Farther Finance Advisors LLC Has $226,000 Stock Holdings in Northern Trust Corporation (NASDAQ:NTRS)

Farther Finance Advisors LLC lessened its position in Northern Trust Corporation (NASDAQ:NTRS) by 22.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,308 shares of the asset manager’s stock after selling 675 shares during the quarter. Farther Finance Advisors LLC’s holdings in Northern Trust were worth $226,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of NTRS. Norges Bank acquired a new stake in Northern Trust in the 4th quarter valued at approximately $83,550,000. Royal Bank of Canada raised its position in Northern Trust by 60.2% in the 4th quarter. Royal Bank of Canada now owns 1,497,484 shares of the asset manager’s stock valued at $153,493,000 after buying an additional 562,976 shares during the last quarter. Cerity Partners LLC raised its position in Northern Trust by 451.9% in the 4th quarter. Cerity Partners LLC now owns 555,631 shares of the asset manager’s stock valued at $56,866,000 after buying an additional 454,956 shares during the last quarter. Raiffeisen Bank International AG acquired a new stake in Northern Trust in the 4th quarter valued at approximately $46,197,000. Finally, GAMMA Investing LLC raised its position in Northern Trust by 10,340.5% in the 1st quarter. GAMMA Investing LLC now owns 445,602 shares of the asset manager’s stock valued at $43,959,000 after buying an additional 441,334 shares during the last quarter. Institutional investors and hedge funds own 83.19% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on NTRS shares. Evercore ISI dropped their target price on Northern Trust from $104.00 to $100.00 and set an “in-line” rating on the stock in a research report on Wednesday, April 23rd. Wells Fargo & Company lowered their price target on Northern Trust from $118.00 to $111.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 23rd. Wall Street Zen lowered Northern Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Citigroup lowered their price target on Northern Trust from $110.00 to $105.00 and set a “neutral” rating on the stock in a research report on Monday, March 24th. Finally, Morgan Stanley reaffirmed an “underweight” rating and set a $103.00 price target (up previously from $101.00) on shares of Northern Trust in a research report on Tuesday, June 3rd. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $108.42.

Northern Trust Stock Performance

Shares of NASDAQ NTRS opened at $110.98 on Thursday. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.57. Northern Trust Corporation has a 12 month low of $80.81 and a 12 month high of $114.67. The stock has a 50 day moving average of $100.95 and a 200-day moving average of $103.23. The company has a market capitalization of $21.59 billion, a P/E ratio of 10.35, a P/E/G ratio of 1.66 and a beta of 1.22.

Northern Trust (NASDAQ:NTRS) last issued its earnings results on Tuesday, April 22nd. The asset manager reported $1.90 EPS for the quarter, topping the consensus estimate of $1.85 by $0.05. Northern Trust had a return on equity of 13.73% and a net margin of 13.93%. The company had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.95 billion. As a group, equities research analysts predict that Northern Trust Corporation will post 8.27 EPS for the current year.

Northern Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 6th will be paid a $0.75 dividend. The ex-dividend date is Friday, June 6th. This represents a $3.00 annualized dividend and a yield of 2.70%. Northern Trust’s dividend payout ratio (DPR) is presently 27.99%.

Insider Activity at Northern Trust

In other news, insider Teresa Parker sold 6,467 shares of the company’s stock in a transaction on Friday, May 9th. The stock was sold at an average price of $100.62, for a total transaction of $650,709.54. Following the completion of the sale, the insider now directly owns 79,391 shares in the company, valued at approximately $7,988,322.42. This represents a 7.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Clive Bellows sold 3,300 shares of the company’s stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $99.95, for a total value of $329,835.00. Following the sale, the executive vice president now owns 28,736 shares of the company’s stock, valued at approximately $2,872,163.20. The trade was a 10.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,772 shares of company stock worth $981,069 in the last ninety days. 0.77% of the stock is owned by company insiders.

About Northern Trust

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.