Dimensional Fund Advisors LP Boosts Stock Position in Northern Trust Co. (NASDAQ:NTRS)

Dimensional Fund Advisors LP increased its stake in Northern Trust Co. (NASDAQ:NTRS) by 12.3% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,003,675 shares of the asset manager’s stock after purchasing an additional 219,387 shares during the quarter. Dimensional Fund Advisors LP owned about 0.98% of Northern Trust worth $168,253,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NTRS. Olistico Wealth LLC purchased a new stake in Northern Trust in the 2nd quarter worth approximately $25,000. Innealta Capital LLC purchased a new stake in shares of Northern Trust in the second quarter worth $26,000. Spartan Planning & Wealth Management boosted its stake in Northern Trust by 10,566.7% during the fourth quarter. Spartan Planning & Wealth Management now owns 320 shares of the asset manager’s stock valued at $27,000 after buying an additional 317 shares during the period. Ridgewood Investments LLC purchased a new position in Northern Trust during the second quarter worth about $30,000. Finally, Versant Capital Management Inc increased its stake in Northern Trust by 343.9% in the 2nd quarter. Versant Capital Management Inc now owns 435 shares of the asset manager’s stock worth $37,000 after acquiring an additional 337 shares during the last quarter. 83.19% of the stock is currently owned by institutional investors.

Insider Transactions at Northern Trust

In related news, Director Charles A. Tribbett sold 1,855 shares of the business’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $88.12, for a total transaction of $163,462.60. Following the transaction, the director now owns 1,000 shares in the company, valued at approximately $88,120. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, EVP Mark C. Gossett sold 6,000 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $88.90, for a total value of $533,400.00. Following the completion of the sale, the executive vice president now directly owns 28,707 shares of the company’s stock, valued at approximately $2,552,052.30. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Charles A. Tribbett sold 1,855 shares of the business’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $88.12, for a total transaction of $163,462.60. Following the transaction, the director now owns 1,000 shares in the company, valued at approximately $88,120. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 13,738 shares of company stock worth $1,191,388. Company insiders own 0.64% of the company’s stock.

Northern Trust Trading Down 0.8 %

Shares of NTRS stock opened at $91.90 on Friday. The business has a 50-day moving average of $87.59 and a 200 day moving average of $85.27. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.71 and a quick ratio of 0.71. Northern Trust Co. has a 1-year low of $62.44 and a 1-year high of $92.82. The stock has a market capitalization of $18.80 billion, a PE ratio of 20.29, a P/E/G ratio of 1.46 and a beta of 1.08.

Northern Trust (NASDAQ:NTRS) last released its quarterly earnings data on Wednesday, July 17th. The asset manager reported $1.78 earnings per share for the quarter, beating analysts’ consensus estimates of $1.75 by $0.03. Northern Trust had a return on equity of 12.24% and a net margin of 10.53%. The firm had revenue of $2.72 billion during the quarter, compared to analyst estimates of $1.84 billion. During the same quarter in the prior year, the firm posted $1.79 earnings per share. The business’s quarterly revenue was up 53.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Northern Trust Co. will post 7.01 earnings per share for the current year.

Northern Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Friday, September 6th will be paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 3.26%. The ex-dividend date is Friday, September 6th. Northern Trust’s dividend payout ratio (DPR) is 66.23%.

Analyst Upgrades and Downgrades

NTRS has been the subject of a number of research analyst reports. The Goldman Sachs Group dropped their price target on Northern Trust from $94.00 to $84.00 and set a “neutral” rating for the company in a research report on Tuesday, July 2nd. Deutsche Bank Aktiengesellschaft cut their price target on shares of Northern Trust from $85.00 to $84.00 and set a “hold” rating for the company in a research note on Thursday, August 15th. Keefe, Bruyette & Woods lowered their price objective on shares of Northern Trust from $92.00 to $85.00 and set a “market perform” rating on the stock in a research report on Thursday, June 27th. Royal Bank of Canada upped their target price on shares of Northern Trust from $86.00 to $90.00 and gave the stock an “outperform” rating in a research report on Thursday, July 18th. Finally, Morgan Stanley lowered their price target on Northern Trust from $97.00 to $93.00 and set an “underweight” rating on the stock in a research report on Tuesday, July 30th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $88.75.

Northern Trust Profile

Northern Trust Corporation, a financial holding company, provides wealth management, asset servicing, asset management, and banking solutions for corporations, institutions, families, and individuals worldwide. It operates in two segments, Asset Servicing and Wealth Management. The Asset Servicing segment offers asset servicing and related services, including custody, fund administration, investment operations outsourcing, investment management, investment risk and analytical services, employee benefit services, securities lending, foreign exchange, treasury management, brokerage services, transition management services, banking, and cash management services.