Vinva Investment Management Ltd Purchases 92,289 Shares of Northern Trust Corporation $NTRS

Vinva Investment Management Ltd lifted its position in shares of Northern Trust Corporation (NASDAQ:NTRS) by 741.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 104,738 shares of the asset manager’s stock after buying an additional 92,289 shares during the quarter. Vinva Investment Management Ltd owned about 0.06% of Northern Trust worth $14,024,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Hantz Financial Services Inc. boosted its position in Northern Trust by 5,225.0% during the second quarter. Hantz Financial Services Inc. now owns 213 shares of the asset manager’s stock valued at $27,000 after acquiring an additional 209 shares during the last quarter. AlphaCore Capital LLC raised its position in shares of Northern Trust by 87.4% in the 2nd quarter. AlphaCore Capital LLC now owns 208 shares of the asset manager’s stock worth $27,000 after acquiring an additional 97 shares in the last quarter. Clearstead Trust LLC acquired a new position in shares of Northern Trust in the 2nd quarter valued at about $29,000. Caldwell Trust Co acquired a new position in shares of Northern Trust in the 2nd quarter valued at about $48,000. Finally, SJS Investment Consulting Inc. boosted its position in shares of Northern Trust by 2,650.0% during the 3rd quarter. SJS Investment Consulting Inc. now owns 385 shares of the asset manager’s stock valued at $52,000 after purchasing an additional 371 shares in the last quarter. Institutional investors own 83.19% of the company’s stock.

Insiders Place Their Bets

In other Northern Trust news, insider Clive Bellows sold 1,148 shares of the business’s stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $145.26, for a total transaction of $166,758.48. Following the completion of the sale, the insider owned 34,133 shares in the company, valued at approximately $4,958,159.58. The trade was a 3.25% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Guy Gibson sold 3,009 shares of the company’s stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $142.39, for a total transaction of $428,451.51. Following the transaction, the insider owned 29,332 shares in the company, valued at approximately $4,176,583.48. The trade was a 9.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 34,905 shares of company stock worth $5,166,714 in the last quarter. Insiders own 0.77% of the company’s stock.

Wall Street Analyst Weigh In

NTRS has been the subject of several recent analyst reports. Evercore raised their target price on Northern Trust from $142.00 to $155.00 and gave the stock an “in-line” rating in a research note on Friday, January 23rd. Morgan Stanley increased their price target on Northern Trust from $131.00 to $140.00 and gave the stock an “underweight” rating in a report on Friday, January 23rd. Zacks Research raised shares of Northern Trust from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 23rd. Truist Financial set a $148.00 price objective on shares of Northern Trust in a research note on Wednesday, January 7th. Finally, The Goldman Sachs Group boosted their target price on shares of Northern Trust from $130.00 to $148.00 and gave the company a “sell” rating in a research report on Wednesday, January 28th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $148.75.

Northern Trust Stock Down 3.4%

NTRS stock opened at $138.59 on Friday. The stock’s 50 day simple moving average is $145.64 and its 200 day simple moving average is $136.03. The company has a market cap of $25.75 billion, a P/E ratio of 15.86, a price-to-earnings-growth ratio of 1.11 and a beta of 1.27. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.69 and a current ratio of 0.69. Northern Trust Corporation has a fifty-two week low of $81.62 and a fifty-two week high of $157.60.

Northern Trust (NASDAQ:NTRS) last announced its quarterly earnings data on Friday, January 30th. The asset manager reported $2.42 EPS for the quarter, beating analysts’ consensus estimates of $2.37 by $0.05. The firm 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 company’s revenue was up 8.4% on a year-over-year basis. During the same period last year, the business posted $2.26 EPS. On average, research analysts expect that Northern Trust Corporation will post 8.27 earnings per share for the current fiscal year.

Northern Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Friday, March 6th will be given a $0.80 dividend. The ex-dividend date of this dividend is Friday, March 6th. This represents a $3.20 annualized dividend and a yield of 2.3%. Northern Trust’s dividend payout ratio (DPR) is presently 36.61%.

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.