Heritage Trust Co Purchases New Shares in Northern Trust Co. (NASDAQ:NTRS)

Heritage Trust Co acquired a new position in Northern Trust Co. (NASDAQ:NTRS - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 3,841 shares of the asset manager's stock, valued at approximately $394,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NTRS. Y.D. More Investments Ltd lifted its holdings in Northern Trust by 118.4% in the fourth 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 period. Empirical Asset Management LLC bought a new position in shares of Northern Trust in the 4th quarter worth $33,000. Brooklyn Investment Group grew its stake in shares of Northern Trust by 51.2% during the fourth quarter. Brooklyn Investment Group now owns 378 shares of the asset manager's stock worth $39,000 after purchasing an additional 128 shares during the period. Assetmark Inc. increased its holdings in Northern Trust by 528.3% in the fourth quarter. Assetmark Inc. now owns 377 shares of the asset manager's stock valued at $39,000 after purchasing an additional 317 shares during the last quarter. Finally, Proficio Capital Partners LLC acquired a new position in Northern Trust in the fourth quarter valued at about $51,000. 83.19% of the stock is owned by institutional investors.

Northern Trust Stock Down 0.6 %

Shares of NTRS stock traded down $0.54 on Tuesday, hitting $89.27. 1,536,742 shares of the stock were exchanged, compared to its average volume of 1,261,211. The company has a current ratio of 0.68, a quick ratio of 0.71 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $17.47 billion, a P/E ratio of 9.13, a price-to-earnings-growth ratio of 1.72 and a beta of 1.10. Northern Trust Co. has a fifty-two week low of $79.32 and a fifty-two week high of $114.67. The business has a 50-day moving average of $101.83 and a 200 day moving average of $102.93.

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Northern Trust (NASDAQ:NTRS - Get Free Report) last issued its quarterly earnings results on Thursday, January 23rd. The asset manager reported $2.26 earnings per share for the quarter, topping 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%. Equities analysts anticipate that Northern Trust Co. will post 8.27 EPS for the current 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 dividend of $0.75 per share. The ex-dividend date was Friday, March 14th. This represents a $3.00 annualized dividend and a yield of 3.36%. Northern Trust's dividend payout ratio (DPR) is presently 30.67%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on NTRS shares. Wells Fargo & Company decreased their target price on Northern Trust from $119.00 to $118.00 and set an "equal weight" rating for the company in a research report on Friday, March 28th. Keefe, Bruyette & Woods boosted their price objective 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. Morgan Stanley cut their target price on shares of Northern Trust from $136.00 to $132.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 2nd. Evercore ISI decreased their price target on shares of Northern Trust from $113.00 to $104.00 and set an "in-line" rating for the company in a report on Tuesday, April 1st. Finally, Royal Bank of Canada upped their price objective on shares of Northern Trust from $107.00 to $115.00 and gave the company an "outperform" rating in a research report on Friday, January 24th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $112.31.

Insider Transactions at Northern Trust

In related news, insider Jason J. Tyler sold 2,237 shares of the stock in a transaction that occurred 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 transaction, the insider now directly owns 58,449 shares of the company's stock, valued at approximately $6,585,448.83. This represents a 3.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Thomas A. South sold 3,804 shares of the business's stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $113.00, for a total value of $429,852.00. Following the transaction, the executive vice president now directly owns 81,794 shares in the company, valued at $9,242,722. This trade represents a 4.44 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 35,335 shares of company stock worth $3,970,211 in the last three months. Insiders own 0.77% 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.