Marble Harbor Investment Counsel LLC Has $12.58 Million Stock Holdings in Northern Trust Co. (NASDAQ:NTRS)

Marble Harbor Investment Counsel LLC raised its position in Northern Trust Co. (NASDAQ:NTRS) by 0.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 122,701 shares of the asset manager’s stock after buying an additional 995 shares during the period. Northern Trust accounts for about 1.4% of Marble Harbor Investment Counsel LLC’s investment portfolio, making the stock its 23rd biggest position. Marble Harbor Investment Counsel LLC owned 0.06% of Northern Trust worth $12,577,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ballentine Partners LLC boosted its stake in Northern Trust by 4.4% in the fourth quarter. Ballentine Partners LLC now owns 2,483 shares of the asset manager’s stock worth $255,000 after purchasing an additional 105 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Northern Trust by 24.7% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 22,061 shares of the asset manager’s stock valued at $2,286,000 after acquiring an additional 4,374 shares during the period. JPMorgan Chase & Co. lifted its stake 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 acquiring an additional 388,692 shares during the period. Kovitz Investment Group Partners LLC lifted its position in Northern Trust by 68.1% during the 3rd 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, Caprock Group LLC acquired a new position in Northern Trust during the 4th quarter valued at about $1,059,000. 83.19% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Northern Trust news, EVP Jane Karpinski sold 2,262 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $111.33, for a total transaction of $251,828.46. Following the transaction, the executive vice president now owns 17,236 shares of the company’s stock, valued at $1,918,883.88. The trade was a 11.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jason J. Tyler sold 2,237 shares of the business’s 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 transaction, the insider now directly owns 58,449 shares in the company, valued at $6,585,448.83. The trade was a 3.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 35,335 shares of company stock worth $3,970,211. Insiders own 0.64% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on NTRS shares. 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. Barclays increased their target price on Northern Trust from $115.00 to $118.00 and gave the company an “equal weight” rating in a research note on Monday, January 6th. Keefe, Bruyette & Woods increased their target price on Northern Trust from $113.00 to $122.00 and gave the company a “market perform” rating in a research note on Friday, January 24th. StockNews.com downgraded shares of Northern Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of Northern Trust from $100.00 to $108.00 and gave the stock a “hold” rating in a report on Monday, November 11th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $113.50.

Northern Trust Trading Up 0.5 %

NASDAQ:NTRS opened at $104.32 on Friday. The company has a market cap of $20.42 billion, a P/E ratio of 10.67, a price-to-earnings-growth ratio of 1.72 and a beta of 1.07. Northern Trust Co. has a twelve month low of $79.30 and a twelve month high of $114.67. The business has a 50 day moving average price of $108.20 and a two-hundred day moving average price of $101.69. 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 (NASDAQ:NTRS) last issued 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%. As a group, analysts expect that Northern Trust Co. will post 8.27 EPS for the current fiscal year.

Northern Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be issued 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 2.88%. Northern Trust’s payout ratio is 30.67%.

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.