Van Hulzen Asset Management LLC Takes Position in Northern Trust Corporation $NTRS

Van Hulzen Asset Management LLC purchased a new stake in Northern Trust Corporation (NASDAQ:NTRS) during the second quarter, according to its most recent filing with the SEC. The firm purchased 16,664 shares of the asset manager’s stock, valued at approximately $2,897,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. V Square Quantitative Management LLC grew its holdings in Northern Trust by 1.3% during 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 raised its holdings in Northern Trust by 2.0% in 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 during the period. SJS Investment Consulting Inc. boosted its position in shares of Northern Trust by 16.5% during the first quarter. SJS Investment Consulting Inc. now owns 559 shares of the asset manager’s stock worth $78,000 after purchasing an additional 79 shares in the last quarter. Compound Planning Inc. boosted its position in shares of Northern Trust by 4.7% during the first quarter. Compound Planning Inc. now owns 1,770 shares of the asset manager’s stock worth $247,000 after purchasing an additional 79 shares in the last quarter. Finally, OLD National Bancorp IN grew its holdings in shares of Northern Trust by 3.2% in the 1st quarter. OLD National Bancorp IN now owns 2,663 shares of the asset manager’s stock valued at $372,000 after buying an additional 83 shares during the period. Institutional investors own 83.19% of the company’s stock.

Insider Buying and Selling at Northern Trust

In other news, Director Robert Edward Jr. Moritz acquired 255 shares of the firm’s stock in a transaction that occurred on Wednesday, July 29th. The stock was acquired at an average cost of $179.57 per share, for a total transaction of $45,790.35. Following the completion of the acquisition, the director owned 8,400 shares in the company, valued at $1,508,388. This represents a 3.13% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.66% of the stock is owned by corporate insiders.

Northern Trust Trading Up 1.5%

Shares of NASDAQ:NTRS opened at $186.66 on Tuesday. Northern Trust Corporation has a 12 month low of $121.12 and a 12 month high of $195.78. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.43. The company’s fifty day simple moving average is $181.79 and its 200 day simple moving average is $163.61. The firm has a market cap of $34.15 billion, a price-to-earnings ratio of 16.02, a PEG ratio of 1.04 and a beta of 1.25.

Northern Trust (NASDAQ:NTRS) last announced its earnings results on Wednesday, July 22nd. The asset manager reported $4.23 earnings per share for the quarter, topping analysts’ consensus estimates of $2.71 by $1.52. The firm had revenue of $2.71 billion during the quarter, compared to analyst estimates of $2.69 billion. Northern Trust had a net margin of 14.76% and a return on equity of 16.91%. The company’s revenue for the quarter was up 35.1% compared to the same quarter last year. During the same period in the prior year, the business earned $2.13 EPS. As a group, research analysts forecast that Northern Trust Corporation will post 11.59 EPS for the current fiscal year.

Northern Trust Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Friday, September 4th will be issued a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.9%. This is a positive change from Northern Trust’s previous quarterly dividend of $0.80. The ex-dividend date is Friday, September 4th. Northern Trust’s dividend payout ratio is presently 27.47%.

Analysts Set New Price Targets

A number of analysts recently commented on NTRS shares. Truist Financial upped their price objective on shares of Northern Trust from $176.00 to $186.00 and gave the company a “hold” rating in a research report on Friday, June 26th. Evercore set a $179.00 target price on Northern Trust in a research note on Monday, July 6th. Wells Fargo & Company increased their price target on Northern Trust from $189.00 to $194.00 and gave the stock an “equal weight” rating in a report on Thursday, July 23rd. Barclays raised their price target on Northern Trust from $176.00 to $189.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 23rd. Finally, Royal Bank Of Canada cut Northern Trust from an “outperform” rating to a “sector perform” rating and set a $178.00 price objective on the stock. in a report on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus 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.