UMB Bank n.a. Reduces Holdings in Northern Trust Co. (NASDAQ:NTRS)

UMB Bank n.a. trimmed its stake in Northern Trust Co. (NASDAQ:NTRS) by 20.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,800 shares of the asset manager’s stock after selling 1,250 shares during the period. UMB Bank n.a.’s holdings in Northern Trust were worth $405,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Independence Bank of Kentucky lifted its position in shares of Northern Trust by 342.9% in the 4th quarter. Independence Bank of Kentucky now owns 775 shares of the asset manager’s stock worth $65,000 after purchasing an additional 600 shares during the period. Oak Thistle LLC purchased a new stake in shares of Northern Trust in the 4th quarter worth about $2,122,000. Perfromance Wealth Partners LLC purchased a new stake in shares of Northern Trust in the 4th quarter worth about $241,000. Fifth Third Bancorp lifted its position in shares of Northern Trust by 10.8% in the 4th quarter. Fifth Third Bancorp now owns 10,359 shares of the asset manager’s stock worth $874,000 after purchasing an additional 1,013 shares during the period. Finally, Quent Capital LLC lifted its position in shares of Northern Trust by 77.8% in the 4th quarter. Quent Capital LLC now owns 361 shares of the asset manager’s stock worth $30,000 after purchasing an additional 158 shares during the period. 83.19% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

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

Analysts Set New Price Targets

Several research analysts recently issued reports on NTRS shares. Wolfe Research lowered shares of Northern Trust from a “peer perform” rating to an “underperform” rating and set a $85.00 price target for the company. in a research note on Wednesday, January 3rd. UBS Group raised their price objective on shares of Northern Trust from $72.00 to $84.00 and gave the stock a “neutral” rating in a report on Tuesday, January 9th. Royal Bank of Canada lifted their price target on shares of Northern Trust from $82.00 to $86.00 and gave the company an “outperform” rating in a report on Friday, January 19th. Barclays boosted their target price on shares of Northern Trust from $90.00 to $98.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 2nd. Finally, TheStreet upgraded shares of Northern Trust from a “c+” rating to a “b-” rating in a research report on Friday, January 12th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $84.21.

Northern Trust Stock Down 1.5 %

Shares of NTRS opened at $86.57 on Friday. The firm has a market capitalization of $17.66 billion, a P/E ratio of 17.04, a P/E/G ratio of 1.91 and a beta of 1.13. Northern Trust Co. has a 12-month low of $62.44 and a 12-month high of $90.59. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.62. The firm has a fifty day moving average price of $82.22 and a 200-day moving average price of $77.76.

Northern Trust (NASDAQ:NTRS) last issued its earnings results on Thursday, January 18th. The asset manager reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.81). The company had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.71 billion. Northern Trust had a net margin of 9.14% and a return on equity of 12.44%. The firm’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.65 earnings per share. Equities research analysts expect that Northern Trust Co. will post 6.36 earnings per share for the current year.

Northern Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 8th were paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 3.47%. The ex-dividend date was Thursday, March 7th. Northern Trust’s dividend payout ratio is currently 59.06%.

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.