Northern Trust Corporation $NTRS Shares Bought by Signal Advisors Wealth LLC

Signal Advisors Wealth LLC boosted its stake in shares of Northern Trust Corporation (NASDAQ:NTRS) by 646.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 11,377 shares of the asset manager’s stock after purchasing an additional 9,853 shares during the period. Signal Advisors Wealth LLC’s holdings in Northern Trust were worth $1,588,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Triumph Capital Management acquired a new stake in shares of Northern Trust during the third quarter worth $25,000. Reflection Asset Management purchased a new position in Northern Trust in the 4th quarter worth $25,000. Board of the Pension Protection Fund purchased a new position in Northern Trust in the 4th quarter worth $27,000. Elyxium Wealth LLC acquired a new stake in Northern Trust during the 4th quarter worth about $34,000. Finally, International Assets Investment Management LLC purchased a new stake in Northern Trust during the 4th quarter valued at about $35,000. Hedge funds and other institutional investors own 83.19% of the company’s stock.

Insiders Place Their Bets

In other Northern Trust news, CFO David W. Fox, Jr. sold 19,987 shares of the stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $166.16, for a total transaction of $3,321,039.92. Following the transaction, the chief financial officer owned 18,588 shares in the company, valued at approximately $3,088,582.08. This represents a 51.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Robert Edward Jr. Moritz acquired 225 shares of the company’s stock in a transaction on Friday, May 1st. The stock was acquired at an average cost 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 of the company’s stock, valued at $1,355,409.45. This trade represents a 2.84% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders sold 22,800 shares of company stock worth $3,785,251. Company insiders own 0.66% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Truist Financial raised their price objective on Northern Trust from $155.00 to $176.00 and gave the stock a “hold” rating in a research note on Wednesday, April 22nd. Zacks Research upgraded shares of Northern Trust from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 12th. The Goldman Sachs Group raised their price target on shares of Northern Trust from $151.00 to $169.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 22nd. Weiss Ratings upgraded shares of Northern Trust from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 4th. Finally, Barclays increased their price objective on shares of Northern Trust from $160.00 to $176.00 and gave the stock 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 issued a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $164.08.

Northern Trust Stock Up 0.4%

Shares of NTRS stock opened at $176.26 on Wednesday. Northern Trust Corporation has a twelve month low of $117.76 and a twelve month high of $177.78. The stock has a market cap of $32.62 billion, a P/E ratio of 18.46, a P/E/G ratio of 1.26 and a beta of 1.25. The stock has a 50 day moving average of $166.51 and a 200 day moving average of $151.14. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.51.

Northern Trust (NASDAQ:NTRS) last released its quarterly earnings data on Tuesday, April 21st. The asset manager reported $2.71 EPS for the quarter, topping the consensus estimate of $2.37 by $0.34. The business had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.13 billion. Northern Trust had a return on equity of 15.94% and a net margin of 12.84%.The business’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.90 EPS. As a group, sell-side analysts expect that Northern Trust Corporation will post 10.68 EPS for the current year.

Northern Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Friday, June 5th will be issued a $0.80 dividend. The ex-dividend date of this dividend is Friday, June 5th. This represents a $3.20 dividend on an annualized basis and a yield of 1.8%. Northern Trust’s payout ratio is presently 33.51%.

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.