Levin Capital Strategies L.P. Has $13.71 Million Stock Holdings in Northern Trust Co. (NASDAQ:NTRS)

Levin Capital Strategies L.P. boosted its stake in Northern Trust Co. (NASDAQ:NTRS) by 0.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 133,724 shares of the asset manager’s stock after purchasing an additional 974 shares during the quarter. Northern Trust comprises about 1.3% of Levin Capital Strategies L.P.’s holdings, making the stock its 27th biggest position. Levin Capital Strategies L.P. owned 0.07% of Northern Trust worth $13,707,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in NTRS. Y.D. More Investments Ltd boosted its holdings in Northern Trust by 118.4% during the fourth quarter. Y.D. More Investments Ltd now owns 249 shares of the asset manager’s stock worth $26,000 after purchasing an additional 135 shares during the last quarter. Empirical Asset Management LLC bought a new stake in shares of Northern Trust in the fourth quarter valued at approximately $33,000. Brooklyn Investment Group raised its position in shares of 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 period. Capital Performance Advisors LLP bought a new stake in shares of Northern Trust in the third quarter valued at approximately $48,000. Finally, Proficio Capital Partners LLC bought a new stake in Northern Trust during the 4th quarter worth approximately $51,000. 83.19% of the stock is owned by institutional investors.

Northern Trust Stock Up 1.0 %

NASDAQ:NTRS opened at $110.22 on Friday. The firm has a market cap of $21.57 billion, a PE ratio of 11.27, a price-to-earnings-growth ratio of 1.72 and a beta of 1.08. 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 company has a 50-day moving average of $108.02 and a 200 day moving average of $101.13. Northern Trust Co. has a 1-year low of $79.30 and a 1-year high of $114.67.

Northern Trust (NASDAQ:NTRS) last posted its quarterly earnings data on Thursday, January 23rd. The asset manager reported $2.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.96 by $0.30. Northern Trust had a net margin of 12.77% and a return on equity of 13.74%. As a group, research analysts anticipate that Northern Trust Co. will post 8.27 EPS for the current fiscal year.

Northern Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be given a $0.75 dividend. The ex-dividend date is Friday, March 14th. This represents a $3.00 annualized dividend and a yield of 2.72%. Northern Trust’s dividend payout ratio is presently 30.67%.

Analyst Ratings Changes

A number of research firms recently weighed in on NTRS. UBS Group upped their target price on shares of Northern Trust from $110.00 to $114.00 and gave the stock a “neutral” rating in a report on Monday, January 27th. Morgan Stanley cut their price objective on shares of Northern Trust from $127.00 to $125.00 and set an “equal weight” rating for the company in a research note on Friday, January 3rd. StockNews.com cut shares of Northern Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. The Goldman Sachs Group increased their price target on shares of Northern Trust from $92.00 to $102.00 and gave the company a “sell” rating in a research report on Friday, January 24th. Finally, Royal Bank of Canada upped their price objective on shares of Northern Trust from $107.00 to $115.00 and gave the stock an “outperform” rating in a report on Friday, January 24th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Northern Trust currently has a consensus rating of “Hold” and an average target price of $112.58.

Insiders Place Their Bets

In other news, COO Peter Cherecwich sold 26,132 shares of the stock in a transaction that occurred on Wednesday, January 29th. The stock was sold at an average price of $112.36, for a total transaction of $2,936,191.52. Following the transaction, the chief operating officer now owns 26,586 shares in the company, valued at $2,987,202.96. This trade represents a 49.57 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Jane Karpinski sold 2,262 shares of the 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 directly owns 17,236 shares of the company’s stock, valued at approximately $1,918,883.88. This represents a 11.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 35,335 shares of company stock worth $3,970,211. Corporate insiders own 0.64% of the company’s stock.

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, 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.