Northern Trust Co. (NASDAQ:NTRS) Shares Purchased by Y.D. More Investments Ltd

Y.D. More Investments Ltd raised its stake in Northern Trust Co. (NASDAQ:NTRS) by 118.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 249 shares of the asset manager’s stock after acquiring an additional 135 shares during the period. Y.D. More Investments Ltd’s holdings in Northern Trust were worth $26,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in NTRS. Allworth Financial LP grew its stake in Northern Trust by 9.1% during the 3rd quarter. Allworth Financial LP now owns 1,170 shares of the asset manager’s stock worth $105,000 after buying an additional 98 shares during the last quarter. Juncture Wealth Strategies LLC grew its position in shares of Northern Trust by 2.4% during the fourth quarter. Juncture Wealth Strategies LLC now owns 4,212 shares of the asset manager’s stock worth $432,000 after acquiring an additional 100 shares during the last quarter. Ballentine Partners LLC increased its holdings in shares of Northern Trust by 4.4% in the 4th quarter. Ballentine Partners LLC now owns 2,483 shares of the asset manager’s stock worth $255,000 after acquiring an additional 105 shares during the period. Pallas Capital Advisors LLC increased its holdings in shares of Northern Trust by 1.8% in the 4th quarter. Pallas Capital Advisors LLC now owns 6,091 shares of the asset manager’s stock worth $624,000 after acquiring an additional 107 shares during the period. Finally, Mesirow Financial Investment Management Inc. lifted its position in Northern Trust by 0.4% in the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 35,673 shares of the asset manager’s stock valued at $3,212,000 after purchasing an additional 127 shares during the last quarter. 83.19% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Vice Chairman Steven L. Fradkin sold 9,100 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $111.00, for a total value of $1,010,100.00. Following the completion of the transaction, the insider now owns 47,797 shares of the company’s stock, valued at approximately $5,305,467. This trade represents a 15.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jason J. Tyler sold 2,237 shares of Northern Trust stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $112.67, for a total transaction of $252,042.79. Following the transaction, the insider now owns 58,449 shares in the company, valued at approximately $6,585,448.83. The trade was a 3.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 40,631 shares of company stock worth $4,550,459 over the last ninety days. 0.64% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages have commented on NTRS. Barclays raised their price target on shares of Northern Trust from $115.00 to $118.00 and gave the company an “equal weight” rating in a research note on Monday, January 6th. The Goldman Sachs Group lifted their target price on Northern Trust from $92.00 to $102.00 and gave the company a “sell” rating in a research note on Friday, January 24th. Evercore ISI increased their price target on Northern Trust from $86.00 to $103.00 and gave the stock an “in-line” rating in a research note on Thursday, October 24th. Morgan Stanley cut 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 note on Friday, January 3rd. Finally, Keefe, Bruyette & Woods increased their target price on shares of Northern Trust from $113.00 to $122.00 and gave the company a “market perform” rating in a research report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Northern Trust has an average rating of “Hold” and a consensus target price of $112.58.

Northern Trust Trading Up 0.5 %

Shares of NASDAQ:NTRS opened at $113.80 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.71 and a current ratio of 0.68. The stock has a market capitalization of $22.56 billion, a price-to-earnings ratio of 11.64, a PEG ratio of 1.72 and a beta of 1.08. Northern Trust Co. has a 1-year low of $76.67 and a 1-year high of $114.21. The company has a 50 day moving average price of $106.33 and a 200 day moving average price of $98.05.

Northern Trust (NASDAQ:NTRS) last released its quarterly earnings data on Thursday, January 23rd. The asset manager reported $2.26 earnings per share for the quarter, topping the consensus estimate of $1.96 by $0.30. Northern Trust had a return on equity of 13.74% and a net margin of 12.77%. On average, research analysts anticipate that Northern Trust Co. will post 8.2 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 issued a dividend of $0.75 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $3.00 annualized dividend and a yield of 2.64%. Northern Trust’s payout ratio is presently 30.67%.

About Northern Trust

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.