Oak Associates Ltd. OH Invests $1.63 Million in Northern Trust Co. (NASDAQ:NTRS)

Oak Associates Ltd. OH bought a new position in Northern Trust Co. (NASDAQ:NTRS - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 15,931 shares of the asset manager's stock, valued at approximately $1,633,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Ballentine Partners LLC lifted its stake in shares of Northern Trust by 4.4% in the 4th quarter. Ballentine Partners LLC now owns 2,483 shares of the asset manager's stock worth $255,000 after purchasing an additional 105 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its position in Northern Trust by 24.7% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 22,061 shares of the asset manager's stock valued at $2,286,000 after acquiring an additional 4,374 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Northern Trust by 9.9% in the third quarter. JPMorgan Chase & Co. now owns 4,296,442 shares of the asset manager's stock valued at $386,809,000 after acquiring an additional 388,692 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Northern Trust by 0.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,267,406 shares of the asset manager's stock worth $129,909,000 after purchasing an additional 8,102 shares during the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new position in Northern Trust in the 4th quarter worth approximately $7,437,000. 83.19% of the stock is currently owned by institutional investors.

Insider Activity at Northern Trust

In other news, COO Peter Cherecwich sold 26,132 shares of the business's stock in a transaction dated Wednesday, January 29th. The shares were sold at an average price of $112.36, for a total value of $2,936,191.52. Following the completion of the sale, the chief operating officer now owns 26,586 shares in the company, valued at approximately $2,987,202.96. The trade was a 49.57 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Thomas A. South sold 3,804 shares of the stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $113.00, for a total transaction of $429,852.00. Following the completion of the sale, the executive vice president now owns 81,794 shares in the company, valued at $9,242,722. The trade was a 4.44 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 35,335 shares of company stock worth $3,970,211. 0.77% of the stock is owned by company insiders.

Northern Trust Stock Performance

Northern Trust stock traded down $1.04 during midday trading on Wednesday, reaching $88.23. The stock had a trading volume of 484,849 shares, compared to its average volume of 1,258,290. The firm's 50-day moving average price is $101.34 and its 200 day moving average price is $102.83. The company has a quick ratio of 0.71, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. Northern Trust Co. has a 12 month low of $79.32 and a 12 month high of $114.67. The firm has a market capitalization of $17.27 billion, a PE ratio of 9.02, a P/E/G ratio of 1.72 and a beta of 1.10.

Northern Trust (NASDAQ:NTRS - Get Free Report) last posted its earnings results on Thursday, January 23rd. The asset manager reported $2.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.96 by $0.30. Northern Trust had a return on equity of 13.74% and a net margin of 12.77%. As a group, research analysts predict that Northern Trust Co. will post 8.27 earnings per share for the current fiscal year.

Northern Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th were given a $0.75 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $3.00 annualized dividend and a yield of 3.40%. Northern Trust's payout ratio is presently 30.67%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Wells Fargo & Company cut their price objective on Northern Trust from $119.00 to $118.00 and set an "equal weight" rating for the company in a research note on Friday, March 28th. Evercore ISI dropped their price target on shares of Northern Trust from $113.00 to $104.00 and set an "in-line" rating on the stock in a research note on Tuesday, April 1st. Citigroup cut their price target on Northern Trust from $110.00 to $105.00 and set a "neutral" rating for the company in a research note on Monday, March 24th. Barclays increased their target price on shares of Northern Trust from $115.00 to $118.00 and gave the company an "equal weight" rating in a report on Monday, January 6th. Finally, UBS Group upped their price objective on shares of Northern Trust from $110.00 to $114.00 and gave the company a "neutral" rating in a research note on Monday, January 27th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, Northern Trust presently has an average rating of "Hold" and a consensus price target of $112.31.

Northern Trust Profile

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.