HighPoint Advisor Group LLC grew its holdings in shares of Northern Trust Co. (NASDAQ:NTRS) by 54.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 10,048 shares of the asset manager’s stock after purchasing an additional 3,546 shares during the period. HighPoint Advisor Group LLC’s holdings in Northern Trust were worth $998,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Field & Main Bank purchased a new position in shares of Northern Trust during the fourth quarter valued at approximately $100,000. Truewealth LLC purchased a new position in shares of Northern Trust during the fourth quarter valued at approximately $110,000. Cerebellum GP LLC purchased a new position in shares of Northern Trust during the fourth quarter valued at approximately $132,000. Mission Wealth Management LP purchased a new position in shares of Northern Trust during the fourth quarter valued at approximately $200,000. Finally, Legacy Capital Partners Inc. purchased a new position in shares of Northern Trust during the fourth quarter valued at approximately $210,000. Hedge funds and other institutional investors own 79.74% of the company’s stock.
Several research firms have recently issued reports on NTRS. Sandler O’Neill reiterated a “hold” rating and set a $105.00 target price on shares of Northern Trust in a report on Wednesday, January 10th. Wells Fargo set a $105.00 target price on shares of Northern Trust and gave the company a “hold” rating in a report on Wednesday, December 20th. Royal Bank of Canada lifted their target price on shares of Northern Trust to $110.00 and gave the company an “outperform” rating in a report on Thursday, January 25th. BidaskClub lowered shares of Northern Trust from a “buy” rating to a “hold” rating in a report on Tuesday, January 23rd. Finally, Zacks Investment Research upgraded shares of Northern Trust from a “hold” rating to a “buy” rating and set a $110.00 price objective for the company in a report on Tuesday, December 19th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $104.81.
Northern Trust Co. (NTRS) opened at $106.72 on Tuesday. Northern Trust Co. has a 1-year low of $83.17 and a 1-year high of $110.81. The firm has a market cap of $24,184.62, a P/E ratio of 22.24, a P/E/G ratio of 1.41 and a beta of 0.95. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.71 and a quick ratio of 0.71.
Northern Trust (NASDAQ:NTRS) last announced its quarterly earnings data on Wednesday, January 24th. The asset manager reported $1.35 earnings per share for the quarter, topping analysts’ consensus estimates of $1.30 by $0.05. Northern Trust had a net margin of 20.98% and a return on equity of 12.77%. The company had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.41 billion. During the same period in the previous year, the business earned $1.11 EPS. The firm’s revenue for the quarter was up 15.6% on a year-over-year basis. analysts anticipate that Northern Trust Co. will post 6.1 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Sunday, April 1st. Shareholders of record on Friday, March 9th will be paid a dividend of $0.42 per share. The ex-dividend date is Thursday, March 8th. This represents a $1.68 dividend on an annualized basis and a yield of 1.57%. Northern Trust’s dividend payout ratio is presently 34.15%.
In other Northern Trust news, EVP Aileen B. Blake sold 3,000 shares of the business’s stock in a transaction on Friday, January 26th. The shares were sold at an average price of $105.32, for a total transaction of $315,960.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Vice Chairman Stephen N. Potter sold 10,000 shares of the business’s stock in a transaction on Friday, January 26th. The shares were sold at an average price of $106.14, for a total transaction of $1,061,400.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 189,457 shares of company stock valued at $20,188,250. Company insiders own 1.04% of the company’s stock.
ILLEGAL ACTIVITY WARNING: “HighPoint Advisor Group LLC Acquires 3,546 Shares of Northern Trust Co. (NTRS)” was published by The Lincolnian Online and is owned by of The Lincolnian Online. If you are viewing this piece on another website, it was copied illegally and republished in violation of United States and international trademark & copyright law. The original version of this piece can be accessed at https://www.thelincolnianonline.com/2018/03/20/highpoint-advisor-group-llc-acquires-3546-shares-of-northern-trust-co-ntrs.html.
Northern Trust Company Profile
Northern Trust Corporation is a financial holding company. The Company provides asset servicing, fund administration, asset management, fiduciary and banking solutions for corporations, institutions, families and individuals across the world. Its segments include Corporate & Institutional Services (C&IS), Wealth Management, and Treasury and Other.
Receive News & Ratings for Northern Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northern Trust and related companies with MarketBeat.com's FREE daily email newsletter.