3,058 Shares in Northern Trust Corporation $NTRS Acquired by Sivia Capital Partners LLC

Sivia Capital Partners LLC bought a new position in shares of Northern Trust Corporation (NASDAQ:NTRS) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 3,058 shares of the asset manager’s stock, valued at approximately $418,000.

Several other hedge funds have also added to or reduced their stakes in the business. New Age Alpha Advisors LLC raised its holdings in Northern Trust by 4.9% during the 3rd quarter. New Age Alpha Advisors LLC now owns 1,659 shares of the asset manager’s stock worth $223,000 after purchasing an additional 78 shares during the last quarter. Compound Planning Inc. boosted its stake in shares of Northern Trust by 5.1% in the 3rd quarter. Compound Planning Inc. now owns 1,666 shares of the asset manager’s stock valued at $224,000 after purchasing an additional 81 shares during the last quarter. Apollon Wealth Management LLC boosted its stake in shares of Northern Trust by 1.9% in the 4th quarter. Apollon Wealth Management LLC now owns 4,379 shares of the asset manager’s stock valued at $598,000 after purchasing an additional 81 shares during the last quarter. NorthRock Partners LLC boosted its stake in shares of Northern Trust by 2.2% in the 3rd quarter. NorthRock Partners LLC now owns 3,812 shares of the asset manager’s stock valued at $513,000 after purchasing an additional 83 shares during the last quarter. Finally, HighPoint Advisor Group LLC boosted its stake in shares of Northern Trust by 2.3% in the 3rd quarter. HighPoint Advisor Group LLC now owns 3,717 shares of the asset manager’s stock valued at $500,000 after purchasing an additional 84 shares during the last quarter. 83.19% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on NTRS. Citigroup began coverage on shares of Northern Trust in a research note on Monday, February 23rd. They issued a “neutral” rating on the stock. Barclays upped their price objective on shares of Northern Trust from $160.00 to $176.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 22nd. JPMorgan Chase & Co. upped their price objective on shares of Northern Trust from $153.50 to $170.00 and gave the company a “neutral” rating in a research note on Monday, May 11th. Zacks Research raised shares of Northern Trust from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. Finally, Wells Fargo & Company upped their price objective on shares of Northern Trust from $150.00 to $175.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 22nd. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $164.08.

Insider Buying and Selling

In related news, CFO David W. Fox, Jr. sold 19,987 shares of the stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $166.16, for a total value of $3,321,039.92. Following the transaction, the chief financial officer directly owned 18,588 shares in the company, valued at $3,088,582.08. This trade represents a 51.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Robert Edward Jr. Moritz bought 225 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The stock was purchased at an average price of $166.41 per share, for a total transaction of $37,442.25. Following the completion of the acquisition, the director owned 8,145 shares in the company, valued at $1,355,409.45. This represents a 2.84% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have sold a total of 22,800 shares of company stock worth $3,785,251 in the last ninety days. Corporate insiders own 0.66% of the company’s stock.

Northern Trust Price Performance

Shares of NTRS opened at $170.47 on Friday. Northern Trust Corporation has a 12-month low of $106.86 and a 12-month high of $173.66. The business’s fifty day moving average is $159.53 and its 200 day moving average is $147.30. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.51. The stock has a market cap of $31.55 billion, a P/E ratio of 17.85, a P/E/G ratio of 1.24 and a beta of 1.25.

Northern Trust (NASDAQ:NTRS) last issued its earnings results on Tuesday, April 21st. The asset manager reported $2.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.37 by $0.34. Northern Trust had a return on equity of 15.94% and a net margin of 12.84%.The company had revenue of $2.21 billion for the quarter, compared to analysts’ expectations of $2.13 billion. During the same period last year, the business earned $1.90 EPS. Northern Trust’s quarterly revenue was up 13.8% compared to the same quarter last year. Sell-side analysts anticipate that Northern Trust Corporation will post 10.68 earnings per share for the current fiscal year.

Northern Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Friday, June 5th will be issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Friday, June 5th. Northern Trust’s dividend payout ratio (DPR) is currently 33.51%.

About Northern Trust

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.