Walter & Keenan Wealth Management LLC IN ADV Sells 100 Shares of Northern Trust Co. (NASDAQ:NTRS)

Walter & Keenan Wealth Management LLC IN ADV decreased its position in shares of Northern Trust Co. (NASDAQ:NTRS) by 0.2% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 42,158 shares of the asset manager’s stock after selling 100 shares during the period. Northern Trust comprises about 1.3% of Walter & Keenan Wealth Management LLC IN ADV’s holdings, making the stock its 21st largest holding. Walter & Keenan Wealth Management LLC IN ADV’s holdings in Northern Trust were worth $4,321,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in NTRS. Allworth Financial LP raised its holdings in Northern Trust by 9.1% in the 3rd quarter. Allworth Financial LP now owns 1,170 shares of the asset manager’s stock worth $105,000 after purchasing an additional 98 shares during the period. Juncture Wealth Strategies LLC increased its position in Northern Trust by 2.4% in the fourth quarter. Juncture Wealth Strategies LLC now owns 4,212 shares of the asset manager’s stock worth $432,000 after buying an additional 100 shares in the last quarter. Ballentine Partners LLC raised its stake in shares of Northern Trust by 4.4% in the fourth quarter. Ballentine Partners LLC now owns 2,483 shares of the asset manager’s stock worth $255,000 after buying an additional 105 shares during the period. Pallas Capital Advisors LLC lifted 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 valued at $624,000 after buying an additional 107 shares in the last quarter. Finally, Mesirow Financial Investment Management Inc. grew its stake in shares of Northern Trust by 0.4% during the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 35,673 shares of the asset manager’s stock valued at $3,212,000 after acquiring an additional 127 shares during the period. Institutional investors own 83.19% of the company’s stock.

Wall Street Analysts Forecast Growth

NTRS has been the topic of several analyst reports. Truist Financial lifted their price target on shares of Northern Trust from $110.00 to $116.00 and gave the company a “hold” rating in a report on Friday, January 24th. Morgan Stanley lowered their target price on shares of Northern Trust from $127.00 to $125.00 and set an “equal weight” rating on the stock in a research note on Friday, January 3rd. Bank of America increased their price target on Northern Trust from $103.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Evercore ISI boosted their price objective on Northern Trust from $86.00 to $103.00 and gave the company an “in-line” rating in a research report on Thursday, October 24th. Finally, UBS Group increased their target price on Northern Trust from $110.00 to $114.00 and gave the stock a “neutral” rating in a research report on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $112.58.

Northern Trust Stock Down 0.3 %

NASDAQ NTRS opened at $113.51 on Monday. The stock has a 50 day moving average price of $106.44 and a 200-day moving average price of $98.43. Northern Trust Co. has a one year low of $76.67 and a one year high of $114.67. The company has a market capitalization of $22.50 billion, a P/E ratio of 11.61, a P/E/G ratio of 1.74 and a beta of 1.08. 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 (NASDAQ:NTRS) last issued 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 net margin of 12.77% and a return on equity of 13.74%. As a group, equities analysts predict that Northern Trust Co. will post 8.2 EPS for the current fiscal year.

Northern Trust Announces Dividend

The business 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. This represents a $3.00 annualized dividend and a dividend yield of 2.64%. The ex-dividend date is Friday, March 14th. Northern Trust’s payout ratio is 30.67%.

Insider Transactions at Northern Trust

In related news, Vice Chairman Steven L. Fradkin sold 9,100 shares of Northern Trust stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $111.00, for a total transaction of $1,010,100.00. Following the completion of the transaction, the insider now directly owns 47,797 shares of the company’s stock, valued at approximately $5,305,467. The trade was a 15.99 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John Landers sold 900 shares of the stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $111.44, for a total transaction of $100,296.00. Following the completion of the sale, the insider now directly owns 7,640 shares in the company, valued at $851,401.60. This trade represents a 10.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 40,631 shares of company stock worth $4,550,459. 0.64% of the stock is currently owned by company insiders.

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.