Northern Trust Co. (NASDAQ:NTRS) Stock Holdings Decreased by Appleton Partners Inc. MA

Appleton Partners Inc. MA decreased its stake in shares of Northern Trust Co. (NASDAQ:NTRSFree Report) by 5.1% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,515 shares of the asset manager’s stock after selling 135 shares during the period. Appleton Partners Inc. MA’s holdings in Northern Trust were worth $224,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the company. Spartan Planning & Wealth Management grew its position in shares of Northern Trust by 10,566.7% during the fourth quarter. Spartan Planning & Wealth Management now owns 320 shares of the asset manager’s stock worth $27,000 after acquiring an additional 317 shares during the last quarter. Fortitude Family Office LLC acquired a new stake in shares of Northern Trust during the fourth quarter worth $28,000. Quent Capital LLC boosted its holdings in shares of Northern Trust by 77.8% during the fourth 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. Allworth Financial LP grew its position in Northern Trust by 94.1% during the fourth 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. Finally, Covestor Ltd increased its stake in Northern Trust by 147.5% in the 3rd quarter. Covestor Ltd now owns 604 shares of the asset manager’s stock valued at $42,000 after buying an additional 360 shares during the period. 83.19% of the stock is currently owned by institutional investors and hedge funds.

Northern Trust Stock Performance

NTRS stock traded up $0.25 during mid-day trading on Tuesday, reaching $82.33. 164,245 shares of the stock traded hands, compared to its average volume of 1,392,517. The firm has a market capitalization of $16.84 billion, a PE ratio of 18.12, a P/E/G ratio of 1.16 and a beta of 1.10. The business has a 50-day moving average of $83.70 and a two-hundred day moving average of $83.05. Northern Trust Co. has a 52 week low of $62.44 and a 52 week high of $89.25. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.61.

Northern Trust (NASDAQ:NTRSGet Free Report) last released its earnings results on Tuesday, April 16th. The asset manager reported $1.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.47 by $0.23. Northern Trust had a return on equity of 12.57% and a net margin of 7.59%. The firm had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.79 billion. As a group, equities analysts predict that Northern Trust Co. will post 6.85 EPS for the current fiscal year.

Northern Trust Announces Dividend

The business 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 $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 3.64%. The ex-dividend date of this dividend is Friday, June 7th. Northern Trust’s dividend payout ratio (DPR) is presently 66.23%.

Analysts Set New Price Targets

NTRS has been the subject of a number of research reports. Jefferies Financial Group lifted their price objective on Northern Trust from $101.00 to $103.00 and gave the company a “buy” rating in a research report on Thursday, April 18th. Evercore ISI increased their price objective on Northern Trust from $86.00 to $87.00 and gave the stock an “in-line” rating in a report on Thursday, April 4th. Finally, Bank of America lifted their target price on shares of Northern Trust from $93.00 to $101.00 and gave the company a “buy” rating in a research note on Wednesday, April 17th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $85.82.

View Our Latest Stock Analysis on Northern Trust

Insider Buying and Selling at Northern Trust

In other news, insider Peter Cherecwich sold 12,000 shares of the company’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $87.09, for a total transaction of $1,045,080.00. Following the completion of the transaction, the insider now owns 31,471 shares of the company’s stock, valued at $2,740,809.39. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Peter Cherecwich sold 12,000 shares of the company’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $87.09, for a total value of $1,045,080.00. Following the completion of the transaction, the insider now directly owns 31,471 shares in the company, valued at $2,740,809.39. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Steven L. Fradkin sold 4,097 shares of Northern Trust stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $82.56, for a total transaction of $338,248.32. Following the sale, the insider now owns 46,078 shares in the company, valued at approximately $3,804,199.68. The disclosure for this sale can be found here. 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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