60,251 Shares in Northern Trust Corporation $NTRS Acquired by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio acquired a new stake in Northern Trust Corporation (NASDAQ:NTRS) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 60,251 shares of the asset manager’s stock, valued at approximately $10,474,000.

Other institutional investors have also added to or reduced their stakes in the company. V Square Quantitative Management LLC lifted its holdings in shares of Northern Trust by 1.3% during the first quarter. V Square Quantitative Management LLC now owns 4,793 shares of the asset manager’s stock valued at $669,000 after purchasing an additional 61 shares in the last quarter. CWS Financial Advisors LLC raised its holdings in shares of Northern Trust by 2.0% during the first quarter. CWS Financial Advisors LLC now owns 3,997 shares of the asset manager’s stock valued at $558,000 after purchasing an additional 77 shares during the last quarter. SJS Investment Consulting Inc. lifted its position in Northern Trust by 16.5% during the first quarter. SJS Investment Consulting Inc. now owns 559 shares of the asset manager’s stock valued at $78,000 after purchasing an additional 79 shares during the period. Compound Planning Inc. lifted its position in Northern Trust by 4.7% during the first quarter. Compound Planning Inc. now owns 1,770 shares of the asset manager’s stock valued at $247,000 after purchasing an additional 79 shares during the period. Finally, OLD National Bancorp IN boosted its holdings in Northern Trust by 3.2% in the first quarter. OLD National Bancorp IN now owns 2,663 shares of the asset manager’s stock worth $372,000 after purchasing an additional 83 shares during the last quarter. 83.19% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

NTRS has been the subject of a number of research reports. JPMorgan Chase & Co. boosted their target price on shares of Northern Trust from $179.50 to $185.50 and gave the company a “neutral” rating in a research note on Tuesday, August 4th. Keefe, Bruyette & Woods lifted their price objective on Northern Trust from $157.00 to $175.00 and gave the stock an “underperform” rating in a report on Thursday, July 9th. Bank of America upped their price objective on Northern Trust from $190.00 to $200.00 and gave the company a “buy” rating in a research report on Tuesday, July 7th. Royal Bank Of Canada downgraded Northern Trust from an “outperform” rating to a “sector perform” rating and set a $178.00 price target for the company. in a research note on Wednesday, July 22nd. Finally, Zacks Research lowered shares of Northern Trust from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 25th. Four investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Northern Trust presently has a consensus rating of “Hold” and a consensus price target of $180.68.

Insider Buying and Selling

In other Northern Trust news, EVP Thomas A. South sold 1,800 shares of Northern Trust stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $184.90, for a total transaction of $332,820.00. Following the transaction, the executive vice president owned 92,917 shares of the company’s stock, valued at $17,180,353.30. The trade was a 1.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert Edward Jr. Moritz purchased 255 shares of the company’s stock in a transaction on Wednesday, July 29th. The stock was purchased at an average price of $179.57 per share, with a total value of $45,790.35. Following the completion of the transaction, the director owned 8,400 shares of the company’s stock, valued at approximately $1,508,388. This trade represents a 3.13% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 0.66% of the company’s stock.

Northern Trust Price Performance

NASDAQ NTRS opened at $185.56 on Tuesday. The company has a market capitalization of $33.95 billion, a PE ratio of 15.93, a price-to-earnings-growth ratio of 1.05 and a beta of 1.25. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.65 and a current ratio of 0.65. The business’s fifty day moving average is $183.06 and its 200 day moving average is $164.87. Northern Trust Corporation has a fifty-two week low of $121.12 and a fifty-two week high of $195.78.

Northern Trust (NASDAQ:NTRS) last released its quarterly earnings results on Wednesday, July 22nd. The asset manager reported $4.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.71 by $1.52. The business had revenue of $2.71 billion during the quarter, compared to analyst estimates of $2.69 billion. Northern Trust had a return on equity of 16.91% and a net margin of 14.76%.Northern Trust’s revenue for the quarter was up 35.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.13 earnings per share. Sell-side analysts predict that Northern Trust Corporation will post 11.59 earnings per share for the current year.

Northern Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Friday, September 4th will be paid a dividend of $0.88 per share. This is a boost from Northern Trust’s previous quarterly dividend of $0.80. The ex-dividend date is Friday, September 4th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.9%. Northern Trust’s dividend payout ratio is presently 27.47%.

Northern Trust Company 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.