Northern Trust Co. (NASDAQ:NTRS) Shares Bought by Assetmark Inc.

Assetmark Inc. boosted its holdings in Northern Trust Co. (NASDAQ:NTRS) by 528.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 377 shares of the asset manager’s stock after buying an additional 317 shares during the quarter. Assetmark Inc.’s holdings in Northern Trust were worth $39,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Y.D. More Investments Ltd lifted its holdings in shares of Northern Trust by 118.4% during the fourth quarter. Y.D. More Investments Ltd now owns 249 shares of the asset manager’s stock valued at $26,000 after purchasing an additional 135 shares during the last quarter. Empirical Asset Management LLC purchased a new stake in shares of Northern Trust in the 4th quarter valued at approximately $33,000. Brooklyn Investment Group lifted its holdings in shares of Northern Trust by 51.2% in the fourth quarter. Brooklyn Investment Group now owns 378 shares of the asset manager’s stock valued at $39,000 after purchasing an additional 128 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of Northern Trust in the fourth quarter valued at $51,000. Finally, Friedenthal Financial purchased a new stake in shares of Northern Trust in the fourth quarter valued at $57,000. 83.19% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on NTRS shares. Keefe, Bruyette & Woods increased 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 increased their price objective on Northern Trust from $110.00 to $116.00 and gave the stock a “hold” rating in a report on Friday, January 24th. StockNews.com lowered shares of Northern Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Royal Bank of Canada raised their price target on shares of Northern Trust from $107.00 to $115.00 and gave the company an “outperform” rating in a report on Friday, January 24th. Finally, Morgan Stanley cut their price target on shares of Northern Trust from $138.00 to $136.00 and set an “equal weight” rating on the stock in a report on Thursday, March 6th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $113.50.

Insider Activity at Northern Trust

In other Northern Trust news, insider Jason J. Tyler sold 2,237 shares of the stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $112.67, for a total transaction of $252,042.79. Following the sale, the insider now owns 58,449 shares of the company’s stock, valued at $6,585,448.83. This represents a 3.69 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Peter Cherecwich sold 26,132 shares of the stock in a transaction dated Wednesday, January 29th. The stock was sold at an average price of $112.36, for a total transaction of $2,936,191.52. Following the sale, the chief operating officer now directly owns 26,586 shares in the company, valued at approximately $2,987,202.96. This represents a 49.57 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 35,335 shares of company stock valued at $3,970,211 in the last ninety days. Insiders own 0.64% of the company’s stock.

Northern Trust Trading Up 1.9 %

Shares of NTRS opened at $97.88 on Friday. The firm has a market capitalization of $19.15 billion, a price-to-earnings ratio of 10.01, a P/E/G ratio of 1.72 and a beta of 1.07. 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 $79.32 and a 12-month high of $114.67. The stock’s 50-day moving average price is $107.74 and its 200 day moving average price is $102.16.

Northern Trust (NASDAQ:NTRS) last posted its quarterly earnings results on Thursday, January 23rd. The asset manager reported $2.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.96 by $0.30. Northern Trust had a net margin of 12.77% and a return on equity of 13.74%. As a group, research analysts predict that Northern Trust Co. will post 8.27 earnings per share for the current year.

Northern Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 3.06%. The ex-dividend date is Friday, March 14th. Northern Trust’s dividend payout ratio (DPR) is currently 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.