Banco Bilbao Vizcaya Argentaria S.A. Buys 1,307 Shares of Northern Trust Corporation $NTRS

Banco Bilbao Vizcaya Argentaria S.A. boosted its holdings in Northern Trust Corporation (NASDAQ:NTRS) by 3.6% during the first quarter, Holdings Channel.com reports. The fund owned 37,798 shares of the asset manager’s stock after buying an additional 1,307 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Northern Trust were worth $3,729,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Colonial Trust Co SC increased its stake in Northern Trust by 6,400.0% in the 4th quarter. Colonial Trust Co SC now owns 260 shares of the asset manager’s stock worth $27,000 after acquiring an additional 256 shares during the last quarter. Continuum Advisory LLC increased its stake in Northern Trust by 5,340.0% in the 1st quarter. Continuum Advisory LLC now owns 272 shares of the asset manager’s stock worth $27,000 after acquiring an additional 267 shares during the last quarter. Zions Bancorporation National Association UT bought a new position in Northern Trust in the 1st quarter worth about $29,000. Wayfinding Financial LLC bought a new position in shares of Northern Trust during the 1st quarter valued at about $35,000. Finally, True Wealth Design LLC increased its position in shares of Northern Trust by 84.0% during the 4th quarter. True Wealth Design LLC now owns 425 shares of the asset manager’s stock valued at $44,000 after purchasing an additional 194 shares during the last quarter. 83.19% of the stock is currently owned by institutional investors.

Northern Trust Price Performance

Shares of NTRS stock opened at $127.88 on Thursday. The firm has a market cap of $24.45 billion, a P/E ratio of 15.03, a P/E/G ratio of 1.51 and a beta of 1.28. Northern Trust Corporation has a fifty-two week low of $81.62 and a fifty-two week high of $133.00. The business’s 50 day moving average price is $124.51 and its 200-day moving average price is $109.56. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.72 and a current ratio of 0.72.

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

Northern Trust Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Friday, September 5th will be given a dividend of $0.80 per share. This is a boost from Northern Trust’s previous quarterly dividend of $0.75. This represents a $3.20 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Friday, September 5th. Northern Trust’s dividend payout ratio is presently 35.25%.

Insider Buying and Selling at Northern Trust

In other news, Director Robert Edward Jr. Moritz purchased 256 shares of the company’s stock in a transaction that occurred on Wednesday, August 13th. The shares were bought at an average cost of $126.34 per share, for a total transaction of $32,343.04. Following the completion of the transaction, the director directly owned 2,525 shares of the company’s stock, valued at $319,008.50. This trade represents a 11.28% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.77% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

NTRS has been the topic of several recent research reports. Wall Street Zen lowered Northern Trust from a “hold” rating to a “sell” rating in a research report on Saturday, August 16th. Barclays increased their target price on Northern Trust from $128.00 to $136.00 and gave the company an “equal weight” rating in a report on Thursday, July 24th. Morgan Stanley increased their target price on Northern Trust from $103.00 to $106.00 and gave the company an “underweight” rating in a report on Tuesday, July 1st. Keefe, Bruyette & Woods restated an “underperform” rating and set a $118.00 target price (down from $120.00) on shares of Northern Trust in a report on Thursday, July 24th. Finally, Truist Financial increased their target price on Northern Trust from $128.00 to $132.00 and gave the company a “hold” rating in a report on Thursday, August 14th. Two investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus target price of $117.08.

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.