Northern Trust Co. (NASDAQ:NTRS) Shares Bought by AQR Capital Management LLC

AQR Capital Management LLC lifted its holdings in shares of Northern Trust Co. (NASDAQ:NTRS - Free Report) by 30.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 753,556 shares of the asset manager's stock after acquiring an additional 177,881 shares during the period. AQR Capital Management LLC owned 0.38% of Northern Trust worth $77,240,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Y.D. More Investments Ltd lifted its position in Northern Trust by 118.4% during the 4th quarter. Y.D. More Investments Ltd now owns 249 shares of the asset manager's stock worth $26,000 after acquiring an additional 135 shares during the period. Assetmark Inc. lifted its holdings in shares of Northern Trust by 528.3% during the fourth quarter. Assetmark Inc. now owns 377 shares of the asset manager's stock worth $39,000 after purchasing an additional 317 shares during the period. Brooklyn Investment Group grew its position in Northern Trust by 51.2% in the 4th quarter. Brooklyn Investment Group now owns 378 shares of the asset manager's stock valued at $39,000 after buying an additional 128 shares during the last quarter. Coppell Advisory Solutions LLC acquired a new position in Northern Trust in the 4th quarter valued at $44,000. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of Northern Trust by 83.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 494 shares of the asset manager's stock worth $51,000 after acquiring an additional 224 shares during the period. 83.19% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Northern Trust news, EVP Thomas A. South sold 3,804 shares of Northern Trust stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $113.00, for a total value of $429,852.00. Following the completion of the sale, the executive vice president now directly owns 81,794 shares of the company's stock, valued at approximately $9,242,722. The trade was a 4.44 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Jane Karpinski sold 2,262 shares of the business's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $111.33, for a total value of $251,828.46. Following the completion of the transaction, the executive vice president now owns 17,236 shares of the company's stock, valued at $1,918,883.88. This trade represents a 11.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 6,966 shares of company stock valued at $781,976 in the last ninety days. Insiders own 0.77% of the company's stock.

Northern Trust Price Performance

Shares of NASDAQ NTRS traded up $2.58 on Friday, hitting $97.52. The company's stock had a trading volume of 1,332,242 shares, compared to its average volume of 1,256,384. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.71. The stock has a 50 day moving average of $95.98 and a 200-day moving average of $102.84. Northern Trust Co. has a 12-month low of $79.68 and a 12-month high of $114.67. The company has a market capitalization of $19.08 billion, a price-to-earnings ratio of 9.97, a price-to-earnings-growth ratio of 1.72 and a beta of 1.10.

Northern Trust (NASDAQ:NTRS - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The asset manager reported $1.90 EPS for the quarter, beating analysts' consensus estimates of $1.85 by $0.05. Northern Trust had a return on equity of 13.74% and a net margin of 12.77%. The firm had revenue of $1.95 billion for the quarter, compared to analysts' expectations of $1.95 billion. As a group, research analysts predict that Northern Trust Co. will post 8.27 EPS for the current year.

Northern Trust Announces Dividend

The company 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 annualized dividend and a yield of 3.08%. The ex-dividend date is Friday, June 6th. Northern Trust's payout ratio is 27.99%.

Analyst Ratings Changes

Several research firms recently issued reports on NTRS. Royal Bank of Canada cut their price target on shares of Northern Trust from $115.00 to $105.00 and set an "outperform" rating for the company in a report on Wednesday, April 23rd. The Goldman Sachs Group increased their target price on Northern Trust from $92.00 to $102.00 and gave the stock a "sell" rating in a research note on Friday, January 24th. UBS Group lifted their price target on Northern Trust from $110.00 to $114.00 and gave the company a "neutral" rating in a research note on Monday, January 27th. Keefe, Bruyette & Woods upped their price objective on Northern Trust from $113.00 to $122.00 and gave the stock a "market perform" rating in a report on Friday, January 24th. Finally, Evercore ISI reduced their target price on Northern Trust from $104.00 to $100.00 and set an "in-line" rating for the company in a report on Wednesday, April 23rd. One investment 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, the stock has a consensus rating of "Hold" and a consensus price target of $110.83.

Northern Trust 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.