CVA Family Office LLC Increases Holdings in Northern Trust Corporation $NTRS

CVA Family Office LLC increased its stake in Northern Trust Corporation (NASDAQ:NTRS) by 9.4% during the second quarter, according to its most recent filing with the SEC. The fund owned 1,287 shares of the asset manager’s stock after buying an additional 111 shares during the quarter. CVA Family Office LLC’s holdings in Northern Trust were worth $163,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. FNY Investment Advisers LLC purchased a new position in Northern Trust in the second quarter valued at about $25,000. GFG Capital LLC purchased a new position in Northern Trust in the second quarter valued at approximately $35,000. Zions Bancorporation National Association UT bought a new position in Northern Trust during the first quarter valued at $29,000. Harbor Investment Advisory LLC grew its holdings in Northern Trust by 68.4% during the second quarter. Harbor Investment Advisory LLC now owns 320 shares of the asset manager’s stock valued at $41,000 after purchasing an additional 130 shares during the period. Finally, Wayfinding Financial LLC purchased a new stake in Northern Trust in the first quarter worth $35,000. Hedge funds and other institutional investors own 83.19% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on NTRS. Barclays increased their price target on Northern Trust from $128.00 to $136.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 24th. Cowen reiterated a “buy” rating on shares of Northern Trust in a research report on Thursday. Royal Bank Of Canada set a $123.00 target price on shares of Northern Trust and gave the stock an “outperform” rating in a research note on Monday, June 30th. BMO Capital Markets started coverage on shares of Northern Trust in a research note on Friday, October 3rd. They set a “market perform” rating and a $142.00 price target on the stock. Finally, Evercore ISI raised their price objective on shares of Northern Trust from $125.00 to $135.00 and gave the stock an “in-line” rating in a report on Tuesday, September 30th. Five investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, Northern Trust presently has a consensus rating of “Hold” and an average target price of $130.71.

Northern Trust Stock Performance

Northern Trust stock opened at $126.03 on Friday. Northern Trust Corporation has a 1-year low of $81.62 and a 1-year high of $135.48. The company has a current ratio of 0.70, a quick ratio of 0.72 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $24.10 billion, a PE ratio of 14.69, a price-to-earnings-growth ratio of 1.41 and a beta of 1.31. The firm’s 50 day simple moving average is $129.59 and its 200 day simple moving average is $118.12.

Northern Trust (NASDAQ:NTRS) last announced its quarterly earnings results on Wednesday, October 22nd. The asset manager reported $2.29 EPS for the quarter, beating the consensus estimate of $2.26 by $0.03. The firm had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $2.02 billion. Northern Trust had a net margin of 11.99% and a return on equity of 14.37%. The business’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period last year, the firm earned $2.22 EPS. As a group, analysts expect that Northern Trust Corporation will post 8.27 earnings per share for the current fiscal year.

Northern Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 1st. Shareholders of record on Friday, December 5th will be paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Friday, December 5th. Northern Trust’s dividend payout ratio is currently 37.30%.

Insider Buying and Selling at Northern Trust

In other Northern Trust news, Director Robert Edward Jr. Moritz purchased 256 shares of the company’s stock in a transaction dated Wednesday, August 13th. The stock was purchased at an average price of $126.34 per share, for a total transaction of $32,343.04. Following the transaction, 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 transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.77% of the stock is currently owned by insiders.

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.