Inceptionr LLC Increases Stock Position in Northern Trust Co. (NASDAQ:NTRS)

Inceptionr LLC lifted its position in shares of Northern Trust Co. (NASDAQ:NTRS - Free Report) by 107.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,079 shares of the asset manager's stock after purchasing an additional 9,362 shares during the period. Inceptionr LLC's holdings in Northern Trust were worth $1,853,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Juncture Wealth Strategies LLC lifted its position in shares of Northern Trust by 2.4% during the 4th 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 lifted its position in shares of Northern Trust by 4.4% during 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 last quarter. Pallas Capital Advisors LLC raised its stake in Northern Trust by 1.8% during the 4th quarter. Pallas Capital Advisors LLC now owns 6,091 shares of the asset manager's stock worth $624,000 after acquiring an additional 107 shares in the last quarter. Bradley Foster & Sargent Inc. CT raised its stake in Northern Trust by 2.4% during the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 4,774 shares of the asset manager's stock worth $489,000 after acquiring an additional 114 shares in the last quarter. Finally, Mesirow Financial Investment Management Inc. raised its stake in Northern Trust by 0.4% during the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 35,673 shares of the asset manager's stock worth $3,212,000 after acquiring an additional 127 shares in the last quarter. 83.19% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

NTRS has been the topic of several research analyst reports. Wells Fargo & Company lifted their price target on shares of Northern Trust from $108.00 to $110.00 and gave the stock an "equal weight" rating in a research note on Friday, November 15th. Truist Financial lifted their price target on shares of Northern Trust from $110.00 to $116.00 and gave the stock a "hold" rating in a research note on Friday, January 24th. StockNews.com lowered shares of Northern Trust from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Deutsche Bank Aktiengesellschaft lifted their price target 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. Finally, Barclays lifted their price target on shares of Northern Trust from $115.00 to $118.00 and gave the stock an "equal weight" rating in a research note on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $113.50.

Insider Activity

In related news, insider John Landers sold 900 shares of the business's stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $111.44, for a total transaction of $100,296.00. Following the sale, the insider now owns 7,640 shares of the company's stock, valued at approximately $851,401.60. The trade was a 10.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jason J. Tyler sold 2,237 shares of the business's stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $112.67, for a total transaction of $252,042.79. Following the sale, the insider now directly owns 58,449 shares in the company, valued at approximately $6,585,448.83. This 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 valued at $3,970,211 over the last quarter. Corporate insiders own 0.64% of the company's stock.

Northern Trust Stock Performance

Shares of NASDAQ:NTRS 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 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. The stock has a 50 day moving average price of $108.20 and a two-hundred day moving average price of $101.91. 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 Co. has a 1 year low of $79.30 and a 1 year high of $114.67.

Northern Trust (NASDAQ:NTRS - Get Free Report) last issued its earnings results on Thursday, January 23rd. The asset manager reported $2.26 earnings per share 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%. As a group, equities analysts predict that Northern Trust Co. will post 8.27 earnings per share for the current fiscal year.

Northern Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be issued a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 2.88%. The ex-dividend date is Friday, March 14th. Northern Trust's payout ratio is 30.67%.

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.