Banco Bilbao Vizcaya Argentaria S.A. Has $4.67 Million Position in Northern Trust Corporation $NTRS

Banco Bilbao Vizcaya Argentaria S.A. cut its position in shares of Northern Trust Corporation (NASDAQ:NTRS) by 2.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 36,816 shares of the asset manager’s stock after selling 982 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Northern Trust were worth $4,668,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Cullen Frost Bankers Inc. lifted its stake in 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 acquiring an additional 719 shares during the last quarter. Allianz Asset Management GmbH raised its holdings in shares of Northern Trust by 529.4% in the 1st quarter. Allianz Asset Management GmbH now owns 461,383 shares of the asset manager’s stock valued at $45,515,000 after purchasing an additional 388,081 shares during the period. Horizon Investment Services LLC lifted its stake in Northern Trust by 260.5% in the 1st quarter. Horizon Investment Services LLC now owns 35,101 shares of the asset manager’s stock valued at $3,463,000 after purchasing an additional 25,363 shares during the last quarter. LPL Financial LLC grew its holdings in Northern Trust by 48.4% during the first quarter. LPL Financial LLC now owns 67,068 shares of the asset manager’s stock worth $6,616,000 after purchasing an additional 21,884 shares during the period. Finally, First Pacific Financial acquired a new position in Northern Trust during the second quarter worth approximately $3,118,000. Institutional investors own 83.19% of the company’s stock.

Insiders Place Their Bets

In other Northern Trust news, EVP Susan Cohen Levy sold 27,591 shares of the firm’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 transaction, the executive vice president directly owned 48,257 shares of the company’s stock, valued at $6,183,169.41. This trade represents a 36.38% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert Edward Jr. Moritz purchased 3,891 shares of the business’s stock in a transaction dated Tuesday, November 4th. The shares were purchased at an average cost of $128.57 per share, with a total value of $500,265.87. Following the acquisition, the director owned 6,686 shares in the company, valued at $859,619.02. This trade represents a 139.21% increase in their position. The disclosure for this purchase is available in the SEC filing. 0.77% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

NTRS has been the subject of a number of recent analyst reports. TD Cowen raised their price objective on Northern Trust from $152.00 to $155.00 and gave the company a “buy” rating in a research report on Thursday, October 23rd. Keefe, Bruyette & Woods increased their price target on Northern Trust from $123.00 to $125.00 and gave the company an “underperform” rating in a research note on Thursday, October 23rd. Evercore ISI raised their price target on Northern Trust from $125.00 to $135.00 and gave the company an “in-line” rating in a report on Tuesday, September 30th. Wall Street Zen downgraded shares of Northern Trust from a “hold” rating to a “sell” rating in a report on Saturday, October 25th. Finally, Citigroup increased their price objective on shares of Northern Trust from $110.00 to $135.00 and gave the company a “neutral” rating in a research report on Friday, September 5th. 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $132.46.

Northern Trust Stock Down 1.2%

Shares of NTRS opened at $127.39 on Friday. The company has a current ratio of 0.70, a quick ratio of 0.72 and a debt-to-equity ratio of 0.58. Northern Trust Corporation has a 12 month low of $81.62 and a 12 month high of $135.48. The firm’s 50 day moving average is $129.26 and its 200-day moving average is $122.33. The stock has a market capitalization of $24.09 billion, a PE ratio of 14.85, a P/E/G ratio of 1.37 and a beta of 1.32.

Northern Trust (NASDAQ:NTRS) last issued its quarterly earnings results on Wednesday, October 22nd. The asset manager reported $2.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.26 by $0.03. Northern Trust had a return on equity of 14.37% and a net margin of 11.99%.The business had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $2.02 billion. During the same quarter in the prior year, the business posted $2.22 earnings per share. The firm’s quarterly revenue was up 2.8% compared to the same quarter last year. Equities research analysts forecast that Northern Trust Corporation will post 8.27 EPS for the current year.

Northern Trust Announces Dividend

The business also recently declared 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 2.5%. Northern Trust’s dividend payout ratio (DPR) is presently 37.30%.

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.