Chicago Capital LLC Raises Stock Holdings in Northern Trust Co. (NASDAQ:NTRS)

Chicago Capital LLC grew its holdings in Northern Trust Co. (NASDAQ:NTRS) by 2.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 13,617 shares of the asset manager’s stock after acquiring an additional 365 shares during the quarter. Chicago Capital LLC’s holdings in Northern Trust were worth $1,396,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in NTRS. FMR LLC grew its holdings in Northern Trust by 9.3% in the 3rd quarter. FMR LLC now owns 18,187,663 shares of the asset manager’s stock valued at $1,637,435,000 after buying an additional 1,542,685 shares in the last quarter. KBC Group NV boosted its position in shares of Northern Trust by 201.6% during the 4th quarter. KBC Group NV now owns 963,811 shares of the asset manager’s stock valued at $98,791,000 after acquiring an additional 644,261 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Northern Trust by 9.9% in the third 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 during the period. Robeco Institutional Asset Management B.V. increased its position in Northern Trust by 62.8% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 678,461 shares of the asset manager’s stock worth $69,542,000 after purchasing an additional 261,797 shares during the last quarter. Finally, International Assets Investment Management LLC raised its stake in Northern Trust by 93,421.2% during the third quarter. International Assets Investment Management LLC now owns 185,172 shares of the asset manager’s stock worth $152,194,000 after purchasing an additional 184,974 shares during the period. 83.19% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NTRS has been the subject of several recent analyst reports. Truist Financial raised their target price on Northern Trust from $110.00 to $116.00 and gave the stock a “hold” rating in a research note on Friday, January 24th. UBS Group boosted their price objective on shares of Northern Trust from $110.00 to $114.00 and gave the company a “neutral” rating in a report on Monday, January 27th. Keefe, Bruyette & Woods increased their target price on shares of Northern Trust from $113.00 to $122.00 and gave the stock a “market perform” rating in a research note on Friday, January 24th. The Goldman Sachs Group boosted their price target on shares of Northern Trust from $92.00 to $102.00 and gave the company a “sell” rating in a research note on Friday, January 24th. Finally, Royal Bank of Canada increased their price objective on shares of Northern Trust from $107.00 to $115.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $112.58.

Insider Buying and Selling

In related news, COO Peter Cherecwich sold 16,153 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $105.18, for a total value of $1,698,972.54. Following the sale, the chief operating officer now directly owns 4,397 shares in the company, valued at $462,476.46. The trade was a 78.60 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Jason J. Tyler sold 2,237 shares of the company’s stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $112.67, for a total transaction of $252,042.79. Following the sale, the insider now directly owns 58,449 shares of the company’s stock, valued at $6,585,448.83. This represents a 3.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 58,622 shares of company stock valued at $6,426,307 in the last three months. 0.64% of the stock is currently owned by corporate insiders.

Northern Trust Stock Performance

NASDAQ NTRS opened at $110.82 on Tuesday. The business’s 50-day moving average price is $106.25 and its 200 day moving average price is $97.59. Northern Trust Co. has a twelve month low of $76.67 and a twelve month high of $114.21. The company has a current ratio of 0.68, a quick ratio of 0.71 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $21.97 billion, a PE ratio of 11.33, a price-to-earnings-growth ratio of 1.72 and a beta of 1.08.

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%. On average, research analysts predict that Northern Trust Co. will post 8.2 earnings per share for the current year.

Northern Trust Announces Dividend

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 given a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 2.71%. The ex-dividend date of this dividend is Friday, March 14th. Northern Trust’s dividend payout ratio (DPR) is 30.67%.

Northern Trust 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.