iSAM Funds UK Ltd Acquires New Shares in Northern Trust Co. (NASDAQ:NTRS)

iSAM Funds UK Ltd bought a new position in Northern Trust Co. (NASDAQ:NTRS - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 5,570 shares of the asset manager's stock, valued at approximately $571,000.

Several other large investors have also recently added to or reduced their stakes in NTRS. Juncture Wealth Strategies LLC boosted its position 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 boosted 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 purchasing an additional 105 shares during the period. Ellevest Inc. boosted its position in shares of Northern Trust by 3.4% in the 4th quarter. Ellevest Inc. now owns 3,410 shares of the asset manager's stock valued at $350,000 after purchasing an additional 113 shares during the period. Bradley Foster & Sargent Inc. CT boosted its position in shares of Northern Trust by 2.4% in 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 period. Finally, Brooklyn Investment Group boosted its position in shares of 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 purchasing an additional 128 shares during the period. 83.19% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

NTRS has been the subject of a number of research reports. Wells Fargo & Company decreased their price objective on 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. UBS Group raised their price objective on Northern Trust from $110.00 to $114.00 and gave the stock a "neutral" rating in a research report on Monday, January 27th. Bank of America decreased their price objective on Northern Trust from $123.00 to $121.00 and set a "buy" rating for the company in a research report on Wednesday, April 2nd. Truist Financial decreased their price objective on Northern Trust from $98.00 to $92.00 and set a "hold" rating for the company in a research report on Wednesday, April 23rd. Finally, Morgan Stanley decreased their price objective on Northern Trust from $136.00 to $132.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 2nd. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $110.83.

Northern Trust Stock Performance

Shares of NTRS stock traded down $0.62 during trading on Friday, reaching $105.78. The company had a trading volume of 1,159,565 shares, compared to its average volume of 1,284,909. The firm's 50 day simple moving average is $96.31 and its two-hundred day simple moving average is $103.23. 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 one year low of $79.68 and a one year high of $114.67. The company has a market capitalization of $20.58 billion, a PE ratio of 10.82, a PEG ratio of 1.72 and a beta of 1.18.

Northern Trust (NASDAQ:NTRS - Get Free Report) last released its earnings results on Tuesday, April 22nd. The asset manager reported $1.90 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.85 by $0.05. The firm 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%. Sell-side analysts forecast that Northern Trust Co. will post 8.27 earnings per share for the current year.

Northern Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 6th will be issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 2.84%. The ex-dividend date is Friday, June 6th. Northern Trust's payout ratio is presently 27.99%.

Insider Transactions at Northern Trust

In related news, insider Teresa Parker sold 6,467 shares of the company'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 completion of the sale, the insider now owns 79,391 shares in the company, valued at approximately $7,988,322.42. This represents a 7.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Clive Bellows sold 3,300 shares of the company's stock in a transaction dated 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 sale, the executive vice president now owns 28,736 shares of the company's stock, valued at $2,872,163.20. This represents a 10.30% decrease in their position. The disclosure for this sale can be found here. 0.77% of the stock is owned by insiders.

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.