Blue Trust Inc. Sells 161 Shares of Northern Trust Co. (NASDAQ:NTRS)

Blue Trust Inc. cut its holdings in shares of Northern Trust Co. (NASDAQ:NTRSFree Report) by 11.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,279 shares of the asset manager’s stock after selling 161 shares during the quarter. Blue Trust Inc.’s holdings in Northern Trust were worth $108,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NTRS. Franklin Street Advisors Inc. NC bought a new stake in shares of Northern Trust in the 4th quarter worth approximately $209,000. Ballast Inc. lifted its stake in Northern Trust by 1.1% in the fourth quarter. Ballast Inc. now owns 12,208 shares of the asset manager’s stock valued at $1,030,000 after purchasing an additional 136 shares during the last quarter. IFG Advisory LLC lifted its stake in Northern Trust by 1.9% in the fourth quarter. IFG Advisory LLC now owns 10,327 shares of the asset manager’s stock valued at $871,000 after purchasing an additional 188 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in Northern Trust by 59.2% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 11,996 shares of the asset manager’s stock valued at $1,012,000 after purchasing an additional 4,460 shares during the last quarter. Finally, CVA Family Office LLC purchased a new position in Northern Trust in the fourth quarter valued at approximately $94,000. 83.19% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. UBS Group upped their price objective on Northern Trust from $72.00 to $84.00 and gave the company a “neutral” rating in a research note on Tuesday, January 9th. Jefferies Financial Group upgraded Northern Trust from a “hold” rating to a “buy” rating and upped their price objective for the company from $68.00 to $99.00 in a research note on Tuesday, January 9th. Barclays increased their target price on Northern Trust from $90.00 to $98.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 2nd. Morgan Stanley restated an “underweight” rating and set a $86.00 target price (up previously from $82.00) on shares of Northern Trust in a research report on Tuesday, January 30th. Finally, TheStreet upgraded Northern Trust from a “c+” rating to a “b-” rating in a research report on Friday, January 12th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $83.04.

Get Our Latest Stock Report on NTRS

Northern Trust Trading Up 0.4 %

Northern Trust stock opened at $87.93 on Thursday. The stock has a market cap of $17.94 billion, a P/E ratio of 17.31, a PEG ratio of 1.93 and a beta of 1.13. Northern Trust Co. has a fifty-two week low of $62.44 and a fifty-two week high of $90.59. The firm’s fifty day moving average price is $82.08 and its 200-day moving average price is $77.69. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.71 and a current ratio of 0.71.

Northern Trust (NASDAQ:NTRSGet Free Report) last released its quarterly earnings results on Thursday, January 18th. The asset manager reported $0.52 earnings per share for the quarter, missing the consensus estimate of $1.33 by ($0.81). The firm had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.71 billion. Northern Trust had a return on equity of 12.44% and a net margin of 9.14%. The company’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.65 EPS. Equities research analysts forecast that Northern Trust Co. will post 6.32 earnings per share for the current fiscal year.

Northern Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 8th were issued a $0.75 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $3.00 annualized dividend and a dividend yield of 3.41%. Northern Trust’s payout ratio is currently 59.06%.

Insider Transactions at Northern Trust

In related news, insider Steven L. Fradkin sold 30,392 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $80.11, for a total value of $2,434,703.12. Following the transaction, the insider now owns 55,707 shares of the company’s stock, valued at $4,462,687.77. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.64% of the company’s stock.

Northern Trust Profile

(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.

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

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