Vise Technologies Inc. Invests $896,000 in Northern Trust Corporation $NTRS

Vise Technologies Inc. purchased a new position in shares of Northern Trust Corporation (NASDAQ:NTRS) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 5,153 shares of the asset manager’s stock, valued at approximately $896,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Concurrent Investment Advisors LLC purchased a new position in Northern Trust during the fourth quarter worth about $1,959,000. Goldman Sachs Group Inc. boosted its holdings in Northern Trust by 5.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,894,755 shares of the asset manager’s stock valued at $395,395,000 after purchasing an additional 161,826 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in Northern Trust by 1,838.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 180,034 shares of the asset manager’s stock valued at $22,793,000 after purchasing an additional 170,745 shares in the last quarter. PFA Pension Forsikringsaktieselskab acquired a new position in Northern Trust during the 4th quarter worth approximately $67,126,000. Finally, Strs Ohio increased its position in Northern Trust by 83.0% during the 4th quarter. Strs Ohio now owns 136,403 shares of the asset manager’s stock worth $18,631,000 after purchasing an additional 61,858 shares during the period. 83.19% of the stock is currently owned by hedge funds and other institutional investors.

Northern Trust Stock Performance

Shares of NTRS stock opened at $183.90 on Monday. The stock has a fifty day moving average price of $181.52 and a 200 day moving average price of $163.35. 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 stock has a market cap of $33.65 billion, a PE ratio of 15.79, a P/E/G ratio of 1.04 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 (NASDAQ:NTRS) last announced its quarterly earnings results on Wednesday, July 22nd. The asset manager reported $4.23 earnings per share for the quarter, beating analysts’ consensus estimates of $2.71 by $1.52. The business had revenue of $2.71 billion during the quarter, compared to analysts’ expectations of $2.69 billion. Northern Trust had a return on equity of 16.91% and a net margin of 14.76%.The business’s revenue for the quarter was up 35.1% on a year-over-year basis. During the same quarter last year, the business posted $2.13 earnings per share. Sell-side analysts forecast that Northern Trust Corporation will post 11.59 earnings per share for the current fiscal year.

Northern Trust Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders 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 an increase from Northern Trust’s previous quarterly dividend of $0.80. This represents a $3.52 dividend on an annualized basis and a yield of 1.9%. Northern Trust’s dividend payout ratio (DPR) is presently 27.47%.

Analysts Set New Price Targets

NTRS has been the subject of several recent analyst reports. Evercore set a $179.00 price target on Northern Trust in a report on Monday, July 6th. Wells Fargo & Company increased their price objective on Northern Trust from $189.00 to $194.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 23rd. Citigroup raised their target price on Northern Trust from $162.00 to $172.00 and gave the company a “neutral” rating in a report on Tuesday, June 30th. Barclays boosted their target price on shares of Northern Trust from $176.00 to $189.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 23rd. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Northern Trust in a report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Northern Trust currently has an average rating of “Hold” and an average target price of $180.68.

Insider Transactions at Northern Trust

In other Northern Trust news, Director Robert Edward Jr. Moritz purchased 255 shares of Northern Trust 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 acquisition, the director directly 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. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.66% of the company’s stock.

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.