Stiles Financial Services Inc Purchases 3,686 Shares of Northern Trust Corporation (NASDAQ:NTRS)

Stiles Financial Services Inc boosted its stake in shares of Northern Trust Corporation (NASDAQ:NTRS - Free Report) by 27.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 17,235 shares of the asset manager's stock after buying an additional 3,686 shares during the period. Stiles Financial Services Inc's holdings in Northern Trust were worth $1,701,000 at the end of the most recent reporting period.

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

Insider Transactions at Northern Trust

In other Northern Trust news, EVP Clive Bellows sold 3,300 shares of the stock in a transaction 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 completion of the sale, the executive vice president now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Teresa Parker sold 6,467 shares of the firm's stock in a transaction on Friday, May 9th. The stock was sold at an average price of $100.62, for a total transaction of $650,709.54. Following the completion of the sale, the insider now owns 79,391 shares in the company, valued at $7,988,322.42. This represents a 7.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 9,772 shares of company stock worth $981,069. Insiders own 0.77% of the company's stock.

Northern Trust Stock Performance

NTRS stock traded down $0.83 during mid-day trading on Thursday, reaching $122.97. 2,084,265 shares of the stock traded hands, compared to its average volume of 1,402,940. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.57. The business has a 50-day moving average of $104.51 and a two-hundred day moving average of $103.60. The firm has a market capitalization of $23.92 billion, a PE ratio of 11.47, a P/E/G ratio of 1.87 and a beta of 1.22. Northern Trust Corporation has a 52 week low of $80.81 and a 52 week high of $125.02.

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, beating the consensus estimate of $1.85 by $0.05. The firm had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.95 billion. Northern Trust had a return on equity of 13.73% and a net margin of 13.93%. As a group, equities analysts predict that Northern Trust Corporation will post 8.27 EPS for the current fiscal year.

Northern Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 6th will be given a $0.75 dividend. The ex-dividend date is Friday, June 6th. This represents a $3.00 annualized dividend and a dividend yield of 2.44%. Northern Trust's dividend payout ratio is 27.99%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on NTRS shares. Citigroup lowered their price target on Northern Trust from $110.00 to $105.00 and set a "neutral" rating on the stock in a report on Monday, March 24th. 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. Royal Bank Of Canada dropped their target price on Northern Trust from $115.00 to $105.00 and set an "outperform" rating on the stock in a report on Wednesday, April 23rd. Evercore ISI reduced their price target on shares of Northern Trust from $104.00 to $100.00 and set an "in-line" rating for the company in a research report on Wednesday, April 23rd. Finally, Bank of America decreased their price target on shares of Northern Trust from $123.00 to $121.00 and set a "buy" rating for the company in a report on Wednesday, April 2nd. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Northern Trust has a consensus rating of "Hold" and an average target price of $108.42.

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.