Captrust Financial Advisors Increases Holdings in Northern Trust Co. (NASDAQ:NTRS)

Captrust Financial Advisors increased its stake in Northern Trust Co. (NASDAQ:NTRS) by 16.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,487 shares of the asset manager’s stock after acquiring an additional 1,941 shares during the period. Captrust Financial Advisors’ holdings in Northern Trust were worth $1,382,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Ballentine Partners LLC increased its position in Northern Trust by 4.4% during the 4th quarter. Ballentine Partners LLC now owns 2,483 shares of the asset manager’s stock valued at $255,000 after purchasing an additional 105 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its stake in Northern Trust by 24.7% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 22,061 shares of the asset manager’s stock worth $2,286,000 after purchasing an additional 4,374 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Northern Trust by 9.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,296,442 shares of the asset manager’s stock valued at $386,809,000 after purchasing an additional 388,692 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in Northern Trust during the 4th quarter valued at approximately $7,437,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Northern Trust by 0.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,267,406 shares of the asset manager’s stock worth $129,909,000 after buying an additional 8,102 shares during the period. Hedge funds and other institutional investors own 83.19% of the company’s stock.

Insider Buying and Selling at Northern Trust

In related news, EVP Clive Bellows sold 3,300 shares of the business’s stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $99.95, for a total transaction of $329,835.00. Following the completion of the sale, the executive vice president now directly owns 28,736 shares in the company, valued at approximately $2,872,163.20. The trade was a 10.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Teresa Parker sold 6,467 shares of the firm’s stock in a transaction on Friday, May 9th. The shares were sold at an average price of $100.62, for a total value of $650,709.54. Following the completion of the transaction, the insider now owns 79,391 shares in the company, valued at $7,988,322.42. The trade was a 7.53% decrease in their position. The disclosure for this sale can be found here. Insiders sold 13,571 shares of company stock valued at $1,410,397 over the last quarter. 0.77% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Wells Fargo & Company cut their target price on Northern Trust from $118.00 to $111.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 23rd. Bank of America decreased their target price on Northern Trust from $123.00 to $121.00 and set a “buy” rating for the company in a report on Wednesday, April 2nd. Evercore ISI decreased their price objective on shares of Northern Trust from $104.00 to $100.00 and set an “in-line” rating for the company in a research note on Wednesday, April 23rd. Citigroup lowered their price objective on Northern Trust from $110.00 to $105.00 and set a “neutral” rating on the stock in a research report on Monday, March 24th. Finally, Keefe, Bruyette & Woods increased their price target on shares of Northern Trust from $113.00 to $122.00 and gave the stock a “market perform” rating in a report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, Northern Trust presently has an average rating of “Hold” and an average target price of $110.83.

Northern Trust Stock Performance

NTRS opened at $106.39 on Thursday. The company has a quick ratio of 0.71, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. The company has a market cap of $20.70 billion, a price-to-earnings ratio of 10.88, a PEG ratio of 1.72 and a beta of 1.18. Northern Trust Co. has a 52-week low of $79.68 and a 52-week high of $114.67. The firm’s fifty day simple moving average is $95.10 and its two-hundred day simple moving average is $102.97.

Northern Trust (NASDAQ:NTRS) last released its earnings results on Tuesday, April 22nd. The asset manager reported $1.90 EPS for the quarter, topping analysts’ consensus estimates of $1.85 by $0.05. The business had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.95 billion. Northern Trust had a net margin of 12.77% and a return on equity of 13.74%. Equities analysts anticipate that Northern Trust Co. will post 8.27 earnings per share for the current fiscal year.

Northern Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 6th will be issued a dividend of $0.75 per share. The ex-dividend date is Friday, June 6th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.82%. Northern Trust’s payout ratio is currently 27.99%.

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.