Crossmark Global Holdings Inc. Has $2.25 Million Position in Northern Trust Corporation $NTRS

Crossmark Global Holdings Inc. raised its holdings in shares of Northern Trust Corporation (NASDAQ:NTRS) by 92.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,680 shares of the asset manager’s stock after acquiring an additional 8,001 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Northern Trust were worth $2,245,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp raised its holdings in shares of 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 during the period. Jupiter Asset Management Ltd. bought a new stake in shares of Northern Trust in the third quarter valued at about $64,863,000. Aviva PLC grew its position in shares of Northern Trust by 8.4% during the 2nd quarter. Aviva PLC now owns 149,911 shares of the asset manager’s stock worth $19,007,000 after purchasing an additional 11,587 shares in the last quarter. SG Americas Securities LLC raised its holdings in Northern Trust by 228.0% during the 3rd quarter. SG Americas Securities LLC now owns 75,829 shares of the asset manager’s stock worth $10,207,000 after purchasing an additional 52,711 shares during the last quarter. Finally, National Pension Service boosted its stake in Northern Trust by 4.3% during the third quarter. National Pension Service now owns 360,527 shares of the asset manager’s stock worth $48,527,000 after acquiring an additional 14,899 shares in the last quarter. 83.19% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Robert Edward Jr. Moritz purchased 245 shares of the business’s stock in a transaction on Monday, February 2nd. The stock was acquired at an average cost of $151.85 per share, for a total transaction of $37,203.25. Following the purchase, the director directly owned 6,931 shares in the company, valued at $1,052,472.35. This trade represents a 3.66% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard Petrino acquired 1,000 shares of the stock in a transaction dated Thursday, February 5th. The stock was acquired at an average price of $148.91 per share, for a total transaction of $148,910.00. Following 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 ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders have sold 34,905 shares of company stock worth $5,166,714. 0.77% of the stock is owned by corporate insiders.

Northern Trust Stock Down 3.4%

NTRS stock opened at $138.59 on Monday. The business has a 50 day moving average of $145.64 and a 200 day moving average of $136.08. 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 firm has a market cap of $25.75 billion, a PE ratio of 15.86, a price-to-earnings-growth ratio of 1.11 and a beta of 1.27. Northern Trust Corporation has a twelve month low of $81.62 and a twelve month high of $157.60.

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

Northern Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Friday, March 6th will be issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Friday, March 6th. Northern Trust’s dividend payout ratio is presently 36.61%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on NTRS. Evercore boosted their price target on shares of Northern Trust from $142.00 to $155.00 and gave the stock an “in-line” rating in a report on Friday, January 23rd. Wall Street Zen upgraded Northern Trust from a “sell” rating to a “hold” rating in a research report on Saturday, December 27th. Zacks Research raised Northern Trust from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 23rd. Truist Financial set a $148.00 price objective on Northern Trust in a report on Wednesday, January 7th. Finally, TD Cowen increased their target price on shares of Northern Trust from $165.00 to $175.00 and gave the company a “buy” rating in a report on Monday, January 26th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, seven have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $148.75.

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.