Cura Wealth Advisors LLC Invests $677,000 in Northern Trust Corporation $NTRS

Cura Wealth Advisors LLC bought a new stake in shares of Northern Trust Corporation (NASDAQ:NTRS) during the second quarter, Holdings Channel reports. The fund bought 3,897 shares of the asset manager’s stock, valued at approximately $677,000.

A number of other institutional investors have also recently added to or reduced their stakes in NTRS. Reflection Asset Management acquired a new position in Northern Trust during the fourth quarter worth $25,000. Triumph Capital Management acquired a new stake in shares of Northern Trust in the third quarter valued at about $25,000. Basecamp Wealth Advisors LLC increased its stake in shares of Northern Trust by 99.0% during the first quarter. Basecamp Wealth Advisors LLC now owns 203 shares of the asset manager’s stock worth $28,000 after purchasing an additional 101 shares in the last quarter. Clearstead Trust LLC acquired a new position in shares of Northern Trust during the 2nd quarter worth about $37,000. Finally, Elyxium Wealth LLC purchased a new position in Northern Trust in the 4th quarter valued at about $34,000. Institutional investors and hedge funds own 83.19% of the company’s stock.

Northern Trust Stock Performance

Shares of Northern Trust stock opened at $191.41 on Monday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.65 and a quick ratio of 0.65. The stock’s 50 day simple moving average is $179.86 and its 200-day simple moving average is $162.07. The stock has a market cap of $35.02 billion, a P/E ratio of 16.43, a P/E/G ratio of 1.08 and a beta of 1.25. Northern Trust Corporation has a 1-year low of $121.12 and a 1-year high of $195.78.

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 given a dividend of $0.88 per share. The ex-dividend date is Friday, September 4th. This is a positive change from Northern Trust’s previous quarterly dividend of $0.80. This represents a $3.52 dividend on an annualized basis and a yield of 1.8%. Northern Trust’s dividend payout ratio (DPR) is 27.47%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on NTRS. The Goldman Sachs Group lifted their price objective on Northern Trust from $151.00 to $169.00 and gave the stock a “neutral” rating in a report on Wednesday, April 22nd. UBS Group set a $186.00 target price on Northern Trust in a research report on Friday, June 26th. Evercore set a $179.00 price target on Northern Trust in a research report on Monday, July 6th. Wells Fargo & Company raised their price objective on Northern Trust from $189.00 to $194.00 and gave the company an “equal weight” rating in a report on Thursday, July 23rd. Finally, Royal Bank Of Canada cut shares of Northern Trust from an “outperform” rating to a “sector perform” rating and set a $178.00 target price on the stock. in a research note on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $180.68.

Insiders Place Their Bets

In related news, Director Robert Edward Jr. Moritz acquired 255 shares of the stock in a transaction on Wednesday, July 29th. The shares were bought at an average price of $179.57 per share, with a total value of $45,790.35. Following the completion of the purchase, the director owned 8,400 shares of the company’s stock, valued at approximately $1,508,388. This represents a 3.13% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.66% of the company’s stock.

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.