Orion Portfolio Solutions LLC Decreases Stock Holdings in Northern Trust Co. (NASDAQ:NTRS)

Orion Portfolio Solutions LLC lowered its position in shares of Northern Trust Co. (NASDAQ:NTRS) by 50.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,715 shares of the asset manager’s stock after selling 12,972 shares during the period. Orion Portfolio Solutions LLC’s holdings in Northern Trust were worth $1,303,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in NTRS. Juncture Wealth Strategies LLC raised its stake in shares of Northern Trust by 2.4% during the fourth quarter. Juncture Wealth Strategies LLC now owns 4,212 shares of the asset manager’s stock valued at $432,000 after acquiring an additional 100 shares during the last quarter. Ballentine Partners LLC raised its position in Northern Trust by 4.4% during the 4th quarter. Ballentine Partners LLC now owns 2,483 shares of the asset manager’s stock valued at $255,000 after purchasing an additional 105 shares during the last quarter. Pallas Capital Advisors LLC lifted its holdings in Northern Trust by 1.8% in 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 during the period. Bradley Foster & Sargent Inc. CT grew its position in shares of Northern Trust by 2.4% in the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 4,774 shares of the asset manager’s stock worth $489,000 after buying an additional 114 shares during the last quarter. Finally, Brooklyn Investment Group increased its stake in shares of Northern Trust by 51.2% during the fourth quarter. Brooklyn Investment Group now owns 378 shares of the asset manager’s stock valued at $39,000 after buying an additional 128 shares during the period. Institutional investors own 83.19% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Keefe, Bruyette & Woods raised their price target on Northern Trust from $113.00 to $122.00 and gave the stock a “market perform” rating in a research note on Friday, January 24th. Truist Financial cut their target price on shares of Northern Trust from $116.00 to $98.00 and set a “hold” rating on the stock in a research note on Friday. Barclays increased their price target on shares of Northern Trust from $115.00 to $118.00 and gave the stock an “equal weight” rating in a research note on Monday, January 6th. Citigroup cut their price objective on Northern Trust from $110.00 to $105.00 and set a “neutral” rating on the stock in a research report on Monday, March 24th. Finally, UBS Group increased their target price on Northern Trust from $110.00 to $114.00 and gave the stock a “neutral” rating in a research report on Monday, January 27th. One analyst has rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Northern Trust presently has a consensus rating of “Hold” and a consensus target price of $112.31.

Northern Trust Stock Performance

Shares of Northern Trust stock opened at $86.01 on Friday. Northern Trust Co. has a 1 year low of $79.32 and a 1 year high of $114.67. The firm’s 50-day moving average is $105.63 and its 200 day moving average is $102.99. The stock has a market cap of $16.83 billion, a price-to-earnings ratio of 8.79, a PEG ratio of 1.72 and a beta of 1.10. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.71.

Northern Trust (NASDAQ:NTRS) last posted its quarterly earnings results on Thursday, January 23rd. The asset manager reported $2.26 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 anticipate that Northern Trust Co. will post 8.27 EPS for the current fiscal year.

Northern Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th were paid a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 3.49%. The ex-dividend date was Friday, March 14th. Northern Trust’s dividend payout ratio is currently 30.67%.

Insider Activity

In other news, COO Peter Cherecwich sold 26,132 shares of the business’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 transaction of $2,936,191.52. Following the completion of the transaction, the chief operating officer now directly owns 26,586 shares of the company’s stock, valued at $2,987,202.96. The trade was a 49.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Thomas A. South sold 3,804 shares of the firm’s stock in a transaction that occurred on 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 owns 81,794 shares in the company, valued at $9,242,722. This represents a 4.44 % 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 valued at $3,970,211 over the last ninety days. 0.77% of the stock is currently owned by corporate insiders.

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.