CNB Bank Takes $37,000 Position in Northern Trust Co. (NASDAQ:NTRS)

CNB Bank acquired a new stake in Northern Trust Co. (NASDAQ:NTRS) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 345 shares of the asset manager’s stock, valued at approximately $37,000.

Several other institutional investors and hedge funds have also bought and sold shares of NTRS. Welch Group LLC bought a new position in shares of Northern Trust during the fourth quarter valued at $141,000. Strs Ohio lifted its holdings in shares of Northern Trust by 76.4% during the fourth quarter. Strs Ohio now owns 10,442 shares of the asset manager’s stock valued at $1,109,000 after acquiring an additional 4,521 shares during the period. Advisor Partners LLC lifted its holdings in shares of Northern Trust by 15.3% during the fourth quarter. Advisor Partners LLC now owns 7,253 shares of the asset manager’s stock valued at $776,000 after acquiring an additional 964 shares during the period. Country Club Trust Company n.a. bought a new position in shares of Northern Trust during the fourth quarter valued at $402,000. Finally, Campbell & CO Investment Adviser LLC bought a new position in shares of Northern Trust during the fourth quarter valued at $557,000. 81.82% of the stock is owned by institutional investors.

In other news, EVP Teresa Parker sold 16,790 shares of the firm’s stock in a transaction on Friday, January 24th. The stock was sold at an average price of $102.78, for a total value of $1,725,676.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Robert P. Browne sold 11,534 shares of the firm’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $107.85, for a total value of $1,243,941.90. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 55,578 shares of company stock valued at $5,911,613. 1.15% of the stock is currently owned by corporate insiders.

A number of research analysts have issued reports on NTRS shares. Deutsche Bank cut their price objective on Northern Trust from $112.00 to $102.00 and set a “hold” rating for the company in a report on Thursday, January 23rd. Bank of America lifted their price objective on Northern Trust from $95.00 to $105.00 and gave the company a “neutral” rating in a report on Thursday, October 24th. UBS Group lifted their price objective on Northern Trust from $103.00 to $110.00 and gave the company a “neutral” rating in a report on Tuesday, December 17th. Evercore ISI reissued a “hold” rating and set a $113.00 price objective on shares of Northern Trust in a report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. cut their price objective on Northern Trust from $101.50 to $98.00 and set a “neutral” rating for the company in a report on Thursday, October 10th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $106.82.

Shares of NASDAQ:NTRS opened at $98.46 on Tuesday. Northern Trust Co. has a twelve month low of $83.95 and a twelve month high of $110.48. The firm has a market cap of $21.53 billion, a PE ratio of 14.87, a price-to-earnings-growth ratio of 1.45 and a beta of 1.22. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.61 and a current ratio of 0.65. The business has a fifty day moving average of $106.78 and a 200-day moving average of $98.61.

Northern Trust (NASDAQ:NTRS) last announced its earnings results on Wednesday, January 22nd. The asset manager reported $1.70 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.77 by ($0.07). Northern Trust had a net margin of 21.64% and a return on equity of 15.15%. The business had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.55 billion. During the same quarter last year, the business posted $1.80 earnings per share. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. On average, analysts anticipate that Northern Trust Co. will post 7.21 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Friday, March 13th will be paid a $0.70 dividend. The ex-dividend date of this dividend is Thursday, March 12th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.84%. Northern Trust’s dividend payout ratio (DPR) is presently 42.23%.

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, Corporate & Institutional Services (C&IS) and Wealth Management.

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Institutional Ownership by Quarter for Northern Trust (NASDAQ:NTRS)

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