Quadrature Capital Ltd Makes New Investment in Northern Trust Co. (NASDAQ:NTRS) (2024)

Posted by Defense World Staff on Aug 2nd, 2024

Quadrature Capital Ltd Makes New Investment in Northern Trust Co. (NASDAQ:NTRS) (1)Quadrature Capital Ltd purchased a new position in Northern Trust Co. (NASDAQ:NTRSFree Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 3,367 shares of the asset manager’s stock, valued at approximately $299,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bayesian Capital Management LP raised its holdings in shares of Northern Trust by 986.3% in the fourth quarter. Bayesian Capital Management LP now owns 37,900 shares of the asset manager’s stock worth $3,198,000 after buying an additional 34,411 shares during the last quarter. CANADA LIFE ASSURANCE Co increased its stake in shares of Northern Trust by 6.8% in the first quarter. CANADA LIFE ASSURANCE Co now owns 360,640 shares of the asset manager’s stock worth $32,111,000 after acquiring an additional 23,020 shares during the period. Sequoia Financial Advisors LLC increased its stake in shares of Northern Trust by 557.8% in the first quarter. Sequoia Financial Advisors LLC now owns 30,813 shares of the asset manager’s stock worth $2,740,000 after acquiring an additional 26,129 shares during the period. Bessemer Group Inc. increased its stake in shares of Northern Trust by 668.0% in the first quarter. Bessemer Group Inc. now owns 20,205 shares of the asset manager’s stock worth $1,797,000 after acquiring an additional 17,574 shares during the period. Finally, AIA Group Ltd increased its stake in shares of Northern Trust by 4.3% in the first quarter. AIA Group Ltd now owns 602,785 shares of the asset manager’s stock worth $53,600,000 after acquiring an additional 24,791 shares during the period. Hedge funds and other institutional investors own 83.19% of the company’s stock.

Northern Trust Stock Performance

NASDAQ:NTRS opened at $88.65 on Thursday. The company’s 50-day moving average price is $84.49 and its 200-day moving average price is $83.56. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.58. The company has a market cap of $18.14 billion, a P/E ratio of 19.57, a P/E/G ratio of 1.32 and a beta of 1.10. Northern Trust Co. has a twelve month low of $62.44 and a twelve month high of $92.46.

Northern Trust (NASDAQ:NTRSGet Free Report) last posted its quarterly earnings results on Wednesday, July 17th. The asset manager reported $1.78 earnings per share for the quarter, topping the consensus estimate of $1.75 by $0.03. The firm had revenue of $2.72 billion for the quarter, compared to the consensus estimate of $1.84 billion. Northern Trust had a net margin of 10.53% and a return on equity of 12.24%. The company’s revenue for the quarter was up 53.8% on a year-over-year basis. During the same period last year, the firm posted $1.79 earnings per share. On average, sell-side analysts forecast that Northern Trust Co. will post 7.02 earnings per share for the current fiscal year.

Northern Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Friday, September 6th will be paid a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 3.38%. The ex-dividend date is Friday, September 6th. Northern Trust’s dividend payout ratio is currently 66.23%.

Insiders Place Their Bets

In other Northern Trust news, insider Peter Cherecwich sold 12,000 shares of Northern Trust stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $87.09, for a total transaction of $1,045,080.00. Following the transaction, the insider now directly owns 31,471 shares of the company’s stock, valued at $2,740,809.39. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.64% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

NTRS has been the topic of a number of research reports. Bank of America increased their price objective on shares of Northern Trust from $93.00 to $101.00 and gave the stock a “buy” rating in a research note on Wednesday, April 17th. The Goldman Sachs Group cut their price objective on shares of Northern Trust from $94.00 to $84.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 2nd. Keefe, Bruyette & Woods dropped their price target on shares of Northern Trust from $92.00 to $85.00 and set a “market perform” rating on the stock in a research report on Thursday, June 27th. Morgan Stanley dropped their price target on shares of Northern Trust from $97.00 to $93.00 and set an “underweight” rating on the stock in a research report on Tuesday. Finally, Royal Bank of Canada raised their price target on shares of Northern Trust from $86.00 to $90.00 and gave the company an “outperform” rating in a research report on Thursday, July 18th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Northern Trust has a consensus rating of “Hold” and an average target price of $87.33.

