Northern Trust Corporation $NTRS Shares Newly Acquired by Elm3 Financial Group LLC

Elm3 Financial Group LLC bought a new stake in Northern Trust Corporation (NASDAQ:NTRS) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 3,057 shares of the asset manager’s stock, valued at approximately $518,000.

Several other institutional investors also recently added to or reduced their stakes in NTRS. Continuum Advisory LLC purchased a new position in shares of Northern Trust during the second quarter worth approximately $26,000. NBH Bank purchased a new stake in Northern Trust in the 2nd quarter valued at $30,000. Keating Financial Advisory Services Inc. acquired a new stake in Northern Trust during the 2nd quarter worth $31,000. Reflection Asset Management purchased a new position in Northern Trust during the 4th quarter worth $25,000. Finally, Basecamp Wealth Advisors LLC increased its stake in Northern Trust by 99.0% in the first quarter. Basecamp Wealth Advisors LLC now owns 203 shares of the asset manager’s stock valued at $28,000 after purchasing an additional 101 shares during the period. Institutional investors and hedge funds own 83.19% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on NTRS. Royal Bank Of Canada cut shares of Northern Trust from an “outperform” rating to a “sector perform” rating and set a $178.00 target price for the company. in a report on Wednesday, July 22nd. Evercore set a $183.00 price target on Northern Trust in a research report on Thursday, October 1st. Barclays upped their price objective on Northern Trust from $176.00 to $189.00 and gave the company an “equal weight” rating in a research note on Thursday, July 23rd. Bank of America lifted their target price on Northern Trust from $190.00 to $200.00 and gave the company a “buy” rating in a research note on Tuesday, July 7th. Finally, Morgan Stanley upped their price target on Northern Trust from $170.00 to $173.00 and gave the stock an “underweight” rating in a research note on Thursday, July 23rd. Four analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $183.93.

Insider Transactions at Northern Trust

In related news, Director Robert Moritz, Jr. acquired 255 shares of Northern Trust stock in a transaction that occurred on Wednesday, July 29th. The stock was purchased at an average price of $179.57 per share, for a total transaction of $45,790.35. Following the completion of the purchase, the director directly owned 8,400 shares of the company’s stock, valued at approximately $1,508,388. This trade represents a 3.13% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Thomas A. South sold 1,800 shares of the business’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $184.90, for a total transaction of $332,820.00. Following the sale, the executive vice president directly owned 92,917 shares in the company, valued at approximately $17,180,353.30. This represents a 1.90% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.66% of the company’s stock.

Northern Trust Stock Performance

NASDAQ:NTRS traded down $1.28 during mid-day trading on Wednesday, reaching $168.18. The stock had a trading volume of 1,083,508 shares, compared to its average volume of 1,083,415. Northern Trust Corporation has a twelve month low of $121.12 and a twelve month high of $195.78. The business has a 50 day simple moving average of $181.87 and a 200 day simple moving average of $171.71. The firm has a market capitalization of $30.77 billion, a price-to-earnings ratio of 14.44, a PEG ratio of 0.96 and a beta of 1.24. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.65 and a current ratio of 0.65.

Northern Trust (NASDAQ:NTRS) last released its earnings results on Wednesday, July 22nd. The asset manager reported $4.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.71 by $1.52. The company had revenue of $2.71 billion for the quarter, compared to analysts’ expectations of $2.69 billion. Northern Trust had a return on equity of 16.91% and a net margin of 14.76%.The firm’s quarterly revenue was up 35.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.13 EPS. On average, analysts expect that Northern Trust Corporation will post 11.64 earnings per share for the current fiscal year.

Northern Trust Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Friday, September 4th were paid a dividend of $0.88 per share. This is a boost from Northern Trust’s previous quarterly dividend of $0.80. The ex-dividend date of this dividend was Friday, September 4th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 2.1%. Northern Trust’s dividend payout ratio is currently 30.21%.

Northern Trust Profile

Northern Trust Corporation is a financial services company headquartered in Chicago, Illinois. Founded in 1889, the company provides wealth management, asset servicing, asset management and banking services to corporations, institutions, affluent individuals and families, and financial professionals.

Through its wealth management business, Northern Trust offers investment management, financial planning, trust and estate services, private banking, and family office solutions. Its asset servicing and banking operations support institutional investors and businesses with custody, fund administration, securities lending, foreign exchange, treasury services, capital markets, and related banking solutions.

Northern Trust serves clients through operations in the United States and international markets, including Canada, Europe, the Middle East and the Asia-Pacific region.