Dynamic Advisor Solutions LLC Increases Holdings in Northern Trust Corporation $NTRS

Key Points

• Dynamic Advisor Solutions LLC increased its holdings in Northern Trust Corporation by 66.5%, owning 13,872 shares valued at approximately $1.76 million after purchasing an additional 5,540 shares.
• Insider trading activity included Director Robert Edward Jr. Moritz acquiring 256 shares for a total of $32,343, increasing his position by 11.28%.
• Northern Trust recently raised its quarterly dividend to $0.80 per share, reflecting a 6.67% increase from the previous dividend and resulting in an annualized yield of 2.4%.

Dynamic Advisor Solutions LLC grew its holdings in Northern Trust Corporation (NASDAQ:NTRS - Free Report) by 66.5% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 13,872 shares of the asset manager's stock after acquiring an additional 5,540 shares during the quarter. Dynamic Advisor Solutions LLC's holdings in Northern Trust were worth $1,759,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Continuum Advisory LLC grew its holdings in shares of Northern Trust by 5,340.0% during the first quarter. Continuum Advisory LLC now owns 272 shares of the asset manager's stock worth $27,000 after purchasing an additional 267 shares during the last quarter. Zions Bancorporation National Association UT purchased a new position in shares of Northern Trust during the 1st quarter valued at about $29,000. Harbor Investment Advisory LLC increased its stake in Northern Trust by 68.4% in the 2nd quarter. Harbor Investment Advisory LLC now owns 320 shares of the asset manager's stock worth $41,000 after purchasing an additional 130 shares during the period. Wayfinding Financial LLC bought a new stake in shares of Northern Trust during the first quarter valued at approximately $35,000. Finally, Caitong International Asset Management Co. Ltd bought a new stake in Northern Trust in the first quarter worth $43,000. Institutional investors and hedge funds own 83.19% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on NTRS shares. Royal Bank Of Canada set a $123.00 price target on Northern Trust and gave the company an "outperform" rating in a report on Monday, June 30th. Wolfe Research raised Northern Trust from an "underperform" rating to a "peer perform" rating in a report on Thursday, July 24th. Evercore ISI upped their price target on Northern Trust from $108.00 to $121.00 and gave the company an "in-line" rating in a report on Wednesday, July 2nd. The Goldman Sachs Group upped their price target on Northern Trust from $89.00 to $101.00 and gave the company a "sell" rating in a report on Wednesday, July 2nd. Finally, Wall Street Zen downgraded Northern Trust from a "hold" rating to a "sell" rating in a report on Saturday, August 16th. Two analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Northern Trust has a consensus rating of "Reduce" and a consensus price target of $119.58.

Insiders Place Their Bets

In related news, Director Robert Edward Jr. Moritz purchased 256 shares of Northern Trust stock in a transaction dated Wednesday, August 13th. The stock was purchased at an average cost of $126.34 per share, with a total value of $32,343.04. Following the transaction, the director owned 2,525 shares in the company, valued at approximately $319,008.50. The trade was a 11.28% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.77% of the stock is currently owned by company insiders.

Northern Trust Price Performance

Shares of NASDAQ:NTRS traded down $0.72 during trading on Friday, hitting $131.50. 2,960,636 shares of the company's stock were exchanged, compared to its average volume of 1,002,896. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.72 and a quick ratio of 0.72. Northern Trust Corporation has a 52-week low of $81.62 and a 52-week high of $133.00. The business's 50-day simple moving average is $128.33 and its 200 day simple moving average is $112.38. The company has a market cap of $25.15 billion, a price-to-earnings ratio of 15.45, a PEG ratio of 1.57 and a beta of 1.30.

Northern Trust (NASDAQ:NTRS - Get Free Report) last released its earnings results on Wednesday, July 23rd. The asset manager reported $2.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.08 by $0.05. Northern Trust had a return on equity of 14.06% and a net margin of 11.75%.The firm had revenue of $2 billion during the quarter, compared to analysts' expectations of $1.96 billion. During the same quarter last year, the business posted $4.34 earnings per share. The firm's revenue was down 26.4% on a year-over-year basis. As a group, equities analysts predict that Northern Trust Corporation will post 8.27 EPS for the current year.

Northern Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Friday, September 5th will be issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Friday, September 5th. This is an increase from Northern Trust's previous quarterly dividend of $0.75. Northern Trust's dividend payout ratio (DPR) is presently 37.60%.

About Northern Trust

Northern Trust Corporation, a financial holding company, provides wealth management, asset servicing, asset management, and banking solutions for corporations, institutions, families, and individuals worldwide. It operates in two segments, Asset Servicing and Wealth Management. The Asset Servicing segment offers asset servicing and related services, including custody, fund administration, investment operations outsourcing, investment management, investment risk and analytical services, employee benefit services, securities lending, foreign exchange, treasury management, brokerage services, transition management services, banking, and cash management services.