Steward Partners Investment Advisory LLC Has $61,000 Stock Holdings in Northern Trust Co. (NASDAQ:NTRS)

Steward Partners Investment Advisory LLC boosted its position in Northern Trust Co. (NASDAQ:NTRS) by 29.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 597 shares of the asset manager’s stock after buying an additional 137 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Northern Trust were worth $61,000 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. CIBC Asset Management Inc raised its position in Northern Trust by 6.0% in the 3rd quarter. CIBC Asset Management Inc now owns 34,598 shares of the asset manager’s stock valued at $3,115,000 after buying an additional 1,949 shares during the last quarter. Empowered Funds LLC raised its position in Northern Trust by 7.7% in the 3rd quarter. Empowered Funds LLC now owns 4,094 shares of the asset manager’s stock valued at $369,000 after buying an additional 293 shares during the last quarter. Natixis Advisors LLC raised its position in Northern Trust by 31.6% in the 3rd quarter. Natixis Advisors LLC now owns 81,774 shares of the asset manager’s stock valued at $7,362,000 after buying an additional 19,655 shares during the last quarter. Aviance Capital Partners LLC raised its position in Northern Trust by 11.8% in the 3rd quarter. Aviance Capital Partners LLC now owns 11,652 shares of the asset manager’s stock valued at $1,049,000 after buying an additional 1,226 shares during the last quarter. Finally, Pathstone Holdings LLC raised its position in Northern Trust by 2.6% in the 3rd quarter. Pathstone Holdings LLC now owns 15,936 shares of the asset manager’s stock valued at $1,437,000 after buying an additional 402 shares during the last quarter. Institutional investors and hedge funds own 83.19% of the company’s stock.

Insider Transactions at Northern Trust

In related news, EVP Thomas A. South sold 3,804 shares of the business’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $113.00, for a total transaction of $429,852.00. Following the sale, 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 position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider John Landers sold 900 shares of the business’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $111.44, for a total value of $100,296.00. Following the sale, the insider now owns 7,640 shares in the company, valued at $851,401.60. This represents a 10.54 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 35,335 shares of company stock valued at $3,970,211. Corporate insiders own 0.64% of the company’s stock.

Analyst Ratings Changes

NTRS has been the subject of a number of analyst reports. Barclays raised their price target on Northern Trust from $115.00 to $118.00 and gave the company an “equal weight” rating in a research note on Monday, January 6th. The Goldman Sachs Group raised their price target 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 downgraded Northern Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. UBS Group raised their price target on Northern Trust from $110.00 to $114.00 and gave the company a “neutral” rating in a research note on Monday, January 27th. Finally, Truist Financial raised their price target on Northern Trust from $110.00 to $116.00 and gave the company a “hold” rating in a research note on Friday, January 24th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $113.50.

Northern Trust Price Performance

Shares of NASDAQ NTRS opened at $98.28 on Wednesday. The stock has a market capitalization of $19.23 billion, a PE ratio of 10.05, a P/E/G ratio of 1.72 and a beta of 1.07. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.71. The business has a fifty day moving average price of $107.56 and a two-hundred day moving average price of $102.37. Northern Trust Co. has a fifty-two week low of $79.32 and a fifty-two week high of $114.67.

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

Northern Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be issued 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 3.05%. Northern Trust’s dividend payout ratio (DPR) is currently 30.67%.

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.