Daiwa Securities Group Inc. Purchases 1,061 Shares of Northern Trust Co. (NASDAQ:NTRS)

Daiwa Securities Group Inc. raised its position in shares of Northern Trust Co. (NASDAQ:NTRS) by 6.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 18,715 shares of the asset manager’s stock after purchasing an additional 1,061 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Northern Trust were worth $1,579,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. FMR LLC grew its stake in shares of Northern Trust by 1.2% during the 3rd quarter. FMR LLC now owns 10,791,735 shares of the asset manager’s stock valued at $749,810,000 after acquiring an additional 126,172 shares during the period. Primecap Management Co. CA grew its stake in shares of Northern Trust by 4.2% during the 3rd quarter. Primecap Management Co. CA now owns 6,497,047 shares of the asset manager’s stock valued at $451,415,000 after acquiring an additional 264,805 shares during the period. Northern Trust Corp grew its stake in shares of Northern Trust by 1.5% during the 3rd quarter. Northern Trust Corp now owns 5,955,048 shares of the asset manager’s stock valued at $413,757,000 after acquiring an additional 89,696 shares during the period. Massachusetts Financial Services Co. MA grew its stake in shares of Northern Trust by 1.3% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,980,072 shares of the asset manager’s stock valued at $346,015,000 after acquiring an additional 64,707 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Northern Trust by 2.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,486,840 shares of the asset manager’s stock valued at $311,746,000 after acquiring an additional 119,484 shares during the period. 83.19% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

NTRS has been the subject of a number of recent research reports. Barclays boosted their price objective on Northern Trust from $90.00 to $98.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 2nd. Royal Bank of Canada boosted their price objective on Northern Trust from $82.00 to $86.00 and gave the company an “outperform” rating in a research note on Friday, January 19th. Morgan Stanley reissued an “underweight” rating and issued a $86.00 price target (up from $82.00) on shares of Northern Trust in a report on Tuesday, January 30th. Jefferies Financial Group boosted their price target on Northern Trust from $101.00 to $103.00 and gave the stock a “buy” rating in a report on Thursday, April 18th. Finally, Evercore ISI boosted their price target on Northern Trust from $86.00 to $87.00 and gave the stock an “in-line” rating in a report on Thursday, April 4th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $84.92.

Insider Transactions at Northern Trust

In related news, insider Steven L. Fradkin sold 30,392 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $80.11, for a total transaction of $2,434,703.12. Following the sale, the insider now owns 55,707 shares in the company, valued at approximately $4,462,687.77. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.64% of the company’s stock.

Northern Trust Stock Up 0.8 %

Shares of NTRS opened at $84.18 on Wednesday. The stock has a market capitalization of $17.17 billion, a price-to-earnings ratio of 18.58, a price-to-earnings-growth ratio of 1.20 and a beta of 1.13. Northern Trust Co. has a 1 year low of $62.44 and a 1 year high of $89.25. The business’s 50 day simple moving average is $83.44 and its 200-day simple moving average is $79.34. 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 Dividend Announcement

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