Frank Rimerman Advisors LLC Takes Position in Northern Trust Co. (NASDAQ:NTRS)

Frank Rimerman Advisors LLC acquired a new stake in Northern Trust Co. (NASDAQ:NTRS) in the 4th quarter, HoldingsChannel reports. The fund acquired 2,080 shares of the asset manager’s stock, valued at approximately $213,000.

Several other large investors also recently made changes to their positions in NTRS. Huntington National Bank raised its stake in Northern Trust by 17.1% in the 3rd quarter. Huntington National Bank now owns 2,133 shares of the asset manager’s stock valued at $192,000 after acquiring an additional 311 shares during the period. CIBC Asset Management Inc raised its stake in Northern Trust by 6.0% in the 3rd quarter. CIBC Asset Management Inc now owns 34,598 shares of the asset manager’s stock valued at $3,115,000 after acquiring an additional 1,949 shares during the period. Empirical Finance LLC raised its stake in Northern Trust by 2.2% in the 3rd quarter. Empirical Finance LLC now owns 7,164 shares of the asset manager’s stock valued at $645,000 after acquiring an additional 152 shares during the period. Empowered Funds LLC raised its stake in Northern Trust by 7.7% in the 3rd quarter. Empowered Funds LLC now owns 4,094 shares of the asset manager’s stock valued at $369,000 after acquiring an additional 293 shares during the period. Finally, Natixis Advisors LLC raised its stake in Northern Trust by 31.6% in the 3rd quarter. Natixis Advisors LLC now owns 81,774 shares of the asset manager’s stock valued at $7,362,000 after acquiring an additional 19,655 shares during the period. Institutional investors and hedge funds own 83.19% of the company’s stock.

Insider Activity at Northern Trust

In other news, EVP Jane Karpinski sold 2,262 shares of Northern Trust stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $111.33, for a total transaction of $251,828.46. Following the sale, the executive vice president now directly owns 17,236 shares of the company’s stock, valued at approximately $1,918,883.88. This trade represents a 11.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Peter Cherecwich sold 26,132 shares of Northern Trust stock in a transaction dated 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 sale, the chief operating officer now directly owns 26,586 shares in the company, valued at $2,987,202.96. The trade was a 49.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 35,335 shares of company stock valued at $3,970,211 over the last ninety days. 0.64% of the stock is owned by corporate insiders.

Northern Trust Stock Up 0.8 %

Shares of NASDAQ NTRS opened at $98.68 on Tuesday. 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 52 week low of $79.32 and a 52 week high of $114.67. The stock has a market capitalization of $19.31 billion, a P/E ratio of 10.09, a PEG ratio of 1.72 and a beta of 1.07. The stock’s fifty day moving average is $107.65 and its 200 day moving average is $102.32.

Northern Trust (NASDAQ:NTRS) last issued its quarterly earnings results on Thursday, January 23rd. The asset manager reported $2.26 EPS for the quarter, topping analysts’ consensus estimates of $1.96 by $0.30. Northern Trust had a return on equity of 13.74% and a net margin of 12.77%. Sell-side analysts forecast that Northern Trust Co. will post 8.27 earnings per share for the current fiscal year.

Northern Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be paid a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 3.04%. The ex-dividend date of this dividend is Friday, March 14th. Northern Trust’s dividend payout ratio (DPR) is presently 30.67%.

Wall Street Analyst Weigh In

NTRS has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods increased their price target on Northern Trust from $113.00 to $122.00 and gave the company a “market perform” rating in a research note on Friday, January 24th. UBS Group increased their price target on Northern Trust from $110.00 to $114.00 and gave the company a “neutral” rating in a research note on Monday, January 27th. Morgan Stanley dropped their price target on Northern Trust from $138.00 to $136.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 6th. StockNews.com cut Northern Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Finally, Royal Bank of Canada increased their price objective on Northern Trust from $107.00 to $115.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. One equities 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 stock. Based on data from MarketBeat.com, Northern Trust has a consensus rating of “Hold” and an average price target of $113.50.

About Northern Trust

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.