Fifth Third Wealth Advisors LLC Buys Shares of 2,081 Northern Trust Co. (NASDAQ:NTRS)

Fifth Third Wealth Advisors LLC purchased a new position in shares of Northern Trust Co. (NASDAQ:NTRS) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 2,081 shares of the asset manager’s stock, valued at approximately $213,000.

Other institutional investors have also recently made changes to their positions in the company. Pallas Capital Advisors LLC increased its position in shares of Northern Trust by 1.8% during the 4th quarter. Pallas Capital Advisors LLC now owns 6,091 shares of the asset manager’s stock worth $624,000 after purchasing an additional 107 shares during the last quarter. Friedenthal Financial purchased a new position in Northern Trust during the fourth quarter worth about $57,000. Forza Wealth Management LLC acquired a new stake in shares of Northern Trust during the fourth quarter valued at about $221,000. Cooper Financial Group raised its stake in shares of Northern Trust by 5.9% in the 4th quarter. Cooper Financial Group now owns 2,478 shares of the asset manager’s stock valued at $254,000 after acquiring an additional 139 shares during the period. Finally, Agate Pass Investment Management LLC acquired a new position in shares of Northern Trust in the 4th quarter worth approximately $538,000. Hedge funds and other institutional investors own 83.19% of the company’s stock.

Insider Buying and Selling

In related news, Vice Chairman Steven L. Fradkin sold 27,874 shares of the business’s stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $100.50, for a total transaction of $2,801,337.00. Following the completion of the sale, the insider now owns 46,078 shares in the company, valued at $4,630,839. The trade was a 37.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Thomas A. South sold 5,000 shares of the stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $105.80, for a total transaction of $529,000.00. Following the completion of the transaction, the executive vice president now owns 49,756 shares in the company, valued at $5,264,184.80. This represents a 9.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 82,151 shares of company stock worth $8,489,889. Corporate insiders own 0.64% of the company’s stock.

Northern Trust Stock Up 0.4 %

NTRS stock opened at $106.87 on Friday. The company’s 50 day moving average price is $105.73 and its 200 day moving average price is $95.73. The firm has a market capitalization of $21.18 billion, a price-to-earnings ratio of 13.29, a PEG ratio of 1.06 and a beta of 1.08. Northern Trust Co. has a fifty-two week low of $76.67 and a fifty-two week high of $111.87. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.71 and a current ratio of 0.71.

Northern Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 1st. Stockholders of record on Friday, December 6th were given a dividend of $0.75 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $3.00 annualized dividend and a dividend yield of 2.81%. Northern Trust’s dividend payout ratio (DPR) is currently 37.31%.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. StockNews.com lowered Northern Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, January 14th. Truist Financial began coverage on Northern Trust in a report on Tuesday, January 7th. They issued a “hold” rating and a $110.00 price objective on the stock. UBS Group increased their target price on Northern Trust from $86.00 to $92.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 8th. Royal Bank of Canada lifted their target price on Northern Trust from $100.00 to $107.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Finally, Wells Fargo & Company increased their price target on shares of Northern Trust from $108.00 to $110.00 and gave the stock an “equal weight” rating in a research report on Friday, November 15th. One equities research 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. According to data from MarketBeat, Northern Trust has an average rating of “Hold” and a consensus price target of $107.17.

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.