Rhumbline Advisers Has $36.18 Million Stake in Northern Trust Co. (NASDAQ:NTRS)

Rhumbline Advisers reduced its stake in shares of Northern Trust Co. (NASDAQ:NTRS) by 4.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 352,984 shares of the asset manager’s stock after selling 18,035 shares during the quarter. Rhumbline Advisers owned about 0.18% of Northern Trust worth $36,181,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of NTRS. Allworth Financial LP grew its holdings in Northern Trust by 9.1% during the third quarter. Allworth Financial LP now owns 1,170 shares of the asset manager’s stock valued at $105,000 after purchasing an additional 98 shares during the period. Juncture Wealth Strategies LLC grew its holdings in shares of Northern Trust by 2.4% in the 4th quarter. Juncture Wealth Strategies LLC now owns 4,212 shares of the asset manager’s stock valued at $432,000 after buying an additional 100 shares during the period. Ballentine Partners LLC increased its position in shares of Northern Trust by 4.4% in the 4th quarter. Ballentine Partners LLC now owns 2,483 shares of the asset manager’s stock valued at $255,000 after buying an additional 105 shares in the last quarter. Pallas Capital Advisors LLC raised its stake in Northern Trust by 1.8% during the 4th quarter. Pallas Capital Advisors LLC now owns 6,091 shares of the asset manager’s stock worth $624,000 after buying an additional 107 shares during the period. Finally, Mesirow Financial Investment Management Inc. lifted its holdings in Northern Trust by 0.4% during the third quarter. Mesirow Financial Investment Management Inc. now owns 35,673 shares of the asset manager’s stock worth $3,212,000 after acquiring an additional 127 shares in the last quarter. 83.19% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Wells Fargo & Company increased their price target on Northern Trust from $108.00 to $110.00 and gave the stock an “equal weight” rating in a report on Friday, November 15th. Barclays lifted their price target on shares of Northern Trust from $115.00 to $118.00 and gave the company an “equal weight” rating in a research note on Monday, January 6th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Northern Trust from $100.00 to $108.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. Evercore ISI boosted their price objective on shares of Northern Trust from $86.00 to $103.00 and gave the company an “in-line” rating in a research report on Thursday, October 24th. Finally, Royal Bank of Canada increased their target price on Northern Trust from $107.00 to $115.00 and gave the stock an “outperform” rating in a report on Friday, January 24th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $112.58.

Insiders Place Their Bets

In related news, Vice Chairman Steven L. Fradkin sold 9,100 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $111.00, for a total value of $1,010,100.00. Following the completion of the sale, the insider now directly owns 47,797 shares in the company, valued at approximately $5,305,467. The trade was a 15.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider John Landers sold 900 shares of the firm’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $111.44, for a total value of $100,296.00. Following the completion of the transaction, the insider now owns 7,640 shares in the company, valued at $851,401.60. The trade was a 10.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 40,631 shares of company stock worth $4,550,459 over the last three months. Insiders own 0.64% of the company’s stock.

Northern Trust Price Performance

NASDAQ:NTRS opened at $113.81 on Wednesday. The company has a quick ratio of 0.71, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. Northern Trust Co. has a 12-month low of $78.75 and a 12-month high of $114.67. The stock’s 50 day moving average price is $106.64 and its two-hundred day moving average price is $99.46. The firm has a market capitalization of $22.56 billion, a price-to-earnings ratio of 11.64, a P/E/G ratio of 1.74 and a beta of 1.08.

Northern Trust (NASDAQ:NTRS) last announced its quarterly earnings results on Thursday, January 23rd. The asset manager reported $2.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.96 by $0.30. Northern Trust had a return on equity of 13.74% and a net margin of 12.77%. On average, analysts anticipate that Northern Trust Co. will post 8.2 earnings per share for the current year.

Northern Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be paid a $0.75 dividend. The ex-dividend date is Friday, March 14th. This represents a $3.00 dividend on an annualized basis and a yield of 2.64%. Northern Trust’s dividend payout ratio (DPR) is currently 30.67%.

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.