Sanctuary Advisors LLC Lowers Stock Holdings in Northern Trust Co. (NASDAQ:NTRS)

Sanctuary Advisors LLC reduced its position in Northern Trust Co. (NASDAQ:NTRS) by 4.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 16,837 shares of the asset manager’s stock after selling 729 shares during the period. Sanctuary Advisors LLC’s holdings in Northern Trust were worth $1,898,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NTRS. Y.D. More Investments Ltd grew its stake in shares of Northern Trust by 118.4% during the 4th quarter. Y.D. More Investments Ltd now owns 249 shares of the asset manager’s stock valued at $26,000 after buying an additional 135 shares during the period. Empirical Asset Management LLC purchased a new stake in shares of Northern Trust during the 4th quarter valued at $33,000. Brooklyn Investment Group grew its stake in shares of Northern Trust by 51.2% during the 4th quarter. Brooklyn Investment Group now owns 378 shares of the asset manager’s stock valued at $39,000 after buying an additional 128 shares during the period. Capital Performance Advisors LLP purchased a new stake in shares of Northern Trust during the 3rd quarter valued at $48,000. Finally, Eastern Bank purchased a new stake in shares of Northern Trust during the 3rd quarter valued at $51,000. 83.19% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

NTRS has been the subject of several research reports. Royal Bank of Canada boosted their price objective on shares of Northern Trust from $107.00 to $115.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. Keefe, Bruyette & Woods upped their price target on shares of Northern Trust from $113.00 to $122.00 and gave the stock a “market perform” rating in a research report on Friday, January 24th. Truist Financial upped their price target on shares of Northern Trust from $110.00 to $116.00 and gave the stock a “hold” rating in a research report on Friday, January 24th. Morgan Stanley decreased their price target on shares of Northern Trust from $127.00 to $125.00 and set an “equal weight” rating for the company in a research report on Friday, January 3rd. Finally, UBS Group upped their price target on shares of Northern Trust from $110.00 to $114.00 and gave the stock a “neutral” rating in a research report on Monday, January 27th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Northern Trust has an average rating of “Hold” and a consensus price target of $112.58.

Insider Activity

In related news, EVP Thomas A. South sold 3,804 shares of the stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $113.00, for a total transaction of $429,852.00. Following the sale, the executive vice president now owns 81,794 shares in the company, valued at $9,242,722. This represents a 4.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Vice Chairman Steven L. Fradkin sold 9,100 shares of the stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $111.00, for a total transaction of $1,010,100.00. Following the sale, the insider now owns 47,797 shares in the company, valued at approximately $5,305,467. This trade represents a 15.99 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 44,435 shares of company stock worth $4,980,311. 0.64% of the stock is currently owned by corporate insiders.

Northern Trust Stock Performance

Shares of NTRS stock opened at $112.97 on Monday. Northern Trust Co. has a 12 month low of $79.30 and a 12 month high of $114.67. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.71. The firm has a market capitalization of $22.39 billion, a P/E ratio of 11.55, a P/E/G ratio of 1.72 and a beta of 1.08. The company’s fifty day moving average price is $107.25 and its two-hundred day moving average price is $100.31.

Northern Trust (NASDAQ:NTRS) last issued its quarterly earnings data on Thursday, January 23rd. The asset manager reported $2.26 EPS for the quarter, topping analysts’ consensus estimates of $1.96 by $0.30. Northern Trust had a net margin of 12.77% and a return on equity of 13.74%. On average, research analysts anticipate that Northern Trust Co. will post 8.27 earnings per share for the current fiscal year.

Northern Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders 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 dividend yield of 2.66%. Northern Trust’s dividend payout ratio (DPR) is presently 30.67%.

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.