CFO4Life Group LLC Purchases New Position in Northern Trust Co. (NASDAQ:NTRS)

CFO4Life Group LLC purchased a new stake in shares of Northern Trust Co. (NASDAQ:NTRS) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 6,336 shares of the asset manager’s stock, valued at approximately $649,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. PGGM Investments acquired a new stake in Northern Trust during the 4th quarter worth approximately $3,229,000. Skandinaviska Enskilda Banken AB publ boosted its position in Northern Trust by 202.2% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 119,016 shares of the asset manager’s stock worth $12,227,000 after buying an additional 79,628 shares during the period. Erste Asset Management GmbH boosted its position in Northern Trust by 12.2% during the 4th quarter. Erste Asset Management GmbH now owns 72,800 shares of the asset manager’s stock worth $7,559,000 after buying an additional 7,900 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Northern Trust during the 4th quarter worth approximately $1,356,000. Finally, EverSource Wealth Advisors LLC boosted its position in Northern Trust by 83.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 494 shares of the asset manager’s stock worth $51,000 after buying an additional 224 shares during the period. 83.19% of the stock is owned by institutional investors.

Insider Buying and Selling at Northern Trust

In other Northern Trust news, EVP Thomas A. South sold 3,804 shares of the business’s stock in a transaction on Wednesday, February 19th. The shares were 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 owns 81,794 shares in the company, valued at approximately $9,242,722. The trade was a 4.44 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Jane Karpinski sold 2,262 shares of the business’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $111.33, for a total transaction of $251,828.46. Following the sale, the executive vice president now owns 17,236 shares of the company’s stock, valued at $1,918,883.88. This trade represents a 11.60 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 35,335 shares of company stock worth $3,970,211. 0.64% of the stock is owned by corporate insiders.

Northern Trust Stock Performance

NASDAQ:NTRS opened at $98.23 on Thursday. The company has a fifty day moving average of $107.99 and a 200-day moving average of $102.04. The firm has a market capitalization of $19.22 billion, a P/E ratio of 10.04, a P/E/G ratio of 1.72 and a beta of 1.07. The company has a quick ratio of 0.71, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. Northern Trust Co. has a twelve month low of $79.30 and a twelve month high of $114.67.

Northern Trust (NASDAQ:NTRS) last released its quarterly earnings data on Thursday, January 23rd. The asset manager reported $2.26 earnings per share 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%. As a group, sell-side analysts anticipate that Northern Trust Co. will post 8.27 EPS for the current year.

Northern Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be paid a dividend of $0.75 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $3.00 dividend on an annualized basis and a yield of 3.05%. Northern Trust’s dividend payout ratio (DPR) is presently 30.67%.

Analyst Upgrades and Downgrades

NTRS has been the topic of several recent research reports. UBS Group lifted their target price on shares of Northern Trust from $110.00 to $114.00 and gave the stock a “neutral” rating in a research report on Monday, January 27th. Keefe, Bruyette & Woods lifted 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 report on Friday, January 24th. Truist Financial boosted their price target on shares of Northern Trust from $110.00 to $116.00 and gave the stock a “hold” rating in a research report 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 stock a “sell” rating in a research report on Friday, January 24th. Finally, Morgan Stanley dropped their price target on shares of Northern Trust from $138.00 to $136.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 6th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Northern Trust has an average rating of “Hold” and an average target price of $113.50.

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.