LSV Asset Management Sells 12,239 Shares of Northern Trust Corporation $NTRS

LSV Asset Management lessened its holdings in shares of Northern Trust Corporation (NASDAQ:NTRS) by 1.5% in the fourth quarter, HoldingsChannel.com reports. The fund owned 782,351 shares of the asset manager’s stock after selling 12,239 shares during the period. LSV Asset Management’s holdings in Northern Trust were worth $106,861,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Van Hulzen Asset Management LLC boosted its position in shares of Northern Trust by 1.9% during the 4th quarter. Van Hulzen Asset Management LLC now owns 34,522 shares of the asset manager’s stock valued at $4,715,000 after acquiring an additional 660 shares during the last quarter. Global Retirement Partners LLC lifted its position in Northern Trust by 403.4% in the 4th quarter. Global Retirement Partners LLC now owns 881 shares of the asset manager’s stock worth $120,000 after buying an additional 706 shares during the last quarter. Mach 1 Financial Group LLC bought a new stake in Northern Trust in the 4th quarter worth approximately $651,000. Algebris UK Ltd. bought a new stake in Northern Trust in the 4th quarter worth approximately $24,594,000. Finally, CWS Financial Advisors LLC lifted its position in Northern Trust by 40.0% in the 4th quarter. CWS Financial Advisors LLC now owns 3,920 shares of the asset manager’s stock worth $535,000 after buying an additional 1,120 shares during the last quarter. Institutional investors own 83.19% of the company’s stock.

Northern Trust Price Performance

Shares of Northern Trust stock opened at $167.77 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.62 and a quick ratio of 0.62. The business’s 50 day simple moving average is $153.16 and its two-hundred day simple moving average is $144.52. The stock has a market capitalization of $31.05 billion, a P/E ratio of 17.57, a price-to-earnings-growth ratio of 1.20 and a beta of 1.27. Northern Trust Corporation has a one year low of $104.09 and a one year high of $173.18.

Northern Trust (NASDAQ:NTRS) last announced its quarterly earnings results on Tuesday, April 21st. The asset manager reported $2.71 EPS for the quarter, topping analysts’ consensus estimates of $2.37 by $0.34. The business had revenue of $2.21 billion for the quarter, compared to analysts’ expectations of $2.13 billion. Northern Trust had a return on equity of 15.94% and a net margin of 12.84%.The business’s quarterly revenue was up 13.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.90 EPS. Analysts forecast that Northern Trust Corporation will post 10.68 EPS for the current year.

Northern Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Friday, June 5th will be paid a dividend of $0.80 per share. The ex-dividend date of this dividend is Friday, June 5th. This represents a $3.20 annualized dividend and a dividend yield of 1.9%. Northern Trust’s payout ratio is 33.51%.

Insiders Place Their Bets

In other news, insider Guy Gibson sold 3,009 shares of the business’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 transaction, the insider directly 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert Edward Jr. Moritz bought 225 shares of Northern Trust stock in a transaction dated Friday, May 1st. The shares were acquired at an average cost of $166.41 per share, for a total transaction of $37,442.25. Following the completion of the purchase, the director directly owned 8,145 shares of the company’s stock, valued at approximately $1,355,409.45. This trade represents a 2.84% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders sold a total of 30,514 shares of company stock valued at $4,890,937 over the last three months. 0.66% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. Royal Bank Of Canada boosted their target price on Northern Trust from $159.00 to $178.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 22nd. Zacks Research upgraded Northern Trust from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. TD Cowen boosted their target price on Northern Trust from $165.00 to $175.00 and gave the stock a “buy” rating in a research report on Monday, January 26th. Citigroup assumed coverage on Northern Trust in a research report on Monday, February 23rd. They issued a “neutral” rating for the company. Finally, The Goldman Sachs Group boosted their target price on Northern Trust from $151.00 to $169.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 22nd. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $164.08.

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.