Wealthfront Advisers LLC Has $1.91 Million Stake in Northern Trust Co. (NASDAQ:NTRS)

Wealthfront Advisers LLC increased its position in shares of Northern Trust Co. (NASDAQ:NTRS) by 209.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,644 shares of the asset manager’s stock after purchasing an additional 12,614 shares during the period. Wealthfront Advisers LLC’s holdings in Northern Trust were worth $1,911,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in NTRS. Sumitomo Mitsui Trust Group Inc. lifted its holdings in Northern Trust by 2.3% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 452,702 shares of the asset manager’s stock worth $40,757,000 after purchasing an additional 10,202 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in Northern Trust by 67.4% during the 3rd quarter. Victory Capital Management Inc. now owns 403,990 shares of the asset manager’s stock worth $36,371,000 after purchasing an additional 162,623 shares during the last quarter. Haverford Trust Co lifted its holdings in Northern Trust by 5.9% during the 3rd quarter. Haverford Trust Co now owns 2,904 shares of the asset manager’s stock worth $261,000 after purchasing an additional 163 shares during the last quarter. Huntington National Bank lifted its holdings in Northern Trust by 17.1% during the 3rd quarter. Huntington National Bank now owns 2,133 shares of the asset manager’s stock worth $192,000 after purchasing an additional 311 shares during the last quarter. Finally, Metis Global Partners LLC lifted its holdings in Northern Trust by 4.8% during the 3rd quarter. Metis Global Partners LLC now owns 13,527 shares of the asset manager’s stock worth $1,218,000 after purchasing an additional 615 shares during the last quarter. 83.19% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently weighed in on NTRS. Wells Fargo & Company lifted their price target on Northern Trust from $108.00 to $110.00 and gave the stock an “equal weight” rating in a report on Friday, November 15th. Keefe, Bruyette & Woods raised their price objective 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. Royal Bank of Canada raised their price objective on Northern Trust from $107.00 to $115.00 and gave the stock an “outperform” rating in a research note on Friday, January 24th. Morgan Stanley lowered their price objective on Northern Trust from $138.00 to $136.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 6th. Finally, StockNews.com lowered Northern Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. One analyst has rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $113.50.

Insider Buying and Selling

In related news, insider Jason J. Tyler sold 2,237 shares of the business’s stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $112.67, for a total transaction of $252,042.79. Following the sale, the insider now owns 58,449 shares in the company, valued at $6,585,448.83. The trade was a 3.69 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider John Landers sold 900 shares of the business’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 sale, the insider now owns 7,640 shares in the company, valued at $851,401.60. This represents a 10.54 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 35,335 shares of company stock worth $3,970,211 in the last 90 days. Insiders own 0.64% of the company’s stock.

Northern Trust Trading Up 1.9 %

Shares of NTRS opened at $97.88 on Friday. Northern Trust Co. has a 52-week low of $79.32 and a 52-week high of $114.67. The business’s fifty day moving average is $107.74 and its 200-day moving average is $102.06. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.71 and a current ratio of 0.68. The firm has a market cap of $19.15 billion, a price-to-earnings ratio of 10.01, a PEG ratio of 1.72 and a beta of 1.07.

Northern Trust (NASDAQ:NTRS) last issued 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%. Equities analysts anticipate that Northern Trust Co. will post 8.27 EPS for the current fiscal year.

Northern Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $3.00 dividend on an annualized basis and a yield of 3.06%. Northern Trust’s dividend payout ratio is currently 30.67%.

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.