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GAMMA Investing LLC Grows Position in Northern Trust Co. (NASDAQ:NTRS)

Northern Trust logo with Finance background

GAMMA Investing LLC lifted its position in shares of Northern Trust Co. (NASDAQ:NTRS - Free Report) by 10,340.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 445,602 shares of the asset manager's stock after acquiring an additional 441,334 shares during the period. GAMMA Investing LLC owned approximately 0.23% of Northern Trust worth $43,959,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Y.D. More Investments Ltd grew its stake in shares of Northern Trust by 118.4% during the 4th quarter. Y.D. More Investments Ltd now owns 249 shares of the asset manager's stock valued at $26,000 after purchasing an additional 135 shares during the period. Colonial Trust Co SC grew its holdings in shares of Northern Trust by 6,400.0% in the fourth quarter. Colonial Trust Co SC now owns 260 shares of the asset manager's stock valued at $27,000 after purchasing an additional 256 shares in the last quarter. Assetmark Inc. raised its stake in Northern Trust by 528.3% during the fourth quarter. Assetmark Inc. now owns 377 shares of the asset manager's stock valued at $39,000 after purchasing an additional 317 shares in the last quarter. True Wealth Design LLC grew its stake in shares of Northern Trust by 84.0% in the 4th quarter. True Wealth Design LLC now owns 425 shares of the asset manager's stock worth $44,000 after buying an additional 194 shares in the last quarter. Finally, Coppell Advisory Solutions LLC purchased a new position in shares of Northern Trust in the 4th quarter worth approximately $44,000. Institutional investors own 83.19% of the company's stock.

Northern Trust Price Performance

Shares of NTRS stock traded up $1.44 on Friday, reaching $107.91. 1,197,874 shares of the company were exchanged, compared to its average volume of 1,294,221. The company has a market cap of $20.99 billion, a price-to-earnings ratio of 11.03, a P/E/G ratio of 1.72 and a beta of 1.22. The business has a 50-day moving average price of $97.77 and a 200 day moving average price of $103.26. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.71 and a current ratio of 0.68. Northern Trust Co. has a 1 year low of $79.68 and a 1 year high of $114.67.

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, topping analysts' consensus estimates of $1.85 by $0.05. The business had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.95 billion. Northern Trust had a net margin of 12.77% and a return on equity of 13.74%. Equities research analysts forecast that Northern Trust Co. will post 8.27 earnings per share for the current fiscal year.

Northern Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 6th will be issued a $0.75 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $3.00 annualized dividend and a dividend yield of 2.78%. Northern Trust's dividend payout ratio is presently 27.99%.

Insider Transactions at Northern Trust

In other Northern Trust news, EVP Clive Bellows sold 3,300 shares of the 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 of the company's stock, valued at approximately $2,872,163.20. This represents a 10.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Teresa Parker sold 6,467 shares of the stock in a transaction on Friday, May 9th. The shares were sold at an average price of $100.62, for a total value of $650,709.54. Following the completion of the transaction, the insider now directly owns 79,391 shares in the company, valued at $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 have sold 9,772 shares of company stock valued at $981,069. 0.77% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on NTRS. Wall Street Zen lowered shares of Northern Trust from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Truist Financial decreased their price objective 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. Royal Bank of Canada reduced their target price 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. Citigroup decreased their price objective on Northern Trust from $110.00 to $105.00 and set a "neutral" rating for the company in a report on Monday, March 24th. Finally, Bank of America lowered their target price on Northern Trust from $123.00 to $121.00 and set a "buy" rating on the stock in a research note on Wednesday, April 2nd. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, Northern Trust presently has an average rating of "Hold" and an average price target of $108.42.

Read Our Latest Report on NTRS

Northern Trust Profile

(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.

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Institutional Ownership by Quarter for Northern Trust (NASDAQ:NTRS)

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