Northern Trust Co. (NASDAQ:NTRS) Shares Purchased by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd boosted its stake in Northern Trust Co. (NASDAQ:NTRS) by 84.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,936 shares of the asset manager’s stock after acquiring an additional 10,045 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Northern Trust were worth $2,248,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Ballentine Partners LLC raised its holdings in Northern Trust by 4.4% in the fourth quarter. Ballentine Partners LLC now owns 2,483 shares of the asset manager’s stock valued at $255,000 after acquiring an additional 105 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in Northern Trust by 24.7% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 22,061 shares of the asset manager’s stock valued at $2,286,000 after acquiring an additional 4,374 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Northern Trust by 9.9% in the third quarter. JPMorgan Chase & Co. now owns 4,296,442 shares of the asset manager’s stock valued at $386,809,000 after acquiring an additional 388,692 shares in the last quarter. Kovitz Investment Group Partners LLC raised its holdings in Northern Trust by 68.1% in the third quarter. Kovitz Investment Group Partners LLC now owns 13,765 shares of the asset manager’s stock valued at $1,239,000 after acquiring an additional 5,578 shares in the last quarter. Finally, Caprock Group LLC acquired a new stake in Northern Trust in the fourth quarter valued at $1,059,000. 83.19% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Northern Trust

In related news, Vice Chairman Steven L. Fradkin sold 9,100 shares of the stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $111.00, for a total value of $1,010,100.00. Following the completion of the transaction, the insider now owns 47,797 shares in the company, valued at $5,305,467. This represents a 15.99 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Thomas A. South sold 3,804 shares of the stock in a transaction dated 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 transaction, the executive vice president now owns 81,794 shares of the company’s stock, valued at $9,242,722. This represents a 4.44 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 44,435 shares of company stock worth $4,980,311 in the last 90 days. Corporate insiders own 0.64% of the company’s stock.

Northern Trust Stock Down 0.1 %

Northern Trust stock opened at $112.82 on Tuesday. The company has a 50-day simple moving average of $107.39 and a 200-day simple moving average of $100.51. The firm has a market capitalization of $22.36 billion, a P/E ratio of 11.54, a P/E/G ratio of 1.72 and a beta of 1.08. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.71 and a current ratio of 0.68. Northern Trust Co. has a one year low of $79.30 and a one year high of $114.67.

Northern Trust (NASDAQ:NTRS) last announced its earnings results 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%. As a group, equities analysts expect that Northern Trust Co. will post 8.27 earnings per share for the current year.

Northern Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be given a $0.75 dividend. The ex-dividend date is Friday, March 14th. This represents a $3.00 dividend on an annualized basis and a yield of 2.66%. Northern Trust’s dividend payout ratio is presently 30.67%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on NTRS shares. The Goldman Sachs Group increased their target price on shares of Northern Trust from $92.00 to $102.00 and gave the stock a “sell” rating in a report on Friday, January 24th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Northern Trust from $100.00 to $108.00 and gave the stock a “hold” rating in a report on Monday, November 11th. Barclays increased their target price on shares of Northern Trust from $115.00 to $118.00 and gave the stock an “equal weight” rating in a report on Monday, January 6th. Truist Financial increased their target price on shares of Northern Trust from $110.00 to $116.00 and gave the stock a “hold” rating in a report on Friday, January 24th. Finally, Keefe, Bruyette & Woods increased their target price on shares of Northern Trust from $113.00 to $122.00 and gave the stock a “market perform” rating in a report on Friday, January 24th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $112.58.

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.