Northern Trust Co. (NASDAQ:NTRS) Shares Purchased by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC boosted its stake in Northern Trust Co. (NASDAQ:NTRS) by 83.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 494 shares of the asset manager’s stock after acquiring an additional 224 shares during the period. EverSource Wealth Advisors LLC’s holdings in Northern Trust were worth $51,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. 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. Empirical Asset Management LLC acquired a new position in Northern Trust in the 4th quarter valued at about $33,000. Brooklyn Investment Group increased its position in Northern Trust by 51.2% in the 4th quarter. Brooklyn Investment Group now owns 378 shares of the asset manager’s stock valued at $39,000 after acquiring an additional 128 shares during the period. Assetmark Inc. increased its position in Northern Trust by 528.3% in the 4th quarter. Assetmark Inc. now owns 377 shares of the asset manager’s stock valued at $39,000 after acquiring an additional 317 shares during the period. Finally, Proficio Capital Partners LLC acquired a new position in Northern Trust in the 4th quarter valued at about $51,000. Institutional investors and hedge funds own 83.19% of the company’s stock.

Northern Trust Price Performance

NTRS stock opened at $99.27 on Thursday. Northern Trust Co. has a 1 year low of $79.32 and a 1 year 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. The stock’s 50 day moving average price is $107.51 and its 200 day moving average price is $102.34. The firm has a market cap of $19.43 billion, a P/E ratio of 10.15, a PEG ratio of 1.72 and a beta of 1.07.

Northern Trust (NASDAQ:NTRS) last posted its earnings results on Thursday, January 23rd. The asset manager reported $2.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.96 by $0.30. Northern Trust had a return on equity of 13.74% and a net margin of 12.77%. On average, sell-side analysts expect that Northern Trust Co. will post 8.27 earnings per share for the current fiscal year.

Northern Trust Announces Dividend

The business also recently announced 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. This represents a $3.00 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date of this dividend is Friday, March 14th. Northern Trust’s payout ratio is currently 30.67%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on NTRS. Truist Financial boosted their target price on Northern Trust from $110.00 to $116.00 and gave the stock a “hold” rating in a research report on Friday, January 24th. Keefe, Bruyette & Woods boosted their target price on Northern Trust from $113.00 to $122.00 and gave the stock a “market perform” rating in a research report on Friday, January 24th. StockNews.com cut Northern Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. The Goldman Sachs Group boosted their target price on Northern Trust from $92.00 to $102.00 and gave the stock a “sell” rating in a research report on Friday, January 24th. Finally, Barclays boosted their target price on Northern Trust from $115.00 to $118.00 and gave the stock an “equal weight” rating in a research report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Northern Trust has a consensus rating of “Hold” and a consensus price target of $113.50.

Insider Activity at Northern Trust

In other Northern Trust news, insider John Landers sold 900 shares of the business’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $111.44, for a total value of $100,296.00. Following the completion of the transaction, the insider now directly owns 7,640 shares in the company, valued at approximately $851,401.60. The trade was a 10.54 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Thomas A. South sold 3,804 shares of the business’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $113.00, for a total value 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 $9,242,722. This trade represents a 4.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 35,335 shares of company stock valued at $3,970,211. 0.64% of the stock is owned by corporate 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.