Northern Trust Corporation (NASDAQ:NTRS) Shares Acquired by Kathmere Capital Management LLC

Kathmere Capital Management LLC increased its holdings in shares of Northern Trust Corporation (NASDAQ:NTRS - Free Report) by 96.7% in the first quarter, according to its most recent filing with the SEC. The fund owned 5,239 shares of the asset manager's stock after acquiring an additional 2,575 shares during the period. Kathmere Capital Management LLC's holdings in Northern Trust were worth $517,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Colonial Trust Co SC lifted its stake 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 acquiring an additional 256 shares during the last quarter. Continuum Advisory LLC raised its position in Northern Trust by 5,340.0% during the 1st quarter. Continuum Advisory LLC now owns 272 shares of the asset manager's stock valued at $27,000 after purchasing an additional 267 shares in the last quarter. Wayfinding Financial LLC bought a new stake in Northern Trust during the 1st quarter valued at $35,000. Assetmark Inc. raised its position in Northern Trust by 528.3% during the 4th 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. Finally, Coppell Advisory Solutions LLC bought a new stake in Northern Trust during the 4th quarter valued at $44,000. 83.19% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

NTRS has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods lowered Northern Trust from a "market perform" rating to an "underperform" rating and lifted their target price for the company from $103.00 to $120.00 in a research report on Friday. Truist Financial lifted their price target on Northern Trust from $116.00 to $126.00 and gave the company a "hold" rating in a report on Thursday, July 3rd. Wells Fargo & Company cut their price target on Northern Trust from $118.00 to $111.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 23rd. Royal Bank Of Canada set a $123.00 price target on Northern Trust and gave the company an "outperform" rating in a report on Monday, June 30th. Finally, Evercore ISI lifted their price target on Northern Trust from $108.00 to $121.00 and gave the company an "in-line" rating in a report on Wednesday, July 2nd. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Northern Trust currently has an average rating of "Hold" and an average price target of $114.50.

Northern Trust Stock Down 0.6%

NTRS stock traded down $0.71 on Friday, hitting $125.91. 1,459,833 shares of the company's stock were exchanged, compared to its average volume of 1,446,778. Northern Trust Corporation has a 12-month low of $80.81 and a 12-month high of $133.00. The firm has a 50 day moving average price of $112.44 and a two-hundred day moving average price of $105.44. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.71 and a current ratio of 0.71. The stock has a market cap of $24.49 billion, a P/E ratio of 11.75, a price-to-earnings-growth ratio of 1.82 and a beta of 1.26.

Northern Trust (NASDAQ:NTRS - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The asset manager reported $1.90 earnings per share for the quarter, topping the consensus estimate of $1.85 by $0.05. Northern Trust had a return on equity of 13.73% and a net margin of 13.93%. The firm had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.95 billion. As a group, equities research analysts expect that Northern Trust Corporation will post 8.27 EPS for the current fiscal year.

Northern Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Friday, June 6th were given a dividend of $0.75 per share. The ex-dividend date was Friday, June 6th. This represents a $3.00 dividend on an annualized basis and a yield of 2.38%. Northern Trust's dividend payout ratio is currently 27.99%.

Insider Transactions at Northern Trust

In other Northern Trust news, EVP Clive Bellows sold 3,300 shares of Northern Trust stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $99.95, for a total transaction of $329,835.00. Following the completion of the sale, the executive vice president owned 28,736 shares of the company's stock, valued at approximately $2,872,163.20. The trade was a 10.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Teresa Parker sold 6,467 shares of Northern Trust 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 sale, the insider directly owned 79,391 shares of the company's stock, valued at approximately $7,988,322.42. This represents a 7.53% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 9,772 shares of company stock valued at $981,069. 0.77% of the stock is currently owned by insiders.

About Northern Trust

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.