Northern Trust Co. (NASDAQ:NTRS) Shares Sold by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. lowered its position in Northern Trust Co. (NASDAQ:NTRS) by 6.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,967 shares of the asset manager’s stock after selling 200 shares during the period. Atria Wealth Solutions Inc.’s holdings in Northern Trust were worth $306,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Allworth Financial LP raised its position in shares of Northern Trust by 9.1% in the third quarter. Allworth Financial LP now owns 1,170 shares of the asset manager’s stock worth $105,000 after acquiring an additional 98 shares during the period. Juncture Wealth Strategies LLC raised its position in shares of Northern Trust by 2.4% in the fourth quarter. Juncture Wealth Strategies LLC now owns 4,212 shares of the asset manager’s stock worth $432,000 after acquiring an additional 100 shares during the period. Ballentine Partners LLC raised its position in shares of Northern Trust by 4.4% in the fourth quarter. Ballentine Partners LLC now owns 2,483 shares of the asset manager’s stock worth $255,000 after acquiring an additional 105 shares during the period. Pallas Capital Advisors LLC raised its position in shares of Northern Trust by 1.8% in the fourth quarter. Pallas Capital Advisors LLC now owns 6,091 shares of the asset manager’s stock worth $624,000 after acquiring an additional 107 shares during the period. Finally, Mesirow Financial Investment Management Inc. increased its stake in shares of Northern Trust by 0.4% during the third quarter. Mesirow Financial Investment Management Inc. now owns 35,673 shares of the asset manager’s stock worth $3,212,000 after purchasing an additional 127 shares in the last quarter. Institutional investors and hedge funds own 83.19% of the company’s stock.

Northern Trust Stock Up 1.0 %

Shares of NASDAQ NTRS opened at $110.22 on Friday. The company has a 50-day moving average of $108.02 and a 200 day moving average of $101.01. Northern Trust Co. has a 12-month low of $79.30 and a 12-month high of $114.67. The company has a current ratio of 0.68, a quick ratio of 0.71 and a debt-to-equity ratio of 0.58. The stock has a market cap of $21.85 billion, a PE ratio of 11.27, a P/E/G ratio of 1.72 and a beta of 1.08.

Northern Trust (NASDAQ:NTRS) last posted its quarterly earnings results on Thursday, January 23rd. The asset manager reported $2.26 earnings per share for the quarter, beating the consensus estimate of $1.96 by $0.30. Northern Trust had a net margin of 12.77% and a return on equity of 13.74%. As a group, sell-side analysts predict that Northern Trust Co. will post 8.27 EPS for the current fiscal year.

Northern Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be paid a $0.75 dividend. The ex-dividend date is Friday, March 14th. This represents a $3.00 annualized dividend and a dividend yield of 2.72%. Northern Trust’s dividend payout ratio (DPR) is 30.67%.

Insider Activity

In other news, EVP Thomas A. South sold 3,804 shares of the company’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $113.00, for a total value of $429,852.00. Following the transaction, the executive vice president now directly owns 81,794 shares in the company, valued at approximately $9,242,722. This represents a 4.44 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider John Landers sold 900 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $111.44, for a total transaction of $100,296.00. Following the completion of the transaction, the insider now owns 7,640 shares in the company, valued at approximately $851,401.60. This represents a 10.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 35,335 shares of company stock valued at $3,970,211 in the last 90 days. Company insiders own 0.64% of the company’s stock.

Wall Street Analysts Forecast Growth

NTRS has been the subject of a number of research reports. The Goldman Sachs Group boosted their target price on shares of Northern Trust from $92.00 to $102.00 and gave the stock a “sell” rating in a research note on Friday, January 24th. Barclays boosted their target price on shares of Northern Trust from $115.00 to $118.00 and gave the stock an “equal weight” rating in a research note on Monday, January 6th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Northern Trust from $100.00 to $108.00 and gave the stock a “hold” rating in a research note on Monday, November 11th. Morgan Stanley cut their target price on shares of Northern Trust from $127.00 to $125.00 and set an “equal weight” rating for the company in a research note on Friday, January 3rd. Finally, UBS Group boosted their target price on shares of Northern Trust from $110.00 to $114.00 and gave the stock a “neutral” rating in a research note on Monday, January 27th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $112.58.

Northern Trust Company Profile

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.