Quest Partners LLC Makes New $61,000 Investment in Northern Trust Co. (NASDAQ:NTRS)

Quest Partners LLC bought a new position in Northern Trust Co. (NASDAQ:NTRSFree Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 722 shares of the asset manager’s stock, valued at approximately $61,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Trexquant Investment LP purchased a new stake in Northern Trust in the 4th quarter worth approximately $1,559,000. Corient Private Wealth LLC increased its holdings in shares of Northern Trust by 96.9% in the 4th quarter. Corient Private Wealth LLC now owns 329,189 shares of the asset manager’s stock worth $27,777,000 after buying an additional 162,023 shares during the last quarter. Sachetta LLC bought a new position in shares of Northern Trust in the 4th quarter worth $130,000. Associated Banc Corp increased its holdings in shares of Northern Trust by 1.4% in the 4th quarter. Associated Banc Corp now owns 24,700 shares of the asset manager’s stock worth $2,084,000 after buying an additional 338 shares during the last quarter. Finally, UBS Group AG increased its holdings in shares of Northern Trust by 123.7% in the 4th quarter. UBS Group AG now owns 300,042 shares of the asset manager’s stock worth $25,318,000 after buying an additional 165,923 shares during the last quarter. 83.19% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Peter Cherecwich sold 12,000 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $87.09, for a total value of $1,045,080.00. Following the completion of the sale, the insider now directly owns 31,471 shares of the company’s stock, valued at approximately $2,740,809.39. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, insider Steven L. Fradkin sold 4,097 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $82.56, for a total value of $338,248.32. Following the completion of the sale, the insider now directly owns 46,078 shares of the company’s stock, valued at approximately $3,804,199.68. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Peter Cherecwich sold 12,000 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $87.09, for a total transaction of $1,045,080.00. Following the completion of the sale, the insider now directly owns 31,471 shares of the company’s stock, valued at $2,740,809.39. The disclosure for this sale can be found here. Insiders own 0.64% of the company’s stock.

Wall Street Analyst Weigh In

NTRS has been the topic of a number of research analyst reports. Jefferies Financial Group increased their price target on shares of Northern Trust from $101.00 to $103.00 and gave the stock a “buy” rating in a report on Thursday, April 18th. Bank of America increased their price target on shares of Northern Trust from $93.00 to $101.00 and gave the stock a “buy” rating in a report on Wednesday, April 17th. Finally, Evercore ISI increased their price target on shares of Northern Trust from $86.00 to $87.00 and gave the stock an “in-line” rating in a report on Thursday, April 4th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Northern Trust currently has a consensus rating of “Hold” and a consensus target price of $84.92.

View Our Latest Analysis on Northern Trust

Northern Trust Price Performance

Shares of Northern Trust stock opened at $82.90 on Friday. The firm has a market cap of $16.96 billion, a PE ratio of 18.30, a price-to-earnings-growth ratio of 1.17 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 quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.61. The company’s fifty day simple moving average is $84.84 and its two-hundred day simple moving average is $82.37.

Northern Trust (NASDAQ:NTRSGet Free Report) last announced its quarterly earnings results on Tuesday, April 16th. The asset manager reported $1.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.47 by $0.23. The business had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.79 billion. Northern Trust had a net margin of 7.59% and a return on equity of 12.57%. As a group, equities analysts expect that Northern Trust Co. will post 6.82 EPS for the current year.

Northern Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 7th will be issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 3.62%. 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

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Northern Trust (NASDAQ:NTRS)

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