Cura Wealth Advisors LLC Makes New $677,000 Investment in Northern Trust Corporation $NTRS

Cura Wealth Advisors LLC acquired a new position in shares of Northern Trust Corporation (NASDAQ:NTRS) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 3,897 shares of the asset manager’s stock, valued at approximately $677,000.

A number of other large investors have also recently made changes to their positions in the stock. Empowered Funds LLC lifted its position in Northern Trust by 13.3% during the 1st quarter. Empowered Funds LLC now owns 20,112 shares of the asset manager’s stock worth $1,984,000 after acquiring an additional 2,363 shares during the period. Woodline Partners LP grew its stake in Northern Trust by 39.1% during the 1st quarter. Woodline Partners LP now owns 16,557 shares of the asset manager’s stock valued at $1,633,000 after purchasing an additional 4,653 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Northern Trust by 79.0% in the second quarter. EverSource Wealth Advisors LLC now owns 1,350 shares of the asset manager’s stock valued at $171,000 after purchasing an additional 596 shares during the period. WINTON GROUP Ltd acquired a new position in shares of Northern Trust in the second quarter valued at about $267,000. Finally, Daiwa Securities Group Inc. raised its stake in shares of Northern Trust by 4.6% in the second quarter. Daiwa Securities Group Inc. now owns 29,290 shares of the asset manager’s stock worth $3,714,000 after purchasing an additional 1,275 shares during the last quarter. 83.19% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Wells Fargo & Company increased their price target on shares of Northern Trust from $189.00 to $194.00 and gave the stock an “equal weight” rating in a report on Thursday, July 23rd. JPMorgan Chase & Co. upped their price objective on shares of Northern Trust from $179.50 to $185.50 and gave the company a “neutral” rating in a report on Tuesday, August 4th. Keefe, Bruyette & Woods boosted their target price on shares of Northern Trust from $157.00 to $175.00 and gave the company an “underperform” rating in a research report on Thursday, July 9th. Royal Bank Of Canada downgraded Northern Trust from an “outperform” rating to a “sector perform” rating and set a $178.00 price target on the stock. in a research report on Wednesday, July 22nd. Finally, Barclays lifted their price objective on Northern Trust from $176.00 to $189.00 and gave the company an “equal weight” rating in a research note on Thursday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $180.68.

Northern Trust Stock Performance

Shares of NASDAQ NTRS opened at $191.41 on Monday. The company’s fifty day moving average price is $179.86 and its 200 day moving average price is $162.07. Northern Trust Corporation has a 1 year low of $121.12 and a 1 year high of $195.78. The company has a market capitalization of $35.02 billion, a PE ratio of 16.43, a price-to-earnings-growth ratio of 1.08 and a beta of 1.25. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.65 and a current 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%.

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 Company 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.