4,684 Shares in Northern Trust Co. (NASDAQ:NTRS) Purchased by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC bought a new position in Northern Trust Co. (NASDAQ:NTRS) during the fourth quarter, Holdings Channel reports. The firm bought 4,684 shares of the asset manager’s stock, valued at approximately $395,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Deutsche Bank AG lifted its position in shares of Northern Trust by 8.1% during the 3rd quarter. Deutsche Bank AG now owns 597,143 shares of the asset manager’s stock worth $41,489,000 after buying an additional 44,516 shares in the last quarter. Financiere des Professionnels Fonds d investissement inc. lifted its position in shares of Northern Trust by 51.3% during the 4th quarter. Financiere des Professionnels Fonds d investissement inc. now owns 70,384 shares of the asset manager’s stock worth $5,939,000 after buying an additional 23,859 shares in the last quarter. HB Wealth Management LLC bought a new position in shares of Northern Trust during the 4th quarter worth approximately $227,000. Nordea Investment Management AB lifted its position in shares of Northern Trust by 2.4% during the 3rd quarter. Nordea Investment Management AB now owns 12,962 shares of the asset manager’s stock worth $907,000 after buying an additional 305 shares in the last quarter. Finally, Pathstone Family Office LLC bought a new position in shares of Northern Trust during the 3rd quarter worth approximately $715,000. Hedge funds and other institutional investors own 83.19% of the company’s stock.

Northern Trust Stock Up 2.1 %

Northern Trust stock opened at $81.23 on Thursday. Northern Trust Co. has a 1-year low of $62.44 and a 1-year high of $89.25. The firm has a market capitalization of $16.57 billion, a price-to-earnings ratio of 15.99, a P/E/G ratio of 1.73 and a beta of 1.13. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.62. The firm has a 50 day simple moving average of $83.17 and a 200 day simple moving average of $78.82.

Northern Trust (NASDAQ:NTRS) last announced its quarterly earnings results on Thursday, January 18th. The asset manager reported $0.52 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $1.71 billion. During the same period in the previous year, the business earned $1.65 earnings per share. The firm’s revenue for the quarter was up 1.9% on a year-over-year basis. On average, analysts predict that Northern Trust Co. will post 6.57 earnings per share for the current year.

Insider Buying and Selling at Northern Trust

In other Northern Trust news, insider Steven L. Fradkin sold 30,392 shares of the firm’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $80.11, for a total value of $2,434,703.12. Following the completion of the transaction, the insider now directly owns 55,707 shares of the company’s stock, valued at approximately $4,462,687.77. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.64% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Barclays lifted their target price on shares of Northern Trust from $90.00 to $98.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 2nd. TheStreet upgraded shares of Northern Trust from a “c+” rating to a “b-” rating in a research note on Friday, January 12th. Wolfe Research lowered shares of Northern Trust from a “peer perform” rating to an “underperform” rating and set a $85.00 price target for the company. in a research note on Wednesday, January 3rd. Evercore ISI raised 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. Finally, Bank of America raised their price target on shares of Northern Trust from $93.00 to $101.00 and gave the stock a “buy” rating in a research note on Wednesday. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Northern Trust currently has a consensus rating of “Hold” and a consensus price target of $84.58.

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.