Quantinno Capital Management LP Purchases 16,479 Shares of Northern Trust Co. (NASDAQ:NTRS)

Quantinno Capital Management LP increased its stake in shares of Northern Trust Co. (NASDAQ:NTRS) by 22.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 88,317 shares of the asset manager’s stock after buying an additional 16,479 shares during the period. Quantinno Capital Management LP’s holdings in Northern Trust were worth $9,053,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Juncture Wealth Strategies LLC increased its holdings in Northern Trust by 2.4% during the fourth quarter. Juncture Wealth Strategies LLC now owns 4,212 shares of the asset manager’s stock worth $432,000 after buying an additional 100 shares during the last quarter. Ballentine Partners LLC increased its holdings in Northern Trust by 4.4% during the fourth quarter. Ballentine Partners LLC now owns 2,483 shares of the asset manager’s stock worth $255,000 after buying an additional 105 shares during the last quarter. Ellevest Inc. increased its holdings in Northern Trust by 3.4% during the fourth quarter. Ellevest Inc. now owns 3,410 shares of the asset manager’s stock worth $350,000 after buying an additional 113 shares during the last quarter. Bradley Foster & Sargent Inc. CT increased its holdings in Northern Trust by 2.4% during the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 4,774 shares of the asset manager’s stock worth $489,000 after buying an additional 114 shares during the last quarter. Finally, Brooklyn Investment Group increased its holdings in Northern Trust by 51.2% during the fourth quarter. Brooklyn Investment Group now owns 378 shares of the asset manager’s stock worth $39,000 after buying an additional 128 shares during the last quarter. Hedge funds and other institutional investors own 83.19% of the company’s stock.

Northern Trust Trading Up 1.0%

Shares of NTRS opened at $107.47 on Friday. The stock has a market capitalization of $20.91 billion, a P/E ratio of 10.99, a PEG ratio of 1.72 and a beta of 1.18. The company has a quick ratio of 0.71, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. The firm has a fifty day simple moving average of $95.23 and a two-hundred day simple moving average of $103.01. Northern Trust Co. has a twelve month low of $79.68 and a twelve month high of $114.67.

Northern Trust (NASDAQ:NTRS) last announced its quarterly 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 business had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.95 billion. On average, research analysts anticipate that Northern Trust Co. will post 8.27 EPS for the current year.

Northern Trust Announces Dividend

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

Analyst Ratings Changes

A number of research firms recently issued reports on NTRS. Royal Bank of Canada decreased their price objective on shares of Northern Trust from $115.00 to $105.00 and set an “outperform” rating for the company in a report on Wednesday, April 23rd. The Goldman Sachs Group lifted their target price on shares of Northern Trust from $92.00 to $102.00 and gave the stock a “sell” rating in a research note on Friday, January 24th. Morgan Stanley reduced their price objective 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. Keefe, Bruyette & Woods boosted their price objective on shares of Northern Trust from $113.00 to $122.00 and gave the company a “market perform” rating in a research note on Friday, January 24th. Finally, Citigroup lowered their price objective on shares of Northern Trust from $110.00 to $105.00 and set a “neutral” rating on the stock in a research report on Monday, March 24th. One analyst has rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Northern Trust currently has a consensus rating of “Hold” and a consensus price target of $110.83.

Insider Transactions at Northern Trust

In related news, EVP Thomas A. South sold 3,804 shares of the stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $113.00, for a total transaction of $429,852.00. Following the sale, the executive vice president now directly owns 81,794 shares of the company’s stock, valued at approximately $9,242,722. This represents a 4.44% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Teresa Parker sold 6,467 shares of the company’s stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $100.62, for a total transaction of $650,709.54. Following the transaction, the insider now owns 79,391 shares in the company, valued at $7,988,322.42. This represents a 7.53% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 13,571 shares of company stock valued at $1,410,397 in the last three months. 0.77% of the stock is currently owned by company 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.