Global Frontier Investments LLC Makes New $3.08 Million Investment in Northern Trust Co. (NASDAQ:NTRS)

Global Frontier Investments LLC purchased a new position in Northern Trust Co. (NASDAQ:NTRS - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 30,000 shares of the asset manager's stock, valued at approximately $3,075,000. Northern Trust accounts for about 0.8% of Global Frontier Investments LLC's investment portfolio, making the stock its 15th biggest position.

A number of other large investors have also recently made changes to their positions in NTRS. Aquatic Capital Management LLC purchased a new position in shares of Northern Trust in the fourth quarter worth $4,872,000. Johnson Financial Group Inc. bought a new stake in Northern Trust during the fourth quarter worth about $450,000. Virtus ETF Advisers LLC grew its stake in shares of Northern Trust by 14.1% in the 4th quarter. Virtus ETF Advisers LLC now owns 11,294 shares of the asset manager's stock worth $1,158,000 after buying an additional 1,394 shares during the last quarter. Nebula Research & Development LLC purchased a new stake in shares of Northern Trust in the fourth quarter worth $558,000. Finally, Integrated Wealth Concepts LLC bought a new stake in Northern Trust during the 4th quarter valued at about $230,000. 83.19% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, insider John Landers sold 900 shares of the firm's stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $111.44, for a total value of $100,296.00. Following the completion of the transaction, the insider now owns 7,640 shares in the company, valued at $851,401.60. This trade represents a 10.54 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Jane Karpinski sold 2,262 shares of Northern Trust stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $111.33, for a total value of $251,828.46. Following the sale, the executive vice president now directly owns 17,236 shares of the company's stock, valued at $1,918,883.88. This trade represents a 11.60 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,966 shares of company stock worth $781,976 in the last 90 days. 0.77% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on NTRS shares. Wells Fargo & Company decreased their price target on Northern Trust from $118.00 to $111.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 23rd. Truist Financial cut their price target on Northern Trust from $98.00 to $92.00 and set a "hold" rating for the company in a research note on Wednesday, April 23rd. StockNews.com lowered shares of Northern Trust from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. Morgan Stanley decreased their target price on Northern Trust from $136.00 to $132.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 2nd. Finally, UBS Group increased their price objective on shares of Northern Trust from $110.00 to $114.00 and gave the company a "neutral" rating in a research report on Monday, January 27th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $110.83.

Northern Trust Trading Up 2.7 %

Shares of NASDAQ:NTRS traded up $2.58 during trading on Friday, reaching $97.52. 1,332,242 shares of the company were exchanged, compared to its average volume of 1,253,309. Northern Trust Co. has a 12-month low of $79.68 and a 12-month high of $114.67. The firm has a market capitalization of $19.08 billion, a PE ratio of 9.97, a P/E/G ratio of 1.72 and a beta of 1.10. The business's fifty day simple moving average is $96.24 and its 200-day simple moving average is $102.77. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.71.

Northern Trust (NASDAQ:NTRS - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The asset manager reported $1.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.85 by $0.05. The company had revenue of $1.95 billion for the quarter, compared to analysts' expectations of $1.95 billion. Northern Trust had a net margin of 12.77% and a return on equity of 13.74%. On average, research analysts anticipate that Northern Trust Co. will post 8.27 EPS for the current year.

Northern Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 6th will be paid a $0.75 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $3.00 annualized dividend and a yield of 3.08%. 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.