Vinva Investment Management Ltd Has $14.02 Million Stake in Northern Trust Corporation $NTRS

Vinva Investment Management Ltd raised its stake in Northern Trust Corporation (NASDAQ:NTRS) by 741.3% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 104,738 shares of the asset manager’s stock after buying an additional 92,289 shares during the quarter. Vinva Investment Management Ltd’s holdings in Northern Trust were worth $14,024,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the stock. Hantz Financial Services Inc. boosted its position in shares of Northern Trust by 5,225.0% during the second quarter. Hantz Financial Services Inc. now owns 213 shares of the asset manager’s stock valued at $27,000 after buying an additional 209 shares during the last quarter. AlphaCore Capital LLC grew its holdings in Northern Trust by 87.4% during the second quarter. AlphaCore Capital LLC now owns 208 shares of the asset manager’s stock worth $27,000 after buying an additional 97 shares in the last quarter. Clearstead Trust LLC purchased a new stake in Northern Trust in the 2nd quarter valued at $29,000. Caldwell Trust Co bought a new position in Northern Trust during the 2nd quarter valued at $48,000. Finally, SJS Investment Consulting Inc. lifted its stake in Northern Trust by 2,650.0% during the 3rd quarter. SJS Investment Consulting Inc. now owns 385 shares of the asset manager’s stock valued at $52,000 after acquiring an additional 371 shares in the last quarter. Institutional investors own 83.19% of the company’s stock.

Insider Activity

In other news, COO Peter Cherecwich sold 25,000 shares of the stock in a transaction that occurred on Monday, January 26th. The shares were sold at an average price of $149.62, for a total transaction of $3,740,500.00. Following the completion of the transaction, the chief operating officer directly owned 26,259 shares of the company’s stock, valued at $3,928,871.58. This represents a 48.77% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Guy Gibson sold 3,009 shares of the firm’s stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $142.39, for a total transaction of $428,451.51. Following the sale, the insider owned 29,332 shares of the company’s stock, valued at approximately $4,176,583.48. The trade was a 9.30% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 34,905 shares of company stock worth $5,166,714. 0.77% of the stock is owned by insiders.

Northern Trust Trading Down 3.4%

Shares of Northern Trust stock opened at $138.59 on Friday. The firm has a market cap of $25.75 billion, a PE ratio of 15.86, a P/E/G ratio of 1.11 and a beta of 1.27. Northern Trust Corporation has a 1 year low of $81.62 and a 1 year high of $157.60. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.69 and a quick ratio of 0.69. The stock has a fifty day moving average price of $145.64 and a 200-day moving average price of $136.03.

Northern Trust (NASDAQ:NTRS) last issued its quarterly earnings results on Friday, January 30th. The asset manager reported $2.42 earnings per share for the quarter, topping analysts’ consensus estimates of $2.37 by $0.05. The company had revenue of $3.15 billion for the quarter. Northern Trust had a net margin of 12.15% and a return on equity of 14.87%. Northern Trust’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same period last year, the firm posted $2.26 earnings per share. Equities research analysts anticipate that Northern Trust Corporation will post 8.27 EPS for the current year.

Northern Trust Dividend Announcement

The business also recently announced 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 2.3%. The ex-dividend date is Friday, March 6th. Northern Trust’s payout ratio is presently 36.61%.

Analyst Upgrades and Downgrades

NTRS has been the subject of several recent analyst reports. The Goldman Sachs Group upped 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. Wall Street Zen raised shares of Northern Trust from a “sell” rating to a “hold” rating in a research report on Saturday, December 27th. Weiss Ratings restated a “buy (b-)” rating on shares of Northern Trust in a report on Thursday, January 22nd. Evercore upped their price objective on shares of Northern Trust from $142.00 to $155.00 and gave the stock an “in-line” rating in a research report on Friday, January 23rd. Finally, Wells Fargo & Company increased their price objective on shares of Northern Trust from $145.00 to $150.00 and gave the company an “equal weight” rating in a research note on Friday, January 23rd. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $148.75.

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.