Cornerstone Planning Group LLC Raises Stock Position in Northern Trust Corporation $NTRS

Cornerstone Planning Group LLC boosted its position in shares of Northern Trust Corporation (NASDAQ:NTRS) by 69,423.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,600 shares of the asset manager’s stock after buying an additional 14,579 shares during the period. Cornerstone Planning Group LLC’s holdings in Northern Trust were worth $1,965,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in NTRS. Cullen Frost Bankers Inc. raised its stake in shares of Northern Trust by 84.8% in the 2nd 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 period. Bank of New York Mellon Corp raised its position in Northern Trust by 2.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,947,456 shares of the asset manager’s stock valued at $262,128,000 after purchasing an additional 40,048 shares in the last quarter. Aviva PLC raised its position in Northern Trust by 8.4% in the 2nd quarter. Aviva PLC now owns 149,911 shares of the asset manager’s stock valued at $19,007,000 after purchasing an additional 11,587 shares in the last quarter. SG Americas Securities LLC boosted its stake in shares of Northern Trust by 228.0% in the 3rd quarter. SG Americas Securities LLC now owns 75,829 shares of the asset manager’s stock valued at $10,207,000 after buying an additional 52,711 shares during the period. Finally, Advisory Services Network LLC raised its holdings in shares of Northern Trust by 25.7% in the 2nd quarter. Advisory Services Network LLC now owns 40,090 shares of the asset manager’s stock valued at $5,212,000 after purchasing an additional 8,201 shares in the last quarter. 83.19% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. TD Cowen boosted their target price on shares of Northern Trust from $165.00 to $175.00 and gave the stock a “buy” rating in a research note on Monday, January 26th. Barclays raised their price objective on Northern Trust from $136.00 to $160.00 and gave the stock an “equal weight” rating in a report on Monday, January 5th. Royal Bank Of Canada boosted their target price on Northern Trust from $139.00 to $159.00 and gave the company an “outperform” rating in a report on Friday, January 23rd. Keefe, Bruyette & Woods upped their target price on Northern Trust from $123.00 to $125.00 and gave the company an “underperform” rating in a research report on Thursday, October 23rd. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Northern Trust in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, Northern Trust presently has an average rating of “Hold” and an average target price of $148.75.

Insider Buying and Selling

In other Northern Trust news, COO Peter Cherecwich sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, January 26th. The shares were sold at an average price of $149.62, for a total transaction of $3,740,500.00. Following the completion of the sale, the chief operating officer directly owned 26,259 shares in the company, valued at $3,928,871.58. The trade was a 48.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John Landers sold 766 shares of the firm’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $124.35, for a total value of $95,252.10. Following the sale, the insider 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. Additional details regarding this sale are available in the official SEC disclosure. 0.77% of the stock is currently owned by corporate insiders.

Northern Trust Stock Up 1.5%

Shares of NASDAQ NTRS opened at $151.62 on Tuesday. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.69 and a quick ratio of 0.70. The firm’s 50-day moving average is $140.80 and its two-hundred day moving average is $132.94. Northern Trust Corporation has a 12-month low of $81.62 and a 12-month high of $157.60. The company has a market capitalization of $28.67 billion, a PE ratio of 17.35, a price-to-earnings-growth ratio of 1.21 and a beta of 1.27.

Northern Trust (NASDAQ:NTRS) last issued its quarterly earnings data on Friday, January 30th. The asset manager reported $2.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.37 by $0.05. The firm had revenue of $3.15 billion during the quarter. Northern Trust had a return on equity of 14.87% and a net margin of 12.15%.The company’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.26 earnings per share. Equities analysts anticipate that Northern Trust Corporation will post 8.27 EPS for the current fiscal year.

Northern Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Friday, March 6th will be given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Friday, March 6th. Northern Trust’s payout ratio is 36.61%.

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.