Caprock Group LLC Invests $4.30 Million in Northern Trust Corporation $NTRS

Caprock Group LLC acquired a new stake in Northern Trust Corporation (NASDAQ:NTRS) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 32,783 shares of the asset manager’s stock, valued at approximately $4,304,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. FNY Investment Advisers LLC purchased a new position in shares of Northern Trust in the second quarter valued at approximately $25,000. AlphaCore Capital LLC lifted its holdings in Northern Trust by 87.4% during the 2nd quarter. AlphaCore Capital LLC now owns 208 shares of the asset manager’s stock worth $27,000 after buying an additional 97 shares in the last quarter. Hantz Financial Services Inc. lifted its holdings in Northern Trust by 5,225.0% during the 2nd quarter. Hantz Financial Services Inc. now owns 213 shares of the asset manager’s stock worth $27,000 after buying an additional 209 shares in the last quarter. Clearstead Trust LLC purchased a new position in Northern Trust in the 2nd quarter valued at approximately $29,000. Finally, Caldwell Trust Co acquired a new position in shares of Northern Trust in the second quarter worth $48,000. 83.19% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Northern Trust

In other Northern Trust news, Director Robert Edward Jr. Moritz acquired 245 shares of the company’s stock in a transaction dated Monday, February 2nd. The stock was acquired at an average cost of $151.85 per share, with a total value of $37,203.25. Following the purchase, the director directly owned 6,931 shares in the company, valued at approximately $1,052,472.35. This trade represents a 3.66% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, Director Richard Petrino bought 1,000 shares of Northern Trust stock in a transaction that occurred on Thursday, February 5th. The stock was bought at an average cost of $148.91 per share, for a total transaction of $148,910.00. Following the purchase, the director owned 3,332 shares in the company, valued at $496,168.12. This represents a 42.88% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 0.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Wells Fargo & Company lifted their target price on Northern Trust from $145.00 to $150.00 and gave the company an “equal weight” rating in a report on Friday, January 23rd. Citigroup lifted their price objective on Northern Trust from $143.00 to $162.00 and gave the company a “neutral” rating in a research note on Tuesday, January 27th. Royal Bank Of Canada raised their target price on shares of Northern Trust from $139.00 to $159.00 and gave the company an “outperform” rating in a report on Friday, January 23rd. TD Cowen boosted their price target on shares of Northern Trust from $165.00 to $175.00 and gave the stock a “buy” rating in a report on Monday, January 26th. Finally, Morgan Stanley raised their price objective on shares of Northern Trust from $131.00 to $140.00 and gave the company an “underweight” rating in a report on Friday, January 23rd. 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. According to MarketBeat.com, Northern Trust currently has a consensus rating of “Hold” and an average target price of $148.75.

Northern Trust Stock Performance

NTRS opened at $146.50 on Thursday. The stock’s 50 day simple moving average is $143.45 and its 200 day simple moving average is $134.02. The stock has a market cap of $27.71 billion, a P/E ratio of 16.76, a P/E/G ratio of 1.21 and a beta of 1.27. Northern Trust Corporation has a 1-year low of $81.62 and a 1-year high of $157.60. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.69 and a quick ratio of 0.70.

Northern Trust (NASDAQ:NTRS) last posted its earnings results 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. The company had revenue of $3.15 billion for the quarter. Northern Trust had a return on equity of 14.87% and a net margin of 12.15%.The firm’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same period last year, the company posted $2.26 EPS. As a group, equities analysts anticipate that Northern Trust Corporation will post 8.27 EPS for the current fiscal year.

Northern Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Friday, March 6th will be issued a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 2.2%. The ex-dividend date is Friday, March 6th. Northern Trust’s dividend payout ratio (DPR) 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.