Aviance Capital Partners LLC raised its stake in Northern Trust Co. (NASDAQ:NTRS - Free Report) by 21.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 14,169 shares of the asset manager's stock after buying an additional 2,517 shares during the period. Aviance Capital Partners LLC's holdings in Northern Trust were worth $1,452,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Y.D. More Investments Ltd grew its position in shares of Northern Trust by 118.4% in the 4th quarter. Y.D. More Investments Ltd now owns 249 shares of the asset manager's stock valued at $26,000 after buying an additional 135 shares during the last quarter. Assetmark Inc. boosted its holdings in Northern Trust by 528.3% in the fourth quarter. Assetmark Inc. now owns 377 shares of the asset manager's stock worth $39,000 after acquiring an additional 317 shares in the last quarter. Brooklyn Investment Group boosted its holdings in Northern Trust by 51.2% in the fourth quarter. Brooklyn Investment Group now owns 378 shares of the asset manager's stock worth $39,000 after acquiring an additional 128 shares in the last quarter. Capital Performance Advisors LLP bought a new position in Northern Trust in the third quarter worth approximately $48,000. Finally, Friedenthal Financial purchased a new stake in shares of Northern Trust in the fourth quarter worth approximately $57,000. Institutional investors own 83.19% of the company's stock.
Northern Trust Stock Performance
Northern Trust stock traded up $0.49 during midday trading on Friday, hitting $104.32. The stock had a trading volume of 1,294,515 shares, compared to its average volume of 1,244,378. The firm's fifty day moving average is $108.20 and its two-hundred day moving average is $101.80. The company has a market capitalization of $20.42 billion, a PE ratio of 10.67, a P/E/G ratio of 1.72 and a beta of 1.07. Northern Trust Co. has a 52-week low of $79.30 and a 52-week 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 earnings results on Thursday, January 23rd. The asset manager reported $2.26 EPS for the quarter, beating 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%. On average, research analysts forecast that Northern Trust Co. will post 8.27 EPS for the current year.
Northern Trust Announces Dividend
The firm 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. The ex-dividend date of this dividend is Friday, March 14th. This represents a $3.00 dividend on an annualized basis and a yield of 2.88%. Northern Trust's payout ratio is 30.67%.
Insiders Place Their Bets
In other Northern Trust news, EVP Thomas A. South sold 3,804 shares of the firm's stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $113.00, for a total value of $429,852.00. Following the completion of the sale, the executive vice president now owns 81,794 shares of the company's stock, valued at approximately $9,242,722. This trade represents a 4.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jason J. Tyler sold 2,237 shares of Northern Trust stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $112.67, for a total value of $252,042.79. Following 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 disclosure for this sale can be found here. Insiders have sold a total of 35,335 shares of company stock worth $3,970,211 over the last quarter. Company insiders own 0.64% of the company's stock.
Analyst Upgrades and Downgrades
NTRS has been the subject of several analyst reports. UBS Group increased their price objective on Northern Trust from $110.00 to $114.00 and gave the stock a "neutral" rating in a research note on Monday, January 27th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Northern Trust from $100.00 to $108.00 and gave the stock a "hold" rating in a research note on Monday, November 11th. StockNews.com downgraded shares of Northern Trust from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Wells Fargo & Company raised their price objective on shares of Northern Trust from $108.00 to $110.00 and gave the company an "equal weight" rating in a research report on Friday, November 15th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Northern Trust from $113.00 to $122.00 and gave the company a "market perform" rating in a research report on Friday, January 24th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $113.50.
View Our Latest Research Report on Northern Trust
Northern Trust Company Profile
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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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