2,521 Shares in Northern Trust Co. (NASDAQ:NTRS) Acquired by SVB Wealth LLC

SVB Wealth LLC bought a new position in Northern Trust Co. (NASDAQ:NTRS) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,521 shares of the asset manager’s stock, valued at approximately $213,000.

Other hedge funds have also modified their holdings of the company. Ballast Inc. lifted its position in Northern Trust by 1.1% during the fourth quarter. Ballast Inc. now owns 12,208 shares of the asset manager’s stock valued at $1,030,000 after buying an additional 136 shares in the last quarter. Diversified Trust Co lifted its position in Northern Trust by 1.9% during the fourth quarter. Diversified Trust Co now owns 8,531 shares of the asset manager’s stock valued at $720,000 after buying an additional 156 shares in the last quarter. Quent Capital LLC lifted its position in Northern Trust by 77.8% during the fourth quarter. Quent Capital LLC now owns 361 shares of the asset manager’s stock valued at $30,000 after buying an additional 158 shares in the last quarter. Massmutual Trust Co. FSB ADV lifted its position in Northern Trust by 33.5% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 654 shares of the asset manager’s stock valued at $55,000 after buying an additional 164 shares in the last quarter. Finally, Smith Salley & Associates lifted its position in Northern Trust by 2.9% during the fourth quarter. Smith Salley & Associates now owns 6,001 shares of the asset manager’s stock valued at $506,000 after buying an additional 167 shares in the last quarter. 83.19% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Northern Trust

In other news, insider Steven L. Fradkin sold 30,392 shares of the business’s stock in a transaction on 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 transaction, the insider now owns 55,707 shares of the company’s stock, valued at $4,462,687.77. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.64% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Evercore ISI lifted their price target on shares of Northern Trust from $86.00 to $87.00 and gave the company an “in-line” rating in a research report on Thursday, April 4th. Barclays lifted their price objective on shares of Northern Trust from $90.00 to $98.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 2nd. Wolfe Research lowered shares of Northern Trust from a “peer perform” rating to an “underperform” rating and set a $85.00 price objective on the stock. in a research note on Wednesday, January 3rd. TheStreet upgraded shares of Northern Trust from a “c+” rating to a “b-” rating in a research note on Friday, January 12th. Finally, UBS Group lifted their price objective on shares of Northern Trust from $72.00 to $84.00 and gave the company a “neutral” rating in a research note on Tuesday, January 9th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Northern Trust has an average rating of “Hold” and an average price target of $84.92.

Northern Trust Stock Up 0.8 %

NTRS stock opened at $84.18 on Wednesday. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.71 and a quick ratio of 0.71. Northern Trust Co. has a 1-year low of $62.44 and a 1-year high of $89.25. The firm has a fifty day moving average price of $83.44 and a two-hundred day moving average price of $79.34. The firm has a market cap of $17.17 billion, a price-to-earnings ratio of 18.58, a PEG ratio of 1.17 and a beta of 1.13.

Northern Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 7th will be paid a dividend of $0.75 per share. The ex-dividend date is Friday, June 7th. This represents a $3.00 annualized dividend and a yield of 3.56%. Northern Trust’s payout ratio is 66.23%.

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.