1,907 Shares in Northern Trust Corporation $NTRS Bought by Brighton Jones LLC

Brighton Jones LLC acquired a new position in shares of Northern Trust Corporation (NASDAQ:NTRS) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,907 shares of the asset manager’s stock, valued at approximately $242,000.

A number of other large investors also recently modified their holdings of NTRS. Amalgamated Bank boosted its stake in shares of Northern Trust by 0.5% during the 1st quarter. Amalgamated Bank now owns 38,065 shares of the asset manager’s stock worth $3,755,000 after buying an additional 172 shares during the last quarter. Mather Group LLC. boosted its stake in shares of Northern Trust by 20.9% during the 1st quarter. Mather Group LLC. now owns 3,426 shares of the asset manager’s stock worth $338,000 after buying an additional 592 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of Northern Trust by 2.2% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 21,703 shares of the asset manager’s stock worth $2,141,000 after buying an additional 467 shares during the last quarter. Calamos Advisors LLC boosted its stake in shares of Northern Trust by 1.1% during the 1st quarter. Calamos Advisors LLC now owns 79,109 shares of the asset manager’s stock worth $7,804,000 after buying an additional 881 shares during the last quarter. Finally, OneDigital Investment Advisors LLC raised its holdings in shares of Northern Trust by 58.3% in the 1st quarter. OneDigital Investment Advisors LLC now owns 3,102 shares of the asset manager’s stock valued at $306,000 after purchasing an additional 1,142 shares during the period. 83.19% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Northern Trust

In other Northern Trust news, Director Robert Edward Jr. Moritz bought 270 shares of the stock in a transaction dated Monday, October 27th. The shares were bought at an average cost of $126.66 per share, with a total value of $34,198.20. Following the completion of the acquisition, the director owned 2,795 shares of the company’s stock, valued at $354,014.70. This trade represents a 10.69% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.77% of the company’s stock.

Analyst Ratings Changes

NTRS has been the topic of a number of research analyst reports. Wolfe Research raised shares of Northern Trust from an “underperform” rating to a “peer perform” rating in a report on Thursday, July 24th. Wall Street Zen cut shares of Northern Trust from a “hold” rating to a “sell” rating in a report on Saturday, October 25th. Wells Fargo & Company upped their target price on shares of Northern Trust from $127.00 to $131.00 and gave the company an “equal weight” rating in a report on Thursday, October 23rd. Evercore ISI upped their target price on shares of Northern Trust from $125.00 to $135.00 and gave the company an “in-line” rating in a report on Tuesday, September 30th. Finally, Cowen reaffirmed a “buy” rating on shares of Northern Trust in a report on Thursday, October 23rd. Five research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $130.71.

Northern Trust Stock Up 1.4%

Northern Trust stock opened at $128.67 on Friday. The stock has a market cap of $24.61 billion, a P/E ratio of 15.00, a P/E/G ratio of 1.37 and a beta of 1.31. The company has a quick ratio of 0.72, a current ratio of 0.70 and a debt-to-equity ratio of 0.58. Northern Trust Corporation has a twelve month low of $81.62 and a twelve month high of $135.48. The company’s 50-day moving average price is $129.52 and its two-hundred day moving average price is $119.39.

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

Northern Trust Dividend Announcement

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

About Northern Trust

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.