Crescent Grove Advisors LLC Purchases 1,567 Shares of Northern Trust Co. (NASDAQ:NTRS)

Crescent Grove Advisors LLC increased its position in shares of Northern Trust Co. (NASDAQ:NTRS) by 24.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 8,028 shares of the asset manager’s stock after acquiring an additional 1,567 shares during the period. Crescent Grove Advisors LLC’s holdings in Northern Trust were worth $828,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Mercer Global Advisors Inc. ADV increased its holdings in shares of Northern Trust by 7.2% in the second quarter. Mercer Global Advisors Inc. ADV now owns 7,487 shares of the asset manager’s stock worth $629,000 after purchasing an additional 500 shares during the period. Pacer Advisors Inc. grew its position in Northern Trust by 4.5% during the second quarter. Pacer Advisors Inc. now owns 14,809 shares of the asset manager’s stock worth $1,244,000 after buying an additional 632 shares in the last quarter. Public Sector Pension Investment Board increased its stake in Northern Trust by 6.8% in the 2nd quarter. Public Sector Pension Investment Board now owns 34,791 shares of the asset manager’s stock worth $2,922,000 after acquiring an additional 2,201 shares during the last quarter. Bank of Montreal Can raised its holdings in shares of Northern Trust by 4.1% in the 2nd quarter. Bank of Montreal Can now owns 210,363 shares of the asset manager’s stock valued at $17,670,000 after acquiring an additional 8,307 shares in the last quarter. Finally, Marshall Wace LLP boosted its position in shares of Northern Trust by 34.2% during the 2nd quarter. Marshall Wace LLP now owns 133,032 shares of the asset manager’s stock valued at $11,172,000 after acquiring an additional 33,875 shares during the last quarter. 83.19% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Northern Trust

In other Northern Trust news, COO Peter Cherecwich sold 16,153 shares of the business’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $105.18, for a total transaction of $1,698,972.54. Following the transaction, the chief operating officer now directly owns 4,397 shares of the company’s stock, valued at approximately $462,476.46. The trade was a 78.60 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Vice Chairman Steven L. Fradkin sold 9,100 shares of the firm’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $111.00, for a total transaction of $1,010,100.00. Following the completion of the sale, the insider now directly owns 47,797 shares of the company’s stock, valued at approximately $5,305,467. This represents a 15.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 30,253 shares of company stock worth $3,238,073. Company insiders own 0.64% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on NTRS shares. Royal Bank of Canada upped their price objective on shares of Northern Trust from $107.00 to $115.00 and gave the stock an “outperform” rating in a research report on Friday. Barclays increased their price target on shares of Northern Trust from $115.00 to $118.00 and gave the stock an “equal weight” rating in a report on Monday, January 6th. UBS Group lifted their price objective on shares of Northern Trust from $86.00 to $92.00 and gave the stock a “neutral” rating in a report on Tuesday, October 8th. The Goldman Sachs Group increased their target price on Northern Trust from $92.00 to $102.00 and gave the company a “sell” rating in a research note on Friday. Finally, Morgan Stanley dropped their price target on 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. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Northern Trust currently has an average rating of “Hold” and a consensus price target of $110.75.

Northern Trust Trading Up 1.3 %

Shares of NTRS stock opened at $110.92 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.71 and a quick ratio of 0.71. The business has a 50-day moving average of $105.89 and a 200 day moving average of $96.59. The stock has a market capitalization of $21.99 billion, a PE ratio of 13.80, a P/E/G ratio of 1.22 and a beta of 1.08. Northern Trust Co. has a 1-year low of $76.67 and a 1-year high of $111.87.

Northern Trust (NASDAQ:NTRS) last issued its earnings results on Thursday, January 23rd. The asset manager reported $2.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.96 by $0.30. Northern Trust had a net margin of 10.92% and a return on equity of 12.75%. As a group, sell-side analysts anticipate that Northern Trust Co. will post 7.56 earnings per share for the current year.

Northern Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 2.70%. The ex-dividend date of this dividend is Friday, March 14th. Northern Trust’s dividend payout ratio (DPR) is 37.31%.

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.