CVA Family Office LLC Buys Shares of 1,110 Northern Trust Co. (NASDAQ:NTRS)

CVA Family Office LLC bought a new stake in shares of Northern Trust Co. (NASDAQ:NTRSFree Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 1,110 shares of the asset manager’s stock, valued at approximately $94,000.

Several other large investors also recently added to or reduced their stakes in the company. Atria Wealth Solutions Inc. raised its stake in Northern Trust by 3.7% during the 4th quarter. Atria Wealth Solutions Inc. now owns 3,425 shares of the asset manager’s stock valued at $306,000 after purchasing an additional 123 shares during the period. Port Capital LLC raised its stake in Northern Trust by 2.3% during the 2nd quarter. Port Capital LLC now owns 6,020 shares of the asset manager’s stock valued at $446,000 after purchasing an additional 133 shares during the period. Mercer Global Advisors Inc. ADV raised its stake in Northern Trust by 2.5% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 5,768 shares of the asset manager’s stock valued at $428,000 after purchasing an additional 140 shares during the period. Vontobel Holding Ltd. increased its stake in shares of Northern Trust by 2.4% in the first quarter. Vontobel Holding Ltd. now owns 5,921 shares of the asset manager’s stock worth $715,000 after acquiring an additional 140 shares during the last quarter. Finally, Diversified Trust Co increased its stake in shares of Northern Trust by 1.9% in the fourth quarter. Diversified Trust Co now owns 8,531 shares of the asset manager’s stock worth $720,000 after acquiring an additional 156 shares during the last quarter. 83.19% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Barclays upped their price target on shares of Northern Trust from $90.00 to $98.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 2nd. TheStreet raised shares of Northern Trust from a “c+” rating to a “b-” rating in a research note on Friday, January 12th. UBS Group upped their price target on shares of Northern Trust from $72.00 to $84.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 9th. Jefferies Financial Group raised shares of Northern Trust from a “hold” rating to a “buy” rating and upped their price target for the stock from $68.00 to $99.00 in a research note on Tuesday, January 9th. Finally, Morgan Stanley reiterated an “underweight” rating and issued a $86.00 price objective (up from $82.00) on shares of Northern Trust in a report on Tuesday, January 30th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Northern Trust currently has a consensus rating of “Hold” and an average price target of $83.04.

View Our Latest Stock Analysis on Northern Trust

Northern Trust Stock Up 0.9 %

NTRS stock opened at $86.62 on Wednesday. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.71 and a quick ratio of 0.71. Northern Trust Co. has a 52-week low of $62.44 and a 52-week high of $90.59. The company has a 50-day moving average of $81.34 and a two-hundred day moving average of $77.09. The stock has a market capitalization of $17.67 billion, a price-to-earnings ratio of 17.05, a price-to-earnings-growth ratio of 1.88 and a beta of 1.12.

Northern Trust (NASDAQ:NTRSGet Free Report) last released its quarterly earnings results on Thursday, January 18th. The asset manager reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.81). Northern Trust had a net margin of 9.14% and a return on equity of 12.44%. The firm had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.71 billion. During the same quarter last year, the company earned $1.65 earnings per share. The firm’s revenue was up 1.9% on a year-over-year basis. As a group, equities research analysts anticipate that Northern Trust Co. will post 6.32 EPS for the current year.

Northern Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Friday, March 8th will be issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 3.46%. The ex-dividend date of this dividend is Thursday, March 7th. Northern Trust’s dividend payout ratio (DPR) is 59.06%.

Insider Buying and Selling at Northern Trust

In other Northern Trust news, insider Steven L. Fradkin sold 30,392 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $80.11, for a total transaction of $2,434,703.12. Following the completion of 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.64% of the company’s stock.

Northern Trust Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Northern Trust (NASDAQ:NTRS)

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