One Wealth Advisors LLC Invests $528,000 in Northern Trust Corporation $NTRS

One 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 3,036 shares of the asset manager’s stock, valued at approximately $528,000.

Other institutional investors have also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC raised its position in Northern Trust by 1.3% during the first quarter. V Square Quantitative Management LLC now owns 4,793 shares of the asset manager’s stock worth $669,000 after acquiring an additional 61 shares during the period. CWS Financial Advisors LLC grew its position in shares of Northern Trust by 2.0% in the first quarter. CWS Financial Advisors LLC now owns 3,997 shares of the asset manager’s stock valued at $558,000 after purchasing an additional 77 shares during the period. SJS Investment Consulting Inc. grew its position in shares of Northern Trust by 16.5% in the first quarter. SJS Investment Consulting Inc. now owns 559 shares of the asset manager’s stock valued at $78,000 after purchasing an additional 79 shares during the period. Compound Planning Inc. increased its stake in shares of Northern Trust by 4.7% during the first quarter. Compound Planning Inc. now owns 1,770 shares of the asset manager’s stock worth $247,000 after purchasing an additional 79 shares in the last quarter. Finally, OLD National Bancorp IN raised its position in shares of Northern Trust by 3.2% during the 1st quarter. OLD National Bancorp IN now owns 2,663 shares of the asset manager’s stock worth $372,000 after purchasing an additional 83 shares during the last quarter. Institutional investors and hedge funds own 83.19% of the company’s stock.

Insider Buying and Selling at Northern Trust

In related news, Director Robert Edward Jr. Moritz bought 255 shares of the company’s stock in a transaction that occurred on Wednesday, July 29th. The stock was purchased at an average price of $179.57 per share, for a total transaction of $45,790.35. Following the acquisition, the director 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 acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.66% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on NTRS. JPMorgan Chase & Co. raised their price target on shares of Northern Trust from $179.50 to $185.50 and gave the company a “neutral” rating in a research note on Tuesday, August 4th. Royal Bank Of Canada cut Northern Trust from an “outperform” rating to a “sector perform” rating and set a $178.00 target price for the company. in a report on Wednesday, July 22nd. Citigroup raised their target price on Northern Trust from $162.00 to $172.00 and gave the company a “neutral” rating in a research report on Tuesday, June 30th. Barclays lifted their price target on Northern Trust from $176.00 to $189.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 23rd. Finally, Weiss Ratings reaffirmed 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. Based on data from MarketBeat, Northern Trust presently has an average rating of “Hold” and an average price target of $180.68.

Northern Trust Trading Up 0.5%

NTRS opened at $191.41 on Friday. The stock has a market capitalization of $35.02 billion, a PE ratio of 16.43, a P/E/G ratio of 1.08 and a beta of 1.25. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.65 and a current ratio of 0.65. Northern Trust Corporation has a one year low of $121.12 and a one year high of $195.78. The business’s 50 day moving average price is $179.86 and its 200 day moving average price is $161.99.

Northern Trust Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Friday, September 4th will be paid a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 1.8%. This is a boost from Northern Trust’s previous quarterly dividend of $0.80. The ex-dividend date of this dividend is Friday, September 4th. Northern Trust’s payout ratio is 27.47%.

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.