Aquatic Capital Management LLC Acquires New Position in Northern Trust Co. (NASDAQ:NTRS)

Aquatic Capital Management LLC bought a new position in shares of Northern Trust Co. (NASDAQ:NTRS - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 47,530 shares of the asset manager's stock, valued at approximately $4,872,000.

A number of other large investors also recently bought and sold shares of the company. Juncture Wealth Strategies LLC lifted its stake in Northern Trust by 2.4% during the fourth quarter. Juncture Wealth Strategies LLC now owns 4,212 shares of the asset manager's stock worth $432,000 after purchasing an additional 100 shares during the last quarter. Ballentine Partners LLC raised its holdings 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 purchasing an additional 105 shares during the period. Pallas Capital Advisors LLC lifted its position in shares of Northern Trust by 1.8% in the 4th quarter. Pallas Capital Advisors LLC now owns 6,091 shares of the asset manager's stock worth $624,000 after buying an additional 107 shares during the last quarter. Bradley Foster & Sargent Inc. CT boosted its holdings in shares of Northern Trust by 2.4% in the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 4,774 shares of the asset manager's stock valued at $489,000 after buying an additional 114 shares during the period. Finally, Brooklyn Investment Group grew its position in shares of Northern Trust by 51.2% during the 4th quarter. Brooklyn Investment Group now owns 378 shares of the asset manager's stock valued at $39,000 after buying an additional 128 shares during the last quarter. Institutional investors own 83.19% of the company's stock.

Wall Street Analysts Forecast Growth

NTRS has been the subject of a number of research reports. Royal Bank of Canada decreased their target price on Northern Trust from $115.00 to $105.00 and set an "outperform" rating for the company in a research note on Wednesday. Wells Fargo & Company dropped their price objective on shares of Northern Trust from $118.00 to $111.00 and set an "equal weight" rating on the stock in a report on Wednesday. StockNews.com lowered shares of Northern Trust from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Morgan Stanley cut their price target on Northern Trust from $136.00 to $132.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 2nd. Finally, UBS Group boosted their price objective on Northern Trust from $110.00 to $114.00 and gave the stock a "neutral" rating in a research report on Monday, January 27th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Northern Trust currently has a consensus rating of "Hold" and an average target price of $110.83.

Northern Trust Stock Performance

Shares of NASDAQ NTRS opened at $91.59 on Friday. Northern Trust Co. has a 1 year low of $79.68 and a 1 year high of $114.67. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.71 and a current ratio of 0.68. The stock has a fifty day moving average price of $97.80 and a two-hundred day moving average price of $102.81. The firm has a market cap of $17.92 billion, a P/E ratio of 9.37, a PEG ratio of 1.72 and a beta of 1.10.

Northern Trust (NASDAQ:NTRS - Get Free Report) last released its earnings results on Tuesday, April 22nd. The asset manager reported $1.90 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.85 by $0.05. Northern Trust had a return on equity of 13.74% and a net margin of 12.77%. The firm had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.95 billion. Research analysts forecast that Northern Trust Co. 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 Tuesday, July 1st. Investors of record on Friday, June 6th will be paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 3.28%. The ex-dividend date of this dividend is Friday, June 6th. Northern Trust's dividend payout ratio is presently 27.99%.

Insider Buying and Selling

In other news, insider Jason J. Tyler sold 2,237 shares of the firm's stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $112.67, for a total transaction of $252,042.79. Following the completion of the sale, the insider now directly owns 58,449 shares of the company's stock, valued at $6,585,448.83. This trade represents a 3.69 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider John Landers sold 900 shares of the business's stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $111.44, for a total value of $100,296.00. Following the sale, the insider now directly owns 7,640 shares in the company, valued at $851,401.60. This trade represents a 10.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 35,335 shares of company stock worth $3,970,211. Corporate insiders own 0.77% of the company's stock.

About Northern Trust

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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