Handelsbanken Fonder AB Has $5.46 Million Position in Northern Trust Corporation $NTRS

Handelsbanken Fonder AB lessened its holdings in Northern Trust Corporation (NASDAQ:NTRS) by 57.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,381 shares of the asset manager’s stock after selling 41,919 shares during the quarter. Handelsbanken Fonder AB’s holdings in Northern Trust were worth $5,455,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NTRS. State Street Corp grew its stake in Northern Trust by 1.0% during the third quarter. State Street Corp now owns 9,493,634 shares of the asset manager’s stock worth $1,285,236,000 after purchasing an additional 97,584 shares during the period. Invesco Ltd. lifted its position in Northern Trust by 8.7% in the 4th quarter. Invesco Ltd. now owns 3,747,840 shares of the asset manager’s stock valued at $511,917,000 after acquiring an additional 301,164 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Northern Trust by 5.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,894,755 shares of the asset manager’s stock valued at $395,395,000 after buying an additional 161,826 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Northern Trust by 1.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,455,996 shares of the asset manager’s stock worth $342,744,000 after acquiring an additional 36,322 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of Northern Trust by 4.3% during the first quarter. Bank of New York Mellon Corp now owns 2,036,137 shares of the asset manager’s stock valued at $284,184,000 after purchasing an additional 83,117 shares in the last quarter. 83.19% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Northern Trust

In other Northern Trust news, Director Robert Edward Jr. Moritz acquired 255 shares of the business’s stock in a transaction that occurred on Wednesday, July 29th. The stock was bought at an average cost of $179.57 per share, with a total value of $45,790.35. Following the acquisition, the director owned 8,400 shares in the company, valued at approximately $1,508,388. This represents a 3.13% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.66% of the company’s stock.

Northern Trust Trading Up 0.5%

Shares of Northern Trust stock opened at $191.41 on Friday. The stock has a market capitalization of $35.02 billion, a P/E ratio of 16.43, a P/E/G ratio of 1.07 and a beta of 1.25. Northern Trust Corporation has a 52-week low of $121.12 and a 52-week high of $195.78. 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’s 50-day simple moving average is $179.86 and its 200 day simple moving average is $161.99.

Northern Trust Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Friday, September 4th will be given a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 1.8%. This is an increase 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 presently 27.47%.

Analyst Ratings Changes

Several research firms have recently issued reports on NTRS. UBS Group set a $186.00 target price on Northern Trust in a report on Friday, June 26th. Morgan Stanley boosted their price target on shares of Northern Trust from $170.00 to $173.00 and gave the stock an “underweight” rating in a report on Thursday, July 23rd. Weiss Ratings restated a “buy (b)” rating on shares of Northern Trust in a research report on Friday, July 31st. Bank of America raised their price objective on shares of Northern Trust from $190.00 to $200.00 and gave the stock a “buy” rating in a report on Tuesday, July 7th. Finally, The Goldman Sachs Group boosted their target price on shares of Northern Trust from $151.00 to $169.00 and gave the company a “neutral” rating in a research note on Wednesday, April 22nd. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $180.68.

Northern Trust 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.