Horizon Investment Services LLC acquired a new stake in Northern Trust Co. (NASDAQ:NTRS - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 9,738 shares of the asset manager's stock, valued at approximately $998,000.
A number of other large investors also recently bought and sold shares of NTRS. Y.D. More Investments Ltd increased 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 purchasing an additional 135 shares during the last quarter. 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 buying an additional 317 shares during the last quarter. Brooklyn Investment Group raised its stake in Northern Trust by 51.2% in the fourth quarter. Brooklyn Investment Group now owns 378 shares of the asset manager's stock valued at $39,000 after buying an additional 128 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Northern Trust by 83.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 494 shares of the asset manager's stock worth $51,000 after buying an additional 224 shares during the last quarter. Finally, Friedenthal Financial acquired a new stake in shares of Northern Trust in the 4th quarter valued at about $57,000. Institutional investors and hedge funds own 83.19% of the company's stock.
Insider Buying and Selling at Northern Trust
In other Northern Trust news, insider Jason J. Tyler sold 2,237 shares of the 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 transaction, the insider now directly owns 58,449 shares of the company's stock, valued at approximately $6,585,448.83. This trade represents a 3.69 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Jane Karpinski sold 2,262 shares of the company's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $111.33, for a total value of $251,828.46. Following the completion of the sale, the executive vice president now owns 17,236 shares of the company's stock, valued at approximately $1,918,883.88. This trade represents a 11.60 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 35,335 shares of company stock worth $3,970,211. 0.77% of the stock is owned by company insiders.
Northern Trust Stock Performance
Shares of NASDAQ:NTRS 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 stock has a market capitalization of $19.31 billion, a P/E ratio of 10.09, a price-to-earnings-growth ratio of 1.72 and a beta of 1.07. Northern Trust Co. has a 12 month low of $79.32 and a 12 month high of $114.67. The company has a 50 day moving average of $107.04 and a 200-day moving average of $102.99. 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 (NASDAQ:NTRS - Get Free Report) last announced its quarterly 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%. On average, equities 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 given a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 3.04%. The ex-dividend date is Friday, March 14th. Northern Trust's dividend payout ratio (DPR) is 30.67%.
Analysts Set New Price Targets
Several research analysts have weighed in on the company. UBS Group lifted their target price on Northern Trust from $110.00 to $114.00 and gave the company a "neutral" rating in a research note on Monday, January 27th. The Goldman Sachs Group boosted their price objective on shares of Northern Trust from $92.00 to $102.00 and gave the company a "sell" rating in a research note on Friday, January 24th. Barclays upped their price objective on shares of Northern Trust from $115.00 to $118.00 and gave the stock an "equal weight" rating in a research report on Monday, January 6th. Morgan Stanley dropped their price target on shares of Northern Trust from $138.00 to $136.00 and set an "equal weight" rating on the stock in a research note on Thursday, March 6th. Finally, Wells Fargo & Company decreased their price target on Northern Trust from $119.00 to $118.00 and set an "equal weight" rating on the stock in a research note on Friday. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $113.46.
Get Our Latest Research Report on NTRS
Northern Trust 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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