Mather Group LLC. Increases Position in Northern Trust Co. (NASDAQ:NTRS)

Mather Group LLC. lifted its holdings in shares of Northern Trust Co. (NASDAQ:NTRS) by 18.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,062 shares of the asset manager’s stock after acquiring an additional 791 shares during the quarter. Mather Group LLC.’s holdings in Northern Trust were worth $427,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Wellington Management Group LLP boosted its holdings in shares of Northern Trust by 140.2% in the 4th quarter. Wellington Management Group LLP now owns 5,802,792 shares of the asset manager’s stock worth $489,640,000 after buying an additional 3,387,002 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Northern Trust by 31.2% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 6,533,855 shares of the asset manager’s stock valued at $551,327,000 after acquiring an additional 1,553,783 shares during the last quarter. Confluence Investment Management LLC bought a new position in shares of Northern Trust during the 1st quarter valued at approximately $105,665,000. Norges Bank purchased a new stake in shares of Northern Trust during the 4th quarter worth approximately $90,532,000. Finally, Primecap Management Co. CA raised its holdings in shares of Northern Trust by 6.1% in the 4th quarter. Primecap Management Co. CA now owns 6,891,902 shares of the asset manager’s stock worth $581,539,000 after purchasing an additional 394,855 shares during the period. 83.19% of the stock is currently owned by institutional investors.

Insider Transactions at Northern Trust

In related news, insider Peter Cherecwich sold 12,000 shares of the business’s stock in a transaction dated Wednesday, May 15th. The stock was 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 directly owns 31,471 shares in the company, valued at $2,740,809.39. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, insider Peter Cherecwich sold 12,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $87.09, for a total value of $1,045,080.00. Following the sale, the insider now directly owns 31,471 shares of the company’s stock, valued at $2,740,809.39. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Steven L. Fradkin sold 4,097 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 46,078 shares of the company’s stock, 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 Stock Down 0.9 %

Shares of NASDAQ NTRS opened at $82.16 on Friday. The business has a 50-day simple moving average of $83.49 and a two-hundred day simple moving average of $83.06. Northern Trust Co. has a 52 week low of $62.44 and a 52 week high of $89.25. The company has a market cap of $16.81 billion, a P/E ratio of 18.14, a P/E/G ratio of 1.18 and a beta of 1.10. 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:NTRS) last released its quarterly earnings data on Tuesday, April 16th. The asset manager reported $1.70 EPS for the quarter, beating analysts’ consensus estimates of $1.47 by $0.23. The company had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.79 billion. Northern Trust had a net margin of 7.59% and a return on equity of 12.57%. Research analysts anticipate that Northern Trust Co. will post 6.85 earnings per share for the current fiscal year.

Northern Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 7th will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Friday, June 7th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 3.65%. Northern Trust’s dividend payout ratio (DPR) is currently 66.23%.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Evercore ISI increased their price objective on Northern Trust from $86.00 to $87.00 and gave the company an “in-line” rating in a report on Thursday, April 4th. Jefferies Financial Group increased their price target on Northern Trust from $101.00 to $103.00 and gave the stock a “buy” rating in a research note on Thursday, April 18th. Finally, Bank of America boosted their price objective on Northern Trust from $93.00 to $101.00 and gave the company a “buy” rating in a research note on Wednesday, April 17th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Northern Trust presently has a consensus rating of “Hold” and a consensus price target of $85.82.

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.