25,717 Shares in Northern Trust Corporation $NTRS Bought by D L Carlson Investment Group Inc.

D L Carlson Investment Group Inc. bought a new position in Northern Trust Corporation (NASDAQ:NTRS) in the 2nd quarter, Holdings Channel reports. The firm bought 25,717 shares of the asset manager’s stock, valued at approximately $4,471,000.

A number of other large investors also recently bought and sold shares of NTRS. Vise Technologies Inc. purchased a new stake in shares of Northern Trust during the second quarter valued at $896,000. Edmond DE Rothschild Holding S.A. purchased a new position in Northern Trust in the 2nd quarter worth about $199,000. Csenge Advisory Group purchased a new position in Northern Trust in the 2nd quarter worth about $287,000. Johnson Financial Group Inc. bought a new stake in Northern Trust during the 2nd quarter valued at about $106,000. Finally, Tocqueville Asset Management L.P. purchased a new stake in Northern Trust in the 2nd quarter valued at about $265,000. Hedge funds and other institutional investors own 83.19% of the company’s stock.

Insider Activity

In related news, Director Robert Edward Jr. Moritz purchased 255 shares of the business’s stock in a transaction dated Wednesday, July 29th. The shares were acquired at an average cost 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 $1,508,388. The trade was a 3.13% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.66% of the company’s stock.

Northern Trust Trading Down 1.6%

NASDAQ NTRS opened at $182.51 on Friday. Northern Trust Corporation has a one year low of $121.12 and a one year 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 company has a market capitalization of $33.39 billion, a price-to-earnings ratio of 15.67, a price-to-earnings-growth ratio of 1.04 and a beta of 1.25. The company’s 50-day simple moving average is $181.32 and its two-hundred day simple moving average is $163.13.

Northern Trust (NASDAQ:NTRS) last released its quarterly earnings data on Wednesday, July 22nd. The asset manager reported $4.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.71 by $1.52. The firm had revenue of $2.71 billion for the quarter, compared to the consensus estimate of $2.69 billion. Northern Trust had a net margin of 14.76% and a return on equity of 16.91%. The company’s quarterly revenue was up 35.1% on a year-over-year basis. During the same period last year, the firm earned $2.13 earnings per share. Equities analysts forecast that Northern Trust Corporation will post 11.59 EPS for the current fiscal year.

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 given a dividend of $0.88 per share. 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. This represents a $3.52 annualized dividend and a yield of 1.9%. Northern Trust’s payout ratio is 27.47%.

Analyst Ratings Changes

NTRS has been the topic of a number of research analyst reports. Royal Bank Of Canada downgraded shares of Northern Trust from an “outperform” rating to a “sector perform” rating and set a $178.00 target price on the stock. in a research note on Wednesday, July 22nd. Wells Fargo & Company boosted their price target on Northern Trust from $189.00 to $194.00 and gave the company an “equal weight” rating in a report on Thursday, July 23rd. UBS Group set a $186.00 price objective on Northern Trust in a research note on Friday, June 26th. Evercore set a $179.00 price objective on Northern Trust in a report on Monday, July 6th. Finally, JPMorgan Chase & Co. upped their target price on Northern Trust from $179.50 to $185.50 and gave the stock a “neutral” rating in a report on Tuesday, August 4th. One 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 assigned a Sell rating to the stock. According to MarketBeat, Northern Trust has a consensus rating of “Hold” and an average price target 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.