Northern Trust Co. (NASDAQ:NTRS) Shares Acquired by Aviance Capital Partners LLC

Aviance Capital Partners LLC raised its stake in shares of Northern Trust Co. (NASDAQ:NTRS) by 8.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,301 shares of the asset manager’s stock after buying an additional 716 shares during the period. Aviance Capital Partners LLC’s holdings in Northern Trust were worth $827,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NTRS. Ballast Inc. raised its holdings in Northern Trust by 1.1% during the fourth quarter. Ballast Inc. now owns 12,208 shares of the asset manager’s stock worth $1,030,000 after purchasing an additional 136 shares in the last quarter. Mather Group LLC. lifted its holdings in shares of Northern Trust by 3.6% in the fourth quarter. Mather Group LLC. now owns 4,271 shares of the asset manager’s stock valued at $360,000 after buying an additional 147 shares during the period. Diversified Trust Co boosted its stake in Northern Trust by 1.9% during the fourth quarter. Diversified Trust Co now owns 8,531 shares of the asset manager’s stock valued at $720,000 after buying an additional 156 shares in the last quarter. Quent Capital LLC grew its holdings in Northern Trust by 77.8% during the fourth quarter. Quent Capital LLC now owns 361 shares of the asset manager’s stock worth $30,000 after acquiring an additional 158 shares during the period. Finally, Harvest Investment Advisors LLC raised its position in Northern Trust by 1.0% in the fourth quarter. Harvest Investment Advisors LLC now owns 16,291 shares of the asset manager’s stock worth $1,375,000 after acquiring an additional 160 shares in the last quarter. 83.19% of the stock is currently owned by institutional investors.

Insider Transactions at Northern Trust

In related news, insider Steven L. Fradkin sold 4,097 shares of the stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $82.56, for a total value of $338,248.32. Following the transaction, the insider now owns 46,078 shares in the company, valued at $3,804,199.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, insider Steven L. Fradkin sold 4,097 shares of the company’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $82.56, for a total value of $338,248.32. Following the completion of the sale, the insider now directly owns 46,078 shares in the company, valued at $3,804,199.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Peter Cherecwich sold 12,000 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $87.09, for a total value of $1,045,080.00. Following the transaction, the insider now owns 31,471 shares in the company, valued at $2,740,809.39. The disclosure for this sale can be found here. Company insiders own 0.64% of the company’s stock.

Northern Trust Stock Performance

Shares of NTRS opened at $83.83 on Tuesday. The company has a market capitalization of $17.15 billion, a PE ratio of 18.51, a PEG ratio of 1.19 and a beta of 1.10. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.71 and a current ratio of 0.71. The company’s 50 day moving average price is $83.62 and its 200 day moving average price is $83.18. Northern Trust Co. has a 52 week low of $62.44 and a 52 week high of $89.25.

Northern Trust (NASDAQ:NTRS) last posted its quarterly earnings results on Tuesday, April 16th. The asset manager reported $1.70 EPS for the quarter, beating the consensus estimate of $1.47 by $0.23. Northern Trust had a net margin of 7.59% and a return on equity of 12.57%. The business had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.79 billion. Research analysts expect that Northern Trust Co. will post 6.88 EPS for the current fiscal year.

Northern Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, July 1st. Shareholders of record on Friday, June 7th were given a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 3.58%. The ex-dividend date was Friday, June 7th. Northern Trust’s payout ratio is currently 66.23%.

Analyst Ratings Changes

Several research firms have recently weighed in on NTRS. Jefferies Financial Group raised their price objective on shares of Northern Trust from $101.00 to $103.00 and gave the company a “buy” rating in a research report on Thursday, April 18th. Bank of America lifted their price target on shares of Northern Trust from $93.00 to $101.00 and gave the stock a “buy” rating in a research report on Wednesday, April 17th. Keefe, Bruyette & Woods cut their price objective on Northern Trust from $92.00 to $85.00 and set a “market perform” rating for the company in a research report on Thursday, June 27th. Finally, Evercore ISI lifted their target price on Northern Trust from $86.00 to $87.00 and gave the stock an “in-line” rating in a report on Thursday, April 4th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Northern Trust currently has an average rating of “Hold” and a consensus price target of $85.75.

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.