Check Out Our Latest Research Report on NTRS

Northern Trust Company Profile

(Free Report)

Northern Trust Corporation, a financial holding company, provides wealth management, asset servicing, asset management, and banking solutions for corporations, institutions, families, and individuals worldwide. It operates in two segments, Asset Servicing and Wealth Management. The Asset Servicing segment offers asset servicing and related services, including custody, fund administration, investment operations outsourcing, investment management, investment risk and analytical services, employee benefit services, securities lending, foreign exchange, treasury management, brokerage services, transition management services, banking, and cash management services.

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Quadrature Capital Ltd Makes New Investment in Northern Trust Co. (NASDAQ:NTRS) (2)

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Quadrature Capital Ltd Makes New Investment in Northern Trust Co. (NASDAQ:NTRS) (2024)

FAQs

What is the yield of NTRS? ›

Dividend History for Northern Trust Corp (ntrs)
Ex-Div. DateAmountYield
12/8/2022$0.753.4%
3/10/2022$0.702.6%
12/9/2021$0.702.4%
6/10/2021$0.702.4%
37 more rows

Is Northern Trust a public company? ›

Northern Trust stock traded over the counter until February 5, 1971, when it began trading on The Nasdaq Stock Market with the ticker symbol NTRS. This is the first day Nasdaq started trading. Northern Trust's common stock has split seven times in the Corporation's history.

What is the yield of NTR stock? ›

NTR's annual dividend yield is 4.16%.

What is a good yield amount? ›

All in all, though, a good yield is anywhere between 5 and 8%, but you should aim for 7 to 8% or beyond for the best yield on property investment. So when you're wondering what is a good rental yield for your property, aim for somewhere between these numbers.

Why is NTRS stock falling? ›

Northern Trust stock loses 5% of its value

Northern Trust Corp.'s stock dropped 5% on Wednesday after the bank delivered stronger-than-expected profit but its increased expenses drew scrutiny. reported second-quarter profit of $1.84 a share, well ahead of the FactSet consensus estimate of $1.75 a share.

Is Northern Trust a good stock to buy? ›

Northern has 4.25% upside potential, based on the analysts' average price target. Is NTRS a Buy, Sell or Hold? Northern has a consensus rating of Hold which is based on 3 buy ratings, 8 hold ratings and 1 sell ratings.

What does NTRS do? ›

NT file system (NTFS), which is also sometimes called the New Technology File System, is a process that the Windows NT operating system uses for storing, organizing, and finding files on a hard disk efficiently. NTFS was first introduced in 1993, as apart of the Windows NT 3.1 release.

What is the yield on treasurys? ›

Treasury Yields
NameCouponYield
GB12:GOV 12 Month0.004.73%
GT2:GOV 2 Year4.384.28%
GT5:GOV 5 Year4.003.94%
GT10:GOV 10 Year4.384.05%
3 more rows

What is the yield of the Vietnam USD government bond? ›

The Vietnam 10-Year Government Bond currently offers a yield of 2.828%. This yield reflects the return investors can expect if they hold the bond until maturity. Government bond yields are critical indicators of economic confidence and investor sentiment.

What is NTRS debt to equity ratio? ›

Compare NTRS With Other Stocks
Northern Trust Debt/Equity Ratio Historical Data
DateLong Term DebtDebt to Equity Ratio
2022-03-31$161.16B14.12
2021-12-31$171.87B14.30
2021-09-30$157.19B13.21
59 more rows

What is the yield on the 6 mo Treasury bill? ›

6 Month Treasury Rate is at 5.16%, compared to 5.18% the previous market day and 5.53% last year. This is higher than the long term average of 2.85%. The 6 Month Treasury Bill Rate is the yield received for investing in a US government issued treasury security that has a maturity of 6 months.

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