DRW Securities LLC Takes Position in Northern Trust Co. (NASDAQ:NTRS)

DRW Securities LLC purchased a new position in shares of Northern Trust Co. (NASDAQ:NTRS) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 2,549 shares of the asset manager’s stock, valued at approximately $261,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in NTRS. Juncture Wealth Strategies LLC increased its holdings in shares of Northern Trust by 2.4% during the fourth quarter. Juncture Wealth Strategies LLC now owns 4,212 shares of the asset manager’s stock valued at $432,000 after acquiring an additional 100 shares in the last quarter. Ballentine Partners LLC raised its holdings in Northern Trust by 4.4% during the fourth quarter. Ballentine Partners LLC now owns 2,483 shares of the asset manager’s stock worth $255,000 after buying an additional 105 shares during the last quarter. Pallas Capital Advisors LLC lifted its stake in shares of Northern Trust by 1.8% in the fourth quarter. Pallas Capital Advisors LLC now owns 6,091 shares of the asset manager’s stock valued at $624,000 after buying an additional 107 shares in the last quarter. Bradley Foster & Sargent Inc. CT increased its position in shares of Northern Trust by 2.4% during the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 4,774 shares of the asset manager’s stock worth $489,000 after acquiring an additional 114 shares in the last quarter. Finally, Brooklyn Investment Group raised its holdings in shares of Northern Trust by 51.2% in the 4th quarter. Brooklyn Investment Group now owns 378 shares of the asset manager’s stock worth $39,000 after acquiring an additional 128 shares during the last quarter. Institutional investors own 83.19% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on NTRS shares. Truist Financial decreased their price objective on Northern Trust from $116.00 to $98.00 and set a “hold” rating for the company in a report on Friday, April 4th. The Goldman Sachs Group raised their price objective on Northern Trust from $92.00 to $102.00 and gave the company a “sell” rating in a research note on Friday, January 24th. Royal Bank of Canada upped their target price on shares of Northern Trust from $107.00 to $115.00 and gave the stock an “outperform” rating in a research note on Friday, January 24th. Citigroup cut their price target on shares of Northern Trust from $110.00 to $105.00 and set a “neutral” rating on the stock in a report on Monday, March 24th. Finally, Wells Fargo & Company dropped their target price on shares of Northern Trust from $119.00 to $118.00 and set an “equal weight” rating on the stock in a research report on Friday, March 28th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $112.31.

Northern Trust Stock Down 5.7 %

NTRS stock opened at $87.94 on Friday. Northern Trust Co. has a fifty-two week low of $79.32 and a fifty-two week high of $114.67. The stock has a fifty day moving average of $102.76 and a 200-day moving average of $102.86. The company has a market capitalization of $17.21 billion, a price-to-earnings ratio of 8.99, a PEG ratio of 1.72 and a beta of 1.10. 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 (NASDAQ:NTRS) last posted its quarterly earnings results on Thursday, January 23rd. The asset manager reported $2.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.96 by $0.30. Northern Trust had a net margin of 12.77% and a return on equity of 13.74%. As a group, equities research analysts predict that Northern Trust Co. will post 8.27 earnings per share for the current year.

Northern Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th were given a dividend of $0.75 per share. The ex-dividend date was Friday, March 14th. This represents a $3.00 annualized dividend and a dividend yield of 3.41%. Northern Trust’s dividend payout ratio is currently 30.67%.

Insider Transactions at Northern Trust

In other Northern Trust news, insider John Landers sold 900 shares of the firm’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $111.44, for a total value of $100,296.00. Following the completion of the transaction, the insider now directly owns 7,640 shares of the company’s stock, valued at $851,401.60. This trade represents a 10.54 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Thomas A. South sold 3,804 shares of the company’s stock in a transaction on Wednesday, February 19th. The stock was 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 directly owns 81,794 shares in the company, valued at approximately $9,242,722. The trade was a 4.44 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 35,335 shares of company stock valued at $3,970,211 over the last three months. Company insiders own 0.77% 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.