New Age Alpha Advisors LLC Takes Position in Northern Trust Co. (NASDAQ:NTRS)

New Age Alpha Advisors LLC bought a new position in Northern Trust Co. (NASDAQ:NTRS) in the fourth quarter, according to its most recent filing with the SEC. The firm bought 10,256 shares of the asset manager’s stock, valued at approximately $1,051,000.

Several other large investors also recently bought and sold shares of NTRS. Juncture Wealth Strategies LLC raised its position in Northern Trust by 2.4% during the fourth quarter. Juncture Wealth Strategies LLC now owns 4,212 shares of the asset manager’s stock worth $432,000 after acquiring an additional 100 shares during the period. Ballentine Partners LLC lifted its stake in Northern Trust by 4.4% in the 4th quarter. Ballentine Partners LLC now owns 2,483 shares of the asset manager’s stock valued at $255,000 after buying an additional 105 shares in the last quarter. Pallas Capital Advisors LLC increased its stake in Northern Trust by 1.8% during the 4th quarter. Pallas Capital Advisors LLC now owns 6,091 shares of the asset manager’s stock worth $624,000 after buying an additional 107 shares in the last quarter. Bradley Foster & Sargent Inc. CT raised its holdings in shares of Northern Trust by 2.4% during the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 4,774 shares of the asset manager’s stock valued at $489,000 after acquiring an additional 114 shares during the last quarter. Finally, Brooklyn Investment Group lifted its position in shares of Northern Trust by 51.2% in the fourth quarter. Brooklyn Investment Group now owns 378 shares of the asset manager’s stock valued at $39,000 after acquiring an additional 128 shares in the last quarter. Hedge funds and other institutional investors own 83.19% of the company’s stock.

Insider Activity

In other news, COO Peter Cherecwich sold 26,132 shares of the firm’s stock in a transaction that occurred on Wednesday, January 29th. The shares were sold at an average price of $112.36, for a total value of $2,936,191.52. Following the completion of the transaction, the chief operating officer now owns 26,586 shares of the company’s stock, valued at approximately $2,987,202.96. This trade represents a 49.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider John Landers sold 900 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $111.44, for a total transaction of $100,296.00. Following the sale, the insider now directly owns 7,640 shares in the company, valued at approximately $851,401.60. The trade was a 10.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 35,335 shares of company stock valued at $3,970,211. 0.77% of the stock is currently owned by corporate insiders.

Northern Trust Stock Up 1.5 %

Shares of NASDAQ:NTRS opened at $98.65 on Tuesday. The business has a 50-day moving average price of $106.88 and a 200 day moving average price of $103.07. Northern Trust Co. has a 12-month low of $79.32 and a 12-month high of $114.67. 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 $19.31 billion, a price-to-earnings ratio of 10.09, a PEG ratio of 1.72 and a beta of 1.07.

Northern Trust (NASDAQ:NTRS) last released its quarterly earnings results on Thursday, January 23rd. The asset manager reported $2.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.96 by $0.30. Northern Trust had a net margin of 12.77% and a return on equity of 13.74%. Sell-side analysts expect that Northern Trust Co. will post 8.27 EPS for the current year.

Northern Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders 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 3.04%. Northern Trust’s dividend payout ratio is currently 30.67%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on NTRS shares. Keefe, Bruyette & Woods increased their price objective 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. Wells Fargo & Company reduced their target price on shares of Northern Trust from $119.00 to $118.00 and set an “equal weight” rating for the company in a research report on Friday. Royal Bank of Canada boosted their price target 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. Morgan Stanley cut their price objective on shares of Northern Trust from $138.00 to $136.00 and set an “equal weight” rating for the company in a report on Thursday, March 6th. Finally, StockNews.com cut Northern Trust from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Northern Trust currently has a consensus rating of “Hold” and a consensus price target of $113.46.

Northern Trust Company 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.