Aquatic Capital Management LLC Acquires New Holdings in Northern Trust Corporation $NTRS

Aquatic Capital Management LLC bought a new stake in shares of Northern Trust Corporation (NASDAQ:NTRS) in the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 35,980 shares of the asset manager’s stock, valued at approximately $4,843,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bank of New York Mellon Corp increased its stake in Northern Trust by 2.1% during 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 buying an additional 40,048 shares during the period. iSAM Funds UK Ltd acquired a new stake in shares of Northern Trust in the 3rd quarter worth approximately $2,253,000. Jupiter Asset Management Ltd. bought a new position in shares of Northern Trust in the third quarter valued at approximately $64,863,000. Barclays PLC boosted its holdings in shares of Northern Trust by 62.4% in the third quarter. Barclays PLC now owns 1,042,084 shares of the asset manager’s stock valued at $140,265,000 after acquiring an additional 400,247 shares in the last quarter. Finally, SG Americas Securities LLC increased its stake in shares of Northern Trust by 228.0% during the third quarter. SG Americas Securities LLC now owns 75,829 shares of the asset manager’s stock valued at $10,207,000 after acquiring an additional 52,711 shares during the period. Institutional investors own 83.19% of the company’s stock.

Northern Trust Price Performance

NASDAQ NTRS opened at $136.49 on Tuesday. Northern Trust Corporation has a 1 year low of $81.62 and a 1 year high of $157.60. The business’s fifty day moving average is $145.51 and its two-hundred day moving average is $136.41. The stock has a market capitalization of $25.29 billion, a P/E ratio of 15.62, a P/E/G ratio of 1.08 and a beta of 1.27. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.69 and a current ratio of 0.69.

Northern Trust (NASDAQ:NTRS) last released its quarterly earnings data on Friday, January 30th. The asset manager reported $2.42 earnings per share for the quarter, topping the consensus estimate 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%.The business’s revenue was up 8.4% compared to the same quarter last year. During the same period in the prior year, the business earned $2.26 earnings per share. On average, research analysts forecast that Northern Trust Corporation will post 8.27 earnings per share for the current fiscal year.

Northern Trust Dividend Announcement

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

Insider Transactions at Northern Trust

In other Northern Trust news, insider Guy Gibson sold 3,009 shares of Northern Trust stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $142.39, for a total transaction of $428,451.51. Following the transaction, the insider owned 29,332 shares of the company’s stock, valued at $4,176,583.48. The trade was a 9.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Richard Petrino acquired 1,000 shares of the stock in a transaction that occurred on Thursday, February 5th. The shares were bought at an average cost of $148.91 per share, for a total transaction of $148,910.00. Following the completion of the transaction, the director directly owned 3,332 shares of the company’s stock, 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. In the last ninety days, insiders have sold 34,905 shares of company stock worth $5,166,714. 0.77% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have weighed in on NTRS shares. TD Cowen upped their target price on Northern Trust from $165.00 to $175.00 and gave the stock a “buy” rating in a research report on Monday, January 26th. Barclays lifted their price target on Northern Trust from $136.00 to $160.00 and gave the company an “equal weight” rating in a research report on Monday, January 5th. Truist Financial set a $148.00 price objective on Northern Trust in a report on Wednesday, January 7th. The Goldman Sachs Group raised their target price on Northern Trust from $130.00 to $148.00 and gave the company a “sell” rating in a research note on Wednesday, January 28th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Northern Trust in a report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $148.75.

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.