Sequoia Financial Advisors LLC Has $2.74 Million Stake in Northern Trust Co. (NASDAQ:NTRS)

Sequoia Financial Advisors LLC raised its stake in shares of Northern Trust Co. (NASDAQ:NTRSFree Report) by 557.8% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 30,813 shares of the asset manager’s stock after purchasing an additional 26,129 shares during the period. Sequoia Financial Advisors LLC’s holdings in Northern Trust were worth $2,740,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Deutsche Bank AG boosted its stake in Northern Trust by 8.1% during the 3rd quarter. Deutsche Bank AG now owns 597,143 shares of the asset manager’s stock valued at $41,489,000 after purchasing an additional 44,516 shares during the last quarter. Bayesian Capital Management LP lifted its position in shares of Northern Trust by 986.3% during the 4th quarter. Bayesian Capital Management LP now owns 37,900 shares of the asset manager’s stock worth $3,198,000 after buying an additional 34,411 shares in the last quarter. Financiere des Professionnels Fonds d investissement inc. lifted its position in shares of Northern Trust by 51.3% during the 4th quarter. Financiere des Professionnels Fonds d investissement inc. now owns 70,384 shares of the asset manager’s stock worth $5,939,000 after buying an additional 23,859 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted its position in shares of Northern Trust by 17,074.2% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 74,021 shares of the asset manager’s stock worth $6,246,000 after buying an additional 73,590 shares in the last quarter. Finally, HB Wealth Management LLC bought a new position in shares of Northern Trust during the 4th quarter worth approximately $227,000. Institutional investors and hedge funds own 83.19% of the company’s stock.

Northern Trust Trading Down 1.5 %

Shares of NTRS stock opened at $83.13 on Friday. The company’s fifty day simple moving average is $83.64 and its two-hundred day simple moving average is $83.14. The stock has a market capitalization of $17.01 billion, a price-to-earnings ratio of 18.35, a PEG ratio of 1.17 and a beta of 1.10. 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 Co. has a 1 year low of $62.44 and a 1 year high of $89.25.

Northern Trust (NASDAQ:NTRSGet Free Report) last released its quarterly earnings results on Tuesday, April 16th. The asset manager reported $1.70 EPS for the quarter, beating analysts’ consensus estimates of $1.47 by $0.23. The firm 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%. As a group, analysts anticipate that Northern Trust Co. will post 6.91 earnings per share for the current year.

Northern Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, July 1st. Investors of record on Friday, June 7th were given a $0.75 dividend. The ex-dividend date was Friday, June 7th. This represents a $3.00 annualized dividend and a yield of 3.61%. Northern Trust’s dividend payout ratio (DPR) is presently 66.23%.

Insider Buying and Selling

In related news, insider Steven L. Fradkin sold 4,097 shares of the company’s stock in a transaction on 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 transaction, the insider now directly owns 46,078 shares in the company, valued at $3,804,199.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Steven L. Fradkin sold 4,097 shares of the company’s stock in a transaction on 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 transaction, the insider now directly owns 46,078 shares in the company, valued at $3,804,199.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 transaction of $1,045,080.00. Following the sale, the insider now owns 31,471 shares of the company’s stock, valued at $2,740,809.39. The disclosure for this sale can be found here. 0.64% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have commented on NTRS shares. The Goldman Sachs Group dropped their target price on shares of Northern Trust from $94.00 to $84.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 2nd. Jefferies Financial Group lifted their target price on shares of Northern Trust from $101.00 to $103.00 and gave the stock a “buy” rating in a research report on Thursday, April 18th. Keefe, Bruyette & Woods lowered their price target on shares of Northern Trust from $92.00 to $85.00 and set a “market perform” rating on the stock in a report on Thursday, June 27th. 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 lifted 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 investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Northern Trust presently has an average rating of “Hold” and an average target price of $86.42.

View Our Latest Research Report on Northern Trust

Northern Trust Company 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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