Inceptionr LLC Has $1.85 Million Position in Northern Trust Co. (NASDAQ:NTRS)

Inceptionr LLC grew its stake in Northern Trust Co. (NASDAQ:NTRS) by 107.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,079 shares of the asset manager’s stock after purchasing an additional 9,362 shares during the quarter. Inceptionr LLC’s holdings in Northern Trust were worth $1,853,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Raymond James Financial Inc. bought a new position in shares of Northern Trust in the fourth quarter valued at about $7,456,000. Cullen Frost Bankers Inc. raised its position in shares of Northern Trust by 473.0% in the fourth quarter. Cullen Frost Bankers Inc. now owns 848 shares of the asset manager’s stock valued at $87,000 after purchasing an additional 700 shares during the period. Verdence Capital Advisors LLC bought a new position in shares of Northern Trust in the fourth quarter valued at about $466,000. Proficio Capital Partners LLC bought a new position in shares of Northern Trust in the fourth quarter valued at about $51,000. Finally, Atria Investments Inc raised its position in shares of Northern Trust by 9.5% in the fourth quarter. Atria Investments Inc now owns 3,385 shares of the asset manager’s stock valued at $347,000 after purchasing an additional 293 shares during the period. 83.19% of the stock is owned by institutional investors.

Northern Trust Price Performance

NTRS stock opened at $105.37 on Thursday. The company has a quick ratio of 0.71, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. Northern Trust Co. has a 12 month low of $79.30 and a 12 month high of $114.67. The firm has a market cap of $20.62 billion, a P/E ratio of 10.77, a P/E/G ratio of 1.72 and a beta of 1.07. The company’s 50-day moving average price is $108.21 and its two-hundred day moving average price is $101.56.

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

Northern Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be paid a $0.75 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.85%. Northern Trust’s payout ratio is currently 30.67%.

Insider Activity

In other news, EVP Thomas A. South sold 3,804 shares of the firm’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $113.00, for a total value of $429,852.00. Following the sale, the executive vice president now directly owns 81,794 shares in the company, valued at approximately $9,242,722. This trade represents a 4.44 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Peter Cherecwich sold 26,132 shares of the firm’s stock in a transaction that occurred on Wednesday, January 29th. The shares were sold at an average price of $112.36, for a total transaction of $2,936,191.52. Following the completion of the sale, the chief operating officer now owns 26,586 shares in the company, valued at approximately $2,987,202.96. The trade was a 49.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 35,335 shares of company stock worth $3,970,211. Corporate insiders own 0.64% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Morgan Stanley dropped their price objective on shares of Northern Trust from $127.00 to $125.00 and set an “equal weight” rating on the stock in a research report on Friday, January 3rd. The Goldman Sachs Group raised their price target on shares of Northern Trust from $92.00 to $102.00 and gave the stock a “sell” rating in a research report on Friday, January 24th. Truist Financial raised their price target on shares of Northern Trust from $110.00 to $116.00 and gave the stock a “hold” rating in a research report on Friday, January 24th. Barclays raised their price target 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. Finally, Keefe, Bruyette & Woods raised their price target on shares of Northern Trust from $113.00 to $122.00 and gave the stock a “market perform” rating in a research report on Friday, January 24th. One analyst has rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $112.58.

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.