Northern Trust Co. (NASDAQ:NTRS) Position Increased by Oceanside Advisors LLC

Oceanside Advisors LLC lifted its holdings in shares of Northern Trust Co. (NASDAQ:NTRS) by 8.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,803 shares of the asset manager’s stock after purchasing an additional 300 shares during the quarter. Oceanside Advisors LLC’s holdings in Northern Trust were worth $390,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Y.D. More Investments Ltd lifted its holdings in shares of 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. Brooklyn Investment Group grew its position in 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 acquiring an additional 128 shares during the period. Northwest Investment Counselors LLC acquired a new stake in shares of Northern Trust during the 3rd quarter worth about $39,000. Capital Performance Advisors LLP acquired a new position in Northern Trust in the third quarter valued at about $48,000. Finally, Friedenthal Financial bought a new stake in Northern Trust during the fourth quarter worth about $57,000. Institutional investors and hedge funds own 83.19% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on NTRS shares. Royal Bank of Canada lifted their target price on shares of Northern Trust from $107.00 to $115.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. UBS Group boosted their price objective on Northern Trust from $110.00 to $114.00 and gave the stock a “neutral” rating in a research note on Monday, January 27th. The Goldman Sachs Group raised their target price on Northern Trust from $92.00 to $102.00 and gave the company a “sell” rating in a research note on Friday, January 24th. StockNews.com raised shares of Northern Trust from a “hold” rating to a “buy” rating in a report on Friday, January 24th. Finally, Barclays boosted their target price on shares of Northern Trust from $115.00 to $118.00 and gave the stock an “equal weight” rating in a research note on Monday, January 6th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $112.58.

Northern Trust Stock Down 2.2 %

NASDAQ:NTRS opened at $111.00 on Tuesday. The stock’s fifty day simple moving average is $106.44 and its 200-day simple moving average is $98.51. The firm has a market capitalization of $22.00 billion, a P/E ratio of 11.35, a P/E/G ratio of 1.74 and a beta of 1.08. The company has a quick ratio of 0.71, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. Northern Trust Co. has a 12-month low of $76.67 and a 12-month high of $114.67.

Northern Trust (NASDAQ:NTRS) last posted its earnings results on Thursday, January 23rd. The asset manager reported $2.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.96 by $0.30. Northern Trust had a return on equity of 13.74% and a net margin of 12.77%. Equities research analysts expect that Northern Trust Co. will post 8.2 earnings per share for the current year.

Northern Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be paid a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 2.70%. The ex-dividend date is Friday, March 14th. Northern Trust’s payout ratio is presently 30.67%.

Insiders Place Their Bets

In other Northern Trust news, COO Peter Cherecwich sold 26,132 shares of Northern Trust stock in a transaction that occurred on Wednesday, January 29th. The shares were sold at an average price of $112.36, for a total value of $2,936,191.52. Following the transaction, the chief operating officer now owns 26,586 shares of the company’s stock, valued at approximately $2,987,202.96. The trade was a 49.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider John Landers sold 900 shares of the stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $111.44, for a total transaction of $100,296.00. Following the sale, the insider now directly owns 7,640 shares of the company’s stock, valued at $851,401.60. This represents a 10.54 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 40,631 shares of company stock worth $4,550,459. Company insiders own 0.64% of the company’s stock.

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.