Vestor Capital LLC Purchases 3,685 Shares of Northern Trust Corporation $NTRS

Vestor Capital LLC boosted its position in shares of Northern Trust Corporation (NASDAQ:NTRS) by 131.1% during the 1st quarter, HoldingsChannel.com reports. The firm owned 6,496 shares of the asset manager’s stock after purchasing an additional 3,685 shares during the period. Vestor Capital LLC’s holdings in Northern Trust were worth $907,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of NTRS. Reflection Asset Management purchased a new position in Northern Trust in the fourth quarter worth about $25,000. Triumph Capital Management purchased a new stake in shares of Northern Trust during the third quarter valued at approximately $25,000. Elyxium Wealth LLC bought a new stake in shares of Northern Trust during the fourth quarter valued at approximately $34,000. International Assets Investment Management LLC bought a new stake in shares of Northern Trust during the fourth quarter valued at approximately $35,000. Finally, Transamerica Financial Advisors LLC raised its holdings in Northern Trust by 54.1% in the 4th quarter. Transamerica Financial Advisors LLC now owns 265 shares of the asset manager’s stock worth $36,000 after acquiring an additional 93 shares during the last quarter. 83.19% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on NTRS. UBS Group set a $186.00 target price on Northern Trust in a research note on Friday, June 26th. Bank of America boosted their price target on Northern Trust from $190.00 to $200.00 and gave the stock a “buy” rating in a research note on Tuesday, July 7th. Wells Fargo & Company upped their price target on Northern Trust from $189.00 to $194.00 and gave the company an “equal weight” rating in a report on Thursday, July 23rd. Keefe, Bruyette & Woods increased their price objective on Northern Trust from $157.00 to $175.00 and gave the company an “underperform” rating in a research report on Thursday, July 9th. Finally, Zacks Research upgraded Northern Trust from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 12th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Northern Trust currently has an average rating of “Hold” and an average target price of $180.25.

Northern Trust Trading Up 2.7%

Shares of NTRS stock opened at $182.51 on Friday. The company has a current ratio of 0.65, a quick ratio of 0.62 and a debt-to-equity ratio of 0.43. Northern Trust Corporation has a 12-month low of $121.12 and a 12-month high of $191.60. The stock has a market capitalization of $33.77 billion, a P/E ratio of 15.67, a P/E/G ratio of 1.00 and a beta of 1.25. The firm’s 50 day moving average is $176.01 and its 200 day moving average is $159.01.

Northern Trust Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Friday, September 4th will be issued a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Friday, September 4th. This is a positive change from Northern Trust’s previous quarterly dividend of $0.80. Northern Trust’s payout ratio is currently 30.21%.

Insider Activity

In other news, Director Robert Edward Jr. Moritz purchased 255 shares of the company’s stock in a transaction dated Wednesday, July 29th. The shares were purchased at an average cost of $179.57 per share, for a total transaction of $45,790.35. Following the purchase, the director directly owned 8,400 shares in the company, valued at approximately $1,508,388. This represents a 3.13% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.66% of the stock is currently owned by company insiders.

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.