One Wealth Advisors LLC Purchases Shares of 3,036 Northern Trust Corporation $NTRS

One Wealth Advisors LLC acquired a new stake in Northern Trust Corporation (NASDAQ:NTRS) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,036 shares of the asset manager’s stock, valued at approximately $528,000.

Several other institutional investors have also recently modified their holdings of the company. Triumph Capital Management acquired a new stake in Northern Trust during the 3rd quarter valued at approximately $25,000. Reflection Asset Management purchased a new stake in shares of Northern Trust in the 4th quarter valued at $25,000. Basecamp Wealth Advisors LLC increased its stake in shares of Northern Trust by 99.0% in the first quarter. Basecamp Wealth Advisors LLC now owns 203 shares of the asset manager’s stock worth $28,000 after acquiring an additional 101 shares during the period. Elyxium Wealth LLC acquired a new stake in shares of Northern Trust in the fourth quarter worth $34,000. Finally, International Assets Investment Management LLC purchased a new position in shares of Northern Trust during the fourth quarter worth $35,000. 83.19% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Citigroup boosted their target price on shares of Northern Trust from $162.00 to $172.00 and gave the company a “neutral” rating in a research report on Tuesday, June 30th. Zacks Research upgraded Northern Trust from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. Barclays boosted their price objective on Northern Trust from $176.00 to $189.00 and gave the company an “equal weight” rating in a report on Thursday, July 23rd. Weiss Ratings restated a “buy (b)” rating on shares of Northern Trust in a research note on Friday, July 31st. Finally, UBS Group set a $186.00 target price on Northern Trust in a report on Friday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Northern Trust presently has an average rating of “Hold” and an average target price of $180.68.

Insider Activity

In other news, Director Robert Edward Jr. Moritz bought 255 shares of the stock in a transaction dated Wednesday, July 29th. The shares were acquired at an average cost of $179.57 per share, with a total value of $45,790.35. Following the purchase, the director directly owned 8,400 shares in the company, valued at $1,508,388. The trade was a 3.13% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.66% of the stock is currently owned by insiders.

Northern Trust Stock Performance

NTRS opened at $191.41 on Friday. The firm has a fifty day moving average price of $179.86 and a 200 day moving average price of $161.99. Northern Trust Corporation has a 1 year low of $121.12 and a 1 year high of $195.78. The stock has a market cap of $35.02 billion, a P/E 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 current ratio of 0.65 and a quick ratio of 0.65.

Northern Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Friday, September 4th will be given a $0.88 dividend. This represents a $3.52 dividend on an annualized basis 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 is Friday, September 4th. Northern Trust’s payout ratio is currently 27.47%.

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.