Northern Trust Co. (NASDAQ:NTRS) Position Boosted by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd raised its position in shares of Northern Trust Co. (NASDAQ:NTRS) by 84.5% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 21,936 shares of the asset manager’s stock after buying an additional 10,045 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Northern Trust were worth $2,248,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of NTRS. Creative Planning lifted its stake in Northern Trust by 4.1% during the third quarter. Creative Planning now owns 24,582 shares of the asset manager’s stock valued at $2,213,000 after buying an additional 968 shares in the last quarter. Allworth Financial LP lifted its stake in Northern Trust by 9.1% during the third quarter. Allworth Financial LP now owns 1,170 shares of the asset manager’s stock valued at $105,000 after buying an additional 98 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Northern Trust by 28.2% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,687 shares of the asset manager’s stock worth $1,593,000 after purchasing an additional 3,894 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Northern Trust by 8.4% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 15,807 shares of the asset manager’s stock worth $1,423,000 after purchasing an additional 1,219 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale raised its position in Northern Trust by 0.4% during the third quarter. DekaBank Deutsche Girozentrale now owns 43,871 shares of the asset manager’s stock valued at $3,941,000 after acquiring an additional 158 shares in the last quarter. 83.19% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on NTRS. Barclays raised their price objective on shares of Northern Trust from $115.00 to $118.00 and gave the company an “equal weight” rating in a research report on Monday, January 6th. Wells Fargo & Company raised their price objective on shares of Northern Trust from $108.00 to $110.00 and gave the company an “equal weight” rating in a research report on Friday, November 15th. UBS Group raised their price objective on shares of Northern Trust from $110.00 to $114.00 and gave the company a “neutral” rating in a research report on Monday, January 27th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Northern Trust from $100.00 to $108.00 and gave the company a “hold” rating in a research report on Monday, November 11th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Northern Trust from $113.00 to $122.00 and gave the company a “market perform” rating in a research report on Friday, January 24th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $112.58.

Insider Transactions at Northern Trust

In related news, EVP Jane Karpinski sold 2,262 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $111.33, for a total value of $251,828.46. Following the completion of the transaction, the executive vice president now directly owns 17,236 shares of the company’s stock, valued at $1,918,883.88. This trade represents a 11.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John Landers sold 900 shares of the firm’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $111.44, for a total value of $100,296.00. Following the completion of the transaction, the insider now directly owns 7,640 shares of the company’s stock, valued at approximately $851,401.60. This trade represents a 10.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 44,435 shares of company stock worth $4,980,311. Insiders own 0.64% of the company’s stock.

Northern Trust Trading Down 0.1 %

Shares of NTRS stock opened at $112.82 on Tuesday. The business’s 50 day moving average is $107.39 and its two-hundred day moving average is $100.51. The company has a market cap of $22.36 billion, a PE ratio of 11.54, a price-to-earnings-growth ratio of 1.72 and a beta of 1.08. 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 12 month low of $79.30 and a 12 month high of $114.67.

Northern Trust (NASDAQ:NTRS) last announced its quarterly earnings data on Thursday, January 23rd. The asset manager reported $2.26 earnings per share (EPS) for the quarter, topping 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%. Equities analysts predict that Northern Trust Co. will post 8.27 EPS for the current year.

Northern Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be paid a $0.75 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $3.00 annualized dividend and a dividend yield of 2.66%. Northern Trust’s payout ratio is 30.67%.

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.