LPL Financial LLC Purchases 20,564 Shares of Northern Trust Co. (NASDAQ:NTRS)

LPL Financial LLC boosted its holdings in shares of Northern Trust Co. (NASDAQ:NTRS - Free Report) by 83.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 45,184 shares of the asset manager's stock after purchasing an additional 20,564 shares during the period. LPL Financial LLC's holdings in Northern Trust were worth $4,631,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. HighTower Advisors LLC boosted its stake in shares of Northern Trust by 48.8% during the 3rd quarter. HighTower Advisors LLC now owns 26,774 shares of the asset manager's stock valued at $2,431,000 after purchasing an additional 8,781 shares in the last quarter. Kovitz Investment Group Partners LLC lifted its holdings in Northern Trust by 68.1% in the third quarter. Kovitz Investment Group Partners LLC now owns 13,765 shares of the asset manager's stock worth $1,239,000 after buying an additional 5,578 shares during the period. EP Wealth Advisors LLC boosted its position in Northern Trust by 359.2% during the 3rd quarter. EP Wealth Advisors LLC now owns 11,797 shares of the asset manager's stock valued at $1,062,000 after acquiring an additional 9,228 shares in the last quarter. XTX Topco Ltd purchased a new position in shares of Northern Trust during the 3rd quarter worth approximately $372,000. Finally, Y Intercept Hong Kong Ltd bought a new position in shares of Northern Trust in the 3rd quarter worth approximately $1,071,000. Institutional investors own 83.19% of the company's stock.

Northern Trust Stock Up 1.4 %

NTRS stock traded up $1.21 during midday trading on Monday, hitting $89.50. The company's stock had a trading volume of 533,316 shares, compared to its average volume of 1,257,833. The firm's 50-day moving average is $102.30 and its 200-day moving average is $102.93. 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 12 month low of $79.32 and a 12 month high of $114.67. The company has a market cap of $17.51 billion, a PE ratio of 9.15, a P/E/G ratio of 1.72 and a beta of 1.10.

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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 analysts' consensus estimates of $1.96 by $0.30. Northern Trust had a return on equity of 13.74% and a net margin of 12.77%. On average, equities research analysts forecast that Northern Trust Co. will post 8.27 earnings per share for the current fiscal year.

Northern Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th were paid a $0.75 dividend. The ex-dividend date was Friday, March 14th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 3.35%. Northern Trust's dividend payout ratio is presently 30.67%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on NTRS. Evercore ISI dropped their price target on Northern Trust from $113.00 to $104.00 and set an "in-line" rating on the stock in a research report on Tuesday, April 1st. Citigroup reduced their target price on shares of Northern Trust from $110.00 to $105.00 and set a "neutral" rating on the stock in a research report on Monday, March 24th. UBS Group increased their price target on shares of Northern Trust from $110.00 to $114.00 and gave the stock a "neutral" rating in a research note on Monday, January 27th. StockNews.com lowered shares of Northern Trust from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Finally, Keefe, Bruyette & Woods raised their target price on shares of Northern Trust from $113.00 to $122.00 and gave the company a "market perform" rating in a research note on Friday, January 24th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $112.31.

Insider Activity

In other Northern Trust news, insider John Landers sold 900 shares of the firm's stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $111.44, for a total value of $100,296.00. Following the transaction, the insider now directly owns 7,640 shares of the company's stock, valued at approximately $851,401.60. This trade represents a 10.54 % 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, insider Jason J. Tyler sold 2,237 shares of the company's stock in a transaction dated Thursday, January 30th. The shares were 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 of the company's stock, valued at $6,585,448.83. The trade was a 3.69 % 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 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.