13,448 Shares in Northern Trust Co. (NASDAQ:NTRS) Purchased by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC purchased a new stake in shares of 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 (SEC). The fund purchased 13,448 shares of the asset manager's stock, valued at approximately $1,135,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. First Trust Direct Indexing L.P. boosted its position in Northern Trust by 7.9% during the 4th quarter. First Trust Direct Indexing L.P. now owns 4,075 shares of the asset manager's stock worth $344,000 after acquiring an additional 298 shares during the period. New York Life Investment Management LLC raised its holdings in shares of Northern Trust by 0.6% in the 4th quarter. New York Life Investment Management LLC now owns 32,370 shares of the asset manager's stock worth $2,731,000 after purchasing an additional 185 shares in the last quarter. Mission Wealth Management LP lifted its stake in Northern Trust by 5.9% during the fourth quarter. Mission Wealth Management LP now owns 12,645 shares of the asset manager's stock valued at $1,067,000 after purchasing an additional 702 shares during the last quarter. Van ECK Associates Corp boosted its holdings in Northern Trust by 6.5% during the fourth quarter. Van ECK Associates Corp now owns 78,080 shares of the asset manager's stock worth $6,588,000 after buying an additional 4,794 shares in the last quarter. Finally, Choreo LLC acquired a new stake in shares of Northern Trust during the 4th quarter valued at $201,000. 83.19% of the stock is currently owned by institutional investors and hedge funds.

Northern Trust Stock Performance

NTRS traded up $1.16 during midday trading on Thursday, reaching $86.78. The company's stock had a trading volume of 777,807 shares, compared to its average volume of 1,458,487. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.61. The company has a fifty day simple moving average of $84.21 and a 200 day simple moving average of $80.54. The stock has a market cap of $17.75 billion, a P/E ratio of 19.16, a PEG ratio of 1.21 and a beta of 1.13. Northern Trust Co. has a twelve month low of $62.44 and a twelve month high of $89.25.

Northern Trust (NASDAQ:NTRS - Get Free Report) last issued its quarterly earnings results on Tuesday, April 16th. The asset manager reported $1.70 earnings per share for the quarter, beating analysts' consensus estimates of $1.47 by $0.23. Northern Trust had a net margin of 7.59% and a return on equity of 12.57%. The firm had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.79 billion. Research analysts expect that Northern Trust Co. will post 6.86 earnings per share for the current year.

Northern Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 7th will be issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 3.46%. The ex-dividend date of this dividend is Friday, June 7th. Northern Trust's payout ratio is presently 66.23%.

Insider Activity

In other news, insider Steven L. Fradkin sold 30,392 shares of the stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $80.11, for a total value of $2,434,703.12. Following the completion of the transaction, the insider now owns 55,707 shares in the company, valued at approximately $4,462,687.77. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, insider Steven L. Fradkin sold 30,392 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $80.11, for a total value of $2,434,703.12. Following the completion of the transaction, the insider now directly owns 55,707 shares of the company's stock, valued at approximately $4,462,687.77. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Steven L. Fradkin sold 4,097 shares of the business's stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $82.56, for a total value of $338,248.32. Following the completion of the sale, the insider now directly owns 46,078 shares in the company, valued at approximately $3,804,199.68. The disclosure for this sale can be found here. 0.64% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on NTRS shares. Bank of America upped their target price on Northern Trust from $93.00 to $101.00 and gave the company a "buy" rating in a report on Wednesday, April 17th. Morgan Stanley restated an "underweight" rating and issued a $86.00 target price (up previously from $82.00) on shares of Northern Trust in a report on Tuesday, January 30th. Royal Bank of Canada lifted their target price on Northern Trust from $82.00 to $86.00 and gave the company an "outperform" rating in a research note on Friday, January 19th. Evercore ISI upped their price target on shares of Northern Trust from $86.00 to $87.00 and gave the stock an "in-line" rating in a research note on Thursday, April 4th. Finally, Jefferies Financial Group raised their price objective on shares of Northern Trust from $101.00 to $103.00 and gave the company a "buy" rating in a research report on Thursday, April 18th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $84.92.

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.