111 Capital bought a new position in Northern Trust Co. (NASDAQ:NTRS - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The firm bought 4,910 shares of the asset manager's stock, valued at approximately $503,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Ellevest Inc. grew its stake in shares of Northern Trust by 3.4% in the fourth quarter. Ellevest Inc. now owns 3,410 shares of the asset manager's stock worth $350,000 after acquiring an additional 113 shares during the period. Bradley Foster & Sargent Inc. CT grew its stake in shares of Northern Trust by 2.4% in the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 4,774 shares of the asset manager's stock worth $489,000 after acquiring an additional 114 shares during the period. Y.D. More Investments Ltd grew its stake in shares of Northern Trust by 118.4% in the fourth quarter. Y.D. More Investments Ltd now owns 249 shares of the asset manager's stock worth $26,000 after acquiring an additional 135 shares during the period. Moors & Cabot Inc. grew its stake in shares of Northern Trust by 4.0% in the fourth quarter. Moors & Cabot Inc. now owns 3,560 shares of the asset manager's stock worth $365,000 after acquiring an additional 137 shares during the period. Finally, Steward Partners Investment Advisory LLC grew its stake in shares of Northern Trust by 29.8% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 597 shares of the asset manager's stock worth $61,000 after acquiring an additional 137 shares during the period. 83.19% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other news, insider Teresa Parker sold 6,467 shares of the 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 completion of the sale, the insider now owns 79,391 shares in the company, valued at approximately $7,988,322.42. This trade represents a 7.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Clive Bellows sold 3,300 shares of the company's stock in a transaction that occurred 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 sale, the executive vice president now directly owns 28,736 shares in the company, valued at approximately $2,872,163.20. This represents a 10.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.77% of the stock is currently owned by company insiders.
Northern Trust Stock Performance
Shares of Northern Trust stock traded up $0.46 during trading hours on Tuesday, hitting $106.77. 467,437 shares of the company were exchanged, compared to its average volume of 1,400,063. Northern Trust Co. has a 1 year low of $79.68 and a 1 year high of $114.67. 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 business has a 50-day moving average of $97.11 and a 200-day moving average of $103.23. The stock has a market capitalization of $20.77 billion, a price-to-earnings ratio of 10.92, a P/E/G ratio of 1.72 and a beta of 1.18.
Northern Trust (NASDAQ:NTRS - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The asset manager reported $1.90 EPS for the quarter, beating analysts' consensus estimates of $1.85 by $0.05. The business had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.95 billion. Northern Trust had a return on equity of 13.74% and a net margin of 12.77%. As a group, analysts expect that Northern Trust Co. will post 8.27 EPS for the current fiscal year.
Northern Trust Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Investors 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 2.81%. Northern Trust's dividend payout ratio (DPR) is presently 27.99%.
Analyst Upgrades and Downgrades
A number of analysts have recently commented on NTRS shares. Citigroup reduced their price target on shares of Northern Trust from $110.00 to $105.00 and set a "neutral" rating for the company in a research note on Monday, March 24th. Bank of America cut their target price on shares of Northern Trust from $123.00 to $121.00 and set a "buy" rating for the company in a research report on Wednesday, April 2nd. Wells Fargo & Company cut their target price on shares of Northern Trust from $118.00 to $111.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 23rd. Evercore ISI cut their target price on shares of Northern Trust from $104.00 to $100.00 and set an "in-line" rating for the company in a research report on Wednesday, April 23rd. Finally, Truist Financial cut their target price on shares of Northern Trust from $98.00 to $92.00 and set a "hold" rating for the company in a research report on Wednesday, April 23rd. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $108.42.
View Our Latest Analysis on NTRS
About Northern Trust
(
Free Report)
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.
Featured Stories
Before you consider Northern Trust, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Northern Trust wasn't on the list.
While Northern Trust currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Summer 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
