Northern Trust Co. (NASDAQ:NTRS) Shares Purchased by HighTower Advisors LLC

HighTower Advisors LLC boosted its stake in Northern Trust Co. (NASDAQ:NTRS - Free Report) by 118.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 58,357 shares of the asset manager's stock after buying an additional 31,583 shares during the quarter. HighTower Advisors LLC's holdings in Northern Trust were worth $5,982,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Y.D. More Investments Ltd boosted its holdings in shares of Northern Trust by 118.4% during the 4th quarter. Y.D. More Investments Ltd now owns 249 shares of the asset manager's stock worth $26,000 after purchasing an additional 135 shares during the last quarter. Empirical Asset Management LLC acquired a new position in shares of Northern Trust during the 4th quarter worth approximately $33,000. Brooklyn Investment Group boosted its holdings 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 worth $39,000 after purchasing an additional 128 shares during the last quarter. Assetmark Inc. boosted its holdings in shares of Northern Trust by 528.3% during the 4th quarter. Assetmark Inc. now owns 377 shares of the asset manager's stock worth $39,000 after purchasing an additional 317 shares during the last quarter. Finally, Proficio Capital Partners LLC acquired a new position in shares of Northern Trust during the 4th quarter worth approximately $51,000. 83.19% of the stock is owned by hedge funds and other institutional investors.

Northern Trust Trading Down 0.1 %

NASDAQ NTRS traded down $0.10 on Friday, reaching $98.77. The stock had a trading volume of 3,686,301 shares, compared to its average volume of 1,178,497. The firm has a market capitalization of $19.33 billion, a price-to-earnings ratio of 10.10, a P/E/G ratio of 1.72 and a beta of 1.07. The company has a quick ratio of 0.71, a current ratio of 0.68 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 stock has a fifty day moving average price of $107.42 and a two-hundred day moving average price of $102.37.

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Northern Trust (NASDAQ:NTRS - Get Free Report) last announced its 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%. As a group, sell-side analysts forecast that Northern Trust Co. will post 8.27 EPS for the current fiscal year.

Northern Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date is Friday, March 14th. Northern Trust's dividend payout ratio is currently 30.67%.

Analysts Set New Price Targets

NTRS has been the topic of several recent research reports. Truist Financial boosted their target price on Northern Trust from $110.00 to $116.00 and gave the stock a "hold" rating in a report on Friday, January 24th. UBS Group lifted their price target on shares of Northern Trust from $110.00 to $114.00 and gave the company a "neutral" rating in a research report on Monday, January 27th. Keefe, Bruyette & Woods lifted their price target on shares of Northern Trust from $113.00 to $122.00 and gave the company a "market perform" rating in a research report on Friday, January 24th. StockNews.com lowered shares of Northern Trust from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Finally, Royal Bank of Canada lifted their price target on shares of Northern Trust from $107.00 to $115.00 and gave the company an "outperform" rating in a research report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $113.50.

Insider Transactions at Northern Trust

In other news, COO Peter Cherecwich sold 26,132 shares of the company's stock in a transaction on Wednesday, January 29th. The stock was sold at an average price of $112.36, for a total transaction of $2,936,191.52. Following the sale, the chief operating officer now owns 26,586 shares of the company's stock, valued at approximately $2,987,202.96. This represents a 49.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Thomas A. South sold 3,804 shares of the company'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 sale, the executive vice president now directly owns 81,794 shares in the company, valued at $9,242,722. This represents a 4.44 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 35,335 shares of company stock valued at $3,970,211. 0.64% of the stock is currently owned by company insiders.

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.