Northern Trust Corporation $NTRS Holdings Reduced by Oak Harvest Investment Services

Oak Harvest Investment Services decreased its position in Northern Trust Corporation (NASDAQ:NTRS) by 36.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 47,996 shares of the asset manager’s stock after selling 27,608 shares during the period. Oak Harvest Investment Services’ holdings in Northern Trust were worth $6,556,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of NTRS. Chicago Capital LLC boosted its holdings in shares of Northern Trust by 1.1% in the fourth quarter. Chicago Capital LLC now owns 13,985 shares of the asset manager’s stock valued at $1,910,000 after acquiring an additional 157 shares in the last quarter. Merit Financial Group LLC boosted its holdings in shares of Northern Trust by 111.1% in the fourth quarter. Merit Financial Group LLC now owns 9,056 shares of the asset manager’s stock valued at $1,237,000 after acquiring an additional 4,767 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Northern Trust by 19.7% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 34,486 shares of the asset manager’s stock valued at $4,710,000 after acquiring an additional 5,680 shares in the last quarter. CWM LLC boosted its holdings in shares of Northern Trust by 122.6% in the fourth quarter. CWM LLC now owns 48,284 shares of the asset manager’s stock valued at $6,595,000 after acquiring an additional 26,594 shares in the last quarter. Finally, PFG Investments LLC bought a new position in shares of Northern Trust in the fourth quarter valued at approximately $260,000. Institutional investors own 83.19% of the company’s stock.

Analyst Ratings Changes

NTRS has been the subject of several recent analyst reports. Wall Street Zen upgraded shares of Northern Trust from a “sell” rating to a “hold” rating in a report on Saturday, December 27th. The Goldman Sachs Group upgraded shares of Northern Trust from a “sell” rating to a “neutral” rating and raised their target price for the stock from $148.00 to $151.00 in a report on Monday, April 6th. Evercore raised their target price on shares of Northern Trust from $142.00 to $155.00 and gave the stock an “in-line” rating in a report on Friday, January 23rd. Weiss Ratings restated a “buy (b-)” rating on shares of Northern Trust in a report on Thursday, January 22nd. Finally, TD Cowen raised their target price on shares of Northern Trust from $165.00 to $175.00 and gave the stock a “buy” rating in a report on Monday, January 26th. Four analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $154.55.

Insider Buying and Selling

In other Northern Trust news, Director Richard Petrino bought 1,000 shares of Northern Trust stock in a transaction dated Thursday, February 5th. The stock was bought at an average price of $148.91 per share, for a total transaction of $148,910.00. Following the completion of the acquisition, the director directly owned 3,332 shares of the company’s stock, valued at approximately $496,168.12. This trade represents a 42.88% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Clive Bellows sold 1,148 shares of the stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $145.26, for a total value of $166,758.48. Following the completion of the sale, the insider owned 34,133 shares of the company’s stock, valued at $4,958,159.58. The trade was a 3.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 34,905 shares of company stock valued at $5,166,714. 0.66% of the stock is currently owned by company insiders.

Northern Trust Trading Up 1.5%

Shares of NASDAQ:NTRS opened at $159.16 on Friday. The stock has a market capitalization of $29.50 billion, a price-to-earnings ratio of 18.21, a PEG ratio of 1.23 and a beta of 1.23. Northern Trust Corporation has a 1-year low of $85.72 and a 1-year high of $161.13. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.69 and a current ratio of 0.69. The company has a 50 day moving average price of $143.90 and a 200 day moving average price of $138.67.

Northern Trust (NASDAQ:NTRS) last issued its quarterly earnings results on Friday, January 30th. The asset manager reported $2.42 EPS for the quarter, beating the consensus estimate of $2.37 by $0.05. Northern Trust had a net margin of 12.15% and a return on equity of 14.87%. The business had revenue of $3.15 billion during the quarter. During the same quarter last year, the company posted $2.26 EPS. The firm’s revenue was up 8.4% compared to the same quarter last year. On average, research analysts anticipate that Northern Trust Corporation will post 8.27 EPS for the current fiscal year.

Northern Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 1st. Stockholders of record on Friday, March 6th were issued a $0.80 dividend. The ex-dividend date was Friday, March 6th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.0%. Northern Trust’s dividend payout ratio is presently 36.61%.

Northern Trust Profile

Northern Trust Corporation (NASDAQ: NTRS) is a global financial services firm headquartered in Chicago that provides asset servicing, asset management and wealth management solutions to institutions, corporations and high-net-worth individuals. The company’s core businesses include custody and fund administration, investment operations outsourcing, trust and fiduciary services, private banking, and retirement and defined contribution plan services.

Northern Trust’s product and service offerings span custody and fund accounting, portfolio and performance analytics, securities lending, cash management and foreign exchange, as well as discretionary and non-discretionary investment management.