2,961 Shares in Northern Trust Corporation $NTRS Acquired by Cauble & Harre Wealth Management Inc.

Cauble & Harre Wealth Management Inc. bought a new position in shares of Northern Trust Corporation (NASDAQ:NTRS) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,961 shares of the asset manager’s stock, valued at approximately $517,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. V Square Quantitative Management LLC lifted its stake in shares of Northern Trust by 1.3% in the 1st quarter. V Square Quantitative Management LLC now owns 4,793 shares of the asset manager’s stock valued at $669,000 after purchasing an additional 61 shares during the last quarter. CWS Financial Advisors LLC raised its holdings in Northern Trust by 2.0% in the 1st quarter. CWS Financial Advisors LLC now owns 3,997 shares of the asset manager’s stock valued at $558,000 after buying an additional 77 shares during the period. SJS Investment Consulting Inc. raised its holdings in Northern Trust by 16.5% in the 1st quarter. SJS Investment Consulting Inc. now owns 559 shares of the asset manager’s stock valued at $78,000 after buying an additional 79 shares during the period. Compound Planning Inc. lifted its position in Northern Trust by 4.7% in the first quarter. Compound Planning Inc. now owns 1,770 shares of the asset manager’s stock valued at $247,000 after buying an additional 79 shares during the last quarter. Finally, OLD National Bancorp IN lifted its position in Northern Trust by 3.2% in the first quarter. OLD National Bancorp IN now owns 2,663 shares of the asset manager’s stock valued at $372,000 after buying an additional 83 shares during the last quarter. Hedge funds and other institutional investors own 83.19% of the company’s stock.

Insiders Place Their Bets

In other Northern Trust news, Director Robert Edward Jr. Moritz bought 255 shares of Northern Trust stock in a transaction on Wednesday, July 29th. The shares were bought at an average cost of $179.57 per share, for a total transaction of $45,790.35. Following the acquisition, the director directly owned 8,400 shares in the company, valued at $1,508,388. This represents a 3.13% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.66% of the stock is currently owned by insiders.

Northern Trust Stock Performance

NASDAQ NTRS opened at $183.90 on Friday. The company has a market cap of $33.65 billion, a P/E ratio of 15.79, a P/E/G ratio of 1.03 and a beta of 1.25. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.65 and a quick ratio of 0.65. The stock has a 50-day moving average of $181.52 and a two-hundred day moving average of $163.27. Northern Trust Corporation has a 1-year low of $121.12 and a 1-year high of $195.78.

Northern Trust (NASDAQ:NTRS) last issued its quarterly earnings results on Wednesday, July 22nd. The asset manager reported $4.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.71 by $1.52. The company had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.69 billion. Northern Trust had a net margin of 14.76% and a return on equity of 16.91%. The business’s revenue for the quarter was up 35.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.13 earnings per share. As a group, analysts anticipate that Northern Trust Corporation will post 11.59 EPS for the current year.

Northern Trust Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Friday, September 4th will be paid a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Friday, September 4th. This is an increase from Northern Trust’s previous quarterly dividend of $0.80. Northern Trust’s payout ratio is currently 27.47%.

Analyst Ratings Changes

NTRS has been the subject of a number of recent analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Northern Trust in a research report on Friday, July 31st. Evercore set a $179.00 price objective on shares of Northern Trust in a report on Monday, July 6th. Royal Bank Of Canada cut shares of Northern Trust from an “outperform” rating to a “sector perform” rating and set a $178.00 price objective for the company. in a research report on Wednesday, July 22nd. Zacks Research upgraded shares of Northern Trust from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 12th. Finally, UBS Group set a $186.00 target price on Northern Trust in a research report on Friday, June 26th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Northern Trust presently has a consensus rating of “Hold” and a consensus price target of $180.68.

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.