Danica Pension Livsforsikringsaktieselskab Makes New Investment in Northern Trust Corporation $NTRS

Danica Pension Livsforsikringsaktieselskab purchased a new position in shares of Northern Trust Corporation (NASDAQ:NTRSFree Report) in the 1st quarter, HoldingsChannel.com reports. The firm purchased 54,247 shares of the asset manager’s stock, valued at approximately $7,571,000.

Other hedge funds have also recently bought and sold shares of the company. Norges Bank purchased a new position in Northern Trust during the 4th quarter valued at about $257,410,000. Eurizon Capital SGR S.p.A. purchased a new stake in Northern Trust during the fourth quarter worth about $126,794,000. AQR Capital Management LLC increased its stake in Northern Trust by 69.0% during the fourth quarter. AQR Capital Management LLC now owns 1,723,516 shares of the asset manager’s stock worth $235,415,000 after purchasing an additional 703,985 shares during the period. Jupiter Asset Management Ltd. lifted its position in shares of Northern Trust by 114.1% during the fourth quarter. Jupiter Asset Management Ltd. now owns 1,031,579 shares of the asset manager’s stock worth $140,903,000 after purchasing an additional 549,681 shares in the last quarter. Finally, PFA Pension Forsikringsaktieselskab acquired a new stake in shares of Northern Trust during the fourth quarter worth about $67,126,000. Institutional investors and hedge funds own 83.19% of the company’s stock.

Northern Trust Stock Down 3.5%

Shares of NASDAQ:NTRS opened at $178.66 on Thursday. Northern Trust Corporation has a fifty-two week low of $118.99 and a fifty-two week high of $191.60. The firm’s 50 day moving average price is $174.20 and its 200 day moving average price is $157.44. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.51. The stock has a market cap of $33.06 billion, a price-to-earnings ratio of 18.71, a price-to-earnings-growth ratio of 1.18 and a beta of 1.25.

Northern Trust (NASDAQ:NTRSGet Free Report) last announced its quarterly earnings data on Wednesday, July 22nd. The asset manager reported $4.23 EPS for the quarter, beating analysts’ consensus estimates of $2.71 by $1.52. Northern Trust had a net margin of 12.84% and a return on equity of 15.94%. The company had revenue of $2.71 billion for the quarter, compared to the consensus estimate of $2.69 billion. During the same period in the prior year, the firm posted $2.13 EPS. The company’s quarterly revenue was up 35.1% compared to the same quarter last year. As a group, equities research analysts predict that Northern Trust Corporation will post 11.29 earnings per share for the current fiscal year.

Northern Trust Increases Dividend

The company 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. The ex-dividend date is Friday, September 4th. This is an increase from Northern Trust’s previous quarterly dividend of $0.80. This represents a $3.52 dividend on an annualized basis and a dividend yield of 2.0%. Northern Trust’s payout ratio is presently 33.51%.

Key Headlines Impacting Northern Trust

Here are the key news stories impacting Northern Trust this week:

Analysts Set New Price Targets

A number of research analysts recently weighed in on NTRS shares. Evercore set a $179.00 price objective on shares of Northern Trust in a report on Monday, July 6th. BMO Capital Markets upgraded shares of Northern Trust from a “market perform” rating to an “outperform” rating and set a $168.00 target price on the stock in a report on Monday, April 6th. UBS Group set a $186.00 price target on shares of Northern Trust in a research report on Friday, June 26th. Wells Fargo & Company boosted their price target on shares of Northern Trust from $175.00 to $189.00 and gave the stock an “equal weight” rating in a research note on Wednesday, June 24th. Finally, Morgan Stanley upped their price objective on Northern Trust from $157.00 to $170.00 and gave the stock an “underweight” rating in a research report on Monday, June 29th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $178.75.

Read Our Latest Stock Analysis on Northern Trust

Insider Transactions at Northern Trust

In related news, CFO David W. Fox, Jr. sold 19,987 shares of the company’s stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $166.16, for a total value of $3,321,039.92. Following the completion of the transaction, the chief financial officer directly owned 18,588 shares of the company’s stock, valued at $3,088,582.08. This represents a 51.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Robert Edward Jr. Moritz purchased 225 shares of the company’s stock in a transaction on Friday, May 1st. The stock was bought at an average price 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 $1,355,409.45. The trade was a 2.84% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders sold 22,800 shares of company stock valued at $3,785,251. 0.66% of the stock is currently owned by corporate insiders.

About Northern Trust

(Free Report)

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.

See Also

Want to see what other hedge funds are holding NTRS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Northern Trust Corporation (NASDAQ:NTRSFree Report).

Institutional Ownership by Quarter for Northern Trust (NASDAQ:NTRS)

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