Minot DeBlois Advisors LLC acquired a new position in shares of Northern Trust Co. (NASDAQ:NTRS - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,958 shares of the asset manager's stock, valued at approximately $1,636,000. Northern Trust accounts for 1.5% of Minot DeBlois Advisors LLC's investment portfolio, making the stock its 15th biggest holding.
Several other institutional investors and hedge funds have also bought and sold shares of the company. Juncture Wealth Strategies LLC boosted its stake in shares of Northern Trust by 2.4% in the 4th quarter. Juncture Wealth Strategies LLC now owns 4,212 shares of the asset manager's stock valued at $432,000 after purchasing an additional 100 shares in the last quarter. Ballentine Partners LLC boosted its stake in shares of Northern Trust by 4.4% in the 4th quarter. Ballentine Partners LLC now owns 2,483 shares of the asset manager's stock valued at $255,000 after purchasing an additional 105 shares in the last quarter. Pallas Capital Advisors LLC boosted its stake in shares of Northern Trust by 1.8% in the 4th quarter. Pallas Capital Advisors LLC now owns 6,091 shares of the asset manager's stock valued at $624,000 after purchasing an additional 107 shares in the last quarter. Ellevest Inc. boosted its stake in shares of Northern Trust by 3.4% in the 4th quarter. Ellevest Inc. now owns 3,410 shares of the asset manager's stock valued at $350,000 after purchasing an additional 113 shares in the last quarter. Finally, Bradley Foster & Sargent Inc. CT boosted its stake in shares of Northern Trust by 2.4% in the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 4,774 shares of the asset manager's stock valued at $489,000 after purchasing an additional 114 shares in the last quarter. Institutional investors own 83.19% of the company's stock.
Insider Buying and Selling at Northern Trust
In other Northern Trust news, EVP Thomas A. South sold 3,804 shares of the stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $113.00, for a total transaction of $429,852.00. Following the transaction, the executive vice president now directly owns 81,794 shares in the company, valued at $9,242,722. This trade represents a 4.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Teresa Parker sold 6,467 shares of the firm's stock in a transaction that occurred 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 transaction, the insider now owns 79,391 shares in the company, valued at $7,988,322.42. This represents a 7.53% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 13,571 shares of company stock worth $1,410,397 over the last ninety days. Insiders own 0.77% of the company's stock.
Northern Trust Stock Performance
NASDAQ NTRS traded up $0.43 during trading on Friday, hitting $107.90. 1,429,726 shares of the company's stock traded hands, compared to its average volume of 1,275,612. The stock has a market capitalization of $20.99 billion, a price-to-earnings ratio of 11.03, a PEG ratio of 1.72 and a beta of 1.18. Northern Trust Co. has a 12-month low of $79.68 and a 12-month high of $114.67. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.71 and a current ratio of 0.68. The business has a 50 day moving average of $95.23 and a 200-day moving average of $103.01.
Northern Trust (NASDAQ:NTRS - Get Free Report) last announced its quarterly 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. Northern Trust had a net margin of 12.77% and a return on equity of 13.74%. 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 anticipate that Northern Trust Co. will post 8.27 earnings per share for the current fiscal year.
Northern Trust Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 6th will be paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date of this dividend is Friday, June 6th. Northern Trust's dividend payout ratio is currently 27.99%.
Wall Street Analysts Forecast Growth
Several research firms recently commented on NTRS. Keefe, Bruyette & Woods lifted their target price on shares of Northern Trust from $113.00 to $122.00 and gave the stock a "market perform" rating in a research report on Friday, January 24th. Truist Financial cut their target price on shares of Northern Trust from $98.00 to $92.00 and set a "hold" rating on the stock in a research report on Wednesday, April 23rd. Wells Fargo & Company cut their target price 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. UBS Group lifted their target price on shares of Northern Trust from $110.00 to $114.00 and gave the stock a "neutral" rating in a research report on Monday, January 27th. Finally, Royal Bank of Canada cut their target price on shares of Northern Trust from $115.00 to $105.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 23rd. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $110.83.
View Our Latest Stock Report on Northern Trust
About Northern Trust
(
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.
Recommended Stories
Before you consider Northern Trust, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Northern Trust wasn't on the list.
While Northern Trust currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
