J. Safra Sarasin Holding AG Takes $2.56 Million Position in Northern Trust Corporation $NTRS

J. Safra Sarasin Holding AG acquired a new position in shares of Northern Trust Corporation (NASDAQ:NTRS) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 19,046 shares of the asset manager’s stock, valued at approximately $2,564,000.

Other institutional investors have also recently bought and sold shares of the company. FNY Investment Advisers LLC acquired a new position in Northern Trust during the 2nd quarter worth $25,000. Hantz Financial Services Inc. increased its stake in shares of Northern Trust by 5,225.0% in the second quarter. Hantz Financial Services Inc. now owns 213 shares of the asset manager’s stock worth $27,000 after purchasing an additional 209 shares during the period. AlphaCore Capital LLC lifted its position in shares of Northern Trust by 87.4% during the 2nd quarter. AlphaCore Capital LLC now owns 208 shares of the asset manager’s stock worth $27,000 after purchasing an additional 97 shares during the last quarter. Clearstead Trust LLC bought a new stake in Northern Trust during the 2nd quarter valued at approximately $29,000. Finally, GFG Capital LLC bought a new stake in Northern Trust during the 2nd quarter valued at approximately $35,000. Institutional investors own 83.19% of the company’s stock.

Insider Buying and Selling

In other Northern Trust news, COO Peter Cherecwich sold 25,000 shares of Northern Trust stock in a transaction on Monday, January 26th. The stock was sold at an average price of $149.62, for a total transaction of $3,740,500.00. Following the completion of the transaction, the chief operating officer directly owned 26,259 shares of the company’s stock, valued at approximately $3,928,871.58. This trade represents a 48.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider John Landers sold 766 shares of the business’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of $124.35, for a total transaction of $95,252.10. Following the completion of the sale, the insider owned 7,313 shares in the company, valued at $909,371.55. This represents a 9.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 53,357 shares of company stock valued at $7,370,987. 0.77% of the stock is owned by insiders.

Northern Trust Stock Performance

NASDAQ NTRS opened at $149.96 on Wednesday. Northern Trust Corporation has a twelve month low of $81.62 and a twelve month high of $157.60. The company has a quick ratio of 0.70, a current ratio of 0.69 and a debt-to-equity ratio of 0.57. The stock has a market cap of $28.36 billion, a P/E ratio of 17.16, a PEG ratio of 1.22 and a beta of 1.27. The company’s 50-day simple moving average is $138.91 and its 200 day simple moving average is $132.23.

Northern Trust (NASDAQ:NTRS) last announced its quarterly earnings results on Friday, January 30th. The asset manager reported $2.42 EPS for the quarter, topping analysts’ consensus estimates of $2.37 by $0.05. Northern Trust had a net margin of 12.15% and a return on equity of 14.87%. The firm had revenue of $3.15 billion during the quarter. During the same quarter in the prior year, the business earned $2.26 EPS. The firm’s revenue for the quarter was up 8.4% on a year-over-year basis. As a group, research analysts forecast that Northern Trust Corporation will post 8.27 earnings per share for the current fiscal year.

Northern Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Friday, March 6th will be given a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Friday, March 6th. Northern Trust’s dividend payout ratio is 36.61%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on NTRS shares. Barclays upped their price target on Northern Trust from $136.00 to $160.00 and gave the stock an “equal weight” rating in a report on Monday, January 5th. Wells Fargo & Company upped their target price on shares of Northern Trust from $145.00 to $150.00 and gave the company an “equal weight” rating in a research note on Friday, January 23rd. Morgan Stanley increased their price target on shares of Northern Trust from $131.00 to $140.00 and gave the company an “underweight” rating in a report on Friday, January 23rd. Citigroup restated a “neutral” rating on shares of Northern Trust in a report on Tuesday. Finally, Zacks Research raised shares of Northern Trust from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 23rd. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, seven have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, Northern Trust currently has an average rating of “Hold” and a consensus price target of $145.67.

About Northern Trust

Northern Trust Corporation (NASDAQ: NTRS) is a global financial services firm headquartered in Chicago that provides asset servicing, asset management and wealth management solutions to institutions, corporations and high-net-worth individuals. The company’s core businesses include custody and fund administration, investment operations outsourcing, trust and fiduciary services, private banking, and retirement and defined contribution plan services.

Northern Trust’s product and service offerings span custody and fund accounting, portfolio and performance analytics, securities lending, cash management and foreign exchange, as well as discretionary and non-discretionary investment management.