Northern Trust Co. (NASDAQ:NTRS) Shares Purchased by Focus Partners Wealth

Focus Partners Wealth boosted its stake in shares of Northern Trust Co. (NASDAQ:NTRS) by 10.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 21,267 shares of the asset manager’s stock after buying an additional 1,990 shares during the period. Focus Partners Wealth’s holdings in Northern Trust were worth $2,180,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Ellevest Inc. boosted its position in shares of Northern Trust by 3.4% during the 4th quarter. Ellevest Inc. now owns 3,410 shares of the asset manager’s stock valued at $350,000 after acquiring an additional 113 shares during the last quarter. Ethic Inc. raised its stake in Northern Trust by 50.4% during the fourth quarter. Ethic Inc. now owns 35,420 shares of the asset manager’s stock worth $3,631,000 after purchasing an additional 11,871 shares during the period. First Manhattan CO. LLC. boosted its holdings in Northern Trust by 1.2% in the 4th quarter. First Manhattan CO. LLC. now owns 74,159 shares of the asset manager’s stock valued at $7,657,000 after purchasing an additional 866 shares during the last quarter. Deutsche Bank AG grew its stake in shares of Northern Trust by 36.8% in the 4th quarter. Deutsche Bank AG now owns 1,084,668 shares of the asset manager’s stock valued at $111,178,000 after buying an additional 291,498 shares during the period. Finally, Colonial Trust Co SC grew its stake in shares of Northern Trust by 6,400.0% in the 4th quarter. Colonial Trust Co SC now owns 260 shares of the asset manager’s stock valued at $27,000 after buying an additional 256 shares during the period. 83.19% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. StockNews.com lowered Northern Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Truist Financial decreased their target price on shares of Northern Trust from $98.00 to $92.00 and set a “hold” rating on the stock in a research report on Wednesday, April 23rd. Morgan Stanley lowered their target price on shares of Northern Trust from $136.00 to $132.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 2nd. Royal Bank of Canada reduced their price target on shares of Northern Trust from $115.00 to $105.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 23rd. Finally, Citigroup lowered their price objective on shares of Northern Trust from $110.00 to $105.00 and set a “neutral” rating for the company in a research report on Monday, March 24th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $110.83.

Northern Trust Trading Up 1.0%

NTRS opened at $107.47 on Friday. The business has a fifty day moving average price of $95.23 and a 200 day moving average price of $103.01. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.71. Northern Trust Co. has a 12 month low of $79.68 and a 12 month high of $114.67. The stock has a market capitalization of $20.91 billion, a price-to-earnings ratio of 10.99, a PEG ratio of 1.72 and a beta of 1.18.

Northern Trust (NASDAQ:NTRS) last issued its earnings results on Tuesday, April 22nd. The asset manager reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.85 by $0.05. Northern Trust had a net margin of 12.77% and a return on equity of 13.74%. The firm had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.95 billion. Sell-side analysts expect that Northern Trust Co. will post 8.27 earnings per share for the current fiscal year.

Northern Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 6th will be issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 2.79%. The ex-dividend date of this dividend is Friday, June 6th. Northern Trust’s dividend payout ratio (DPR) is 27.99%.

Insider Transactions at Northern Trust

In other news, EVP Clive Bellows sold 3,300 shares of the company’s stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $99.95, for a total value of $329,835.00. Following the completion of the transaction, the executive vice president now owns 28,736 shares in the company, valued at approximately $2,872,163.20. This represents a 10.30% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Teresa Parker sold 6,467 shares of the firm’s stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $100.62, for a total value of $650,709.54. Following the transaction, the insider now directly owns 79,391 shares in the company, valued at approximately $7,988,322.42. The trade was a 7.53% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 13,571 shares of company stock valued at $1,410,397. 0.77% of the stock is currently owned by corporate insiders.

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.