Cwm LLC Acquires 1,746 Shares of Northern Trust Co. (NASDAQ:NTRS)

Cwm LLC raised its stake in Northern Trust Co. (NASDAQ:NTRS) by 23.9% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 9,062 shares of the asset manager’s stock after acquiring an additional 1,746 shares during the period. Cwm LLC’s holdings in Northern Trust were worth $765,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. IFP Advisors Inc boosted its stake in Northern Trust by 1,257.1% in the 3rd quarter. IFP Advisors Inc now owns 1,140 shares of the asset manager’s stock worth $79,000 after purchasing an additional 1,056 shares during the period. Czech National Bank boosted its position in shares of Northern Trust by 46.7% during the third quarter. Czech National Bank now owns 36,180 shares of the asset manager’s stock worth $2,514,000 after buying an additional 11,517 shares during the period. Asset Management One Co. Ltd. grew its holdings in shares of Northern Trust by 6.6% during the third quarter. Asset Management One Co. Ltd. now owns 91,366 shares of the asset manager’s stock worth $6,348,000 after buying an additional 5,668 shares in the last quarter. Handelsbanken Fonder AB raised its position in Northern Trust by 1.5% in the 3rd quarter. Handelsbanken Fonder AB now owns 58,308 shares of the asset manager’s stock valued at $4,051,000 after buying an additional 879 shares during the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its stake in Northern Trust by 25.5% in the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 83,145 shares of the asset manager’s stock valued at $5,777,000 after acquiring an additional 16,900 shares in the last quarter. Institutional investors and hedge funds own 83.19% of the company’s stock.

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 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 transaction, 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 SEC, which is available through the SEC website. Insiders own 0.64% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on NTRS. Morgan Stanley reaffirmed an “underweight” rating and set a $86.00 price target (up from $82.00) on shares of Northern Trust in a research note on Tuesday, January 30th. Bank of America lifted their price target on shares of Northern Trust from $93.00 to $101.00 and gave the company a “buy” rating in a research note on Wednesday, April 17th. Jefferies Financial Group increased their price objective on shares of Northern Trust from $101.00 to $103.00 and gave the stock a “buy” rating in a research note on Thursday, April 18th. UBS Group lifted their target price on Northern Trust from $72.00 to $84.00 and gave the company a “neutral” rating in a research report on Tuesday, January 9th. Finally, Barclays raised their price target 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. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $84.92.

Northern Trust Price Performance

NASDAQ:NTRS opened at $83.56 on Tuesday. Northern Trust Co. has a 12-month low of $62.44 and a 12-month high of $89.25. The firm has a market capitalization of $17.10 billion, a price-to-earnings ratio of 18.45, a P/E/G ratio of 1.20 and a beta of 1.13. The stock’s 50 day moving average price is $83.74 and its two-hundred day moving average price is $79.80. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.61.

Northern Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 7th will be paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 3.59%. The ex-dividend date of this dividend is Friday, June 7th. Northern Trust’s dividend payout ratio (DPR) is presently 66.23%.

About Northern Trust

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.