Robert Edward Jr. Moritz Acquires 255 Shares of Northern Trust (NASDAQ:NTRS) Stock

Northern Trust Corporation (NASDAQ:NTRS) Director Robert Edward Jr. Moritz purchased 255 shares of Northern Trust stock in a transaction that occurred 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 transaction, the director owned 8,400 shares of the company’s stock, valued at $1,508,388. This represents a 3.13% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Robert Edward Jr. Moritz also recently made the following trade(s):

• On Friday, May 1st, Robert Edward Jr. Moritz acquired 225 shares of Northern Trust stock. The stock was bought at an average price of $166.41 per share, for a total transaction of $37,442.25.

Northern Trust Price Performance

Shares of NASDAQ NTRS opened at $182.19 on Friday. The stock has a market capitalization of $33.71 billion, a price-to-earnings ratio of 15.64, a PEG ratio of 1.03 and a beta of 1.25. Northern Trust Corporation has a 12 month low of $121.12 and a 12 month high of $191.60. The firm’s 50 day simple moving average is $176.30 and its 200-day simple moving average is $159.17. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.65 and a quick ratio of 0.62.

Northern Trust Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Friday, September 4th will be issued a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 1.9%. 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 currently 27.47%.

Analyst Ratings Changes

A number of research analysts have weighed in on NTRS shares. Wells Fargo & Company lifted their price objective on shares of Northern Trust from $189.00 to $194.00 and gave the company an “equal weight” rating in a report on Thursday, July 23rd. Bank of America increased their target price on shares of Northern Trust from $190.00 to $200.00 and gave the stock a “buy” rating in a research note on Tuesday, July 7th. UBS Group set a $186.00 target price on Northern Trust in a research report on Friday, June 26th. JPMorgan Chase & Co. lifted their price target on Northern Trust from $170.00 to $179.50 and gave the company a “neutral” rating in a research note on Monday, July 6th. Finally, Weiss Ratings raised Northern Trust from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $180.25.

Hedge Funds Weigh In On Northern Trust

Large investors have recently added to or reduced their stakes in the stock. V Square Quantitative Management LLC grew its position in shares of Northern Trust by 1.3% in the first quarter. V Square Quantitative Management LLC now owns 4,793 shares of the asset manager’s stock valued at $669,000 after purchasing an additional 61 shares during the period. CWS Financial Advisors LLC increased its stake in shares of Northern Trust by 2.0% during the first quarter. CWS Financial Advisors LLC now owns 3,997 shares of the asset manager’s stock worth $558,000 after purchasing an additional 77 shares in the last quarter. SJS Investment Consulting Inc. raised its position in shares of Northern Trust by 16.5% during the 1st quarter. SJS Investment Consulting Inc. now owns 559 shares of the asset manager’s stock worth $78,000 after purchasing an additional 79 shares during the last quarter. Compound Planning Inc. raised its position in shares of Northern Trust by 4.7% during the 1st quarter. Compound Planning Inc. now owns 1,770 shares of the asset manager’s stock worth $247,000 after purchasing an additional 79 shares during the last quarter. Finally, Apollon Wealth Management LLC lifted its stake in Northern Trust by 1.9% in the 4th quarter. Apollon Wealth Management LLC now owns 4,379 shares of the asset manager’s stock valued at $598,000 after buying an additional 81 shares in the last quarter. 83.19% of the stock is currently owned by institutional investors and hedge funds.

About Northern Trust

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.