1,000 Shares in Northern Trust Co. (NASDAQ:NTRS) Acquired by ICA Group Wealth Management LLC

ICA Group Wealth Management LLC purchased a new position in shares of Northern Trust Co. (NASDAQ:NTRS) in the 4th quarter, Holdings Channel.com reports. The firm purchased 1,000 shares of the asset manager’s stock, valued at approximately $84,000.

Several other large investors also recently added to or reduced their stakes in NTRS. Envestnet Portfolio Solutions Inc. purchased a new stake in Northern Trust in the 3rd quarter valued at $322,000. Envestnet Asset Management Inc. grew its holdings in Northern Trust by 129.2% in the 3rd quarter. Envestnet Asset Management Inc. now owns 207,086 shares of the asset manager’s stock valued at $14,388,000 after buying an additional 116,727 shares in the last quarter. Nordea Investment Management AB grew its holdings in Northern Trust by 2.4% in the 3rd quarter. Nordea Investment Management AB now owns 12,962 shares of the asset manager’s stock valued at $907,000 after buying an additional 305 shares in the last quarter. WINTON GROUP Ltd purchased a new stake in Northern Trust in the 3rd quarter valued at $345,000. Finally, Rathbones Group PLC grew its holdings in Northern Trust by 938.4% in the 3rd quarter. Rathbones Group PLC now owns 157,822 shares of the asset manager’s stock valued at $10,965,000 after buying an additional 142,624 shares in the last quarter. 83.19% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on the company. Bank of America upped their target price on Northern Trust from $93.00 to $101.00 and gave the company a “buy” rating in a report on Wednesday, April 17th. Jefferies Financial Group upped their price target on Northern Trust from $101.00 to $103.00 and gave the company a “buy” rating in a research note on Thursday, April 18th. Finally, Evercore ISI upped their price target on Northern Trust from $86.00 to $87.00 and gave the company an “in-line” rating in a research note on Thursday, April 4th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Northern Trust presently has a consensus rating of “Hold” and an average target price of $85.82.

Insider Buying and Selling

In related news, insider Peter Cherecwich sold 12,000 shares of the stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $87.09, for a total transaction of $1,045,080.00. Following the transaction, the insider now owns 31,471 shares of the company’s stock, valued at approximately $2,740,809.39. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other Northern Trust news, insider Peter Cherecwich sold 12,000 shares of the stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $87.09, for a total value of $1,045,080.00. Following the sale, the insider now owns 31,471 shares of the company’s stock, valued at approximately $2,740,809.39. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Steven L. Fradkin sold 4,097 shares of the stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $82.56, for a total value of $338,248.32. Following the completion of the transaction, the insider now owns 46,078 shares in the company, valued at approximately $3,804,199.68. The disclosure for this sale can be found here. 0.64% of the stock is owned by corporate insiders.

Northern Trust Price Performance

NTRS opened at $82.90 on Wednesday. The stock’s 50-day moving average price is $83.60 and its 200 day moving average price is $83.07. Northern Trust Co. has a 12-month low of $62.44 and a 12-month high of $89.25. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.61. The firm has a market cap of $16.96 billion, a price-to-earnings ratio of 18.30, a PEG ratio of 1.16 and a beta of 1.10.

Northern Trust (NASDAQ:NTRS) last posted its earnings results on Tuesday, April 16th. The asset manager reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.23. Northern Trust had a return on equity of 12.57% and a net margin of 7.59%. The firm had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.79 billion. As a group, sell-side analysts expect that Northern Trust Co. will post 6.85 earnings per share for the current year.

Northern Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 7th will be paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 3.62%. The ex-dividend date of this dividend is Friday, June 7th. Northern Trust’s payout ratio is 66.23%.

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.