GM Advisory Group LLC Invests $298,000 in Northern Trust Co. (NASDAQ:NTRS)

GM Advisory Group LLC acquired a new position in Northern Trust Co. (NASDAQ:NTRS - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 2,903 shares of the asset manager's stock, valued at approximately $298,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NTRS. Ballentine Partners LLC lifted its position 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. lifted its holdings in Northern Trust by 24.7% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 22,061 shares of the asset manager's stock worth $2,286,000 after buying an additional 4,374 shares during the period. JPMorgan Chase & Co. lifted its holdings in Northern Trust by 9.9% during the third quarter. JPMorgan Chase & Co. now owns 4,296,442 shares of the asset manager's stock worth $386,809,000 after buying an additional 388,692 shares during the period. Kovitz Investment Group Partners LLC boosted its position in Northern Trust by 68.1% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 13,765 shares of the asset manager's stock valued at $1,239,000 after acquiring an additional 5,578 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Northern Trust by 0.6% in 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 acquiring an additional 8,102 shares in the last quarter. 83.19% of the stock is currently owned by institutional investors.

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Northern Trust Stock Performance

NASDAQ:NTRS traded up $2.67 during mid-day trading on Monday, hitting $101.44. The company's stock had a trading volume of 942,637 shares, compared to its average volume of 1,177,752. The business's fifty day moving average is $107.42 and its two-hundred day moving average is $102.55. The stock has a market cap of $19.85 billion, a price-to-earnings ratio of 10.37, a PEG ratio of 1.72 and a beta of 1.07. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.71. Northern Trust Co. has a 1 year low of $79.32 and a 1 year high of $114.67.

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, beating the consensus estimate of $1.96 by $0.30. Northern Trust had a net margin of 12.77% and a return on equity of 13.74%. Analysts anticipate that Northern Trust Co. will post 8.27 EPS for the current fiscal year.

Northern Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 2.96%. The ex-dividend date of this dividend is Friday, March 14th. Northern Trust's payout ratio is 30.67%.

Wall Street Analysts Forecast Growth

NTRS has been the topic of a number of recent research reports. Morgan Stanley dropped their price objective on Northern Trust from $138.00 to $136.00 and set an "equal weight" rating on the stock in a research report on Thursday, March 6th. Keefe, Bruyette & Woods raised their price target on shares of Northern Trust from $113.00 to $122.00 and gave the company a "market perform" rating in a report on Friday, January 24th. Citigroup reduced their price objective on shares of Northern Trust from $110.00 to $105.00 and set a "neutral" rating for the company in a research note on Monday. UBS Group raised their target price 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. Finally, Royal Bank of Canada upped their price target on Northern Trust from $107.00 to $115.00 and gave the stock an "outperform" rating in a research report on Friday, January 24th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Northern Trust has an average rating of "Hold" and a consensus price target of $112.85.

Insider Transactions at Northern Trust

In related news, insider John Landers sold 900 shares of the 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 completion of the transaction, the insider now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Thomas A. South sold 3,804 shares of the firm's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $113.00, for a total value of $429,852.00. Following the completion of the transaction, 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. Insiders sold 35,335 shares of company stock valued at $3,970,211 over the last 90 days. Corporate insiders own 0.64% of the company's stock.

Northern Trust Company 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.