Northern Trust Co. (NASDAQ:NTRS) Shares Bought by Claro Advisors LLC

Claro Advisors LLC increased its holdings in Northern Trust Co. (NASDAQ:NTRS) by 18.3% during the first quarter, Holdings Channel reports. The firm owned 9,439 shares of the asset manager’s stock after purchasing an additional 1,460 shares during the period. Claro Advisors LLC’s holdings in Northern Trust were worth $839,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Spartan Planning & Wealth Management increased its holdings in shares of Northern Trust by 10,566.7% in the fourth quarter. Spartan Planning & Wealth Management now owns 320 shares of the asset manager’s stock valued at $27,000 after buying an additional 317 shares in the last quarter. Fortitude Family Office LLC acquired a new stake in shares of Northern Trust during the fourth quarter worth $28,000. Quent Capital LLC lifted its holdings in shares of Northern Trust by 77.8% during the fourth quarter. Quent Capital LLC now owns 361 shares of the asset manager’s stock valued at $30,000 after purchasing an additional 158 shares during the last quarter. Allworth Financial LP increased its stake in Northern Trust by 94.1% in the 4th quarter. Allworth Financial LP now owns 359 shares of the asset manager’s stock worth $30,000 after purchasing an additional 174 shares in the last quarter. Finally, Bruce G. Allen Investments LLC acquired a new stake in Northern Trust during the 4th quarter worth about $45,000. 83.19% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on NTRS shares. Jefferies Financial Group boosted their price target on shares of Northern Trust from $101.00 to $103.00 and gave the company a “buy” rating in a report on Thursday, April 18th. Evercore ISI raised their target price on Northern Trust from $86.00 to $87.00 and gave the stock an “in-line” rating in a research report on Thursday, April 4th. Keefe, Bruyette & Woods reduced their price objective on Northern Trust from $92.00 to $85.00 and set a “market perform” rating for the company in a research note on Thursday, June 27th. Finally, Bank of America lifted their target price on Northern Trust from $93.00 to $101.00 and gave the company a “buy” rating in a research note on Wednesday, April 17th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Northern Trust presently has an average rating of “Hold” and a consensus target price of $85.75.

Insider Activity at Northern Trust

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

Northern Trust Trading Down 0.2 %

Northern Trust stock opened at $83.83 on Tuesday. Northern Trust Co. has a 12 month low of $62.44 and a 12 month high of $89.25. The stock has a market cap of $17.15 billion, a price-to-earnings ratio of 18.51, a price-to-earnings-growth ratio of 1.19 and a beta of 1.10. The business has a 50 day moving average price of $83.62 and a two-hundred day moving average price of $83.18. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.61.

Northern Trust (NASDAQ:NTRS) last announced its quarterly earnings results on Tuesday, April 16th. The asset manager reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.23. The firm had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.79 billion. Northern Trust had a net margin of 7.59% and a return on equity of 12.57%. As a group, equities analysts forecast that Northern Trust Co. will post 6.88 EPS for the current year.

Northern Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, July 1st. Stockholders of record on Friday, June 7th were issued a $0.75 dividend. The ex-dividend date of this dividend was Friday, June 7th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 3.58%. Northern Trust’s payout ratio is presently 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.