Proficio Capital Partners LLC bought a new stake in Northern Trust Co. (NASDAQ:NTRS - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 51,250 shares of the asset manager's stock, valued at approximately $51,000.
A number of other institutional investors have also added to or reduced their stakes in NTRS. Ballentine Partners LLC increased its position in shares of Northern Trust by 4.4% during the fourth quarter. Ballentine Partners LLC now owns 2,483 shares of the asset manager's stock worth $255,000 after acquiring an additional 105 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings 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 worth $2,286,000 after purchasing an additional 4,374 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Northern Trust by 9.9% in the third quarter. JPMorgan Chase & Co. now owns 4,296,442 shares of the asset manager's stock worth $386,809,000 after purchasing an additional 388,692 shares during the last quarter. Kovitz Investment Group Partners LLC lifted its holdings in shares of Northern Trust by 68.1% in the third quarter. Kovitz Investment Group Partners LLC now owns 13,765 shares of the asset manager's stock valued at $1,239,000 after purchasing an additional 5,578 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Northern Trust by 0.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,267,406 shares of the asset manager's stock valued at $129,909,000 after buying an additional 8,102 shares during the last quarter. 83.19% of the stock is owned by institutional investors and hedge funds.
Northern Trust Stock Performance
Shares of NTRS stock traded up $1.50 during trading on Monday, reaching $98.65. 1,792,881 shares of the company's stock traded hands, compared to its average volume of 1,230,706. The firm's 50-day moving average is $107.04 and its 200 day moving average is $102.99. The company has a market capitalization of $19.31 billion, a P/E ratio of 10.09, a PEG ratio of 1.72 and a beta of 1.07. Northern Trust Co. has a 1 year low of $79.32 and a 1 year high of $114.67. The company has a current ratio of 0.68, a quick ratio of 0.71 and a debt-to-equity ratio of 0.58.
Northern Trust (NASDAQ:NTRS - Get Free Report) last posted its quarterly earnings results on Thursday, January 23rd. The asset manager reported $2.26 EPS for the quarter, topping analysts' consensus estimates of $1.96 by $0.30. Northern Trust had a return on equity of 13.74% and a net margin of 12.77%. Equities research analysts expect that Northern Trust Co. will post 8.27 EPS for the current year.
Northern Trust Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be paid a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 3.04%. The ex-dividend date of this dividend is Friday, March 14th. Northern Trust's dividend payout ratio is presently 30.67%.
Insider Buying and Selling
In other news, insider John Landers sold 900 shares of the company's stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $111.44, for a total value of $100,296.00. Following the completion of the sale, the insider now owns 7,640 shares of the company's stock, valued at approximately $851,401.60. This represents a 10.54 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Thomas A. South sold 3,804 shares of the business's 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 directly owns 81,794 shares of the company's stock, valued at $9,242,722. This represents a 4.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 35,335 shares of company stock worth $3,970,211. Corporate insiders own 0.77% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research firms have issued reports on NTRS. Royal Bank of Canada lifted their price objective on shares of Northern Trust from $107.00 to $115.00 and gave the stock an "outperform" rating in a report on Friday, January 24th. Morgan Stanley reduced their price objective on shares of Northern Trust from $138.00 to $136.00 and set an "equal weight" rating for the company in a research report on Thursday, March 6th. Citigroup dropped their target price on shares of Northern Trust from $110.00 to $105.00 and set a "neutral" rating on the stock in a research report on Monday, March 24th. Wells Fargo & Company reduced their target price on Northern Trust from $119.00 to $118.00 and set an "equal weight" rating for the company in a report on Friday. Finally, The Goldman Sachs Group lifted their price target on Northern Trust from $92.00 to $102.00 and gave the stock a "sell" rating in a report on Friday, January 24th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $113.46.
Read Our Latest Stock 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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