Northern Trust Co. (NASDAQ:NTRS) Shares Bought by Koshinski Asset Management Inc.

Koshinski Asset Management Inc. grew its holdings in shares of Northern Trust Co. (NASDAQ:NTRSGet Rating) by 3.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,638 shares of the asset manager’s stock after purchasing an additional 164 shares during the period. Koshinski Asset Management Inc.’s holdings in Northern Trust were worth $544,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of NTRS. Louisiana State Employees Retirement System increased its holdings in shares of Northern Trust by 0.8% in the 1st quarter. Louisiana State Employees Retirement System now owns 13,100 shares of the asset manager’s stock worth $1,483,000 after acquiring an additional 100 shares during the period. Atwood & Palmer Inc. increased its holdings in shares of Northern Trust by 34.5% in the 1st quarter. Atwood & Palmer Inc. now owns 390 shares of the asset manager’s stock worth $46,000 after acquiring an additional 100 shares during the period. Checchi Capital Advisers LLC increased its holdings in shares of Northern Trust by 4.3% in the 1st quarter. Checchi Capital Advisers LLC now owns 2,418 shares of the asset manager’s stock worth $282,000 after acquiring an additional 100 shares during the period. Chicago Capital LLC increased its holdings in shares of Northern Trust by 0.9% in the 1st quarter. Chicago Capital LLC now owns 11,627 shares of the asset manager’s stock worth $1,354,000 after acquiring an additional 108 shares during the period. Finally, Brookstone Capital Management increased its holdings in shares of Northern Trust by 3.8% in the 1st quarter. Brookstone Capital Management now owns 3,098 shares of the asset manager’s stock worth $356,000 after acquiring an additional 114 shares during the period. 83.59% of the stock is owned by institutional investors and hedge funds.

Northern Trust Price Performance

NTRS stock opened at $89.49 on Friday. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.43. Northern Trust Co. has a one year low of $89.18 and a one year high of $135.15. The firm has a market capitalization of $18.65 billion, a PE ratio of 12.19 and a beta of 1.12. The firm has a 50-day moving average of $97.73 and a two-hundred day moving average of $103.35.

Northern Trust (NASDAQ:NTRSGet Rating) last posted its quarterly earnings data on Wednesday, July 20th. The asset manager reported $1.86 EPS for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.07). Northern Trust had a net margin of 23.13% and a return on equity of 14.82%. The firm had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $1.77 billion. During the same period in the prior year, the company posted $1.72 earnings per share. Northern Trust’s quarterly revenue was up 11.4% compared to the same quarter last year. On average, analysts forecast that Northern Trust Co. will post 7.45 earnings per share for the current year.

Northern Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, October 1st. Shareholders of record on Friday, September 9th will be paid a dividend of $0.75 per share. The ex-dividend date is Thursday, September 8th. This is a positive change from Northern Trust’s previous quarterly dividend of $0.70. This represents a $3.00 dividend on an annualized basis and a yield of 3.35%. Northern Trust’s dividend payout ratio is currently 40.87%.

Wall Street Analysts Forecast Growth

NTRS has been the subject of a number of recent analyst reports. Piper Sandler decreased their target price on shares of Northern Trust from $141.00 to $121.00 and set an “overweight” rating for the company in a research report on Friday, June 24th. Wells Fargo & Company decreased their target price on shares of Northern Trust from $141.00 to $121.00 and set an “overweight” rating for the company in a research report on Friday, July 1st. Royal Bank of Canada decreased their target price on shares of Northern Trust from $133.00 to $110.00 and set an “outperform” rating for the company in a research report on Friday, July 1st. Citigroup decreased their target price on shares of Northern Trust from $125.00 to $100.00 in a research report on Tuesday, July 12th. Finally, Barclays decreased their target price on shares of Northern Trust from $140.00 to $120.00 and set an “equal weight” rating for the company in a research report on Thursday, July 21st. One analyst has rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $120.19.

About Northern Trust

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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, Corporate & Institutional Services (C&IS) and Wealth Management.

Further Reading

Institutional Ownership by Quarter for Northern Trust (NASDAQ:NTRS)

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