Kintegral Advisory LLC Has $1.13 Million Stock Position in Northern Trust Co. (NASDAQ:NTRS)

Kintegral Advisory LLC lowered its holdings in shares of Northern Trust Co. (NASDAQ:NTRS) by 4.5% in the fourth quarter, HoldingsChannel reports. The firm owned 10,906 shares of the asset manager’s stock after selling 508 shares during the period. Kintegral Advisory LLC’s holdings in Northern Trust were worth $1,126,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Y.D. More Investments Ltd boosted its stake in shares of Northern Trust by 118.4% during the 4th quarter. Y.D. More Investments Ltd now owns 249 shares of the asset manager’s stock worth $26,000 after acquiring an additional 135 shares during the period. Empirical Asset Management LLC acquired a new stake in Northern Trust during the 4th quarter valued at $33,000. Brooklyn Investment Group boosted its position 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 purchasing an additional 128 shares during the period. Capital Performance Advisors LLP acquired a new position in shares of Northern Trust in the third quarter valued at $48,000. Finally, Eastern Bank bought a new position in shares of Northern Trust in the third quarter valued at about $51,000. Institutional investors own 83.19% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on NTRS shares. Truist Financial increased 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. Royal Bank of Canada upped their price objective on Northern Trust from $107.00 to $115.00 and gave the company an “outperform” rating in a report on Friday, January 24th. Wells Fargo & Company lifted their target price on Northern Trust from $108.00 to $110.00 and gave the stock an “equal weight” rating in a report on Friday, November 15th. StockNews.com raised shares of Northern Trust from a “hold” rating to a “buy” rating in a research report on Friday, January 24th. Finally, Barclays boosted their price objective on shares of Northern Trust from $115.00 to $118.00 and gave the company an “equal weight” rating in a report on Monday, January 6th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $112.58.

Insiders Place Their Bets

In other news, Vice Chairman Steven L. Fradkin sold 9,100 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $111.00, for a total value of $1,010,100.00. Following the completion of the transaction, the insider now owns 47,797 shares of the company’s stock, valued at $5,305,467. This represents a 15.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Thomas A. South sold 3,804 shares of the firm’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $113.00, for a total transaction of $429,852.00. Following the completion of the transaction, the executive vice president now owns 81,794 shares of the company’s stock, valued at approximately $9,242,722. This trade represents a 4.44 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 44,435 shares of company stock valued at $4,980,311 in the last 90 days. Corporate insiders own 0.64% of the company’s stock.

Northern Trust Stock Down 0.5 %

NTRS stock opened at $112.97 on Friday. The stock has a market capitalization of $22.39 billion, a P/E ratio of 11.55, a price-to-earnings-growth ratio of 1.72 and a beta of 1.08. The company has a current ratio of 0.68, a quick ratio of 0.71 and a debt-to-equity ratio of 0.58. The firm has a 50-day moving average price of $107.25 and a 200-day moving average price of $100.18. Northern Trust Co. has a 12 month low of $79.30 and a 12 month high of $114.67.

Northern Trust (NASDAQ:NTRS) last issued its earnings results on Thursday, January 23rd. The asset manager reported $2.26 earnings per share for the quarter, beating 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 research analysts anticipate that Northern Trust Co. will post 8.27 EPS for the current fiscal year.

Northern Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be given 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 yield of 2.66%. Northern Trust’s dividend payout ratio 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.