Squarepoint Ops LLC Has $676,000 Stock Position in Northern Trust Corporation $NTRS

Squarepoint Ops LLC lessened its stake in Northern Trust Corporation (NASDAQ:NTRS) by 92.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,333 shares of the asset manager’s stock after selling 68,150 shares during the quarter. Squarepoint Ops LLC’s holdings in Northern Trust were worth $676,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Jump Financial LLC grew its stake in shares of Northern Trust by 609.5% during the first quarter. Jump Financial LLC now owns 14,935 shares of the asset manager’s stock valued at $1,473,000 after purchasing an additional 12,830 shares during the last quarter. Synovus Financial Corp lifted its holdings in Northern Trust by 196.6% during the 1st quarter. Synovus Financial Corp now owns 7,577 shares of the asset manager’s stock worth $747,000 after buying an additional 5,022 shares in the last quarter. Freedom Investment Management Inc. boosted its position in Northern Trust by 85.0% in the 1st quarter. Freedom Investment Management Inc. now owns 4,981 shares of the asset manager’s stock valued at $491,000 after buying an additional 2,289 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec increased its stake in shares of Northern Trust by 57.1% in the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 205,828 shares of the asset manager’s stock valued at $20,305,000 after buying an additional 74,800 shares during the period. Finally, FORA Capital LLC bought a new stake in shares of Northern Trust during the first quarter worth $243,000. 83.19% of the stock is owned by institutional investors.

Northern Trust Stock Performance

Shares of NTRS stock opened at $140.19 on Wednesday. The stock has a market cap of $26.51 billion, a PE ratio of 16.34, a price-to-earnings-growth ratio of 1.51 and a beta of 1.27. The stock has a 50-day moving average of $130.72 and a 200-day moving average of $127.98. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.70 and a quick ratio of 0.70. Northern Trust Corporation has a one year low of $81.62 and a one year high of $141.25.

Northern Trust (NASDAQ:NTRS) 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 expect that Northern Trust Corporation will post 8.27 earnings per share for the current year.

Northern Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 1st. Stockholders of record on Friday, December 5th will be issued a $0.80 dividend. The ex-dividend date of this dividend is Friday, December 5th. This represents a $3.20 annualized dividend and a dividend yield of 2.3%. Northern Trust’s payout ratio is 37.30%.

Insider Activity at Northern Trust

In other news, insider John Landers sold 766 shares of the firm’s 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 sale, the insider owned 7,313 shares of the company’s stock, valued at $909,371.55. This trade represents a 9.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Susan Cohen Levy sold 27,591 shares of Northern Trust 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 owned 48,257 shares in the company, valued at $6,183,169.41. This trade represents a 36.38% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.77% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on NTRS shares. Keefe, Bruyette & Woods upped 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. TD Cowen upped their target price on shares of Northern Trust from $152.00 to $155.00 and gave the company a “buy” rating in a research report on Thursday, October 23rd. BMO Capital Markets assumed coverage on shares of Northern Trust in a research note on Friday, October 3rd. They issued a “market perform” rating and a $142.00 target price on the stock. Zacks Research cut shares of Northern Trust from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 9th. Finally, Cowen restated a “buy” rating on shares of Northern Trust in a report on Thursday, October 23rd. Five analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $132.46.

Northern Trust Company Profile

Northern Trust Corporation (NASDAQ: NTRS) is a global financial services firm headquartered in Chicago that provides asset servicing, asset management and wealth management solutions to institutions, corporations and high-net-worth individuals. The company’s core businesses include custody and fund administration, investment operations outsourcing, trust and fiduciary services, private banking, and retirement and defined contribution plan services.

Northern Trust’s product and service offerings span custody and fund accounting, portfolio and performance analytics, securities lending, cash management and foreign exchange, as well as discretionary and non-discretionary investment management.