Kathmere Capital Management LLC Makes New Investment in Northern Trust Co. (NASDAQ:NTRS)

Kathmere Capital Management LLC bought a new position in shares of Northern Trust Co. (NASDAQ:NTRS - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 2,664 shares of the asset manager's stock, valued at approximately $273,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NTRS. DekaBank Deutsche Girozentrale increased its holdings in Northern Trust by 0.3% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 43,713 shares of the asset manager's stock valued at $3,608,000 after buying an additional 120 shares during the period. Oppenheimer Asset Management Inc. boosted its position in shares of Northern Trust by 5.3% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 13,725 shares of the asset manager's stock valued at $1,153,000 after acquiring an additional 692 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Northern Trust by 12.3% in the second quarter. Dimensional Fund Advisors LP now owns 2,003,675 shares of the asset manager's stock valued at $168,253,000 after acquiring an additional 219,387 shares during the period. Mercer Global Advisors Inc. ADV raised its position in Northern Trust by 7.2% in the second quarter. Mercer Global Advisors Inc. ADV now owns 7,487 shares of the asset manager's stock worth $629,000 after purchasing an additional 500 shares in the last quarter. Finally, Amalgamated Bank lifted its stake in Northern Trust by 10.5% during the second quarter. Amalgamated Bank now owns 57,191 shares of the asset manager's stock worth $4,803,000 after purchasing an additional 5,451 shares during the period. 83.19% of the stock is currently owned by institutional investors.

Northern Trust Price Performance

Shares of NTRS stock traded up $0.38 during trading hours on Friday, reaching $106.87. 913,629 shares of the company were exchanged, compared to its average volume of 1,083,757. Northern Trust Co. has a fifty-two week low of $76.67 and a fifty-two week high of $111.87. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.71 and a quick ratio of 0.71. The stock's fifty day moving average is $105.69 and its two-hundred day moving average is $95.57. The company has a market cap of $21.18 billion, a price-to-earnings ratio of 13.29, a P/E/G ratio of 1.06 and a beta of 1.08.

Northern Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 1st. Shareholders of record on Friday, December 6th were given a $0.75 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $3.00 dividend on an annualized basis and a yield of 2.81%. Northern Trust's payout ratio is 37.31%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on NTRS shares. Deutsche Bank Aktiengesellschaft upped their price objective on Northern Trust from $100.00 to $108.00 and gave the company a "hold" rating in a research note on Monday, November 11th. Bank of America upped their price target on Northern Trust from $103.00 to $115.00 and gave the company a "buy" rating in a research report on Thursday, October 24th. Wells Fargo & Company lifted their price objective on Northern Trust from $108.00 to $110.00 and gave the company an "equal weight" rating in a report on Friday, November 15th. Barclays upped their target price on shares of Northern Trust from $115.00 to $118.00 and gave the stock an "equal weight" rating in a report on Monday, January 6th. Finally, UBS Group lifted their price target on shares of Northern Trust from $86.00 to $92.00 and gave the company a "neutral" rating in a report on Tuesday, October 8th. 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 company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $107.17.

Insider Activity

In related news, EVP Susan Cohen Levy sold 19,585 shares of the business's stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $102.26, for a total transaction of $2,002,762.10. Following the completion of the sale, the executive vice president now directly owns 17,132 shares of the company's stock, valued at $1,751,918.32. The trade was a 53.34 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Vice Chairman Steven L. Fradkin sold 9,100 shares of the firm's stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $111.00, for a total transaction of $1,010,100.00. Following the completion of the transaction, the insider now directly owns 47,797 shares in the company, valued at approximately $5,305,467. The trade was a 15.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 82,151 shares of company stock valued at $8,489,889. Company insiders own 0.64% of the company's stock.

About Northern Trust

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.