Entropy Technologies LP Has $1.75 Million Stock Position in Northern Trust Co. (NASDAQ:NTRS)

Entropy Technologies LP boosted its position in shares of Northern Trust Co. (NASDAQ:NTRS) by 106.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 17,094 shares of the asset manager’s stock after purchasing an additional 8,803 shares during the period. Entropy Technologies LP’s holdings in Northern Trust were worth $1,752,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NTRS. Brookstone Capital Management boosted its holdings in shares of Northern Trust by 6.0% in the 3rd quarter. Brookstone Capital Management now owns 7,316 shares of the asset manager’s stock worth $659,000 after acquiring an additional 417 shares in the last quarter. CWM LLC raised its position in Northern Trust by 26.1% in the 3rd quarter. CWM LLC now owns 12,183 shares of the asset manager’s stock valued at $1,097,000 after purchasing an additional 2,520 shares during the last quarter. UMB Bank n.a. boosted its stake in Northern Trust by 5.4% in the third quarter. UMB Bank n.a. now owns 4,328 shares of the asset manager’s stock worth $390,000 after purchasing an additional 221 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt grew its holdings in shares of Northern Trust by 303.0% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 798 shares of the asset manager’s stock worth $72,000 after purchasing an additional 600 shares during the last quarter. Finally, Ritholtz Wealth Management acquired a new stake in shares of Northern Trust in the third quarter valued at $488,000. 83.19% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, COO Peter Cherecwich sold 26,132 shares of the stock in a transaction on Wednesday, January 29th. The shares were sold at an average price of $112.36, for a total transaction of $2,936,191.52. Following the completion of the sale, the chief operating officer now owns 26,586 shares of the company’s stock, valued at $2,987,202.96. This represents a 49.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 completion of the sale, the insider now directly owns 58,449 shares in the company, valued at $6,585,448.83. This represents a 3.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 40,631 shares of company stock worth $4,550,459. Corporate insiders own 0.64% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on NTRS. Royal Bank of Canada upped their price target on shares of Northern Trust from $107.00 to $115.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. Wells Fargo & Company upped their target price on shares of Northern Trust from $108.00 to $110.00 and gave the stock an “equal weight” rating in a research report on Friday, November 15th. StockNews.com raised shares of Northern Trust from a “hold” rating to a “buy” rating in a report on Friday, January 24th. Morgan Stanley reduced their price objective on Northern Trust from $127.00 to $125.00 and set an “equal weight” rating on the stock in a report on Friday, January 3rd. Finally, Truist Financial lifted their target price on Northern Trust from $110.00 to $116.00 and gave the company a “hold” rating in a research note on Friday, January 24th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Northern Trust presently has a consensus rating of “Hold” and an average target price of $112.58.

Northern Trust Price Performance

Northern Trust stock opened at $113.51 on Monday. The company has a current ratio of 0.68, a quick ratio of 0.71 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $22.50 billion, a P/E ratio of 11.61, a PEG ratio of 1.74 and a beta of 1.08. The business has a 50-day moving average of $106.44 and a 200-day moving average of $98.43. Northern Trust Co. has a 1 year low of $76.67 and a 1 year high of $114.67.

Northern Trust (NASDAQ:NTRS) last issued its quarterly earnings data 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 net margin of 12.77% and a return on equity of 13.74%. On average, equities analysts anticipate that Northern Trust Co. will post 8.2 EPS for the current year.

Northern Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 2.64%. The ex-dividend date of this dividend is Friday, March 14th. Northern Trust’s payout ratio is presently 30.67%.

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.