Atria Investments Inc Boosts Stake in Northern Trust Co. (NASDAQ:NTRS)

Atria Investments Inc increased its stake in shares of Northern Trust Co. (NASDAQ:NTRS) by 9.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,385 shares of the asset manager’s stock after buying an additional 293 shares during the quarter. Atria Investments Inc’s holdings in Northern Trust were worth $347,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Y.D. More Investments Ltd grew its stake 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 purchasing an additional 135 shares during the last quarter. Empirical Asset Management LLC acquired a new stake in shares of Northern Trust during the fourth quarter worth about $33,000. Brooklyn Investment Group boosted its position in 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 buying an additional 128 shares during the last quarter. Assetmark Inc. increased its holdings in Northern Trust by 528.3% in the 4th quarter. Assetmark Inc. now owns 377 shares of the asset manager’s stock worth $39,000 after buying an additional 317 shares during the period. Finally, Proficio Capital Partners LLC purchased a new position in Northern Trust during the 4th quarter worth approximately $51,000. 83.19% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Northern Trust

In other news, EVP Jane Karpinski sold 2,262 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $111.33, for a total value of $251,828.46. Following the completion of the sale, the executive vice president now directly owns 17,236 shares in the company, valued at $1,918,883.88. This represents a 11.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Thomas A. South sold 3,804 shares of the business’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $113.00, for a total transaction of $429,852.00. Following the transaction, the executive vice president now owns 81,794 shares in the company, valued at $9,242,722. The trade was a 4.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 35,335 shares of company stock valued at $3,970,211 over the last ninety days. Insiders own 0.64% of the company’s stock.

Analysts Set New Price Targets

NTRS has been the topic of a number of research reports. Royal Bank of Canada increased their price objective on shares of Northern Trust from $107.00 to $115.00 and gave the stock an “outperform” rating in a research note on Friday, January 24th. The Goldman Sachs Group lifted their price objective on Northern Trust from $92.00 to $102.00 and gave the company a “sell” rating in a research note on Friday, January 24th. StockNews.com lowered Northern Trust from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Morgan Stanley decreased their price target on Northern Trust from $138.00 to $136.00 and set an “equal weight” rating for the company in a report on Thursday, March 6th. Finally, Truist Financial raised their price objective on shares of Northern Trust from $110.00 to $116.00 and gave the stock a “hold” rating in a research note on Friday, January 24th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $113.50.

Northern Trust Price Performance

Shares of NASDAQ NTRS opened at $97.88 on Monday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.71 and a current ratio of 0.68. The firm has a fifty day moving average of $107.74 and a 200 day moving average of $102.25. The firm has a market cap of $19.15 billion, a PE ratio of 10.01, a PEG ratio of 1.72 and a beta of 1.07. Northern Trust Co. has a one year low of $79.32 and a one year high of $114.67.

Northern Trust (NASDAQ:NTRS) last released 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%. As a group, research analysts predict that Northern Trust Co. will post 8.27 EPS for the current fiscal year.

Northern Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be given a $0.75 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $3.00 annualized dividend and a dividend yield of 3.06%. Northern Trust’s dividend payout ratio (DPR) is presently 30.67%.

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.