First National Bank of Omaha Acquires New Shares in Northern Trust Corporation $NTRS

First National Bank of Omaha acquired a new position in shares of Northern Trust Corporation (NASDAQ:NTRS) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 28,428 shares of the asset manager’s stock, valued at approximately $3,826,000.

Other large investors have also recently bought and sold shares of the company. Norges Bank bought a new stake in shares of Northern Trust during the second quarter worth about $276,087,000. Primecap Management Co. CA grew its holdings in Northern Trust by 19.5% during the 2nd quarter. Primecap Management Co. CA now owns 7,793,757 shares of the asset manager’s stock worth $988,170,000 after acquiring an additional 1,270,748 shares during the last quarter. Marshall Wace LLP increased its position in Northern Trust by 2,397.3% in the 2nd quarter. Marshall Wace LLP now owns 657,026 shares of the asset manager’s stock valued at $83,304,000 after acquiring an additional 630,717 shares during the period. Rokos Capital Management LLP bought a new position in shares of Northern Trust during the second quarter valued at $73,888,000. Finally, LSV Asset Management lifted its holdings in shares of Northern Trust by 154.0% during the second quarter. LSV Asset Management now owns 805,990 shares of the asset manager’s stock worth $102,191,000 after purchasing an additional 488,690 shares during the period. 83.19% of the stock is currently owned by institutional investors.

Insider Activity

In related news, insider Guy Gibson sold 1,043 shares of the firm’s stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $147.43, for a total transaction of $153,769.49. Following the transaction, the insider directly owned 35,013 shares of the company’s stock, valued at $5,161,966.59. This trade represents a 2.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Clive Bellows sold 1,148 shares of the business’s stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $145.26, for a total transaction of $166,758.48. Following the transaction, the insider owned 34,133 shares in the company, valued at approximately $4,958,159.58. This trade represents a 3.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 27,191 shares of company stock worth $4,061,028. Company insiders own 0.77% of the company’s stock.

Wall Street Analysts Forecast Growth

NTRS has been the topic of several recent research reports. Zacks Research raised Northern Trust from a “hold” rating to a “strong-buy” rating in a report on Friday, January 23rd. Morgan Stanley upped their target price on Northern Trust from $131.00 to $140.00 and gave the company an “underweight” rating in a report on Friday, January 23rd. Weiss Ratings restated a “buy (b-)” rating on shares of Northern Trust in a report on Thursday, January 22nd. Evercore increased their target price on shares of Northern Trust from $142.00 to $155.00 and gave the stock an “in-line” rating in a research note on Friday, January 23rd. Finally, The Goldman Sachs Group lifted their price target on shares of Northern Trust from $130.00 to $148.00 and gave the company a “sell” rating in a research note on Wednesday, January 28th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, Northern Trust has an average rating of “Hold” and a consensus target price of $148.75.

Northern Trust Trading Up 0.6%

NTRS opened at $147.23 on Wednesday. Northern Trust Corporation has a fifty-two week low of $81.62 and a fifty-two week high of $157.60. The firm has a market capitalization of $27.84 billion, a PE ratio of 16.85, a P/E/G ratio of 1.18 and a beta of 1.27. 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 company’s 50-day moving average is $144.47 and its 200 day moving average is $134.50.

Northern Trust (NASDAQ:NTRS) last released its quarterly earnings results on Friday, January 30th. The asset manager reported $2.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.37 by $0.05. The business 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%.Northern Trust’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same quarter last year, the firm posted $2.26 EPS. As a group, research analysts predict that Northern Trust Corporation will post 8.27 earnings per share for the current fiscal year.

Northern Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Friday, March 6th will be given a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Friday, March 6th. Northern Trust’s dividend payout ratio is presently 36.61%.

About Northern Trust

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.