Robert Edward Jr. Moritz Buys 225 Shares of Northern Trust (NASDAQ:NTRS) Stock

Northern Trust Corporation (NASDAQ:NTRS - Get Free Report) Director Robert Edward Jr. Moritz bought 225 shares of the business's stock in a transaction that occurred on Friday, May 1st. The shares were bought at an average cost of $166.41 per share, with a total value of $37,442.25. Following the completion of the purchase, the director directly owned 8,145 shares of the company's stock, valued at $1,355,409.45. This represents a 2.84% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.

Northern Trust Stock Performance

• Quiet BNY and Northern Trust Reward Patient Investors

NTRS opened at $161.24 on Tuesday. The stock has a market capitalization of $29.88 billion, a price-to-earnings ratio of 16.88, a PEG ratio of 1.18 and a beta of 1.27. The company has a fifty day moving average of $147.24 and a 200 day moving average of $141.02. Northern Trust Corporation has a fifty-two week low of $96.28 and a fifty-two week high of $173.18. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.62 and a current ratio of 0.62.

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Northern Trust (NASDAQ:NTRS - Get Free Report) last posted its earnings results on Tuesday, April 21st. The asset manager reported $2.71 earnings per share for the quarter, beating the consensus estimate of $2.37 by $0.34. The company had revenue of $2.21 billion during the quarter, compared to analysts' expectations of $2.13 billion. Northern Trust had a net margin of 12.84% and a return on equity of 15.94%. Northern Trust's quarterly revenue was up 13.8% on a year-over-year basis. During the same period last year, the company posted $1.90 earnings per share. As a group, sell-side analysts forecast that Northern Trust Corporation will post 10.63 earnings per share for the current fiscal year.

Northern Trust Dividend Announcement

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The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Friday, June 5th will be issued a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 2.0%. The ex-dividend date is Friday, June 5th. Northern Trust's dividend payout ratio (DPR) is currently 33.51%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on NTRS shares. BMO Capital Markets upgraded Northern Trust from a "market perform" rating to an "outperform" rating and set a $168.00 price target for the company in a report on Monday, April 6th. TD Cowen raised their price target on Northern Trust from $165.00 to $175.00 and gave the company a "buy" rating in a report on Monday, January 26th. Zacks Research cut Northern Trust from a "strong-buy" rating to a "hold" rating in a report on Friday, April 10th. Royal Bank Of Canada raised their price target on Northern Trust from $159.00 to $178.00 and gave the company an "outperform" rating in a report on Wednesday, April 22nd. Finally, Wells Fargo & Company raised their price target on Northern Trust from $150.00 to $175.00 and gave the company an "equal weight" rating in a report on Wednesday, April 22nd. Four equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $163.55.

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Check Out Our Latest Report on NTRS

Hedge Funds Weigh In On Northern Trust

Institutional investors and hedge funds have recently modified their holdings of the stock. CWM LLC boosted its holdings in shares of Northern Trust by 122.6% in the 4th quarter. CWM LLC now owns 48,284 shares of the asset manager's stock worth $6,595,000 after purchasing an additional 26,594 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Northern Trust by 2.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,947,456 shares of the asset manager's stock worth $262,128,000 after purchasing an additional 40,048 shares during the period. iSAM Funds UK Ltd purchased a new position in shares of Northern Trust in the 3rd quarter worth approximately $2,253,000. Barclays PLC boosted its holdings in shares of Northern Trust by 62.4% in the 3rd quarter. Barclays PLC now owns 1,042,084 shares of the asset manager's stock worth $140,265,000 after purchasing an additional 400,247 shares during the period. Finally, Swiss Life Asset Management Ltd boosted its holdings in shares of Northern Trust by 119.9% in the 3rd quarter. Swiss Life Asset Management Ltd now owns 83,175 shares of the asset manager's stock worth $11,195,000 after purchasing an additional 45,356 shares during the period. Hedge funds and other institutional investors own 83.19% of the company's stock.

Northern Trust Company Profile

(Get Free Report)

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.

Further Reading

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