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.
Featured Story: 52-Week High/Low Prices For Stock Selection
Want to see what other hedge funds are holding NTRS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Northern Trust Co. (NASDAQ:NTRS).
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.