Northern Trust Co. (NASDAQ:NTRS) Shares Bought by Wealthfront Advisers LLC

Wealthfront Advisers LLC grew its stake in shares of Northern Trust Co. (NASDAQ:NTRS - Free Report) by 209.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,644 shares of the asset manager's stock after acquiring an additional 12,614 shares during the quarter. Wealthfront Advisers LLC's holdings in Northern Trust were worth $1,911,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of NTRS. FMR LLC increased its holdings in Northern Trust by 9.3% in the 3rd quarter. FMR LLC now owns 18,187,663 shares of the asset manager's stock worth $1,637,435,000 after buying an additional 1,542,685 shares during the period. Primecap Management Co. CA increased its holdings in Northern Trust by 0.5% in the 3rd quarter. Primecap Management Co. CA now owns 7,085,117 shares of the asset manager's stock worth $637,873,000 after buying an additional 38,360 shares during the period. JPMorgan Chase & Co. increased its holdings in Northern Trust by 9.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,296,442 shares of the asset manager's stock worth $386,809,000 after buying an additional 388,692 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Northern Trust by 1.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,577,091 shares of the asset manager's stock worth $141,986,000 after buying an additional 16,500 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in Northern Trust by 0.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,267,406 shares of the asset manager's stock worth $129,909,000 after buying an additional 8,102 shares during the period. Institutional investors and hedge funds own 83.19% of the company's stock.

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Northern Trust Trading Up 1.0 %

Shares of NASDAQ NTRS traded up $0.99 during trading on Wednesday, hitting $99.27. 1,199,342 shares of the company were exchanged, compared to its average volume of 1,171,603. Northern Trust Co. has a 12-month low of $79.32 and a 12-month high of $114.67. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.71 and a current ratio of 0.68. The company has a fifty day moving average price of $107.56 and a 200-day moving average price of $102.37. The firm has a market capitalization of $19.43 billion, a PE ratio of 10.15, a P/E/G ratio of 1.72 and a beta of 1.07.

Northern Trust (NASDAQ:NTRS - Get Free Report) last posted its quarterly earnings results on Thursday, January 23rd. The asset manager reported $2.26 EPS for the quarter, topping the consensus estimate 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, equities research analysts expect that Northern Trust Co. will post 8.27 EPS for the current year.

Northern Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.75 per share. The ex-dividend date is Friday, March 14th. This represents a $3.00 annualized dividend and a dividend yield of 3.02%. Northern Trust's dividend payout ratio is presently 30.67%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Truist Financial increased their price target on shares of Northern Trust from $110.00 to $116.00 and gave the stock a "hold" rating in a report on Friday, January 24th. UBS Group raised their price objective 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. Keefe, Bruyette & Woods raised their price objective 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. StockNews.com cut shares of Northern Trust from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Finally, Morgan Stanley dropped their price objective on shares of Northern Trust from $138.00 to $136.00 and set an "equal weight" rating on the stock in a research note on Thursday, March 6th. 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 MarketBeat, Northern Trust presently has an average rating of "Hold" and an average price target of $113.50.

Insider Transactions at Northern Trust

In related news, EVP Thomas A. South sold 3,804 shares of the firm's stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $113.00, for a total transaction 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 approximately $9,242,722. This trade represents a 4.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jason J. Tyler sold 2,237 shares of the firm's stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $112.67, for a total value 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 35,335 shares of company stock worth $3,970,211 in the last quarter. Company insiders own 0.64% 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.