Northern Trust Co. (NASDAQ:NTRS) Shares Sold by Private Advisor Group LLC

Private Advisor Group LLC decreased its holdings in shares of Northern Trust Co. (NASDAQ:NTRSFree Report) by 4.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,601 shares of the asset manager’s stock after selling 791 shares during the quarter. Private Advisor Group LLC’s holdings in Northern Trust were worth $1,387,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Ballast Inc. lifted its holdings in shares of Northern Trust by 1.1% during the 4th quarter. Ballast Inc. now owns 12,208 shares of the asset manager’s stock valued at $1,030,000 after acquiring an additional 136 shares in the last quarter. Mather Group LLC. lifted its holdings in shares of Northern Trust by 3.6% during the 4th quarter. Mather Group LLC. now owns 4,271 shares of the asset manager’s stock valued at $360,000 after acquiring an additional 147 shares in the last quarter. Aviance Capital Partners LLC lifted its holdings in shares of Northern Trust by 1.8% during the 4th quarter. Aviance Capital Partners LLC now owns 8,585 shares of the asset manager’s stock valued at $724,000 after acquiring an additional 150 shares in the last quarter. Diversified Trust Co lifted its holdings in Northern Trust by 1.9% in the 4th quarter. Diversified Trust Co now owns 8,531 shares of the asset manager’s stock worth $720,000 after buying an additional 156 shares in the last quarter. Finally, Quent Capital LLC lifted its holdings in Northern Trust by 77.8% in the 4th quarter. Quent Capital LLC now owns 361 shares of the asset manager’s stock worth $30,000 after buying an additional 158 shares in the last quarter. Institutional investors and hedge funds own 83.19% of the company’s stock.

Analyst Ratings Changes

NTRS has been the topic of a number of recent analyst reports. Bank of America boosted their price objective 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. Jefferies Financial Group boosted their price objective 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. Evercore ISI boosted their price objective 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. The Goldman Sachs Group cut their price objective on shares of Northern Trust from $94.00 to $84.00 and set a “neutral” rating on the stock in a report on Tuesday, July 2nd. Finally, Keefe, Bruyette & Woods cut their price objective 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. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $86.42.

View Our Latest Stock Report on NTRS

Insider Activity at Northern Trust

In other Northern Trust news, insider Steven L. Fradkin sold 4,097 shares of the business’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $82.56, for a total transaction of $338,248.32. Following the completion of the transaction, 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Northern Trust news, insider Peter Cherecwich sold 12,000 shares of the business’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 completion of the transaction, 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Steven L. Fradkin sold 4,097 shares of the business’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $82.56, for a total transaction of $338,248.32. Following the transaction, the insider now directly owns 46,078 shares of the company’s stock, valued at $3,804,199.68. The disclosure for this sale can be found here. Insiders own 0.64% of the company’s stock.

Northern Trust Price Performance

Shares of NASDAQ:NTRS opened at $85.40 on Thursday. 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 Co. has a fifty-two week low of $62.44 and a fifty-two week high of $89.25. The firm has a 50-day simple moving average of $83.70 and a 200 day simple moving average of $83.15. The company has a market cap of $17.47 billion, a PE ratio of 18.85, a P/E/G ratio of 1.17 and a beta of 1.10.

Northern Trust (NASDAQ:NTRSGet Free Report) last announced its quarterly earnings data on Tuesday, April 16th. The asset manager reported $1.70 earnings per share for the quarter, beating analysts’ consensus estimates of $1.47 by $0.23. Northern Trust had a net margin of 7.59% and a return on equity of 12.57%. The business had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.79 billion. On average, sell-side analysts anticipate that Northern Trust Co. will post 6.91 EPS for the current year.

Northern Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 1st. Investors of record on Friday, June 7th were given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 3.51%. The ex-dividend date of this dividend was Friday, June 7th. Northern Trust’s dividend payout ratio 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

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

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