NEOS Investment Management LLC Invests $247,000 in Northern Trust Co. (NASDAQ:NTRS)

NEOS Investment Management LLC acquired a new stake in Northern Trust Co. (NASDAQ:NTRSFree Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 2,930 shares of the asset manager’s stock, valued at approximately $247,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fortitude Family Office LLC acquired a new position in Northern Trust during the 4th quarter worth approximately $28,000. Quent Capital LLC boosted its holdings 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 in the last quarter. Allworth Financial LP grew its position in Northern Trust by 94.1% during the 4th quarter. Allworth Financial LP now owns 359 shares of the asset manager’s stock worth $30,000 after acquiring an additional 174 shares during the last quarter. Covestor Ltd raised its position in Northern Trust by 147.5% in the third quarter. Covestor Ltd now owns 604 shares of the asset manager’s stock valued at $42,000 after purchasing an additional 360 shares during the last quarter. Finally, Bruce G. Allen Investments LLC acquired a new stake in shares of Northern Trust during the fourth quarter valued at about $45,000. Institutional investors own 83.19% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on NTRS shares. Jefferies Financial Group raised their price objective on shares of Northern Trust from $101.00 to $103.00 and gave the company a “buy” rating in a report on Thursday, April 18th. Bank of America lifted 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 objective on Northern Trust from $86.00 to $87.00 and gave the company 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’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $84.92.

View Our Latest Analysis on Northern Trust

Northern Trust Trading Down 0.1 %

NASDAQ NTRS opened at $82.76 on Friday. Northern Trust Co. has a one year low of $62.44 and a one year high of $89.25. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.71 and a quick ratio of 0.71. The business has a 50 day simple moving average of $84.49 and a 200 day simple moving average of $82.70. The stock has a market capitalization of $16.93 billion, a P/E ratio of 18.27, a P/E/G ratio of 1.18 and a beta of 1.10.

Northern Trust (NASDAQ:NTRSGet Free Report) last released its quarterly earnings data on Tuesday, April 16th. The asset manager reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.23. The company had revenue of $1.65 billion during 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%. Research analysts expect that Northern Trust Co. will post 6.85 earnings per share for the current year.

Northern Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 7th will be paid a $0.75 dividend. The ex-dividend date of this dividend is Friday, June 7th. This represents a $3.00 annualized dividend and a dividend yield of 3.62%. Northern Trust’s dividend payout ratio is presently 66.23%.

Insider Activity at Northern Trust

In other Northern Trust news, insider Steven L. Fradkin sold 4,097 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The stock was 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 owns 46,078 shares of the company’s stock, valued at $3,804,199.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Peter Cherecwich sold 12,000 shares of the company’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 sale, the insider now owns 31,471 shares in the company, valued at approximately $2,740,809.39. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Steven L. Fradkin sold 4,097 shares of Northern Trust 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 transaction, the insider now owns 46,078 shares of the company’s stock, valued at approximately $3,804,199.68. The disclosure for this sale can be found here. 0.64% of the stock is currently owned by corporate insiders.

Northern Trust Profile

(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.

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

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