Accredited Wealth Management LLC Makes New $53,000 Investment in Northern Trust Co. (NASDAQ:NTRS)

Accredited Wealth Management LLC purchased a new stake in shares of Northern Trust Co. (NASDAQ:NTRS) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 516 shares of the asset manager’s stock, valued at approximately $53,000.

Several other institutional investors and hedge funds have also recently modified their holdings of NTRS. Massachusetts Financial Services Co. MA boosted its holdings in Northern Trust by 1.2% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 7,486,616 shares of the asset manager’s stock valued at $767,378,000 after purchasing an additional 92,162 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Northern Trust by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 4,904,871 shares of the asset manager’s stock valued at $501,444,000 after acquiring an additional 30,908 shares during the last quarter. JPMorgan Chase & Co. grew its position in Northern Trust by 9.9% in the third quarter. JPMorgan Chase & Co. now owns 4,296,442 shares of the asset manager’s stock worth $386,809,000 after acquiring an additional 388,692 shares during the period. Invesco Ltd. increased its stake in Northern Trust by 7.5% during the fourth quarter. Invesco Ltd. now owns 2,885,312 shares of the asset manager’s stock worth $295,744,000 after acquiring an additional 202,327 shares during the last quarter. Finally, Wellington Management Group LLP raised its position in Northern Trust by 1.6% in the fourth quarter. Wellington Management Group LLP now owns 2,532,401 shares of the asset manager’s stock valued at $259,571,000 after purchasing an additional 39,592 shares during the period. Institutional investors and hedge funds own 83.19% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Morgan Stanley reduced their price objective on shares of Northern Trust from $136.00 to $132.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 2nd. The Goldman Sachs Group upped their price objective on shares of Northern Trust from $92.00 to $102.00 and gave the stock a “sell” rating in a report on Friday, January 24th. Citigroup dropped their target price on shares of Northern Trust from $110.00 to $105.00 and set a “neutral” rating for the company in a report on Monday, March 24th. StockNews.com cut Northern Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Finally, Royal Bank of Canada dropped their price objective on Northern Trust from $115.00 to $105.00 and set an “outperform” rating for the company in a research note on Wednesday, April 23rd. One analyst has rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Northern Trust currently has a consensus rating of “Hold” and a consensus price target of $110.83.

Insider Transactions at Northern Trust

In other Northern Trust news, EVP Jane Karpinski sold 2,262 shares of the company’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $111.33, for a total value of $251,828.46. Following the completion of the transaction, the executive vice president now owns 17,236 shares in the company, valued at $1,918,883.88. This represents a 11.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider John Landers sold 900 shares of Northern Trust stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $111.44, for a total value of $100,296.00. Following the sale, the insider now owns 7,640 shares in the company, valued at $851,401.60. This trade represents a 10.54 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,966 shares of company stock valued at $781,976. 0.77% of the stock is currently owned by corporate insiders.

Northern Trust Stock Up 2.7 %

NTRS stock opened at $97.52 on Friday. The company’s 50 day moving average price is $95.98 and its 200 day moving average price is $102.84. The firm has a market capitalization of $19.08 billion, a price-to-earnings ratio of 9.97, a PEG ratio of 1.72 and a beta of 1.10. Northern Trust Co. has a fifty-two week low of $79.68 and a fifty-two week high of $114.67. 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 announced its quarterly earnings data on Tuesday, April 22nd. The asset manager reported $1.90 EPS for the quarter, beating analysts’ consensus estimates of $1.85 by $0.05. The company had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.95 billion. Northern Trust had a net margin of 12.77% and a return on equity of 13.74%. On average, equities research analysts anticipate that Northern Trust Co. will post 8.27 EPS for the current fiscal year.

Northern Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 6th will be issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date is Friday, June 6th. Northern Trust’s dividend payout ratio (DPR) is 27.99%.

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.