Northern Trust Co. (NASDAQ:NTRS) Holdings Raised by OLD National Bancorp IN

OLD National Bancorp IN increased its position in shares of Northern Trust Co. (NASDAQ:NTRS) by 5.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 7,264 shares of the asset manager’s stock after purchasing an additional 344 shares during the period. OLD National Bancorp IN’s holdings in Northern Trust were worth $745,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in NTRS. Empirical Asset Management LLC bought a new position in shares of Northern Trust in the 4th quarter worth about $33,000. Northwest Investment Counselors LLC acquired a new stake in Northern Trust during the third quarter worth about $39,000. Brooklyn Investment Group raised its stake in Northern Trust by 51.2% during the fourth quarter. Brooklyn Investment Group now owns 378 shares of the asset manager’s stock worth $39,000 after acquiring an additional 128 shares during the period. Capital Performance Advisors LLP acquired a new position in Northern Trust in the third quarter valued at approximately $48,000. Finally, Eastern Bank acquired a new position in Northern Trust in the third quarter valued at approximately $51,000. Institutional investors and hedge funds own 83.19% of the company’s stock.

Northern Trust Price Performance

Shares of NASDAQ:NTRS opened at $112.29 on Friday. The stock has a market cap of $22.26 billion, a price-to-earnings ratio of 11.48, a PEG ratio of 1.72 and a beta of 1.08. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.71. Northern Trust Co. has a 12 month low of $76.67 and a 12 month high of $114.21. The stock’s 50 day moving average price is $106.20 and its 200 day moving average price is $97.31.

Northern Trust (NASDAQ:NTRS) last posted its quarterly earnings data 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 return on equity of 13.74% and a net margin of 12.77%. Equities research analysts anticipate that Northern Trust Co. will post 8.2 earnings per share for the current fiscal year.

Northern Trust Announces Dividend

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 $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 2.67%. Northern Trust’s dividend payout ratio is currently 30.67%.

Analyst Ratings Changes

Several brokerages recently issued reports on NTRS. Morgan Stanley cut their price target on Northern Trust from $127.00 to $125.00 and set an “equal weight” rating on the stock in a report on Friday, January 3rd. Bank of America raised their target price on Northern Trust from $103.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. UBS Group upped their price target on shares of Northern Trust from $110.00 to $114.00 and gave the stock a “neutral” rating in a research report on Monday, January 27th. Barclays lifted their price objective on shares of Northern Trust from $115.00 to $118.00 and gave the company an “equal weight” rating in a research report on Monday, January 6th. Finally, Evercore ISI upped their target price on shares of Northern Trust from $86.00 to $103.00 and gave the stock an “in-line” rating in a research report on Thursday, October 24th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $112.58.

Insider Buying and Selling

In related news, insider Jason J. Tyler sold 2,237 shares of Northern Trust stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $112.67, for a total value of $252,042.79. Following the transaction, the insider now directly owns 58,449 shares in the company, valued at $6,585,448.83. The trade was a 3.69 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Peter Cherecwich sold 26,132 shares of the company’s stock in a transaction on Wednesday, January 29th. The shares were sold at an average price of $112.36, for a total value of $2,936,191.52. Following the sale, the chief operating officer now directly owns 26,586 shares of the company’s stock, valued at approximately $2,987,202.96. This represents a 49.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 58,622 shares of company stock worth $6,426,307 in the last ninety days. 0.64% of the stock is currently owned by corporate insiders.

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.