Trust Investment Advisors Acquires Shares of 2,062 Northern Trust Co. (NASDAQ:NTRS)

Trust Investment Advisors bought a new stake in shares of Northern Trust Co. (NASDAQ:NTRS) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 2,062 shares of the asset manager’s stock, valued at approximately $211,000.

A number of other large investors also recently made changes to their positions in NTRS. FMR LLC increased its holdings in Northern Trust by 9.3% in the third quarter. FMR LLC now owns 18,187,663 shares of the asset manager’s stock valued at $1,637,435,000 after purchasing an additional 1,542,685 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Northern Trust by 9.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,296,442 shares of the asset manager’s stock valued at $386,809,000 after acquiring an additional 388,692 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Northern Trust by 1.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,577,091 shares of the asset manager’s stock valued at $141,986,000 after acquiring an additional 16,500 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Northern Trust by 0.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,267,406 shares of the asset manager’s stock worth $129,909,000 after acquiring an additional 8,102 shares during the last quarter. Finally, KBC Group NV grew its holdings in Northern Trust by 201.6% during the fourth quarter. KBC Group NV now owns 963,811 shares of the asset manager’s stock valued at $98,791,000 after purchasing an additional 644,261 shares during the period. Institutional investors and hedge funds own 83.19% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on NTRS shares. Keefe, Bruyette & Woods boosted their price target on shares of Northern Trust from $113.00 to $122.00 and gave the company a “market perform” rating in a report on Friday, January 24th. Citigroup decreased their target price on Northern Trust from $110.00 to $105.00 and set a “neutral” rating for the company in a research note on Monday. UBS Group lifted their price objective on Northern Trust from $110.00 to $114.00 and gave the company a “neutral” rating in a report on Monday, January 27th. Truist Financial boosted their price objective on Northern Trust from $110.00 to $116.00 and gave the company a “hold” rating in a research report on Friday, January 24th. Finally, The Goldman Sachs Group raised their target price on shares of Northern Trust from $92.00 to $102.00 and gave the stock a “sell” rating in a report on Friday, January 24th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Northern Trust presently has an average rating of “Hold” and an average target price of $112.85.

Insider Transactions at Northern Trust

In other Northern Trust news, insider Jason J. Tyler sold 2,237 shares of the firm’s stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $112.67, for a total transaction of $252,042.79. Following the completion of the sale, the insider now directly owns 58,449 shares in the company, valued at $6,585,448.83. This trade represents a 3.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Jane Karpinski sold 2,262 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $111.33, for a total value of $251,828.46. Following the completion of the transaction, the executive vice president now directly owns 17,236 shares in the company, valued at $1,918,883.88. The trade was a 11.60 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 35,335 shares of company stock worth $3,970,211. 0.64% of the stock is owned by company insiders.

Northern Trust Price Performance

Shares of NASDAQ NTRS opened at $101.60 on Wednesday. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.71. The business has a 50-day moving average of $107.45 and a 200-day moving average of $102.74. The stock has a market capitalization of $19.88 billion, a price-to-earnings ratio of 10.39, a PEG ratio of 1.72 and a beta of 1.07. Northern Trust Co. has a fifty-two week low of $79.32 and a fifty-two week high of $114.67.

Northern Trust (NASDAQ:NTRS) last released its quarterly earnings data on Thursday, January 23rd. The asset manager reported $2.26 earnings per share for the quarter, topping 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 earnings per share for the current fiscal year.

Northern Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be given a $0.75 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.95%. Northern Trust’s payout ratio is 30.67%.

Northern Trust 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.