Atria Wealth Solutions Inc. Has $553,000 Stock Holdings in Northern Trust Corporation (NASDAQ:NTRS)

Atria Wealth Solutions Inc. boosted its position in Northern Trust Corporation (NASDAQ:NTRS) by 87.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,568 shares of the asset manager’s stock after buying an additional 2,601 shares during the period. Atria Wealth Solutions Inc.’s holdings in Northern Trust were worth $553,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NTRS. Thoroughbred Financial Services LLC bought a new position in shares of Northern Trust in the first quarter valued at approximately $368,000. PNC Financial Services Group Inc. lifted its stake in Northern Trust by 1.8% in the first quarter. PNC Financial Services Group Inc. now owns 127,367 shares of the asset manager’s stock valued at $12,565,000 after purchasing an additional 2,191 shares during the last quarter. LSV Asset Management purchased a new position in Northern Trust in the first quarter valued at approximately $31,302,000. TIAA Trust National Association boosted its holdings in shares of Northern Trust by 6.8% in the first quarter. TIAA Trust National Association now owns 8,069 shares of the asset manager’s stock worth $796,000 after acquiring an additional 516 shares during the period. Finally, Blueshift Asset Management LLC bought a new position in shares of Northern Trust in the first quarter worth $546,000. 83.19% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on NTRS shares. Wells Fargo & Company lifted their price objective on Northern Trust from $111.00 to $120.00 and gave the company an “equal weight” rating in a research note on Thursday, July 24th. Barclays raised their target price on Northern Trust from $128.00 to $136.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 24th. Truist Financial lifted their price objective on Northern Trust from $116.00 to $126.00 and gave the company a “hold” rating in a research report on Thursday, July 3rd. Keefe, Bruyette & Woods reissued an “underperform” rating and issued a $118.00 price target (down from $120.00) on shares of Northern Trust in a research report on Thursday, July 24th. Finally, Evercore ISI boosted their price target on Northern Trust from $108.00 to $121.00 and gave the stock an “in-line” rating in a research report on Wednesday, July 2nd. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Northern Trust has a consensus rating of “Hold” and a consensus target price of $116.58.

Northern Trust Trading Down 1.1%

NASDAQ:NTRS opened at $125.97 on Thursday. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.72 and a quick ratio of 0.72. The firm has a market capitalization of $24.09 billion, a price-to-earnings ratio of 14.80, a price-to-earnings-growth ratio of 1.69 and a beta of 1.28. Northern Trust Corporation has a one year low of $81.62 and a one year high of $133.00. The business has a fifty day moving average price of $122.61 and a 200-day moving average price of $109.04.

Northern Trust (NASDAQ:NTRS) last posted its quarterly earnings data on Wednesday, July 23rd. The asset manager reported $2.13 EPS for the quarter, topping the consensus estimate of $2.08 by $0.05. The firm had revenue of $2 billion during the quarter, compared to analyst estimates of $1.96 billion. Northern Trust had a return on equity of 14.06% and a net margin of 11.75%. Northern Trust’s revenue was down 26.4% on a year-over-year basis. During the same period in the prior year, the business posted $4.34 EPS. Sell-side analysts forecast that Northern Trust Corporation will post 8.27 EPS for the current year.

Northern Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Friday, September 5th will be issued a dividend of $0.80 per share. This is a boost from Northern Trust’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Friday, September 5th. This represents a $3.20 annualized dividend and a dividend yield of 2.5%. Northern Trust’s payout ratio is currently 37.60%.

Northern Trust Company 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.