Northern Trust Co. (NASDAQ:NTRS) Shares Acquired by Oak Harvest Investment Services

Oak Harvest Investment Services raised its position in shares of Northern Trust Co. (NASDAQ:NTRS - Free Report) by 3.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 113,315 shares of the asset manager's stock after acquiring an additional 3,417 shares during the quarter. Northern Trust makes up about 1.6% of Oak Harvest Investment Services' holdings, making the stock its 13th largest holding. Oak Harvest Investment Services owned 0.06% of Northern Trust worth $11,615,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Creative Planning increased its holdings in shares of Northern Trust by 7.6% in the second quarter. Creative Planning now owns 23,614 shares of the asset manager's stock valued at $1,983,000 after purchasing an additional 1,665 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of Northern Trust in the second quarter valued at approximately $1,622,000. Massmutual Trust Co. FSB ADV increased its holdings in shares of Northern Trust by 14.5% in the third quarter. Massmutual Trust Co. FSB ADV now owns 922 shares of the asset manager's stock valued at $83,000 after purchasing an additional 117 shares during the last quarter. Czech National Bank increased its holdings in shares of Northern Trust by 5.4% in the third quarter. Czech National Bank now owns 41,075 shares of the asset manager's stock valued at $3,698,000 after purchasing an additional 2,088 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of Northern Trust by 24.2% in the third quarter. GAMMA Investing LLC now owns 3,591 shares of the asset manager's stock valued at $323,000 after purchasing an additional 699 shares during the last quarter. Institutional investors and hedge funds own 83.19% of the company's stock.

Northern Trust Stock Performance

NTRS traded up $0.52 on Tuesday, reaching $111.34. The company had a trading volume of 655,626 shares, compared to its average volume of 1,183,506. The stock has a 50-day moving average price of $106.26 and a 200-day moving average price of $97.76. The stock has a market capitalization of $22.07 billion, a PE ratio of 11.39, a P/E/G ratio of 1.72 and a beta of 1.08. Northern Trust Co. has a 1 year low of $76.67 and a 1 year high of $114.21. 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 (NASDAQ:NTRS - Get Free Report) last announced its earnings results on Thursday, January 23rd. The asset manager reported $2.26 EPS for the quarter, beating analysts' consensus estimates 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, research analysts forecast that Northern Trust Co. will post 8.2 EPS for the current fiscal year.

Northern Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be given a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 2.69%. The ex-dividend date is Friday, March 14th. Northern Trust's dividend payout ratio (DPR) is presently 30.67%.

Insider Buying and Selling at Northern Trust

In other Northern Trust news, COO Peter Cherecwich sold 26,132 shares of the company's stock in a transaction on Wednesday, January 29th. The shares were sold at an average price of $112.36, for a total transaction of $2,936,191.52. Following the completion of the transaction, the chief operating officer now owns 26,586 shares in the company, valued at approximately $2,987,202.96. This represents a 49.57 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Thomas A. South sold 5,000 shares of Northern Trust stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $105.80, for a total transaction of $529,000.00. Following the completion of the sale, the executive vice president now directly owns 49,756 shares in the company, valued at approximately $5,264,184.80. The trade was a 9.13 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 58,622 shares of company stock valued at $6,426,307 in the last ninety days. Insiders own 0.64% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft increased their price objective on Northern Trust from $100.00 to $108.00 and gave the stock a "hold" rating in a research report on Monday, November 11th. UBS Group boosted their price objective on Northern Trust from $110.00 to $114.00 and gave the company a "neutral" rating in a report on Monday, January 27th. Truist Financial raised their target price on Northern Trust from $110.00 to $116.00 and gave the company a "hold" rating in a report on Friday, January 24th. Keefe, Bruyette & Woods boosted their price target on shares of Northern Trust from $113.00 to $122.00 and gave the stock a "market perform" rating in a research note on Friday, January 24th. Finally, Morgan Stanley decreased their price target on shares of Northern Trust from $127.00 to $125.00 and set an "equal weight" rating for the company in a research report on Friday, January 3rd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $112.58.

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.