Danske Bank A S Buys 9,700 Shares of Northern Trust Corporation $NTRS

Danske Bank A S raised its stake in Northern Trust Corporation (NASDAQ:NTRS) by 7.7% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 136,430 shares of the asset manager’s stock after acquiring an additional 9,700 shares during the period. Danske Bank A S’s holdings in Northern Trust were worth $18,635,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. CWM LLC grew its holdings in shares of Northern Trust by 122.6% in the fourth quarter. CWM LLC now owns 48,284 shares of the asset manager’s stock worth $6,595,000 after purchasing an additional 26,594 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Northern Trust by 2.1% in the third quarter. Bank of New York Mellon Corp now owns 1,947,456 shares of the asset manager’s stock valued at $262,128,000 after acquiring an additional 40,048 shares in the last quarter. iSAM Funds UK Ltd bought a new stake in Northern Trust in the third quarter valued at $2,253,000. Barclays PLC boosted its holdings in Northern Trust by 62.4% in the third quarter. Barclays PLC now owns 1,042,084 shares of the asset manager’s stock valued at $140,265,000 after acquiring an additional 400,247 shares in the last quarter. Finally, Swiss Life Asset Management Ltd boosted its holdings in Northern Trust by 119.9% in the third quarter. Swiss Life Asset Management Ltd now owns 83,175 shares of the asset manager’s stock valued at $11,195,000 after acquiring an additional 45,356 shares in the last quarter. Institutional investors own 83.19% of the company’s stock.

Northern Trust Stock Performance

Shares of NTRS stock opened at $164.48 on Friday. Northern Trust Corporation has a 12 month low of $95.88 and a 12 month high of $173.18. The stock has a market cap of $30.48 billion, a PE ratio of 17.22, a price-to-earnings-growth ratio of 1.18 and a beta of 1.27. The company has a current ratio of 0.62, a quick ratio of 0.69 and a debt-to-equity ratio of 0.51. The company’s fifty day moving average price is $147.24 and its 200-day moving average price is $140.93.

Northern Trust (NASDAQ:NTRS) last announced its earnings results on Tuesday, April 21st. The asset manager reported $2.71 EPS for the quarter, beating analysts’ consensus estimates of $2.37 by $0.34. Northern Trust had a net margin of 12.84% and a return on equity of 15.94%. The firm had revenue of $2.21 billion for the quarter, compared to analysts’ expectations of $2.13 billion. During the same quarter in the previous year, the business posted $1.90 EPS. The company’s quarterly revenue was up 13.8% on a year-over-year basis. On average, equities analysts expect that Northern Trust Corporation will post 10.63 EPS for the current fiscal year.

Northern Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Friday, June 5th will be issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Friday, June 5th. Northern Trust’s payout ratio is 33.51%.

Analyst Ratings Changes

Several research firms recently weighed in on NTRS. Barclays lifted their price target on shares of Northern Trust from $160.00 to $176.00 and gave the company an “equal weight” rating in a report on Wednesday, April 22nd. The Goldman Sachs Group lifted their price target on shares of Northern Trust from $151.00 to $169.00 and gave the company a “neutral” rating in a report on Wednesday, April 22nd. Citigroup began coverage on shares of Northern Trust in a report on Monday, February 23rd. They issued a “neutral” rating on the stock. Truist Financial lifted their price target on shares of Northern Trust from $155.00 to $176.00 and gave the company a “hold” rating in a report on Wednesday, April 22nd. Finally, Evercore lifted their price target on shares of Northern Trust from $142.00 to $155.00 and gave the company an “in-line” rating in a report on Friday, January 23rd. Four research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $163.55.

Insider Activity

In other news, CFO David W. Fox, Jr. sold 19,987 shares of Northern Trust stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $166.16, for a total value of $3,321,039.92. Following the completion of the transaction, the chief financial officer owned 18,588 shares of the company’s stock, valued at $3,088,582.08. The trade was a 51.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard Petrino purchased 1,000 shares of the stock in a transaction dated Thursday, February 5th. The stock was bought at an average cost of $148.91 per share, with a total value of $148,910.00. Following the transaction, the director owned 3,332 shares in the company, valued at $496,168.12. The trade was a 42.88% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last quarter, insiders have sold 32,705 shares of company stock worth $5,211,464. 0.66% of the stock is currently owned by corporate insiders.

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.