OneDigital Investment Advisors LLC Purchases Shares of 1,960 Northern Trust Co. (NASDAQ:NTRS)

OneDigital Investment Advisors LLC acquired a new position in shares of Northern Trust Co. (NASDAQ:NTRS) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 1,960 shares of the asset manager’s stock, valued at approximately $201,000.

Other institutional investors also recently modified their holdings of the company. Stifel Financial Corp lifted its position in Northern Trust by 3.4% during the 4th quarter. Stifel Financial Corp now owns 100,212 shares of the asset manager’s stock worth $10,272,000 after buying an additional 3,339 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in shares of Northern Trust by 55.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 14,246 shares of the asset manager’s stock worth $1,460,000 after acquiring an additional 5,105 shares during the last quarter. Natixis lifted its position in shares of Northern Trust by 168.5% during the fourth quarter. Natixis now owns 122,472 shares of the asset manager’s stock worth $12,553,000 after purchasing an additional 76,858 shares in the last quarter. Norinchukin Bank The grew its stake in shares of Northern Trust by 8.6% during the fourth quarter. Norinchukin Bank The now owns 9,111 shares of the asset manager’s stock valued at $934,000 after purchasing an additional 723 shares during the last quarter. Finally, Ossiam increased its holdings in shares of Northern Trust by 769.1% in the fourth quarter. Ossiam now owns 111,996 shares of the asset manager’s stock valued at $11,480,000 after purchasing an additional 99,109 shares in the last quarter. Institutional investors own 83.19% of the company’s stock.

Insider Buying and Selling

In related news, insider Jason J. Tyler sold 2,237 shares of the business’s stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $112.67, for a total transaction of $252,042.79. Following the transaction, the insider now directly owns 58,449 shares in the company, valued at approximately $6,585,448.83. The trade was a 3.69 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Thomas A. South sold 3,804 shares of the stock in a transaction 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 sale, the executive vice president now 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. Over the last quarter, insiders have sold 9,203 shares of company stock worth $1,034,019. Corporate insiders own 0.77% of the company’s stock.

Wall Street Analyst Weigh In

NTRS has been the topic of a number of recent research reports. Citigroup decreased their price objective on Northern Trust from $110.00 to $105.00 and set a “neutral” rating on the stock in a research report on Monday, March 24th. Evercore ISI decreased their price target on Northern Trust from $104.00 to $100.00 and set an “in-line” rating on the stock in a report on Wednesday, April 23rd. Keefe, Bruyette & Woods boosted their price objective on Northern Trust from $113.00 to $122.00 and gave the stock a “market perform” rating in a report on Friday, January 24th. The Goldman Sachs Group raised their target price on shares of Northern Trust from $92.00 to $102.00 and gave the company a “sell” rating in a research note on Friday, January 24th. Finally, Royal Bank of Canada dropped their price target on shares of 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 research analyst has rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Northern Trust currently has an average rating of “Hold” and an average price target of $110.83.

Northern Trust Trading Up 1.7 %

NASDAQ NTRS opened at $94.05 on Wednesday. Northern Trust Co. has a 52 week low of $79.68 and a 52 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. The stock’s 50 day moving average price is $96.98 and its two-hundred day moving average price is $102.83. The stock has a market capitalization of $18.41 billion, a price-to-earnings ratio of 9.62, a PEG ratio of 1.72 and a beta of 1.10.

Northern Trust (NASDAQ:NTRS) last announced its quarterly earnings data on Tuesday, April 22nd. The asset manager reported $1.90 EPS for the quarter, topping analysts’ consensus estimates of $1.85 by $0.05. Northern Trust had a net margin of 12.77% and a return on equity of 13.74%. The business had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.95 billion. As a group, analysts anticipate that Northern Trust Co. will post 8.27 earnings per share for the current fiscal year.

Northern Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 6th will be given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date of this dividend is Friday, June 6th. Northern Trust’s dividend payout ratio is currently 27.99%.

Northern Trust Company 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.