Northern Trust Co. (NASDAQ:NTRS) Shares Bought by CANADA LIFE ASSURANCE Co

CANADA LIFE ASSURANCE Co increased its holdings in shares of Northern Trust Co. (NASDAQ:NTRS - Free Report) by 6.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 360,640 shares of the asset manager's stock after acquiring an additional 23,020 shares during the quarter. CANADA LIFE ASSURANCE Co owned about 0.18% of Northern Trust worth $32,111,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Spartan Planning & Wealth Management boosted its holdings in Northern Trust by 10,566.7% in the 4th quarter. Spartan Planning & Wealth Management now owns 320 shares of the asset manager's stock valued at $27,000 after purchasing an additional 317 shares during the last quarter. Quent Capital LLC lifted its holdings in shares of Northern Trust by 77.8% in the 4th quarter. Quent Capital LLC now owns 361 shares of the asset manager's stock worth $30,000 after acquiring an additional 158 shares during the last quarter. Allworth Financial LP lifted its holdings in shares of Northern Trust by 94.1% in the 4th quarter. Allworth Financial LP now owns 359 shares of the asset manager's stock worth $30,000 after acquiring an additional 174 shares during the last quarter. Friedenthal Financial acquired a new position in shares of Northern Trust in the 4th quarter worth approximately $45,000. Finally, TFC Financial Management Inc. lifted its holdings in shares of Northern Trust by 1,650.0% in the 4th quarter. TFC Financial Management Inc. now owns 630 shares of the asset manager's stock worth $53,000 after acquiring an additional 594 shares during the last quarter. 83.19% of the stock is currently owned by institutional investors and hedge funds.

Northern Trust Stock Up 1.8 %

Shares of NASDAQ:NTRS traded up $1.53 during trading hours on Thursday, reaching $87.98. The stock had a trading volume of 929,324 shares, compared to its average volume of 1,387,805. Northern Trust Co. has a 1 year low of $62.44 and a 1 year high of $92.46. The firm's 50 day moving average is $84.14 and its 200-day moving average is $83.43. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.71 and a current ratio of 0.71. The stock has a market capitalization of $18.00 billion, a price-to-earnings ratio of 19.42, a P/E/G ratio of 1.28 and a beta of 1.10.

Northern Trust (NASDAQ:NTRS - Get Free Report) last announced its quarterly earnings data on Wednesday, July 17th. The asset manager reported $1.78 EPS for the quarter, beating analysts' consensus estimates of $1.75 by $0.03. Northern Trust had a net margin of 10.53% and a return on equity of 12.24%. The company had revenue of $2.72 billion for the quarter, compared to the consensus estimate of $1.84 billion. During the same period in the prior year, the firm posted $1.79 EPS. The company's quarterly revenue was up 53.8% compared to the same quarter last year. Research analysts predict that Northern Trust Co. will post 7.02 earnings per share for the current fiscal year.

Northern Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Friday, September 6th will be given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 3.41%. The ex-dividend date is Friday, September 6th. Northern Trust's dividend payout ratio is presently 66.23%.

Analyst Ratings Changes

Several brokerages have recently commented on NTRS. Keefe, Bruyette & Woods decreased their price objective on shares of Northern Trust from $92.00 to $85.00 and set a "market perform" rating on the stock in a report on Thursday, June 27th. Royal Bank of Canada upped their price objective on shares of Northern Trust from $86.00 to $90.00 and gave the stock an "outperform" rating in a report on Thursday, July 18th. Jefferies Financial Group upped their price objective on shares of Northern Trust from $101.00 to $103.00 and gave the stock a "buy" rating in a report on Thursday, April 18th. The Goldman Sachs Group cut their target price on shares of Northern Trust from $94.00 to $84.00 and set a "neutral" rating on the stock in a research note on Tuesday, July 2nd. Finally, Evercore ISI upped their target price on shares of Northern Trust from $86.00 to $87.00 and gave the stock an "in-line" rating in a research note on Thursday, April 4th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Northern Trust currently has a consensus rating of "Hold" and an average price target of $86.75.

Insider Buying and Selling at Northern Trust

In related news, insider Steven L. Fradkin sold 4,097 shares of the stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $82.56, for a total value of $338,248.32. Following the transaction, the insider now directly owns 46,078 shares of the company's stock, valued at approximately $3,804,199.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, insider Peter Cherecwich sold 12,000 shares of the stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $87.09, for a total value of $1,045,080.00. Following the transaction, the insider now directly owns 31,471 shares of the company's stock, valued at approximately $2,740,809.39. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Steven L. Fradkin sold 4,097 shares of the stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $82.56, for a total transaction of $338,248.32. Following the completion of the transaction, the insider now directly owns 46,078 shares in the company, valued at $3,804,199.68. The disclosure for this sale can be found here. Insiders own 0.64% of the company's stock.

Northern Trust 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.