Trust Investment Advisors Acquires Shares of 2,062 Northern Trust Co. (NASDAQ:NTRS)

Trust Investment Advisors bought a new position in shares of Northern Trust Co. (NASDAQ:NTRS) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 2,062 shares of the asset manager’s stock, valued at approximately $211,000.

Several other hedge funds also recently made changes to their positions in the business. CoreFirst Bank & Trust bought a new position in Northern Trust during the 4th quarter worth $131,000. Stevens Capital Management LP bought a new position in shares of Northern Trust in the fourth quarter worth $506,000. LPL Financial LLC raised its stake in Northern Trust by 83.5% in the fourth quarter. LPL Financial LLC now owns 45,184 shares of the asset manager’s stock valued at $4,631,000 after purchasing an additional 20,564 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in Northern Trust during the fourth quarter worth about $7,437,000. Finally, Marietta Investment Partners LLC acquired a new stake in Northern Trust during the fourth quarter worth about $202,000. 83.19% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Northern Trust news, insider Jason J. Tyler sold 2,237 shares of the company’s stock in a transaction on Thursday, January 30th. The shares were 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. This represents a 3.69 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Peter Cherecwich sold 26,132 shares of Northern Trust stock in a transaction dated 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 transaction, the chief operating officer now owns 26,586 shares of the company’s stock, valued at $2,987,202.96. This represents a 49.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 35,335 shares of company stock worth $3,970,211. Corporate insiders own 0.64% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on NTRS shares. Truist Financial boosted their target price on shares of Northern Trust from $110.00 to $116.00 and gave the company a “hold” rating in a research report on Friday, January 24th. Citigroup reduced their target price on Northern Trust from $110.00 to $105.00 and set a “neutral” rating on the stock in a report on Monday. The Goldman Sachs Group boosted 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. UBS Group raised their price objective on Northern Trust from $110.00 to $114.00 and gave the company a “neutral” rating in a research note on Monday, January 27th. Finally, Barclays increased their target price on shares of Northern Trust from $115.00 to $118.00 and gave the stock an “equal weight” rating in a report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $112.85.

Northern Trust Trading Up 0.2 %

NASDAQ NTRS opened at $101.60 on Wednesday. Northern Trust Co. has a one year low of $79.32 and a one year high of $114.67. 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 business has a 50 day simple moving average of $107.45 and a 200 day simple moving average of $102.74. The stock has a market capitalization of $19.88 billion, a P/E ratio of 10.39, a P/E/G ratio of 1.72 and a beta of 1.07.

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, 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%. Research analysts expect that Northern Trust Co. will post 8.27 earnings per share for the current year.

Northern Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date of this dividend is Friday, March 14th. Northern Trust’s payout ratio is 30.67%.

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.