Mather Group LLC. Sells 1,102 Shares of Northern Trust Co. (NASDAQ:NTRS)

Mather Group LLC. reduced its holdings in shares of Northern Trust Co. (NASDAQ:NTRS) by 26.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,095 shares of the asset manager’s stock after selling 1,102 shares during the period. Mather Group LLC.’s holdings in Northern Trust were worth $279,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Quarry LP bought a new position in shares of Northern Trust during the fourth quarter valued at about $56,000. V Square Quantitative Management LLC grew its position in Northern Trust by 112.7% during the 4th quarter. V Square Quantitative Management LLC now owns 9,197 shares of the asset manager’s stock worth $776,000 after acquiring an additional 4,873 shares during the last quarter. Sierra Summit Advisors LLC purchased a new position in Northern Trust in the 4th quarter worth approximately $316,000. Speece Thorson Capital Group Inc. lifted its position in Northern Trust by 0.6% in the fourth quarter. Speece Thorson Capital Group Inc. now owns 191,829 shares of the asset manager’s stock valued at $16,187,000 after purchasing an additional 1,188 shares during the last quarter. Finally, EP Wealth Advisors LLC purchased a new stake in shares of Northern Trust during the fourth quarter valued at approximately $200,000. 83.19% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Northern Trust

In other news, Director Charles A. Tribbett sold 1,855 shares of the firm’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $88.12, for a total transaction of $163,462.60. Following the completion of the transaction, the director now directly owns 1,000 shares in the company, valued at $88,120. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Charles A. Tribbett sold 1,855 shares of the stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $88.12, for a total transaction of $163,462.60. Following the sale, the director now owns 1,000 shares in the company, valued at $88,120. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Mark C. Gossett sold 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $88.90, for a total transaction of $533,400.00. Following the completion of the transaction, the executive vice president now owns 28,707 shares of the company’s stock, valued at approximately $2,552,052.30. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 13,738 shares of company stock worth $1,191,388. 0.64% of the stock is owned by insiders.

Northern Trust Stock Performance

Shares of Northern Trust stock opened at $92.17 on Friday. The business has a fifty day simple moving average of $88.27 and a two-hundred day simple moving average of $86.01. The firm has a market capitalization of $18.59 billion, a P/E ratio of 12.61, a P/E/G ratio of 1.44 and a beta of 1.08. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.58. Northern Trust Co. has a 12 month low of $62.44 and a 12 month high of $93.50.

Northern Trust (NASDAQ:NTRS) last posted its quarterly earnings data on Wednesday, July 17th. The asset manager reported $1.78 EPS for the quarter, topping the consensus estimate of $1.75 by $0.03. Northern Trust had a net margin of 10.53% and a return on equity of 12.24%. The business had revenue of $2.72 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same quarter in the previous year, the firm posted $1.79 earnings per share. Northern Trust’s quarterly revenue was up 53.8% on a year-over-year basis. On average, equities analysts forecast that Northern Trust Co. will post 7.04 earnings per share for the current fiscal year.

Northern Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Friday, September 6th were given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date was Friday, September 6th. Northern Trust’s dividend payout ratio (DPR) is presently 41.04%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on NTRS shares. Royal Bank of Canada upped their price target on shares of Northern Trust from $86.00 to $90.00 and gave the company an “outperform” rating in a report on Thursday, July 18th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Northern Trust from $84.00 to $94.00 and gave the stock a “hold” rating in a report on Monday, September 23rd. Morgan Stanley boosted their price target on Northern Trust from $93.00 to $97.00 and gave the company an “underweight” rating in a report on Monday, September 30th. Keefe, Bruyette & Woods dropped their price objective on Northern Trust from $92.00 to $85.00 and set a “market perform” rating for the company in a report on Thursday, June 27th. Finally, UBS Group boosted their target price on Northern Trust from $86.00 to $92.00 and gave the company a “neutral” rating in a research note on Tuesday. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $90.42.

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.