Vident Advisory LLC Boosts Holdings in Northern Trust Corporation $NTRS

Key Points

• Vident Advisory LLC increased its stake in Northern Trust Corporation by 65.8% in Q1, owning a total of 5,343 shares valued at approximately $527,000.
• Northern Trust declared a quarterly dividend of $0.80, an increase from the previous $0.75, resulting in a dividend yield of 2.5%.
• Analysts have mixed ratings on Northern Trust, with two recommending a Buy, eight a Hold, and three a Sell, reflecting an average price target of $119.58.

Vident Advisory LLC lifted its stake in shares of Northern Trust Corporation (NASDAQ:NTRS - Free Report) by 65.8% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,343 shares of the asset manager's stock after buying an additional 2,120 shares during the quarter. Vident Advisory LLC's holdings in Northern Trust were worth $527,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Evergreen Capital Management LLC grew its position in shares of Northern Trust by 14.1% during the 1st quarter. Evergreen Capital Management LLC now owns 5,818 shares of the asset manager's stock worth $578,000 after buying an additional 717 shares during the period. Magnetar Financial LLC bought a new position in shares of Northern Trust in the 1st quarter worth $402,000. Landscape Capital Management L.L.C. lifted its holdings in shares of Northern Trust by 5.2% in the 1st quarter. Landscape Capital Management L.L.C. now owns 8,257 shares of the asset manager's stock worth $815,000 after purchasing an additional 406 shares in the last quarter. OMERS ADMINISTRATION Corp lifted its holdings in shares of Northern Trust by 147.8% in the 1st quarter. OMERS ADMINISTRATION Corp now owns 55,862 shares of the asset manager's stock worth $5,511,000 after purchasing an additional 33,321 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in shares of Northern Trust by 63.4% in the 1st quarter. BNP Paribas Financial Markets now owns 395,787 shares of the asset manager's stock worth $39,044,000 after purchasing an additional 153,511 shares in the last quarter. Institutional investors and hedge funds own 83.19% of the company's stock.

Insiders Place Their Bets

In related news, Director Robert Edward Jr. Moritz acquired 256 shares of the firm's stock in a transaction that occurred on Wednesday, August 13th. The stock was acquired at an average price of $126.34 per share, for a total transaction of $32,343.04. Following the completion of the acquisition, the director owned 2,525 shares of the company's stock, valued at approximately $319,008.50. This represents a 11.28% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.77% of the company's stock.

Northern Trust Stock Performance

Shares of NTRS stock traded down $0.06 during trading on Friday, hitting $129.42. The company's stock had a trading volume of 801,946 shares, compared to its average volume of 902,200. The company has a market cap of $24.75 billion, a PE ratio of 15.21, a P/E/G ratio of 1.54 and a beta of 1.30. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.58. The business has a fifty day moving average of $127.95 and a 200-day moving average of $111.62. Northern Trust Corporation has a 52 week low of $81.62 and a 52 week high of $133.00.

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

Northern Trust Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Friday, September 5th will be issued a $0.80 dividend. This is an increase from Northern Trust's previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Friday, September 5th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.5%. Northern Trust's payout ratio is presently 37.60%.

Analyst Ratings Changes

A number of brokerages recently issued reports on NTRS. Wall Street Zen cut Northern Trust from a "hold" rating to a "sell" rating in a report on Saturday, August 16th. Barclays increased their target price on Northern Trust from $128.00 to $136.00 and gave the stock an "equal weight" rating in a report on Thursday, July 24th. The Goldman Sachs Group increased their target price on Northern Trust from $89.00 to $101.00 and gave the stock a "sell" rating in a report on Wednesday, July 2nd. Keefe, Bruyette & Woods reiterated an "underperform" rating and issued a $118.00 target price (down from $120.00) on shares of Northern Trust in a report on Thursday, July 24th. Finally, Zacks Research cut Northern Trust from a "strong-buy" rating to a "hold" rating in a report on Tuesday. Two investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, Northern Trust currently has an average rating of "Reduce" and an average price target of $119.58.

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.