GWN Securities Inc. Makes New $315,000 Investment in Northern Trust Co. (NASDAQ:NTRS)

GWN Securities Inc. acquired a new position in shares of Northern Trust Co. (NASDAQ:NTRS) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 2,842 shares of the asset manager’s stock, valued at approximately $315,000.

Other institutional investors have also recently bought and sold shares of the company. Y.D. More Investments Ltd raised its holdings in Northern Trust by 118.4% during the fourth quarter. Y.D. More Investments Ltd now owns 249 shares of the asset manager’s stock worth $26,000 after buying an additional 135 shares during the last quarter. Assetmark Inc. raised its holdings in Northern Trust by 528.3% during the fourth quarter. Assetmark Inc. now owns 377 shares of the asset manager’s stock worth $39,000 after buying an additional 317 shares during the last quarter. Brooklyn Investment Group raised its holdings in shares of Northern Trust by 51.2% in the fourth quarter. Brooklyn Investment Group now owns 378 shares of the asset manager’s stock valued at $39,000 after purchasing an additional 128 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Northern Trust by 83.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 494 shares of the asset manager’s stock valued at $51,000 after purchasing an additional 224 shares during the last quarter. Finally, Friedenthal Financial purchased a new stake in shares of Northern Trust in the fourth quarter valued at about $57,000. Institutional investors and hedge funds own 83.19% of the company’s stock.

Insider Activity

In other news, insider Jason J. Tyler sold 2,237 shares of the firm’s stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $112.67, for a total value of $252,042.79. Following the completion of the transaction, the insider now directly owns 58,449 shares in the company, valued at approximately $6,585,448.83. This trade represents a 3.69 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Thomas A. South sold 3,804 shares of the firm’s stock in a transaction that occurred on 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 trade represents a 4.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 35,335 shares of company stock worth $3,970,211. 0.64% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

NTRS has been the subject of several analyst reports. The Goldman Sachs Group increased their target price on shares of Northern Trust from $92.00 to $102.00 and gave the company a “sell” rating in a report on Friday, January 24th. Barclays increased their target price on shares of Northern Trust from $115.00 to $118.00 and gave the company an “equal weight” rating in a report on Monday, January 6th. StockNews.com downgraded shares of Northern Trust from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Royal Bank of Canada increased their target price on shares of Northern Trust from $107.00 to $115.00 and gave the company an “outperform” rating in a report on Friday, January 24th. Finally, Truist Financial increased their target price on shares of Northern Trust from $110.00 to $116.00 and gave the company a “hold” rating in a report on Friday, January 24th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Northern Trust has an average rating of “Hold” and a consensus target price of $113.50.

Northern Trust Price Performance

Shares of NASDAQ:NTRS opened at $98.68 on Tuesday. The company has a quick ratio of 0.71, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $19.31 billion, a PE ratio of 10.09, a P/E/G ratio of 1.72 and a beta of 1.07. Northern Trust Co. has a twelve month low of $79.32 and a twelve month high of $114.67. The company has a 50-day moving average price of $107.65 and a two-hundred day moving average price of $102.32.

Northern Trust (NASDAQ:NTRS) last issued its earnings results on Thursday, January 23rd. The asset manager reported $2.26 earnings per share for the quarter, topping 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%. Equities analysts forecast that Northern Trust Co. will post 8.27 EPS for the current year.

Northern Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders 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 dividend yield of 3.04%. Northern Trust’s dividend payout ratio (DPR) is currently 30.67%.

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.