Dimensional Fund Advisors LP grew its position in shares of Northern Trust Co. (NASDAQ:NTRS - Free Report) by 2.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,201,309 shares of the asset manager's stock after acquiring an additional 62,605 shares during the quarter. Dimensional Fund Advisors LP owned 1.11% of Northern Trust worth $225,641,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also recently made changes to their positions in the company. Juncture Wealth Strategies LLC grew its position in Northern Trust by 2.4% during the fourth quarter. Juncture Wealth Strategies LLC now owns 4,212 shares of the asset manager's stock valued at $432,000 after buying an additional 100 shares during the period. Ballentine Partners LLC grew its position in shares of Northern Trust by 4.4% during the 4th quarter. Ballentine Partners LLC now owns 2,483 shares of the asset manager's stock valued at $255,000 after acquiring an additional 105 shares during the period. Pallas Capital Advisors LLC increased its stake in shares of Northern Trust by 1.8% during the 4th quarter. Pallas Capital Advisors LLC now owns 6,091 shares of the asset manager's stock worth $624,000 after purchasing an additional 107 shares during the last quarter. Bradley Foster & Sargent Inc. CT raised its holdings 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 worth $489,000 after purchasing an additional 114 shares during the period. Finally, Brooklyn Investment Group lifted its stake in Northern Trust by 51.2% in the fourth quarter. Brooklyn Investment Group now owns 378 shares of the asset manager's stock valued at $39,000 after purchasing an additional 128 shares during the last quarter. Institutional investors own 83.19% of the company's stock.
Northern Trust Trading Up 0.5 %
NASDAQ NTRS traded up $0.50 during trading on Monday, hitting $92.09. 172,966 shares of the company's stock traded hands, compared to its average volume of 1,247,463. The stock has a fifty day moving average of $97.80 and a two-hundred day moving average of $102.89. Northern Trust Co. has a 12-month low of $79.68 and a 12-month high of $114.67. The firm has a market cap of $18.02 billion, a P/E ratio of 9.41, a PEG ratio of 1.72 and a beta of 1.10. 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 for the quarter, beating the consensus estimate of $1.85 by $0.05. The company had revenue of $1.95 billion during the quarter, compared to analysts' expectations of $1.95 billion. Northern Trust had a return on equity of 13.74% and a net margin of 12.77%. As a group, sell-side analysts expect that Northern Trust Co. will post 8.27 EPS for the current year.
Northern Trust Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 6th will be issued a dividend of $0.75 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $3.00 dividend on an annualized basis and a yield of 3.26%. Northern Trust's dividend payout ratio is currently 27.99%.
Insider Buying and Selling at Northern Trust
In other news, COO Peter Cherecwich sold 26,132 shares of Northern Trust stock in a transaction that occurred on Wednesday, January 29th. The stock was sold at an average price of $112.36, for a total value of $2,936,191.52. Following the sale, the chief operating officer now directly owns 26,586 shares in the company, valued at approximately $2,987,202.96. This trade represents a 49.57 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Jane Karpinski sold 2,262 shares of the company's stock in a transaction that occurred 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 transaction, the executive vice president now owns 17,236 shares of the company's stock, valued at approximately $1,918,883.88. This represents a 11.60 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 35,335 shares of company stock valued at $3,970,211 in the last quarter. Company insiders own 0.77% of the company's stock.
Wall Street Analyst Weigh In
Several analysts have issued reports on NTRS shares. Citigroup lowered their target price on Northern Trust from $110.00 to $105.00 and set a "neutral" rating on the stock in a research note on Monday, March 24th. Morgan Stanley lowered their price objective on Northern Trust from $136.00 to $132.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 2nd. Barclays increased their target price on shares of Northern Trust from $115.00 to $118.00 and gave the stock an "equal weight" rating in a research report on Monday, January 6th. UBS Group upped their price target on shares of Northern Trust from $110.00 to $114.00 and gave the company a "neutral" rating in a research note on Monday, January 27th. Finally, Evercore ISI reduced their price objective on shares of Northern Trust from $104.00 to $100.00 and set an "in-line" rating for the company in a research note on Wednesday, April 23rd. 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 stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $110.83.
Read Our Latest Stock Report on Northern Trust
Northern Trust Company Profile
(
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.
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