Northern Trust Corporation $NTRS Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. lessened its holdings in Northern Trust Corporation (NASDAQ:NTRS) by 5.2% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 4,639 shares of the asset manager’s stock after selling 252 shares during the period. Vontobel Holding Ltd.’s holdings in Northern Trust were worth $588,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Optas LLC acquired a new position in shares of Northern Trust in the 2nd quarter valued at $251,000. Venturi Wealth Management LLC acquired a new position in shares of Northern Trust in the 2nd quarter valued at $287,000. KLP Kapitalforvaltning AS lifted its stake in shares of Northern Trust by 4.9% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 70,809 shares of the asset manager’s stock valued at $9,023,000 after purchasing an additional 3,300 shares during the last quarter. Appleton Partners Inc. MA acquired a new position in shares of Northern Trust in the 2nd quarter valued at $205,000. Finally, Valeo Financial Advisors LLC lifted its stake in shares of Northern Trust by 11.5% in the 2nd quarter. Valeo Financial Advisors LLC now owns 2,582 shares of the asset manager’s stock valued at $327,000 after purchasing an additional 266 shares during the last quarter. Institutional investors and hedge funds own 83.19% of the company’s stock.

Insider Activity at Northern Trust

In other Northern Trust news, Director Robert Edward Jr. Moritz acquired 256 shares of the company’s stock in a transaction dated Wednesday, August 13th. The shares were acquired at an average price of $126.34 per share, for a total transaction of $32,343.04. Following the acquisition, the director owned 2,525 shares in the company, valued at $319,008.50. The trade was a 11.28% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on NTRS shares. Citigroup increased their target price on Northern Trust from $110.00 to $135.00 and gave the stock a “neutral” rating in a research note on Friday, September 5th. Truist Financial increased their target price on Northern Trust from $132.00 to $142.00 and gave the stock a “hold” rating in a research note on Thursday, October 2nd. Wells Fargo & Company increased their target price on Northern Trust from $120.00 to $127.00 and gave the stock an “equal weight” rating in a research note on Friday, October 3rd. Wall Street Zen raised Northern Trust from a “sell” rating to a “hold” rating in a research note on Friday, September 26th. Finally, TD Cowen started coverage on Northern Trust in a research note on Thursday, September 25th. They set a “buy” rating on the stock. Four research analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, Northern Trust currently has a consensus rating of “Hold” and a consensus target price of $128.23.

Northern Trust Price Performance

Shares of NASDAQ NTRS opened at $127.03 on Tuesday. The stock’s 50-day moving average is $129.45 and its two-hundred day moving average is $116.04. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.72 and a quick ratio of 0.72. Northern Trust Corporation has a 1-year low of $81.62 and a 1-year high of $135.48. The company has a market cap of $24.29 billion, a price-to-earnings ratio of 14.93, a price-to-earnings-growth ratio of 1.40 and a beta of 1.31.

Northern Trust (NASDAQ:NTRS) last issued its quarterly earnings results on Wednesday, July 23rd. The asset manager reported $2.13 earnings per share for the quarter, topping the consensus estimate of $2.08 by $0.05. Northern Trust had a return on equity of 14.06% and a net margin of 11.75%.The company had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter in the prior year, the business earned $4.34 EPS. Northern Trust’s revenue was down 26.4% on a year-over-year basis. Analysts forecast that Northern Trust Corporation will post 8.27 EPS for the current fiscal year.

Northern Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Friday, September 5th were issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date was Friday, September 5th. This is an increase from Northern Trust’s previous quarterly dividend of $0.75. Northern Trust’s dividend payout ratio (DPR) is currently 37.60%.

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.