Securian Asset Management Inc. Sells 200 Shares of Northern Trust Corporation $NTRS

Securian Asset Management Inc. lessened its stake in shares of Northern Trust Corporation (NASDAQ:NTRS) by 1.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,091 shares of the asset manager’s stock after selling 200 shares during the period. Securian Asset Management Inc.’s holdings in Northern Trust were worth $1,279,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of NTRS. DekaBank Deutsche Girozentrale grew its holdings in shares of Northern Trust by 0.6% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 43,871 shares of the asset manager’s stock valued at $5,459,000 after purchasing an additional 278 shares during the last quarter. Chicago Partners Investment Group LLC boosted its stake in shares of Northern Trust by 30.1% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 3,249 shares of the asset manager’s stock valued at $404,000 after purchasing an additional 752 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Northern Trust during the 2nd quarter worth approximately $44,186,000. Nordea Investment Management AB boosted its position in shares of Northern Trust by 8.9% during the 2nd quarter. Nordea Investment Management AB now owns 16,530 shares of the asset manager’s stock worth $2,086,000 after purchasing an additional 1,349 shares in the last quarter. Finally, Empirical Asset Management LLC boosted its holdings in Northern Trust by 18.3% in the second quarter. Empirical Asset Management LLC now owns 8,321 shares of the asset manager’s stock worth $1,055,000 after acquiring an additional 1,290 shares in the last quarter. 83.19% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on NTRS. Wells Fargo & Company raised their price target on shares of Northern Trust from $127.00 to $131.00 and gave the company an “equal weight” rating in a research report on Thursday. Zacks Research lowered Northern Trust from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 9th. Wall Street Zen upgraded Northern Trust from a “sell” rating to a “hold” rating in a research note on Friday, September 26th. Morgan Stanley lifted their price objective on shares of Northern Trust from $110.00 to $131.00 and gave the stock an “underweight” rating in a research report on Monday, September 29th. Finally, The Goldman Sachs Group set a $135.00 price target on shares of Northern Trust in a report on Tuesday, September 30th. Five equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $130.71.

Northern Trust Stock Down 0.6%

Shares of NASDAQ NTRS opened at $124.74 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.70 and a quick ratio of 0.72. Northern Trust Corporation has a one year low of $81.62 and a one year high of $135.48. The firm’s 50 day simple moving average is $129.59 and its two-hundred day simple moving average is $117.60. The stock has a market capitalization of $23.85 billion, a P/E ratio of 14.54, a PEG ratio of 1.40 and a beta of 1.31.

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

Northern Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 1st. Stockholders of record on Friday, December 5th will be given a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Friday, December 5th. Northern Trust’s payout ratio is currently 37.60%.

Insider Buying and Selling

In other news, Director Robert Edward Jr. Moritz acquired 256 shares of the business’s stock in a transaction that occurred on Wednesday, August 13th. The shares were bought at an average cost of $126.34 per share, with a total value of $32,343.04. Following the transaction, the director owned 2,525 shares of the company’s stock, valued at $319,008.50. This trade represents a 11.28% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.77% of the company’s stock.

Northern Trust 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.