Harvest Investment Advisors LLC Boosts Stock Position in Northern Trust Co. (NASDAQ:NTRS)

Harvest Investment Advisors LLC lifted its position in Northern Trust Co. (NASDAQ:NTRSFree Report) by 1.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,291 shares of the asset manager’s stock after purchasing an additional 160 shares during the quarter. Harvest Investment Advisors LLC’s holdings in Northern Trust were worth $1,375,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Ballast Inc. raised its position in Northern Trust by 1.1% during the 4th quarter. Ballast Inc. now owns 12,208 shares of the asset manager’s stock valued at $1,030,000 after purchasing an additional 136 shares during the last quarter. Mather Group LLC. raised its position in shares of Northern Trust by 3.6% in the 4th quarter. Mather Group LLC. now owns 4,271 shares of the asset manager’s stock worth $360,000 after acquiring an additional 147 shares in the last quarter. Aviance Capital Partners LLC raised its position in shares of Northern Trust by 1.8% in the 4th quarter. Aviance Capital Partners LLC now owns 8,585 shares of the asset manager’s stock worth $724,000 after acquiring an additional 150 shares in the last quarter. Diversified Trust Co raised its position in shares of Northern Trust by 1.9% in the 4th quarter. Diversified Trust Co now owns 8,531 shares of the asset manager’s stock worth $720,000 after acquiring an additional 156 shares in the last quarter. Finally, Quent Capital LLC raised its position in shares of Northern Trust by 77.8% in the 4th quarter. Quent Capital LLC now owns 361 shares of the asset manager’s stock worth $30,000 after acquiring an additional 158 shares in the last quarter. 83.19% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Peter Cherecwich sold 12,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $87.09, for a total value of $1,045,080.00. Following the completion of the transaction, the insider now owns 31,471 shares of the company’s stock, valued at $2,740,809.39. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Peter Cherecwich sold 12,000 shares of the business’s stock in a transaction on 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 sale, the insider now directly owns 31,471 shares of the company’s stock, valued at $2,740,809.39. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Steven L. Fradkin sold 4,097 shares of the company’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $82.56, for a total transaction of $338,248.32. Following the completion of the sale, the insider now directly owns 46,078 shares in the company, valued at $3,804,199.68. The disclosure for this sale can be found here. 0.64% of the stock is currently owned by insiders.

Northern Trust Trading Up 0.3 %

Shares of NASDAQ:NTRS traded up $0.28 during trading hours on Friday, hitting $82.29. 910,974 shares of the company’s stock traded hands, compared to its average volume of 1,122,608. The business has a fifty day moving average price of $84.36 and a 200-day moving average price of $82.74. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.71 and a quick ratio of 0.71. Northern Trust Co. has a 1 year low of $62.44 and a 1 year high of $89.25. The firm has a market capitalization of $16.84 billion, a P/E ratio of 18.17, a price-to-earnings-growth ratio of 1.18 and a beta of 1.10.

Northern Trust (NASDAQ:NTRSGet Free Report) last posted its quarterly earnings results on Tuesday, April 16th. The asset manager reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.23. Northern Trust had a net margin of 7.59% and a return on equity of 12.57%. The firm had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.79 billion. Equities analysts expect that Northern Trust Co. will post 6.85 earnings per share for the current year.

Northern Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 7th will be paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 3.65%. The ex-dividend date is Friday, June 7th. Northern Trust’s dividend payout ratio (DPR) is 66.23%.

Analysts Set New Price Targets

Several analysts recently weighed in on NTRS shares. Jefferies Financial Group increased their target price on Northern Trust from $101.00 to $103.00 and gave the company a “buy” rating in a research note on Thursday, April 18th. Evercore ISI increased their target price on Northern Trust from $86.00 to $87.00 and gave the company an “in-line” rating in a research note on Thursday, April 4th. Finally, Bank of America raised their price target on Northern Trust from $93.00 to $101.00 and gave the stock a “buy” rating in a research note on Wednesday, April 17th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $84.92.

Get Our Latest Analysis on NTRS

About Northern Trust

(Free Report)

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.

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Institutional Ownership by Quarter for Northern Trust (NASDAQ:NTRS)

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