Deutsche Bank AG Invests $144.09 Million in Northern Trust Corporation $NTRS

Deutsche Bank AG bought a new position in shares of Northern Trust Corporation (NASDAQ:NTRS - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 828,874 shares of the asset manager's stock, valued at approximately $144,091,000. Deutsche Bank AG owned 0.45% of Northern Trust at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Reflection Asset Management bought a new stake in shares of Northern Trust in the fourth quarter worth $25,000. Triumph Capital Management acquired a new stake in Northern Trust in the third quarter valued at $25,000. Basecamp Wealth Advisors LLC raised its position in Northern Trust by 99.0% during the 1st quarter. Basecamp Wealth Advisors LLC now owns 203 shares of the asset manager's stock worth $28,000 after purchasing an additional 101 shares during the last quarter. Elyxium Wealth LLC bought a new position in Northern Trust during the 4th quarter worth $34,000. Finally, International Assets Investment Management LLC acquired a new position in Northern Trust during the 4th quarter worth about $35,000. 83.19% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently commented on NTRS. Evercore set a $179.00 target price on Northern Trust in a report on Monday, July 6th. Weiss Ratings restated a "buy (b)" rating on shares of Northern Trust in a report on Friday, July 31st. Keefe, Bruyette & Woods boosted their price target on shares of Northern Trust from $157.00 to $175.00 and gave the stock an "underperform" rating in a research report on Thursday, July 9th. Zacks Research raised shares of Northern Trust from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 12th. Finally, Morgan Stanley increased their price objective on shares of Northern Trust from $170.00 to $173.00 and gave the stock an "underweight" rating in a research report on Thursday, July 23rd. One investment 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 given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $180.68.

Insider Activity at Northern Trust

In other Northern Trust news, Director Robert Edward Jr. Moritz purchased 255 shares of the company's stock in a transaction that occurred on Wednesday, July 29th. The shares were acquired at an average cost of $179.57 per share, for a total transaction of $45,790.35. Following the completion of the acquisition, the director owned 8,400 shares of the company's stock, valued at $1,508,388. The trade was a 3.13% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.66% of the stock is currently owned by corporate insiders.

Northern Trust Stock Down 2.7%

Shares of NASDAQ:NTRS opened at $185.40 on Thursday. 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 Corporation has a 52-week low of $121.12 and a 52-week high of $195.78. The business's 50 day simple moving average is $181.09 and its two-hundred day simple moving average is $162.89. The firm has a market cap of $33.92 billion, a P/E ratio of 15.91, a PEG ratio of 1.07 and a beta of 1.25.

Northern Trust (NASDAQ:NTRS - Get Free Report) last announced its quarterly earnings results on Wednesday, July 22nd. The asset manager reported $4.23 EPS for the quarter, beating analysts' consensus estimates of $2.71 by $1.52. The business had revenue of $2.71 billion during 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%. Northern Trust's quarterly revenue was up 35.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.13 EPS. As a group, research analysts forecast that Northern Trust Corporation will post 11.59 EPS 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. Shareholders of record on Friday, September 4th will be given a dividend of $0.88 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $3.52 annualized dividend and a dividend yield of 1.9%. This is an increase from Northern Trust's previous quarterly dividend of $0.80. Northern Trust's payout ratio is 27.47%.

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.

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