Northern Trust Corporation $NTRS Shares Acquired by WINTON GROUP Ltd

Key Points

• WINTON GROUP Ltd increased its stake in Northern Trust by 471.1% in Q3, adding 9,935 shares to hold 12,044 shares valued at about $1.62 million.
• Northern Trust beat quarterly EPS estimates at $2.42 versus $2.37 and reported revenue of $3.15 billion (up 8.4% year-over-year), while analyst coverage is mixed with a consensus "Hold" and an average price target of $148.75.
• The company announced a quarterly dividend of $0.80 per share (annualized $3.20, ~2.3% yield) with an ex-dividend date of March 6 and payment on April 1.

WINTON GROUP Ltd lifted its stake in shares of Northern Trust Corporation (NASDAQ:NTRS - Free Report) by 471.1% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 12,044 shares of the asset manager's stock after purchasing an additional 9,935 shares during the period. WINTON GROUP Ltd's holdings in Northern Trust were worth $1,621,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bank of New York Mellon Corp lifted its holdings in Northern Trust by 2.1% in the third quarter. Bank of New York Mellon Corp now owns 1,947,456 shares of the asset manager's stock worth $262,128,000 after acquiring an additional 40,048 shares during the last quarter. Jupiter Asset Management Ltd. bought a new position in shares of Northern Trust during the third quarter valued at approximately $64,863,000. Aviva PLC raised its position in shares of Northern Trust by 8.4% during the 2nd quarter. Aviva PLC now owns 149,911 shares of the asset manager's stock worth $19,007,000 after purchasing an additional 11,587 shares during the period. SG Americas Securities LLC raised its position in shares of Northern Trust by 228.0% during the 3rd quarter. SG Americas Securities LLC now owns 75,829 shares of the asset manager's stock worth $10,207,000 after purchasing an additional 52,711 shares during the period. Finally, National Pension Service lifted its holdings in shares of Northern Trust by 4.3% in the 3rd quarter. National Pension Service now owns 360,527 shares of the asset manager's stock worth $48,527,000 after purchasing an additional 14,899 shares during the last quarter. 83.19% of the stock is owned by institutional investors.

Insider Activity at Northern Trust

In related news, Director Robert Edward Jr. Moritz acquired 245 shares of the stock in a transaction that occurred on Monday, February 2nd. The shares were acquired at an average price of $151.85 per share, for a total transaction of $37,203.25. Following the completion of the purchase, the director directly owned 6,931 shares of the company's stock, valued at $1,052,472.35. The trade was a 3.66% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Guy Gibson sold 3,009 shares of the business's stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $142.39, for a total value of $428,451.51. Following the sale, the insider directly owned 29,332 shares in the company, valued at approximately $4,176,583.48. The trade was a 9.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 34,905 shares of company stock worth $5,166,714 in the last three months. Insiders own 0.77% of the company's stock.

Northern Trust Stock Down 0.3%

Shares of Northern Trust stock opened at $137.98 on Wednesday. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.69 and a quick ratio of 0.69. Northern Trust Corporation has a 1-year low of $81.62 and a 1-year high of $157.60. The business's fifty day moving average price is $145.61 and its two-hundred day moving average price is $136.22. The company has a market capitalization of $25.64 billion, a P/E ratio of 15.79, a PEG ratio of 1.11 and a beta of 1.27.

Northern Trust (NASDAQ:NTRS - Get Free Report) last released its quarterly earnings results on Friday, January 30th. The asset manager reported $2.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.37 by $0.05. Northern Trust had a return on equity of 14.87% and a net margin of 12.15%.The company had revenue of $3.15 billion during the quarter. During the same period in the previous year, the company posted $2.26 EPS. The company's revenue for the quarter was up 8.4% compared to the same quarter last year. As a group, research analysts forecast that Northern Trust Corporation will post 8.27 EPS for the current year.

Northern Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Friday, March 6th will be paid a dividend of $0.80 per share. The ex-dividend date of this dividend is Friday, March 6th. This represents a $3.20 annualized dividend and a yield of 2.3%. Northern Trust's dividend payout ratio (DPR) is presently 36.61%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on NTRS. Barclays boosted their price objective on Northern Trust from $136.00 to $160.00 and gave the company an "equal weight" rating in a research report on Monday, January 5th. Truist Financial set a $148.00 target price on Northern Trust in a research note on Wednesday, January 7th. Morgan Stanley boosted their price target on shares of Northern Trust from $131.00 to $140.00 and gave the company an "underweight" rating in a report on Friday, January 23rd. Wells Fargo & Company increased their price objective on shares of Northern Trust from $145.00 to $150.00 and gave the stock an "equal weight" rating in a report on Friday, January 23rd. Finally, Royal Bank Of Canada lifted their price objective on shares of Northern Trust from $139.00 to $159.00 and gave the company an "outperform" rating in a research report on Friday, January 23rd. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $148.75.

About Northern Trust

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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