Dynamic Advisor Solutions LLC Takes $822,000 Position in Northern Trust Corporation (NASDAQ:NTRS)

Dynamic Advisor Solutions LLC purchased a new stake in shares of Northern Trust Corporation (NASDAQ:NTRS - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,332 shares of the asset manager's stock, valued at approximately $822,000.

A number of other hedge funds also recently bought and sold shares of NTRS. Colonial Trust Co SC increased its holdings in shares of Northern Trust by 6,400.0% during the 4th quarter. Colonial Trust Co SC now owns 260 shares of the asset manager's stock worth $27,000 after purchasing an additional 256 shares during the period. Assetmark Inc. grew its position in Northern Trust by 528.3% during the fourth quarter. Assetmark Inc. now owns 377 shares of the asset manager's stock worth $39,000 after buying an additional 317 shares in the last quarter. Coppell Advisory Solutions LLC bought a new position in Northern Trust during the fourth quarter valued at about $44,000. True Wealth Design LLC raised its holdings in Northern Trust by 84.0% in the 4th quarter. True Wealth Design LLC now owns 425 shares of the asset manager's stock valued at $44,000 after acquiring an additional 194 shares in the last quarter. Finally, Proficio Capital Partners LLC bought a new stake in shares of Northern Trust in the 4th quarter worth approximately $51,000. 83.19% of the stock is currently owned by institutional investors.

Insider Activity at Northern Trust

In related news, EVP Clive Bellows sold 3,300 shares of Northern Trust stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $99.95, for a total value of $329,835.00. Following the sale, the executive vice president now owns 28,736 shares of the company's stock, valued at approximately $2,872,163.20. This trade represents a 10.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Teresa Parker sold 6,467 shares of the company's stock in a transaction that occurred on 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 of the company's stock, valued at approximately $7,988,322.42. This trade represents a 7.53% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 9,772 shares of company stock worth $981,069. 0.77% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on NTRS. Bank of America decreased their price target on shares of Northern Trust from $123.00 to $121.00 and set a "buy" rating on the stock in a research note on Wednesday, April 2nd. Wells Fargo & Company lowered their target price on shares of Northern Trust from $118.00 to $111.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 23rd. Morgan Stanley reiterated an "underweight" rating and issued a $103.00 target price (up previously from $101.00) on shares of Northern Trust in a research note on Tuesday, June 3rd. Wall Street Zen downgraded Northern Trust from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Finally, Evercore ISI decreased their target price on Northern Trust from $104.00 to $100.00 and set an "in-line" rating on the stock in a report on Wednesday, April 23rd. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $108.42.

Northern Trust Trading Up 1.2%

NASDAQ:NTRS traded up $1.35 on Wednesday, hitting $110.98. 2,392,133 shares of the stock were exchanged, compared to its average volume of 1,307,834. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.71 and a current ratio of 0.71. Northern Trust Corporation has a 52 week low of $80.81 and a 52 week high of $114.67. The stock has a market capitalization of $21.59 billion, a price-to-earnings ratio of 10.35, a P/E/G ratio of 2.09 and a beta of 1.22. The company's 50-day moving average price is $100.60 and its 200 day moving average price is $103.17.

Northern Trust (NASDAQ:NTRS - Get Free Report) last announced its quarterly earnings data 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 13.93% and a return on equity of 13.73%. The business had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.95 billion. On average, equities research analysts forecast that Northern Trust Corporation will post 8.27 earnings per share for the current year.

Northern Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 6th will be paid a dividend of $0.75 per share. The ex-dividend date is Friday, June 6th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.70%. Northern Trust's dividend payout ratio (DPR) is presently 27.99%.

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.