1,970 Shares in Northern Trust Co. (NASDAQ:NTRS) Acquired by Marietta Investment Partners LLC

Marietta Investment Partners LLC bought a new stake in shares of Northern Trust Co. (NASDAQ:NTRS) during the 4th quarter, HoldingsChannel reports. The firm bought 1,970 shares of the asset manager’s stock, valued at approximately $202,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Ballentine Partners LLC raised its position in Northern Trust by 4.4% in the 4th 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. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Northern Trust by 24.7% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 22,061 shares of the asset manager’s stock worth $2,286,000 after acquiring an additional 4,374 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Northern Trust by 9.9% during 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 last quarter. Kovitz Investment Group Partners LLC lifted its position in Northern Trust by 68.1% during the third quarter. Kovitz Investment Group Partners LLC now owns 13,765 shares of the asset manager’s stock valued at $1,239,000 after purchasing an additional 5,578 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in Northern Trust by 0.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,267,406 shares of the asset manager’s stock worth $129,909,000 after purchasing an additional 8,102 shares during the period. Institutional investors own 83.19% of the company’s stock.

Insider Activity

In related news, insider John Landers sold 900 shares of the company’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $111.44, for a total transaction of $100,296.00. Following the transaction, the insider now directly owns 7,640 shares in the company, valued at approximately $851,401.60. This represents a 10.54 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Thomas A. South sold 3,804 shares of the stock in a transaction dated 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 sale, the executive vice president now directly owns 81,794 shares in the company, valued at $9,242,722. This trade represents a 4.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 35,335 shares of company stock valued at $3,970,211. 0.64% of the stock is currently owned by insiders.

Northern Trust Stock Down 0.1 %

Shares of NTRS stock opened at $98.77 on Friday. Northern Trust Co. has a 52 week low of $79.32 and a 52 week high of $114.67. 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’s fifty day simple moving average is $107.42 and its two-hundred day simple moving average is $102.37. The stock has a market cap of $19.33 billion, a P/E ratio of 10.10, a PEG ratio of 1.72 and a beta of 1.07.

Northern Trust (NASDAQ:NTRS) last announced its quarterly earnings results on Thursday, January 23rd. The asset manager reported $2.26 earnings per share for the quarter, topping 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%. Analysts predict that Northern Trust Co. will post 8.27 EPS for the current fiscal year.

Northern Trust Announces Dividend

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

Analyst Ratings Changes

Several research firms have recently weighed in on NTRS. The Goldman Sachs Group increased their price target on Northern Trust from $92.00 to $102.00 and gave the company a “sell” rating in a report on Friday, January 24th. Morgan Stanley reduced their price target on shares of Northern Trust from $138.00 to $136.00 and set an “equal weight” rating for the company in a research report on Thursday, March 6th. Royal Bank of Canada raised their price objective on shares of Northern Trust from $107.00 to $115.00 and gave the stock an “outperform” rating in a report on Friday, January 24th. 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 research report on Friday, January 24th. Finally, Truist Financial lifted their target price on Northern Trust from $110.00 to $116.00 and gave the company a “hold” rating in a research report on Friday, January 24th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price 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.