Yousif Capital Management LLC Sells 1,363 Shares of Northern Trust Co. (NASDAQ:NTRS)

Yousif Capital Management LLC trimmed its holdings in shares of Northern Trust Co. (NASDAQ:NTRS) by 4.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 29,390 shares of the asset manager’s stock after selling 1,363 shares during the quarter. Yousif Capital Management LLC’s holdings in Northern Trust were worth $2,480,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Fortitude Family Office LLC bought a new position in shares of Northern Trust during the fourth quarter worth approximately $28,000. Allworth Financial LP raised its holdings in Northern Trust by 94.1% in the 4th quarter. Allworth Financial LP now owns 359 shares of the asset manager’s stock valued at $30,000 after acquiring an additional 174 shares in the last quarter. Quent Capital LLC lifted its position in shares of Northern Trust by 77.8% during the 4th quarter. Quent Capital LLC now owns 361 shares of the asset manager’s stock valued at $30,000 after acquiring an additional 158 shares during the period. Friedenthal Financial acquired a new stake in shares of Northern Trust during the 4th quarter worth $45,000. Finally, Bruce G. Allen Investments LLC bought a new position in shares of Northern Trust in the fourth quarter worth $45,000. Institutional investors and hedge funds own 83.19% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on NTRS. Evercore ISI increased their price objective 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. 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. TheStreet upgraded Northern Trust from a “c+” rating to a “b-” rating in a research note on Friday, January 12th. Bank of America lifted their price target on Northern Trust from $93.00 to $101.00 and gave the company a “buy” rating in a research note on Wednesday, April 17th. Finally, Wolfe Research downgraded Northern Trust from a “peer perform” rating to an “underperform” rating and set a $85.00 price objective for the company. in a research report on Wednesday, January 3rd. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat, Northern Trust presently has an average rating of “Hold” and a consensus price target of $84.92.

Insider Activity

In related 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 value of $2,434,703.12. Following the sale, the insider now owns 55,707 shares of the company’s stock, valued at $4,462,687.77. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.64% of the company’s stock.

Northern Trust Stock Performance

Shares of NTRS stock opened at $83.56 on Tuesday. The business’s 50-day moving average price is $83.74 and its 200-day moving average price is $79.80. The firm has a market capitalization of $17.10 billion, a price-to-earnings ratio of 18.45, a PEG ratio of 1.20 and a beta of 1.13. Northern Trust Co. has a 12 month low of $62.44 and a 12 month high of $89.25. The company has a current ratio of 0.71, a quick 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. Shareholders of record on Friday, June 7th will be given a $0.75 dividend. This represents a $3.00 annualized dividend 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 currently 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.