Northern Trust Co. (NASDAQ:NTRS) Shares Purchased by CIBC Private Wealth Group LLC

CIBC Private Wealth Group LLC raised its holdings in Northern Trust Co. (NASDAQ:NTRS) by 1.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 14,118 shares of the asset manager’s stock after purchasing an additional 243 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in Northern Trust were worth $1,443,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in NTRS. Y.D. More Investments Ltd increased its position in Northern Trust by 118.4% in the 4th quarter. Y.D. More Investments Ltd now owns 249 shares of the asset manager’s stock valued at $26,000 after acquiring an additional 135 shares during the period. Assetmark Inc. increased its holdings in shares of Northern Trust by 528.3% in the fourth quarter. Assetmark Inc. now owns 377 shares of the asset manager’s stock valued at $39,000 after purchasing an additional 317 shares during the period. Brooklyn Investment Group increased its holdings in shares of Northern Trust by 51.2% in the fourth quarter. Brooklyn Investment Group now owns 378 shares of the asset manager’s stock valued at $39,000 after purchasing an additional 128 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of Northern Trust by 83.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 494 shares of the asset manager’s stock worth $51,000 after purchasing an additional 224 shares during the last quarter. Finally, Friedenthal Financial acquired a new stake in shares of Northern Trust during the fourth quarter worth $57,000. 83.19% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Northern Trust news, COO Peter Cherecwich sold 26,132 shares of the firm’s stock in a transaction dated Wednesday, January 29th. The shares were sold at an average price of $112.36, for a total transaction 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 $2,987,202.96. This trade represents a 49.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Thomas A. South sold 3,804 shares of the business’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 directly owns 81,794 shares of the company’s stock, valued at approximately $9,242,722. This represents a 4.44 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 35,335 shares of company stock worth $3,970,211. 0.77% of the stock is owned by corporate insiders.

Northern Trust Price Performance

Shares of NASDAQ NTRS opened at $90.58 on Friday. 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 company’s 50-day moving average price is $106.13 and its 200 day moving average price is $103.02. Northern Trust Co. has a 52 week low of $79.32 and a 52 week high of $114.67. The stock has a market cap of $17.73 billion, a price-to-earnings ratio of 9.26, a PEG ratio of 1.72 and a beta of 1.07.

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

Northern Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Friday, March 14th were paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 3.31%. The ex-dividend date was Friday, March 14th. Northern Trust’s payout ratio is currently 30.67%.

Analyst Ratings Changes

A number of equities analysts have commented on NTRS shares. Bank of America cut their price objective on shares of Northern Trust from $123.00 to $121.00 and set a “buy” rating for the company in a research report on Wednesday. Evercore ISI reduced their price objective on shares of Northern Trust from $113.00 to $104.00 and set an “in-line” rating for the company in a research report on Tuesday. Wells Fargo & Company dropped their target price on Northern Trust from $119.00 to $118.00 and set an “equal weight” rating on the stock in a research report on Friday, March 28th. UBS Group raised their price target on Northern Trust from $110.00 to $114.00 and gave the company a “neutral” rating in a report on Monday, January 27th. Finally, The Goldman Sachs Group upped their price objective on Northern Trust from $92.00 to $102.00 and gave the stock a “sell” rating in a report on Friday, January 24th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $113.69.

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.