio is presently 37.30%.

Analyst Ratings Changes

A number of analysts have recently weighed in on NTRS shares. The Goldman Sachs Group set a $135.00 price target on shares of Northern Trust in a report on Tuesday, September 30th. Weiss Ratings restated a “buy (b-)” rating on shares of Northern Trust in a research note on Wednesday, October 8th. Truist Financial decreased their price target on Northern Trust from $142.00 to $139.00 and set a “hold” rating on the stock in a research note on Thursday, October 23rd. Morgan Stanley increased their price objective on shares of Northern Trust from $110.00 to $131.00 and gave the company an “underweight” rating in a research note on Monday, September 29th. Finally, Wells Fargo & Company boosted their target price on shares of Northern Trust from $127.00 to $131.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 23rd. Five research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $132.46.

About Northern Trust

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.