4,311 Shares in Northern Trust Corporation $NTRS Bought by Groupama Asset Managment

Groupama Asset Managment acquired a new stake in Northern Trust Corporation (NASDAQ:NTRS) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 4,311 shares of the asset manager’s stock, valued at approximately $580,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Triumph Capital Management acquired a new position in shares of Northern Trust during the 3rd quarter worth about $25,000. AlphaCore Capital LLC raised its position in shares of Northern Trust by 87.4% in the 2nd quarter. AlphaCore Capital LLC now owns 208 shares of the asset manager’s stock valued at $27,000 after acquiring an additional 97 shares during the period. Caldwell Trust Co bought a new position in Northern Trust during the 2nd quarter worth approximately $48,000. SJS Investment Consulting Inc. boosted 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 worth $52,000 after acquiring an additional 371 shares during the last quarter. Finally, CYBER HORNET ETFs LLC acquired a new position in Northern Trust during the second quarter valued at approximately $67,000. Institutional investors own 83.19% of the company’s stock.

Northern Trust Price Performance

NASDAQ:NTRS opened at $135.74 on Friday. Northern Trust Corporation has a 52-week low of $81.62 and a 52-week high of $157.60. The company has a market cap of $25.16 billion, a P/E ratio of 15.53, a P/E/G ratio of 1.07 and a beta of 1.27. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.69 and a current ratio of 0.69. The stock’s 50-day simple moving average is $144.84 and its 200 day simple moving average is $136.46.

Northern Trust (NASDAQ:NTRS) last issued its quarterly 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. The firm had revenue of $3.15 billion during the quarter. Northern Trust had a return on equity of 14.87% and a net margin of 12.15%.The business’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same period last year, the company posted $2.26 earnings per share. As a group, sell-side analysts forecast that Northern Trust Corporation will post 8.27 EPS for the current fiscal year.

Northern Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Friday, March 6th will be issued a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Friday, March 6th. Northern Trust’s dividend payout ratio is presently 36.61%.

Analysts Set New Price Targets

Several brokerages have commented on NTRS. The Goldman Sachs Group upped their target price on shares of Northern Trust from $130.00 to $148.00 and gave the company 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. Evercore upped their price objective on shares of Northern Trust from $142.00 to $155.00 and gave the company an “in-line” rating in a research report on Friday, January 23rd. TD Cowen raised their price objective on Northern Trust from $165.00 to $175.00 and gave the stock a “buy” rating in a research note on Monday, January 26th. Finally, Wells Fargo & Company lifted their target price on Northern Trust from $145.00 to $150.00 and gave the stock an “equal weight” rating in a report on Friday, January 23rd. One investment 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, the stock has a consensus rating of “Hold” and an average price target of $148.75.

Insider Buying and Selling

In other news, Director Robert Edward Jr. Moritz bought 245 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The stock was acquired at an average cost of $151.85 per share, with a total value of $37,203.25. Following the completion of the purchase, the director owned 6,931 shares of the company’s stock, valued at $1,052,472.35. This represents a 3.66% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO David W. Fox, Jr. sold 3,255 shares of the business’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $143.89, for a total transaction of $468,361.95. Following the transaction, the chief financial officer owned 14,552 shares in the company, valued at approximately $2,093,887.28. The trade was a 18.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 34,905 shares of company stock worth $5,166,714 in the last quarter. 0.77% of the stock is owned by company insiders.

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.