Aquatic Capital Management LLC Takes Position in Northern Trust Co. (NASDAQ:NTRS)

Aquatic Capital Management LLC bought a new position in shares of Northern Trust Co. (NASDAQ:NTRS - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 47,530 shares of the asset manager's stock, valued at approximately $4,872,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of NTRS. Juncture Wealth Strategies LLC lifted its stake in shares of Northern Trust by 2.4% in the 4th quarter. Juncture Wealth Strategies LLC now owns 4,212 shares of the asset manager's stock valued at $432,000 after purchasing an additional 100 shares during the period. Ballentine Partners LLC grew its position in shares of Northern Trust by 4.4% in the 4th quarter. Ballentine Partners LLC now owns 2,483 shares of the asset manager's stock valued at $255,000 after acquiring an additional 105 shares during the period. Pallas Capital Advisors LLC raised its stake in Northern Trust by 1.8% in the fourth quarter. Pallas Capital Advisors LLC now owns 6,091 shares of the asset manager's stock valued at $624,000 after buying an additional 107 shares during the period. Bradley Foster & Sargent Inc. CT lifted its holdings in Northern Trust by 2.4% during the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 4,774 shares of the asset manager's stock valued at $489,000 after purchasing an additional 114 shares during the last quarter. Finally, Brooklyn Investment Group grew its stake in Northern Trust by 51.2% in the 4th quarter. Brooklyn Investment Group now owns 378 shares of the asset manager's stock valued at $39,000 after buying an additional 128 shares during the last quarter. Institutional investors and hedge funds own 83.19% of the company's stock.

Insider Activity at Northern Trust

In related news, EVP Thomas A. South sold 3,804 shares of the firm's stock in a transaction that occurred 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 trade represents a 4.44 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John Landers sold 900 shares of Northern Trust stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $111.44, for a total value of $100,296.00. Following the completion of the transaction, the insider now directly owns 7,640 shares in the company, valued at $851,401.60. This represents a 10.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,966 shares of company stock valued at $781,976 in the last ninety days. Corporate insiders own 0.77% of the company's stock.

Analysts Set New Price Targets

NTRS has been the subject of a number of recent research reports. Barclays upped their target price on Northern Trust from $115.00 to $118.00 and gave the stock an "equal weight" rating in a report on Monday, January 6th. Keefe, Bruyette & Woods upped their price objective on Northern Trust from $113.00 to $122.00 and gave the company a "market perform" rating in a research note on Friday, January 24th. Morgan Stanley decreased their price target on shares of Northern Trust from $136.00 to $132.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 2nd. Wells Fargo & Company reduced their price target on shares of Northern Trust from $118.00 to $111.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 23rd. Finally, Truist Financial dropped their target price on Northern Trust from $98.00 to $92.00 and set a "hold" rating for the company in a report on Wednesday, April 23rd. One research analyst has rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, Northern Trust has an average rating of "Hold" and a consensus price target of $110.83.

Northern Trust Stock Up 2.9 %

NTRS traded up $2.79 during trading hours on Friday, hitting $97.73. 474,099 shares of the company's stock were exchanged, compared to its average volume of 1,250,042. Northern Trust Co. has a 12-month low of $79.68 and a 12-month high of $114.67. The firm has a market cap of $19.12 billion, a P/E ratio of 9.98, a price-to-earnings-growth ratio of 1.72 and a beta of 1.10. The company has a current ratio of 0.68, a quick ratio of 0.71 and a debt-to-equity ratio of 0.58. The firm has a 50 day moving average of $96.24 and a 200 day moving average of $102.77.

Northern Trust (NASDAQ:NTRS - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The asset manager reported $1.90 EPS for the quarter, topping analysts' consensus estimates of $1.85 by $0.05. The business had revenue of $1.95 billion for the quarter, compared to analysts' expectations of $1.95 billion. Northern Trust had a return on equity of 13.74% and a net margin of 12.77%. Analysts predict that Northern Trust Co. will post 8.27 EPS for the current fiscal year.

Northern Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 6th will be given a dividend of $0.75 per share. The ex-dividend date is Friday, June 6th. This represents a $3.00 annualized dividend and a yield of 3.07%. Northern Trust's payout ratio is currently 27.99%.

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.