Corient Private Wealth LLC Cuts Stock Position in Northern Trust Co. (NASDAQ:NTRS)

Corient Private Wealth LLC trimmed its stake in shares of Northern Trust Co. (NASDAQ:NTRS) by 11.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 372,502 shares of the asset manager’s stock after selling 47,479 shares during the period. Corient Private Wealth LLC’s holdings in Northern Trust were worth $38,182,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of NTRS. Y.D. More Investments Ltd lifted its position in shares of Northern Trust by 118.4% in the fourth quarter. Y.D. More Investments Ltd now owns 249 shares of the asset manager’s stock valued at $26,000 after acquiring an additional 135 shares in the last quarter. Empirical Asset Management LLC purchased a new position in Northern Trust in the 4th quarter valued at $33,000. Brooklyn Investment Group boosted its stake in Northern Trust by 51.2% during the 4th quarter. Brooklyn Investment Group now owns 378 shares of the asset manager’s stock worth $39,000 after purchasing an additional 128 shares during the last quarter. Assetmark Inc. grew its holdings in shares of Northern Trust by 528.3% during the fourth quarter. Assetmark Inc. now owns 377 shares of the asset manager’s stock worth $39,000 after buying an additional 317 shares in the last quarter. Finally, Proficio Capital Partners LLC acquired a new stake in shares of Northern Trust in the fourth quarter valued at about $51,000. Institutional investors and hedge funds own 83.19% of the company’s stock.

Northern Trust Trading Up 0.8 %

Shares of NTRS stock opened at $98.68 on Tuesday. Northern Trust Co. has a 1-year low of $79.32 and a 1-year high of $114.67. The firm has a market cap of $19.31 billion, a PE ratio of 10.09, a price-to-earnings-growth ratio of 1.72 and a beta of 1.07. The company has a 50-day moving average of $107.65 and a two-hundred day moving average of $102.32. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.71.

Northern Trust (NASDAQ:NTRS) last posted its earnings results on Thursday, January 23rd. The asset manager reported $2.26 earnings per share 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%. On average, analysts predict that Northern Trust Co. will post 8.27 EPS for the current year.

Northern Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be issued a $0.75 dividend. The ex-dividend date is Friday, March 14th. This represents a $3.00 dividend on an annualized basis and a yield of 3.04%. Northern Trust’s dividend payout ratio (DPR) is presently 30.67%.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Morgan Stanley dropped their price objective on shares of Northern Trust from $138.00 to $136.00 and set an “equal weight” rating for the company in a research note on Thursday, March 6th. Royal Bank of Canada lifted their price objective on Northern Trust from $107.00 to $115.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. Keefe, Bruyette & Woods upped their target price on Northern Trust from $113.00 to $122.00 and gave the company a “market perform” rating in a report on Friday, January 24th. The Goldman Sachs Group lifted their price target on Northern Trust from $92.00 to $102.00 and gave the stock a “sell” rating in a report on Friday, January 24th. Finally, StockNews.com lowered shares of Northern Trust from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $113.50.

Insiders Place Their Bets

In other Northern Trust news, EVP Jane Karpinski sold 2,262 shares of Northern Trust stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $111.33, for a total transaction of $251,828.46. Following the completion of the sale, the executive vice president now directly owns 17,236 shares of the company’s stock, valued at $1,918,883.88. The trade was a 11.60 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Peter Cherecwich sold 26,132 shares of the stock in a transaction dated Wednesday, January 29th. The shares were sold at an average price of $112.36, for a total value of $2,936,191.52. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 35,335 shares of company stock worth $3,970,211 in the last quarter. 0.64% of the stock is owned by company insiders.

Northern Trust 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.