Martingale Asset Management L P Increases Stock Position in Northern Trust Co. (NASDAQ:NTRS)

Martingale Asset Management L P raised its stake in Northern Trust Co. (NASDAQ:NTRS - Free Report) by 236.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 198,807 shares of the asset manager's stock after buying an additional 139,689 shares during the period. Martingale Asset Management L P owned about 0.10% of Northern Trust worth $20,378,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions 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 acquired a new position in shares of Northern Trust in the 4th quarter valued at about $33,000. Brooklyn Investment Group boosted its position in shares of Northern Trust by 51.2% during the 4th quarter. Brooklyn Investment Group now owns 378 shares of the asset manager's stock valued at $39,000 after purchasing an additional 128 shares in the last quarter. Assetmark Inc. grew its stake in Northern Trust by 528.3% during the fourth quarter. Assetmark Inc. now owns 377 shares of the asset manager's stock worth $39,000 after purchasing an additional 317 shares during the period. Finally, Proficio Capital Partners LLC bought a new stake in Northern Trust in the fourth quarter worth approximately $51,000. 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, EVP Thomas A. South sold 3,804 shares of the firm's stock in a transaction 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 completion of the sale, the executive vice president now directly owns 81,794 shares of the company's stock, valued at $9,242,722. This trade represents a 4.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, COO Peter Cherecwich sold 26,132 shares of the business's stock in a transaction on Wednesday, January 29th. The shares were sold at an average price of $112.36, for a total value of $2,936,191.52. Following the completion of the sale, the chief operating officer now owns 26,586 shares in the company, valued at approximately $2,987,202.96. The trade was a 49.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 35,335 shares of company stock worth $3,970,211 in the last quarter. 0.77% of the stock is currently owned by company insiders.

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Wall Street Analyst Weigh In

Several analysts have recently commented on NTRS shares. Morgan Stanley reduced their price objective on shares of Northern Trust from $136.00 to $132.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 2nd. Keefe, Bruyette & Woods raised their price target on shares of Northern Trust from $113.00 to $122.00 and gave the stock a "market perform" rating in a report on Friday, January 24th. Citigroup dropped their price objective on shares of Northern Trust from $110.00 to $105.00 and set a "neutral" rating on the stock in a report on Monday, March 24th. The Goldman Sachs Group raised their target price on Northern Trust from $92.00 to $102.00 and gave the company a "sell" rating in a research note on Friday, January 24th. Finally, Barclays upped their price target on 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, ten have assigned a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $112.31.

Northern Trust Stock Up 0.8 %

Shares of NTRS stock traded up $0.69 on Monday, hitting $88.98. The stock had a trading volume of 341,230 shares, compared to its average volume of 1,257,046. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.71. The business has a 50 day moving average of $102.30 and a 200 day moving average of $102.93. Northern Trust Co. has a 12-month low of $79.32 and a 12-month high of $114.67. The stock has a market cap of $17.41 billion, a price-to-earnings ratio of 9.10, a price-to-earnings-growth ratio of 1.72 and a beta of 1.10.

Northern Trust (NASDAQ:NTRS - Get Free Report) last posted its quarterly earnings data on Thursday, January 23rd. The asset manager reported $2.26 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%. As a group, analysts expect that Northern Trust Co. will post 8.27 EPS for the current year.

Northern Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th were given a $0.75 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $3.00 annualized dividend and a yield of 3.37%. Northern Trust's dividend payout ratio is currently 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.