Kintegral Advisory LLC Sells 3,588 Shares of Northern Trust Corporation (NASDAQ:NTRS)

Kintegral Advisory LLC lowered its position in shares of Northern Trust Corporation (NASDAQ:NTRS - Free Report) by 32.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,318 shares of the asset manager's stock after selling 3,588 shares during the quarter. Kintegral Advisory LLC's holdings in Northern Trust were worth $727,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of NTRS. Norges Bank bought a new stake in Northern Trust during the fourth quarter valued at $83,550,000. Royal Bank of Canada boosted its position in shares of Northern Trust by 60.2% during the 4th quarter. Royal Bank of Canada now owns 1,497,484 shares of the asset manager's stock worth $153,493,000 after purchasing an additional 562,976 shares in the last quarter. Cerity Partners LLC boosted its position in shares of Northern Trust by 451.9% during the 4th quarter. Cerity Partners LLC now owns 555,631 shares of the asset manager's stock worth $56,866,000 after purchasing an additional 454,956 shares in the last quarter. Raiffeisen Bank International AG bought a new position in shares of Northern Trust during the 4th quarter worth about $46,197,000. Finally, GAMMA Investing LLC boosted its position in shares of Northern Trust by 10,340.5% during the 1st quarter. GAMMA Investing LLC now owns 445,602 shares of the asset manager's stock worth $43,959,000 after purchasing an additional 441,334 shares in the last quarter. Institutional investors own 83.19% of the company's stock.

Northern Trust Trading Down 0.3%

NASDAQ:NTRS opened at $131.71 on Friday. 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 firm has a market cap of $25.62 billion, a price-to-earnings ratio of 12.29, a price-to-earnings-growth ratio of 1.97 and a beta of 1.26. Northern Trust Corporation has a 52 week low of $80.81 and a 52 week high of $133.00. The firm has a 50-day moving average price of $109.22 and a two-hundred day moving average price of $104.57.

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 the consensus estimate of $1.85 by $0.05. The firm had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.95 billion. Northern Trust had a net margin of 13.93% and a return on equity of 13.73%. On average, equities analysts expect that Northern Trust Corporation will post 8.27 earnings per share for the current fiscal year.

Northern Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Friday, June 6th were paid a $0.75 dividend. The ex-dividend date was Friday, June 6th. This represents a $3.00 annualized dividend and a yield of 2.28%. Northern Trust's dividend payout ratio (DPR) is 27.99%.

Insider Activity

In other news, insider Teresa Parker sold 6,467 shares of the firm's stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $100.62, for a total transaction of $650,709.54. Following the completion of the sale, the insider owned 79,391 shares in the company, valued at $7,988,322.42. This trade represents a 7.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Clive Bellows sold 3,300 shares of the firm's stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $99.95, for a total transaction of $329,835.00. Following 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 disclosure for this sale can be found here. In the last quarter, insiders sold 9,772 shares of company stock valued at $981,069. Company insiders own 0.77% of the company's stock.

Wall Street Analysts Forecast Growth

NTRS has been the topic of a number of research analyst reports. Evercore ISI increased their price objective on shares of Northern Trust from $108.00 to $121.00 and gave the stock an "in-line" rating in a research report on Wednesday. Morgan Stanley increased their price objective on shares of Northern Trust from $103.00 to $106.00 and gave the stock an "underweight" rating in a research report on Tuesday. Royal Bank Of Canada set a $123.00 price objective on shares of Northern Trust and gave the stock an "outperform" rating in a research report on Monday. Wells Fargo & Company cut their price objective on shares of Northern Trust from $118.00 to $111.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 23rd. Finally, The Goldman Sachs Group raised their price target on shares of Northern Trust from $89.00 to $101.00 and gave the company a "sell" rating in a research report on Wednesday. Two research 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. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $114.67.

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.

Want to see what other hedge funds are holding NTRS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Northern Trust Corporation (NASDAQ:NTRS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.