Lindbrook Capital LLC Acquires 355 Shares of Northern Trust Co. (NASDAQ:NTRS)

Lindbrook Capital LLC increased its holdings in Northern Trust Co. (NASDAQ:NTRS) by 70.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 860 shares of the asset manager’s stock after acquiring an additional 355 shares during the quarter. Lindbrook Capital LLC’s holdings in Northern Trust were worth $73,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Fortitude Family Office LLC bought a new stake in Northern Trust during the 4th quarter valued at about $28,000. Quent Capital LLC increased its stake in Northern Trust by 77.8% during the 4th quarter. Quent Capital LLC now owns 361 shares of the asset manager’s stock valued at $30,000 after purchasing an additional 158 shares in the last quarter. Allworth Financial LP increased its stake in Northern Trust by 94.1% during the 4th quarter. Allworth Financial LP now owns 359 shares of the asset manager’s stock valued at $30,000 after purchasing an additional 174 shares in the last quarter. Hexagon Capital Partners LLC increased its stake in Northern Trust by 306.3% during the 3rd quarter. Hexagon Capital Partners LLC now owns 581 shares of the asset manager’s stock valued at $40,000 after purchasing an additional 438 shares in the last quarter. Finally, Covestor Ltd grew its stake in shares of Northern Trust by 147.5% in the third quarter. Covestor Ltd now owns 604 shares of the asset manager’s stock worth $42,000 after acquiring an additional 360 shares during the period. 83.19% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Northern Trust

In other Northern Trust news, insider Steven L. Fradkin sold 30,392 shares of Northern Trust stock in a transaction that occurred 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 transaction, the insider now 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 is available through the SEC website. Insiders own 0.64% of the company’s stock.

Northern Trust Price Performance

Shares of NASDAQ:NTRS opened at $84.30 on Thursday. 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 1-year low of $62.44 and a 1-year high of $89.25. The company has a market capitalization of $17.20 billion, a P/E ratio of 18.61, a P/E/G ratio of 1.21 and a beta of 1.13. The firm’s 50 day simple moving average is $83.55 and its two-hundred day simple moving average is $79.38.

Northern Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 7th will be issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 3.56%. The ex-dividend date is Friday, June 7th. Northern Trust’s dividend payout ratio is currently 66.23%.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. UBS Group lifted their price target on shares of Northern Trust from $72.00 to $84.00 and gave the stock a “neutral” rating in a research note 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 stock an “outperform” rating in a research note on Friday, January 19th. 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. Barclays lifted their price target on shares of Northern Trust from $90.00 to $98.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 2nd. Finally, Jefferies Financial Group lifted their price target 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. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Northern Trust currently has a consensus rating of “Hold” and an average price target of $84.92.

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.