Northern Trust Co. (NASDAQ:NTRS) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its holdings in Northern Trust Co. (NASDAQ:NTRS) by 0.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,267,406 shares of the asset manager’s stock after buying an additional 8,102 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Northern Trust were worth $129,909,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Y.D. More Investments Ltd increased its position in Northern Trust by 118.4% during the 4th quarter. Y.D. More Investments Ltd now owns 249 shares of the asset manager’s stock worth $26,000 after purchasing an additional 135 shares in the last quarter. Brooklyn Investment Group raised its stake in shares of Northern Trust by 51.2% in the 4th quarter. Brooklyn Investment Group now owns 378 shares of the asset manager’s stock valued at $39,000 after acquiring an additional 128 shares during the period. Capital Performance Advisors LLP purchased a new stake in Northern Trust during the 3rd quarter worth $48,000. Friedenthal Financial purchased a new position in Northern Trust in the fourth quarter valued at about $57,000. Finally, Steward Partners Investment Advisory LLC lifted its stake in shares of Northern Trust by 29.8% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 597 shares of the asset manager’s stock worth $61,000 after purchasing an additional 137 shares in the last quarter. 83.19% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Keefe, Bruyette & Woods raised their target price on Northern Trust from $113.00 to $122.00 and gave the company a “market perform” rating in a report on Friday, January 24th. Morgan Stanley lowered their price target 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. Barclays boosted their price objective on shares of Northern Trust from $115.00 to $118.00 and gave the stock an “equal weight” rating in a report on Monday, January 6th. StockNews.com lowered Northern Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Finally, 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 report on Friday, January 24th. One 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 company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $113.50.

Northern Trust Stock Performance

Shares of NTRS stock opened at $104.32 on Friday. The company has a quick ratio of 0.71, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. The business has a 50 day moving average of $108.20 and a two-hundred day moving average of $101.80. The company has a market cap of $20.42 billion, a P/E ratio of 10.67, a PEG ratio of 1.72 and a beta of 1.07. Northern Trust Co. has a 52 week low of $79.30 and a 52 week high of $114.67.

Northern Trust (NASDAQ:NTRS) last issued its earnings results on Thursday, January 23rd. The asset manager reported $2.26 earnings per share for the quarter, topping the consensus estimate of $1.96 by $0.30. Northern Trust had a return on equity of 13.74% and a net margin of 12.77%. As a group, analysts anticipate that Northern Trust Co. will post 8.27 EPS for the current year.

Northern Trust Announces Dividend

The company also recently announced 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. This represents a $3.00 dividend on an annualized basis and a yield of 2.88%. The ex-dividend date is Friday, March 14th. Northern Trust’s payout ratio is 30.67%.

Insiders Place Their Bets

In related news, EVP Thomas A. South sold 3,804 shares of the stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $113.00, for a total value of $429,852.00. Following the completion of the transaction, the executive vice president now directly owns 81,794 shares of the company’s stock, valued at $9,242,722. This represents a 4.44 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available 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 stock was sold at an average price of $111.33, for a total value 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. 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. Insiders own 0.64% of the company’s stock.

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.