West Oak Capital LLC Has $1.43 Million Stock Position in Northern Trust Co. (NASDAQ:NTRS)

West Oak Capital LLC reduced its position in shares of Northern Trust Co. (NASDAQ:NTRS) by 1.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,110 shares of the asset manager’s stock after selling 190 shares during the period. West Oak Capital LLC’s holdings in Northern Trust were worth $1,433,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Wellington Management Group LLP increased its holdings in shares of Northern Trust by 140.2% during the fourth quarter. Wellington Management Group LLP now owns 5,802,792 shares of the asset manager’s stock worth $489,640,000 after buying an additional 3,387,002 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Northern Trust by 31.2% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 6,533,855 shares of the asset manager’s stock worth $551,327,000 after purchasing an additional 1,553,783 shares during the last quarter. Confluence Investment Management LLC bought a new stake in shares of Northern Trust in the first quarter worth $105,665,000. Norges Bank bought a new stake in shares of Northern Trust in the fourth quarter worth $90,532,000. Finally, Primecap Management Co. CA grew its stake in shares of Northern Trust by 6.1% in the fourth quarter. Primecap Management Co. CA now owns 6,891,902 shares of the asset manager’s stock worth $581,539,000 after purchasing an additional 394,855 shares during the last quarter. 83.19% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently weighed in on NTRS shares. The Goldman Sachs Group reduced their price objective on shares of Northern Trust from $94.00 to $84.00 and set a “neutral” rating on the stock in a research note on Tuesday. 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 research note on Thursday, April 18th. Keefe, Bruyette & Woods reduced 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 research note on Thursday, June 27th. 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 research note on Wednesday, April 17th. Finally, Evercore ISI upped their price target on shares of Northern Trust from $86.00 to $87.00 and gave the company an “in-line” rating in a research report on Thursday, April 4th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Northern Trust presently has an average rating of “Hold” and an average target price of $86.42.

Insider Buying and Selling at Northern Trust

In other Northern Trust news, insider Peter Cherecwich sold 12,000 shares of the 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 owns 31,471 shares in the company, valued at approximately $2,740,809.39. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, insider Peter Cherecwich sold 12,000 shares of the stock in a transaction that occurred on 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 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 $3,804,199.68. The disclosure for this sale can be found here. Company insiders own 0.64% of the company’s stock.

Northern Trust Stock Up 0.5 %

Shares of NTRS stock traded up $0.40 on Tuesday, reaching $84.23. 728,621 shares of the company were exchanged, compared to its average volume of 1,374,749. The company has a market cap of $17.23 billion, a price-to-earnings ratio of 18.59, a PEG ratio of 1.19 and a beta of 1.10. The company has a 50-day moving average of $83.62 and a 200-day moving average of $83.17. 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 one year low of $62.44 and a one year high of $89.25.

Northern Trust (NASDAQ:NTRS) last posted its earnings results on Tuesday, April 16th. The asset manager reported $1.70 earnings per share for the quarter, topping 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 company had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.79 billion. Analysts anticipate that Northern Trust Co. will post 6.88 earnings per share for the current year.

Northern Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 1st. Shareholders of record on Friday, June 7th were paid a $0.75 dividend. The ex-dividend date of this dividend was Friday, June 7th. This represents a $3.00 annualized dividend and a yield of 3.56%. Northern Trust’s dividend payout ratio (DPR) is 66.23%.

About Northern Trust

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.