Hussman Strategic Advisors Inc. Acquires 4,200 Shares of Northern Trust Corporation $NTRS

Hussman Strategic Advisors Inc. raised its stake in shares of Northern Trust Corporation (NASDAQ:NTRS) by 66.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 10,500 shares of the asset manager’s stock after purchasing an additional 4,200 shares during the quarter. Hussman Strategic Advisors Inc.’s holdings in Northern Trust were worth $1,413,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. FNY Investment Advisers LLC bought a new position in Northern Trust during the second quarter valued at about $25,000. AlphaCore Capital LLC lifted its position in shares of Northern Trust by 87.4% in the 2nd quarter. AlphaCore Capital LLC now owns 208 shares of the asset manager’s stock worth $27,000 after acquiring an additional 97 shares during the period. Hantz Financial Services Inc. increased its position in shares of Northern Trust by 5,225.0% during the second quarter. Hantz Financial Services Inc. now owns 213 shares of the asset manager’s stock valued at $27,000 after purchasing an additional 209 shares during the period. Clearstead Trust LLC acquired a new position in shares of Northern Trust in the second quarter valued at $29,000. Finally, GFG Capital LLC bought a new position in Northern Trust in the second quarter worth $35,000. Institutional investors and hedge funds own 83.19% of the company’s stock.

Northern Trust Stock Performance

NASDAQ:NTRS opened at $150.25 on Thursday. The stock has a market capitalization of $28.42 billion, a P/E ratio of 17.19, a price-to-earnings-growth ratio of 1.21 and a beta of 1.27. The company has a current ratio of 0.69, a quick ratio of 0.70 and a debt-to-equity ratio of 0.57. Northern Trust Corporation has a 1 year low of $81.62 and a 1 year high of $157.60. The firm has a 50 day moving average of $139.39 and a 200-day moving average of $132.36.

Northern Trust (NASDAQ:NTRS) last released 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 return on equity of 14.87% and a net margin of 12.15%.The business had revenue of $3.15 billion for the quarter. During the same quarter last year, the company earned $2.26 earnings per share. The firm’s revenue was up 8.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Northern Trust Corporation will post 8.27 EPS for the current fiscal year.

Northern Trust Dividend Announcement

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

Insiders Place Their Bets

In related news, Director Robert Edward Jr. Moritz purchased 3,891 shares of Northern Trust stock in a transaction that occurred on Tuesday, November 4th. The shares were acquired at an average price of $128.57 per share, for a total transaction of $500,265.87. Following the transaction, the director directly owned 6,686 shares in the company, valued at approximately $859,619.02. This represents a 139.21% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider John Landers sold 766 shares of the stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $124.35, for a total transaction of $95,252.10. Following the sale, the insider directly owned 7,313 shares in the company, valued at approximately $909,371.55. This represents a 9.48% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 53,357 shares of company stock valued at $7,370,987. 0.77% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Royal Bank Of Canada upped their target price on shares of Northern Trust from $139.00 to $159.00 and gave the company an “outperform” rating in a research note on Friday, January 23rd. TD Cowen lifted their price objective on Northern Trust from $165.00 to $175.00 and gave the company a “buy” rating in a report on Monday. Citigroup upped their price objective on Northern Trust from $143.00 to $162.00 and gave the company a “neutral” rating in a research note on Tuesday. Wall Street Zen upgraded Northern Trust from a “sell” rating to a “hold” rating in a research report on Saturday, December 27th. Finally, Truist Financial set a $148.00 price target on Northern Trust in a research note on Wednesday, January 7th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $148.75.

Northern Trust Profile

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.