U S Global Investors Inc. Buys 4,850 Shares of Northern Trust Corporation (NASDAQ:NTRS)

U S Global Investors Inc. raised its stake in shares of Northern Trust Corporation (NASDAQ:NTRS - Free Report) by 68.3% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 11,950 shares of the asset manager's stock after purchasing an additional 4,850 shares during the period. U S Global Investors Inc.'s holdings in Northern Trust were worth $1,179,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Massachusetts Financial Services Co. MA raised its position in Northern Trust by 1.2% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 7,486,616 shares of the asset manager's stock worth $767,378,000 after purchasing an additional 92,162 shares during the last quarter. Geode Capital Management LLC raised its position in Northern Trust by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 4,904,871 shares of the asset manager's stock worth $501,444,000 after purchasing an additional 30,908 shares during the last quarter. Invesco Ltd. raised its position in Northern Trust by 7.5% during the 4th quarter. Invesco Ltd. now owns 2,885,312 shares of the asset manager's stock worth $295,744,000 after purchasing an additional 202,327 shares during the last quarter. Wellington Management Group LLP grew its holdings in Northern Trust by 1.6% during the 4th quarter. Wellington Management Group LLP now owns 2,532,401 shares of the asset manager's stock worth $259,571,000 after acquiring an additional 39,592 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in Northern Trust by 2.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,201,309 shares of the asset manager's stock worth $225,641,000 after acquiring an additional 62,605 shares during the period. 83.19% of the stock is owned by institutional investors.

Insider Activity at Northern Trust

In related news, insider Teresa Parker sold 6,467 shares of the firm's stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $100.62, for a total value of $650,709.54. Following the transaction, the insider now owns 79,391 shares of the company's stock, valued at approximately $7,988,322.42. This trade represents a 7.53% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Clive Bellows sold 3,300 shares of the firm's stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $99.95, for a total transaction of $329,835.00. Following the completion of the transaction, the executive vice president now directly owns 28,736 shares in the company, valued at approximately $2,872,163.20. The trade was a 10.30% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 9,772 shares of company stock valued at $981,069. 0.77% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have weighed in on NTRS shares. Bank of America decreased their price target on Northern Trust from $123.00 to $121.00 and set a "buy" rating for the company in a report on Wednesday, April 2nd. Wells Fargo & Company decreased their price target on Northern Trust from $118.00 to $111.00 and set an "equal weight" rating for the company in a report on Wednesday, April 23rd. Evercore ISI decreased their price target on Northern Trust from $104.00 to $100.00 and set an "in-line" rating for the company in a report on Wednesday, April 23rd. Morgan Stanley reiterated an "underweight" rating and set a $103.00 price target (up from $101.00) on shares of Northern Trust in a report on Tuesday, June 3rd. Finally, Citigroup decreased their price target on Northern Trust from $110.00 to $105.00 and set a "neutral" rating for the company in a report on Monday, March 24th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Northern Trust presently has an average rating of "Hold" and an average price target of $108.42.

Northern Trust Price Performance

NTRS stock opened at $124.41 on Friday. The stock has a market capitalization of $24.20 billion, a PE ratio of 11.61, a price-to-earnings-growth ratio of 1.86 and a beta of 1.22. The company's 50-day moving average is $105.23 and its 200-day moving average is $103.71. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.71 and a quick ratio of 0.71. Northern Trust Corporation has a 1 year low of $80.81 and a 1 year high of $124.52.

Northern Trust (NASDAQ:NTRS - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The asset manager reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.85 by $0.05. Northern Trust had a net margin of 13.93% and a return on equity of 13.73%. The business had revenue of $1.95 billion for the quarter, compared to analysts' expectations of $1.95 billion. Equities research analysts expect that Northern Trust Corporation will post 8.27 EPS for the current fiscal year.

Northern Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 6th will be given a $0.75 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $3.00 annualized dividend and a yield of 2.41%. Northern Trust's payout ratio is 27.99%.

Northern Trust Profile

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.

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