Northern Trust Co. (NASDAQ:NTRS) Position Boosted by Duality Advisers LP

Duality Advisers LP boosted its position in Northern Trust Co. (NASDAQ:NTRS) by 31.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,185 shares of the asset manager’s stock after buying an additional 2,695 shares during the quarter. Duality Advisers LP’s holdings in Northern Trust were worth $944,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of NTRS. Wellington Management Group LLP raised its holdings in shares of Northern Trust by 17.7% during the third quarter. Wellington Management Group LLP now owns 2,415,790 shares of the asset manager’s stock valued at $167,849,000 after buying an additional 363,747 shares during the last quarter. Primecap Management Co. CA grew its stake in shares of Northern Trust by 4.2% in the third quarter. Primecap Management Co. CA now owns 6,497,047 shares of the asset manager’s stock worth $451,415,000 after purchasing an additional 264,805 shares in the last quarter. AQR Capital Management LLC increased its holdings in shares of Northern Trust by 168.3% during the third quarter. AQR Capital Management LLC now owns 407,683 shares of the asset manager’s stock valued at $28,326,000 after purchasing an additional 255,740 shares during the period. Qube Research & Technologies Ltd raised its stake in shares of Northern Trust by 194.3% during the third quarter. Qube Research & Technologies Ltd now owns 306,194 shares of the asset manager’s stock valued at $21,274,000 after purchasing an additional 202,167 shares in the last quarter. Finally, Rathbones Group PLC lifted its holdings in Northern Trust by 938.4% in the third quarter. Rathbones Group PLC now owns 157,822 shares of the asset manager’s stock worth $10,965,000 after purchasing an additional 142,624 shares during the period. Institutional investors and hedge funds own 83.19% of the company’s stock.

Northern Trust Price Performance

NASDAQ NTRS opened at $84.18 on Wednesday. The stock has a market capitalization of $17.17 billion, a PE ratio of 18.58, a P/E/G ratio of 1.20 and a beta of 1.13. The stock has a 50-day simple moving average of $83.44 and a 200 day simple moving average of $79.34. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.71 and a current ratio of 0.71. Northern Trust Co. has a twelve month low of $62.44 and a twelve month high of $89.25.

Northern Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 7th will be paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 3.56%. The ex-dividend date is Friday, June 7th. Northern Trust’s payout ratio is currently 66.23%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on NTRS shares. Evercore ISI upped their price target on shares of Northern Trust from $86.00 to $87.00 and gave the stock an “in-line” rating in a research note on Thursday, April 4th. Morgan Stanley restated an “underweight” rating and issued a $86.00 price target (up previously from $82.00) on shares of Northern Trust in a research report on Tuesday, January 30th. Jefferies Financial Group lifted their target price on Northern Trust from $101.00 to $103.00 and gave the stock a “buy” rating in a report on Thursday, April 18th. Barclays upped their price objective on shares of Northern Trust from $90.00 to $98.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 2nd. Finally, Bank of America raised their target price on Northern Trust from $93.00 to $101.00 and gave the stock a “buy” rating in a research report on Wednesday, April 17th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Northern Trust currently has an average rating of “Hold” and an average price target of $84.92.

Insiders Place Their Bets

In other news, insider Steven L. Fradkin sold 30,392 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $80.11, for a total transaction of $2,434,703.12. Following the sale, the insider now directly owns 55,707 shares in the company, valued at $4,462,687.77. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company 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.