Signaturefd LLC Boosts Stock Holdings in Northern Trust Co. (NASDAQ:NTRS)

Signaturefd LLC grew its position in shares of Northern Trust Co. (NASDAQ:NTRS) by 165.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,615 shares of the asset manager’s stock after purchasing an additional 2,254 shares during the quarter. Signaturefd LLC’s holdings in Northern Trust were worth $305,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NTRS. IFP Advisors Inc increased its holdings in Northern Trust by 1,257.1% in the 3rd quarter. IFP Advisors Inc now owns 1,140 shares of the asset manager’s stock worth $79,000 after acquiring an additional 1,056 shares in the last quarter. Czech National Bank increased its holdings in Northern Trust by 46.7% in the 3rd quarter. Czech National Bank now owns 36,180 shares of the asset manager’s stock worth $2,514,000 after acquiring an additional 11,517 shares in the last quarter. Asset Management One Co. Ltd. increased its holdings in Northern Trust by 6.6% in the 3rd quarter. Asset Management One Co. Ltd. now owns 91,366 shares of the asset manager’s stock worth $6,348,000 after acquiring an additional 5,668 shares in the last quarter. Handelsbanken Fonder AB increased its holdings in Northern Trust by 1.5% in the 3rd quarter. Handelsbanken Fonder AB now owns 58,308 shares of the asset manager’s stock worth $4,051,000 after acquiring an additional 879 shares in the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund increased its holdings in Northern Trust by 25.5% in the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 83,145 shares of the asset manager’s stock worth $5,777,000 after acquiring an additional 16,900 shares in the last quarter. Hedge funds and other institutional investors own 83.19% of the company’s stock.

Insider Buying and Selling at Northern Trust

In other Northern Trust news, insider Steven L. Fradkin sold 30,392 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $80.11, for a total value of $2,434,703.12. Following the transaction, the insider now owns 55,707 shares of the company’s stock, valued at $4,462,687.77. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.64% of the stock is currently owned by corporate insiders.

Northern Trust Trading Down 0.1 %

Shares of NTRS stock opened at $83.38 on Friday. The company’s 50-day moving average price is $83.67 and its 200-day moving average price is $79.52. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.61. The stock has a market cap of $17.06 billion, a price-to-earnings ratio of 18.41, a PEG ratio of 1.20 and a beta of 1.13. Northern Trust Co. has a twelve month low of $62.44 and a twelve month high of $89.25.

Northern Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 7th will be given a $0.75 dividend. The ex-dividend date is Friday, June 7th. This represents a $3.00 dividend on an annualized basis and a yield of 3.60%. Northern Trust’s payout ratio is currently 66.23%.

Wall Street Analysts Forecast Growth

NTRS has been the subject of several recent analyst reports. Bank of America boosted their price target on shares of Northern Trust from $93.00 to $101.00 and gave the stock a “buy” rating in a report on Wednesday, April 17th. UBS Group lifted their target price on shares of Northern Trust from $72.00 to $84.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 9th. Wolfe Research cut shares of Northern Trust from a “peer perform” rating to an “underperform” rating and set a $85.00 target price on the stock. in a research note on Wednesday, January 3rd. Jefferies Financial Group lifted their target price on shares of Northern Trust from $101.00 to $103.00 and gave the stock a “buy” rating in a research note on Thursday, April 18th. Finally, Royal Bank of Canada lifted their target price on shares of Northern Trust from $82.00 to $86.00 and gave the stock an “outperform” rating in a research note on Friday, January 19th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $84.92.

Northern Trust Company 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.