Choreo LLC Sells 639 Shares of Northern Trust Co. (NASDAQ:NTRS)

Choreo LLC decreased its holdings in Northern Trust Co. (NASDAQ:NTRS) by 12.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,574 shares of the asset manager’s stock after selling 639 shares during the period. Choreo LLC’s holdings in Northern Trust were worth $471,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in NTRS. Y.D. More Investments Ltd grew its holdings in 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 in the last quarter. Empirical Asset Management LLC bought a new position in shares of Northern Trust during the fourth quarter worth $33,000. Northwest Investment Counselors LLC purchased a new position in Northern Trust during the third quarter valued at $39,000. Brooklyn Investment Group increased its holdings in Northern Trust by 51.2% in the 4th quarter. Brooklyn Investment Group now owns 378 shares of the asset manager’s stock valued at $39,000 after acquiring an additional 128 shares during the last quarter. Finally, Capital Performance Advisors LLP purchased a new stake in Northern Trust in the 3rd quarter worth $48,000. Hedge funds and other institutional investors own 83.19% of the company’s stock.

Northern Trust Stock Performance

Shares of NASDAQ:NTRS opened at $110.42 on Wednesday. The company has a current ratio of 0.68, a quick ratio of 0.71 and a debt-to-equity ratio of 0.58. The firm’s 50-day moving average is $106.46 and its 200 day moving average is $98.67. Northern Trust Co. has a 12 month low of $76.67 and a 12 month high of $114.67. The company has a market capitalization of $21.89 billion, a price-to-earnings ratio of 11.29, a PEG ratio of 1.74 and a beta of 1.08.

Northern Trust (NASDAQ:NTRS) last issued its earnings results 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%. Research analysts predict that Northern Trust Co. will post 8.2 EPS for the current year.

Northern Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be paid a dividend of $0.75 per share. The ex-dividend date is Friday, March 14th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.72%. Northern Trust’s dividend payout ratio is presently 30.67%.

Insider Activity at Northern Trust

In other Northern Trust news, COO Peter Cherecwich sold 26,132 shares of Northern Trust stock in a transaction dated Wednesday, January 29th. The stock was sold at an average price of $112.36, for a total value of $2,936,191.52. Following the transaction, the chief operating officer now owns 26,586 shares in the company, valued at $2,987,202.96. The trade was a 49.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Vice Chairman Steven L. Fradkin sold 9,100 shares of the stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $111.00, for a total transaction of $1,010,100.00. Following the sale, the insider now directly owns 47,797 shares of the company’s stock, valued at approximately $5,305,467. The trade was a 15.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 40,631 shares of company stock valued at $4,550,459 over the last ninety days. 0.64% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on NTRS. Truist Financial raised their price objective on Northern Trust from $110.00 to $116.00 and gave the company a “hold” rating in a research report on Friday, January 24th. Evercore ISI lifted their price objective on Northern Trust from $86.00 to $103.00 and gave the stock an “in-line” rating in a research note on Thursday, October 24th. Keefe, Bruyette & Woods increased their target price on Northern Trust from $113.00 to $122.00 and gave the company a “market perform” rating in a research report on Friday, January 24th. Barclays raised their target price on shares of Northern Trust from $115.00 to $118.00 and gave the company an “equal weight” rating in a report on Monday, January 6th. Finally, The Goldman Sachs Group upped their price target on shares of Northern Trust from $92.00 to $102.00 and gave the company a “sell” rating in a research note on Friday, January 24th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $112.58.

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.