OMERS ADMINISTRATION Corp Increases Stock Holdings in Northern Trust Corporation $NTRS

OMERS ADMINISTRATION Corp lifted its position in shares of Northern Trust Corporation (NASDAQ:NTRS) by 15.0% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 27,483 shares of the asset manager’s stock after buying an additional 3,587 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in Northern Trust were worth $3,836,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Empowered Funds LLC grew its stake in Northern Trust by 13.3% in the 1st quarter. Empowered Funds LLC now owns 20,112 shares of the asset manager’s stock valued at $1,984,000 after acquiring an additional 2,363 shares during the last quarter. Woodline Partners LP raised its position in Northern Trust by 39.1% during the first quarter. Woodline Partners LP now owns 16,557 shares of the asset manager’s stock worth $1,633,000 after acquiring an additional 4,653 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in Northern Trust by 79.0% during the second quarter. EverSource Wealth Advisors LLC now owns 1,350 shares of the asset manager’s stock worth $171,000 after acquiring an additional 596 shares during the last quarter. WINTON GROUP Ltd purchased a new stake in shares of Northern Trust in the second quarter valued at about $267,000. Finally, Daiwa Securities Group Inc. grew its position in shares of Northern Trust by 4.6% in the second quarter. Daiwa Securities Group Inc. now owns 29,290 shares of the asset manager’s stock valued at $3,714,000 after purchasing an additional 1,275 shares during the last quarter. 83.19% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Robert Edward Jr. Moritz acquired 225 shares of the company’s stock in a transaction dated Friday, May 1st. The stock was bought at an average price of $166.41 per share, with a total value of $37,442.25. Following the purchase, the director directly owned 8,145 shares in the company, valued at $1,355,409.45. The trade was a 2.84% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.66% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms recently issued reports on NTRS. UBS Group set a $186.00 target price on Northern Trust in a research note on Friday, June 26th. JPMorgan Chase & Co. upped their price objective on Northern Trust from $170.00 to $179.50 and gave the company a “neutral” rating in a research report on Monday, July 6th. Royal Bank Of Canada lowered Northern Trust from an “outperform” rating to a “sector perform” rating and set a $178.00 price objective on the stock. in a research note on Wednesday, July 22nd. BMO Capital Markets raised shares of Northern Trust from a “market perform” rating to an “outperform” rating and set a $168.00 target price for the company in a research note on Monday, April 6th. Finally, Keefe, Bruyette & Woods upped their target price on shares of Northern Trust from $157.00 to $175.00 and gave the company an “underperform” rating in a report on Thursday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $180.25.

Northern Trust Trading Up 1.1%

Shares of Northern Trust stock opened at $182.52 on Tuesday. Northern Trust Corporation has a fifty-two week low of $121.12 and a fifty-two week high of $191.60. The business’s fifty day moving average is $175.15 and its two-hundred day moving average is $158.24. The company has a quick ratio of 0.62, a current ratio of 0.65 and a debt-to-equity ratio of 0.43. The firm has a market cap of $33.77 billion, a PE ratio of 15.67, a P/E/G ratio of 1.14 and a beta of 1.25.

Northern Trust Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Friday, September 4th will be given a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 1.9%. This is a boost from Northern Trust’s previous quarterly dividend of $0.80. The ex-dividend date is Friday, September 4th. Northern Trust’s dividend payout ratio (DPR) is currently 30.21%.

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.