Barclays PLC Has $140.27 Million Stock Position in Northern Trust Corporation $NTRS

Barclays PLC grew its stake in Northern Trust Corporation (NASDAQ:NTRS) by 62.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,042,084 shares of the asset manager’s stock after purchasing an additional 400,247 shares during the period. Barclays PLC owned approximately 0.55% of Northern Trust worth $140,265,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Hantz Financial Services Inc. grew its position in Northern Trust by 5,225.0% in the second quarter. Hantz Financial Services Inc. now owns 213 shares of the asset manager’s stock valued at $27,000 after acquiring an additional 209 shares during the period. AlphaCore Capital LLC lifted its holdings in shares of Northern Trust by 87.4% during the second quarter. AlphaCore Capital LLC now owns 208 shares of the asset manager’s stock valued at $27,000 after acquiring an additional 97 shares during the period. Clearstead Trust LLC bought a new position in shares of Northern Trust during the second quarter valued at $29,000. Caldwell Trust Co acquired a new stake in shares of Northern Trust in the 2nd quarter valued at $48,000. Finally, SJS Investment Consulting Inc. boosted its stake in shares of Northern Trust by 2,650.0% in the 3rd quarter. SJS Investment Consulting Inc. now owns 385 shares of the asset manager’s stock valued at $52,000 after purchasing an additional 371 shares in the last quarter. 83.19% of the stock is owned by institutional investors and hedge funds.

Northern Trust Stock Down 3.4%

Shares of NASDAQ NTRS opened at $138.59 on Friday. Northern Trust Corporation has a 12-month low of $81.62 and a 12-month high of $157.60. The firm’s 50-day simple moving average is $145.64 and its 200 day simple moving average is $136.03. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.57. The company has a market cap of $25.75 billion, a price-to-earnings ratio of 15.86, a price-to-earnings-growth ratio of 1.11 and a beta of 1.27.

Northern Trust (NASDAQ:NTRS) last posted its quarterly earnings data on Friday, January 30th. The asset manager reported $2.42 earnings per share for the quarter, beating the consensus estimate of $2.37 by $0.05. Northern Trust had a net margin of 12.15% and a return on equity of 14.87%. The firm had revenue of $3.15 billion during the quarter. During the same quarter in the previous year, the business posted $2.26 EPS. The company’s revenue was up 8.4% compared to the same quarter last year. On average, research analysts expect 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 issued a $0.80 dividend. The ex-dividend date of this dividend is Friday, March 6th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.3%. Northern Trust’s dividend payout ratio (DPR) is currently 36.61%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Barclays increased their target price on shares of Northern Trust from $136.00 to $160.00 and gave the stock an “equal weight” rating in a research report on Monday, January 5th. Wells Fargo & Company upped their price objective on shares of Northern Trust from $145.00 to $150.00 and gave the stock an “equal weight” rating in a research note on Friday, January 23rd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Northern Trust in a report on Thursday, January 22nd. Truist Financial set a $148.00 target price on shares of Northern Trust in a research note on Wednesday, January 7th. Finally, Evercore boosted their target price on Northern Trust from $142.00 to $155.00 and gave the stock an “in-line” rating in a report on Friday, January 23rd. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $148.75.

Insider Transactions at Northern Trust

In other Northern Trust news, insider Clive Bellows sold 1,148 shares of the stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $145.26, for a total value of $166,758.48. Following the transaction, the insider directly owned 34,133 shares in the company, valued at approximately $4,958,159.58. This trade represents a 3.25% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard Petrino bought 1,000 shares of the stock in a transaction dated Thursday, February 5th. The stock was purchased at an average cost of $148.91 per share, with a total value of $148,910.00. Following the completion of the purchase, the director directly owned 3,332 shares in the company, valued at approximately $496,168.12. This trade represents a 42.88% increase in their position. The SEC filing for this purchase provides additional information. Insiders have sold a total of 34,905 shares of company stock worth $5,166,714 over the last ninety days. 0.77% of the stock is currently owned by insiders.

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.