Diversified Trust Co Raises Holdings in Northern Trust Co. (NASDAQ:NTRS)

Diversified Trust Co lifted its holdings in shares of Northern Trust Co. (NASDAQ:NTRS) by 47.5% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 24,942 shares of the asset manager’s stock after acquiring an additional 8,028 shares during the period. Diversified Trust Co’s holdings in Northern Trust were worth $2,095,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of NTRS. Olistico Wealth LLC purchased a new stake in shares of Northern Trust during the second quarter worth about $25,000. Spartan Planning & Wealth Management lifted its holdings in shares of Northern Trust by 10,566.7% during the fourth quarter. Spartan Planning & Wealth Management now owns 320 shares of the asset manager’s stock worth $27,000 after purchasing an additional 317 shares during the period. Allworth Financial LP lifted its holdings in shares of Northern Trust by 94.1% during the fourth quarter. Allworth Financial LP now owns 359 shares of the asset manager’s stock worth $30,000 after purchasing an additional 174 shares during the period. Versant Capital Management Inc lifted its holdings in shares of Northern Trust by 343.9% during the second quarter. Versant Capital Management Inc now owns 435 shares of the asset manager’s stock worth $37,000 after purchasing an additional 337 shares during the period. Finally, Tributary Capital Management LLC acquired a new stake in shares of Northern Trust during the first quarter worth about $53,000. Hedge funds and other institutional investors own 83.19% of the company’s stock.

Northern Trust Trading Up 0.7 %

NTRS traded up $0.55 on Wednesday, hitting $84.17. The company had a trading volume of 93,381 shares, compared to its average volume of 1,352,723. The firm has a market cap of $17.22 billion, a P/E ratio of 18.46, a PEG ratio of 1.29 and a beta of 1.10. Northern Trust Co. has a 1 year low of $62.44 and a 1 year high of $92.46. The company’s fifty day moving average price is $84.62 and its 200 day moving average price is $83.70. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.58.

Northern Trust (NASDAQ:NTRS) last issued its quarterly earnings data on Wednesday, July 17th. The asset manager reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.03. The firm had revenue of $2.72 billion for the quarter, compared to analyst estimates of $1.84 billion. Northern Trust had a net margin of 10.53% and a return on equity of 12.24%. Northern Trust’s revenue was up 53.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.79 EPS. As a group, equities analysts expect that Northern Trust Co. will post 7.02 earnings per share for the current year.

Northern Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Friday, September 6th will be paid a dividend of $0.75 per share. The ex-dividend date of this dividend is Friday, September 6th. This represents a $3.00 dividend on an annualized basis and a yield of 3.56%. Northern Trust’s dividend payout ratio (DPR) is presently 66.23%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on NTRS shares. Bank of America lifted their target price on Northern Trust from $93.00 to $101.00 and gave the stock a “buy” rating in a report on Wednesday, April 17th. Royal Bank of Canada boosted their price target on Northern Trust from $86.00 to $90.00 and gave the company an “outperform” rating in a report on Thursday, July 18th. The Goldman Sachs Group decreased their price target on Northern Trust from $94.00 to $84.00 and set a “neutral” rating for the company in a report on Tuesday, July 2nd. Jefferies Financial Group boosted their price target on Northern Trust from $101.00 to $103.00 and gave the company a “buy” rating in a report on Thursday, April 18th. Finally, Morgan Stanley decreased their price target on Northern Trust from $97.00 to $93.00 and set an “underweight” rating for the company in a report on Tuesday, July 30th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $87.33.

Insiders Place Their Bets

In other news, EVP Teresa Parker sold 5,883 shares of the business’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $84.06, for a total transaction of $494,524.98. Following the completion of the transaction, the executive vice president now directly owns 83,765 shares of the company’s stock, valued at $7,041,285.90. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.64% of the company’s stock.

Northern Trust Company 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.