New Age Alpha Advisors LLC Invests $1.05 Million in Northern Trust Co. (NASDAQ:NTRS)

New Age Alpha Advisors LLC bought a new stake in Northern Trust Co. (NASDAQ:NTRS) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 10,256 shares of the asset manager’s stock, valued at approximately $1,051,000.

Other institutional investors also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Northern Trust during the 4th quarter worth about $83,550,000. KBC Group NV increased its stake in Northern Trust by 201.6% in the fourth quarter. KBC Group NV now owns 963,811 shares of the asset manager’s stock valued at $98,791,000 after purchasing an additional 644,261 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Northern Trust by 9.9% during the third quarter. JPMorgan Chase & Co. now owns 4,296,442 shares of the asset manager’s stock worth $386,809,000 after purchasing an additional 388,692 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its position in shares of Northern Trust by 62.8% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 678,461 shares of the asset manager’s stock worth $69,542,000 after buying an additional 261,797 shares during the last quarter. Finally, Teacher Retirement System of Texas boosted its holdings in shares of Northern Trust by 49.2% in the 4th quarter. Teacher Retirement System of Texas now owns 359,304 shares of the asset manager’s stock valued at $36,829,000 after buying an additional 118,544 shares in the last quarter. Hedge funds and other institutional investors own 83.19% of the company’s stock.

Northern Trust Stock Up 1.5 %

Shares of Northern Trust stock opened at $98.65 on Tuesday. The company has a market cap of $19.31 billion, a P/E ratio of 10.09, a PEG ratio of 1.72 and a beta of 1.07. The firm has a fifty day moving average of $106.88 and a two-hundred day moving average of $103.07. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.71 and a current ratio of 0.68. Northern Trust Co. has a one year low of $79.32 and a one year high of $114.67.

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%. On average, analysts forecast that Northern Trust Co. will post 8.27 earnings per share for the current year.

Northern Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be paid a $0.75 dividend. The ex-dividend date is Friday, March 14th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 3.04%. Northern Trust’s dividend payout ratio (DPR) is presently 30.67%.

Insider Buying and Selling

In related news, insider Jason J. Tyler sold 2,237 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 58,449 shares of the company’s stock, valued at $6,585,448.83. This trade represents a 3.69 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Peter Cherecwich sold 26,132 shares of Northern Trust stock in a transaction on Wednesday, January 29th. The stock was sold at an average price of $112.36, for a total value of $2,936,191.52. Following the transaction, the chief operating officer now directly owns 26,586 shares of the company’s stock, valued at $2,987,202.96. This trade represents a 49.57 % decrease in their position. 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 quarter. Company insiders own 0.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on NTRS. The Goldman Sachs Group lifted their price target on shares of Northern Trust from $92.00 to $102.00 and gave the stock a “sell” rating in a research note on Friday, January 24th. Keefe, Bruyette & Woods boosted their target price on Northern Trust from $113.00 to $122.00 and gave the company a “market perform” rating in a report on Friday, January 24th. Truist Financial raised their price target on Northern Trust from $110.00 to $116.00 and gave the stock a “hold” rating in a research note on Friday, January 24th. Citigroup reduced their price objective on Northern Trust from $110.00 to $105.00 and set a “neutral” rating for the company in a research note on Monday, March 24th. Finally, Royal Bank of Canada raised their target price on shares of Northern Trust from $107.00 to $115.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Northern Trust has a consensus rating of “Hold” and an average target price of $113.46.

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.