Global Frontier Investments LLC Buys New Stake in Northern Trust Corporation $NTRS

Global Frontier Investments LLC purchased a new position in Northern Trust Corporation (NASDAQ:NTRS - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 30,000 shares of the asset manager's stock, valued at approximately $3,804,000. Northern Trust makes up 0.9% of Global Frontier Investments LLC's investment portfolio, making the stock its 15th largest holding.

• Low Interest Rates Can Help These Commercial Banks Rally Higher

Other institutional investors also recently added to or reduced their stakes in the company. Cullen Frost Bankers Inc. raised its holdings in shares of Northern Trust by 84.8% in the second quarter. Cullen Frost Bankers Inc. now owns 1,567 shares of the asset manager's stock valued at $199,000 after buying an additional 719 shares during the last quarter. LPL Financial LLC grew its holdings in Northern Trust by 48.4% during the 1st quarter. LPL Financial LLC now owns 67,068 shares of the asset manager's stock worth $6,616,000 after acquiring an additional 21,884 shares during the last quarter. First Pacific Financial acquired a new stake in Northern Trust in the 2nd quarter valued at about $3,118,000. Atria Wealth Solutions Inc. raised its stake in shares of Northern Trust by 87.7% in the first quarter. Atria Wealth Solutions Inc. now owns 5,568 shares of the asset manager's stock worth $553,000 after acquiring an additional 2,601 shares during the last quarter. Finally, Aviva PLC lifted its position in shares of Northern Trust by 8.4% during the second quarter. Aviva PLC now owns 149,911 shares of the asset manager's stock worth $19,007,000 after purchasing an additional 11,587 shares in the last quarter. 83.19% of the stock is owned by institutional investors and hedge funds.

Northern Trust Stock Performance

Shares of NASDAQ:NTRS opened at $131.34 on Monday. The firm's 50 day simple moving average is $128.94 and its 200 day simple moving average is $124.46. Northern Trust Corporation has a fifty-two week low of $81.62 and a fifty-two week high of $135.48. The company has a market capitalization of $24.84 billion, a price-to-earnings ratio of 15.31, a P/E/G ratio of 1.37 and a beta of 1.32. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.70 and a quick ratio of 0.72.

• This Underrated Natural Gas Stock Could Rally Double-Digits Soon

Northern Trust (NASDAQ:NTRS - Get Free Report) last issued its quarterly earnings data on Wednesday, October 22nd. The asset manager reported $2.29 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.26 by $0.03. Northern Trust had a net margin of 11.99% and a return on equity of 14.37%. The firm had revenue of $2.03 billion during the quarter, compared to analysts' expectations of $2.02 billion. During the same quarter in the previous year, the company earned $2.22 earnings per share. The business's revenue for the quarter was up 2.8% on a year-over-year basis. As a group, sell-side analysts forecast that Northern Trust Corporation will post 8.27 earnings per share for the current year.

Northern Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 1st. Investors of record on Friday, December 5th will be given a $0.80 dividend. The ex-dividend date is Friday, December 5th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.4%. Northern Trust's dividend payout ratio is currently 37.30%.

Analyst Ratings Changes

• Growing Twice as Fast as Tesla, XPeng is a Buy

A number of analysts recently weighed in on the stock. Wells Fargo & Company raised their price target on shares of Northern Trust from $127.00 to $131.00 and gave the company an "equal weight" rating in a report on Thursday, October 23rd. BMO Capital Markets started coverage on Northern Trust in a research note on Friday, October 3rd. They issued a "market perform" rating and a $142.00 target price for the company. The Goldman Sachs Group set a $135.00 target price on Northern Trust in a research report on Tuesday, September 30th. Zacks Research cut Northern Trust from a "strong-buy" rating to a "hold" rating in a report on Tuesday, September 9th. Finally, Keefe, Bruyette & Woods boosted their price objective on Northern Trust from $123.00 to $125.00 and gave the stock an "underperform" rating in a report on Thursday, October 23rd. Five investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $132.46.

Read Our Latest Stock Analysis on NTRS

Insider Buying and Selling

In other Northern Trust news, insider John Landers sold 766 shares of Northern Trust stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $124.35, for a total transaction of $95,252.10. Following the transaction, the insider directly owned 7,313 shares in the company, valued at approximately $909,371.55. The trade was a 9.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Susan Cohen Levy sold 27,591 shares of the business's stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $128.13, for a total value of $3,535,234.83. Following the completion of the transaction, the executive vice president directly owned 48,257 shares of the company's stock, valued at approximately $6,183,169.41. The trade was a 36.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.77% of the stock is currently owned by company insiders.

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.

Read More

• Five stocks we like better than Northern Trust
• Upcoming IPO Stock Lockup Period, Explained
• Worried About Inflation? These 3 ETFs Offer Real Protection
• Stocks with Unusual Volume: How to Find Unusual Volume Stocks in Real Time
• Intel’s Black Friday Breakout: Apple Rumors Fuel a Holiday Rally
• Want to Profit on the Downtrend? Downtrends, Explained.
• Klarna's Crypto Play: A Plan to Fix Its Profit Problem

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Northern Trust Right Now?

Before you consider Northern Trust, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Northern Trust wasn't on the list.

While Northern Trust currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here