2,058 Shares in Northern Trust Co. (NASDAQ:NTRS) Bought by Callan Family Office LLC

Callan Family Office LLC acquired a new position in shares of Northern Trust Co. (NASDAQ:NTRS) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,058 shares of the asset manager’s stock, valued at approximately $211,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Y.D. More Investments Ltd increased its holdings in Northern Trust by 118.4% in the 4th quarter. Y.D. More Investments Ltd now owns 249 shares of the asset manager’s stock worth $26,000 after purchasing an additional 135 shares in the last quarter. Empirical Asset Management LLC acquired a new position in Northern Trust in the 4th quarter worth about $33,000. Brooklyn Investment Group increased its holdings in 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 purchasing an additional 128 shares in the last quarter. Assetmark Inc. increased its holdings in Northern Trust by 528.3% in the 4th quarter. Assetmark Inc. now owns 377 shares of the asset manager’s stock worth $39,000 after purchasing an additional 317 shares in the last quarter. Finally, Proficio Capital Partners LLC acquired a new position in Northern Trust in the 4th quarter worth about $51,000. 83.19% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on NTRS. Keefe, Bruyette & Woods upped their target price on Northern Trust from $113.00 to $122.00 and gave the stock a “market perform” rating in a report on Friday, January 24th. UBS Group upped their target price on Northern Trust from $110.00 to $114.00 and gave the stock a “neutral” rating in a report on Monday, January 27th. Barclays upped their target price on Northern Trust from $115.00 to $118.00 and gave the stock an “equal weight” rating in a report on Monday, January 6th. Morgan Stanley decreased their price target on Northern Trust from $138.00 to $136.00 and set an “equal weight” rating for the company in a research note on Thursday, March 6th. Finally, 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 research note on Friday, January 24th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $113.50.

Northern Trust Stock Down 3.8 %

Shares of Northern Trust stock opened at $97.49 on Wednesday. Northern Trust Co. has a one year low of $79.30 and a one year high of $114.67. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.71. The stock’s 50-day moving average is $108.08 and its 200 day moving average is $102.07. The firm has a market cap of $19.08 billion, a price-to-earnings ratio of 9.97, a PEG ratio of 1.72 and a beta of 1.07.

Northern Trust (NASDAQ:NTRS) last announced its earnings results on Thursday, January 23rd. The asset manager reported $2.26 EPS for the quarter, beating the consensus estimate of $1.96 by $0.30. Northern Trust had a return on equity of 13.74% and a net margin of 12.77%. Equities research analysts anticipate that Northern Trust Co. will post 8.27 EPS for the current year.

Northern Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be given a dividend of $0.75 per share. The ex-dividend date is Friday, March 14th. This represents a $3.00 annualized dividend and a dividend yield of 3.08%. Northern Trust’s payout ratio is 30.67%.

Insider Activity at Northern Trust

In other Northern Trust news, COO Peter Cherecwich sold 26,132 shares of the stock in a transaction that occurred on Wednesday, January 29th. The stock was sold at an average price of $112.36, for a total value of $2,936,191.52. Following the transaction, the chief operating officer now owns 26,586 shares in the company, valued at approximately $2,987,202.96. This represents a 49.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jason J. Tyler sold 2,237 shares of the stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $112.67, for a total value of $252,042.79. Following the completion of the transaction, the insider now owns 58,449 shares in the company, valued at approximately $6,585,448.83. The trade was a 3.69 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 35,335 shares of company stock worth $3,970,211 in the last 90 days. Corporate insiders own 0.64% of the company’s stock.

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.