Callan Family Office LLC Takes Position in Northern Trust Co. (NASDAQ:NTRS)

Callan Family Office LLC bought a new stake in Northern Trust Co. (NASDAQ:NTRS) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,058 shares of the asset manager’s stock, valued at approximately $211,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NTRS. FMR LLC increased its stake in shares of Northern Trust by 9.3% in the third quarter. FMR LLC now owns 18,187,663 shares of the asset manager’s stock valued at $1,637,435,000 after buying an additional 1,542,685 shares in the last quarter. KBC Group NV increased its stake in shares of Northern Trust by 201.6% in the fourth quarter. KBC Group NV now owns 963,811 shares of the asset manager’s stock valued at $98,791,000 after buying an additional 644,261 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Northern Trust by 9.9% in the third quarter. JPMorgan Chase & Co. now owns 4,296,442 shares of the asset manager’s stock valued at $386,809,000 after buying an additional 388,692 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its stake in shares of Northern Trust by 62.8% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 678,461 shares of the asset manager’s stock valued at $69,542,000 after buying an additional 261,797 shares in the last quarter. Finally, Victory Capital Management Inc. increased its stake in shares of Northern Trust by 67.4% in the third quarter. Victory Capital Management Inc. now owns 403,990 shares of the asset manager’s stock valued at $36,371,000 after buying an additional 162,623 shares in the last quarter. 83.19% of the stock is currently owned by institutional investors and hedge funds.

Northern Trust Stock Performance

NTRS opened at $97.49 on Wednesday. The business has a fifty day simple moving average of $108.08 and a 200 day simple moving average of $102.07. The company has a market capitalization of $19.08 billion, a PE ratio of 9.97, a price-to-earnings-growth ratio of 1.72 and a beta of 1.07. Northern Trust Co. has a 1 year low of $79.30 and a 1 year high of $114.67. 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 released 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 return on equity of 13.74% and a net margin of 12.77%. Research analysts expect that Northern Trust Co. will post 8.27 EPS for the current year.

Northern Trust Dividend Announcement

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 3.08%. Northern Trust’s payout ratio is 30.67%.

Insider Activity

In other news, EVP Thomas A. South sold 3,804 shares of the company’s stock in a transaction 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 directly owns 81,794 shares in the company, valued at approximately $9,242,722. This represents a 4.44 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Peter Cherecwich sold 26,132 shares of the company’s stock in a transaction on Wednesday, January 29th. The stock was sold at an average price of $112.36, for a total value of $2,936,191.52. Following the sale, the chief operating officer now owns 26,586 shares of the company’s stock, valued at approximately $2,987,202.96. This represents a 49.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 35,335 shares of company stock worth $3,970,211. 0.64% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

NTRS has been the subject of a number of research reports. Morgan Stanley lowered their price objective on Northern Trust from $138.00 to $136.00 and set an “equal weight” rating for the company in a research report on Thursday, March 6th. The Goldman Sachs Group lifted their price objective on Northern Trust from $92.00 to $102.00 and gave the stock a “sell” rating in a research report on Friday, January 24th. StockNews.com lowered Northern Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Royal Bank of Canada lifted their price objective on Northern Trust from $107.00 to $115.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. Finally, Barclays lifted their price objective on Northern Trust from $115.00 to $118.00 and gave the stock an “equal weight” rating in a research report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $113.50.

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.