NewSquare Capital LLC Has $1.18 Million Holdings in Northern Trust Corporation $NTRS

NewSquare Capital LLC grew its stake in shares of Northern Trust Corporation (NASDAQ:NTRS) by 11,013.9% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 8,780 shares of the asset manager’s stock after acquiring an additional 8,701 shares during the period. NewSquare Capital LLC’s holdings in Northern Trust were worth $1,182,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in NTRS. Hantz Financial Services Inc. grew its stake in shares of Northern Trust by 5,225.0% in the second quarter. Hantz Financial Services Inc. now owns 213 shares of the asset manager’s stock worth $27,000 after purchasing an additional 209 shares during the last quarter. AlphaCore Capital LLC lifted its stake in shares of Northern Trust by 87.4% in the second quarter. AlphaCore Capital LLC now owns 208 shares of the asset manager’s stock worth $27,000 after acquiring an additional 97 shares during the period. Clearstead Trust LLC acquired a new stake in Northern Trust during the 2nd quarter valued at approximately $29,000. Caldwell Trust Co acquired a new stake in Northern Trust during the 2nd quarter valued at approximately $48,000. Finally, SJS Investment Consulting Inc. raised its stake in Northern Trust by 2,650.0% during the third quarter. SJS Investment Consulting Inc. now owns 385 shares of the asset manager’s stock worth $52,000 after buying an additional 371 shares during the last quarter. Institutional investors and hedge funds own 83.19% of the company’s stock.

Insider Activity

In other news, Director Richard Petrino purchased 1,000 shares of the company’s stock in a transaction on Thursday, February 5th. The stock was acquired at an average price of $148.91 per share, with a total value of $148,910.00. Following the transaction, the director directly owned 3,332 shares of the company’s stock, valued at approximately $496,168.12. This represents a 42.88% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert Edward Jr. Moritz acquired 245 shares of the firm’s stock in a transaction on Monday, February 2nd. The stock was purchased at an average price of $151.85 per share, for a total transaction of $37,203.25. Following the transaction, the director directly owned 6,931 shares of the company’s stock, valued at approximately $1,052,472.35. This trade represents a 3.66% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders have sold 31,896 shares of company stock valued at $4,738,262. Corporate insiders own 0.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on NTRS shares. The Goldman Sachs Group increased their target price on shares of Northern Trust from $130.00 to $148.00 and gave the stock a “sell” rating in a research note on Wednesday, January 28th. Morgan Stanley raised their price objective on Northern Trust from $131.00 to $140.00 and gave the company an “underweight” rating in a research note on Friday, January 23rd. Evercore upped their target price on Northern Trust from $142.00 to $155.00 and gave the company an “in-line” rating in a report on Friday, January 23rd. Wall Street Zen upgraded shares of Northern Trust from a “sell” rating to a “hold” rating in a report on Saturday, December 27th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Northern Trust in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, Northern Trust presently has an average rating of “Hold” and a consensus target price of $148.75.

Northern Trust Stock Down 1.1%

Shares of NASDAQ NTRS opened at $143.50 on Friday. The stock has a market capitalization of $26.67 billion, a P/E ratio of 16.42, a PEG ratio of 1.16 and a beta of 1.27. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.69 and a quick ratio of 0.69. Northern Trust Corporation has a one year low of $81.62 and a one year high of $157.60. The firm’s 50 day simple moving average is $145.67 and its two-hundred day simple moving average is $135.89.

Northern Trust (NASDAQ:NTRS) last released its earnings results on Friday, January 30th. The asset manager reported $2.42 EPS for the quarter, beating the consensus estimate of $2.37 by $0.05. Northern Trust had a net margin of 12.15% and a return on equity of 14.87%. The company had revenue of $3.15 billion for the quarter. During the same period in the prior year, the business posted $2.26 EPS. Northern Trust’s revenue for the quarter was up 8.4% on a year-over-year basis. As a group, analysts expect that Northern Trust Corporation will post 8.27 EPS for the current fiscal year.

Northern Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Friday, March 6th will be paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Friday, March 6th. Northern Trust’s payout ratio is 36.61%.

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.