Graves Light Lenhart Wealth Inc. Trims Stock Position in Northern Trust Co. (NASDAQ:NTRS)

Graves Light Lenhart Wealth Inc. decreased its position in Northern Trust Co. (NASDAQ:NTRSFree Report) by 13.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,000 shares of the asset manager’s stock after selling 321 shares during the period. Graves Light Lenhart Wealth Inc.’s holdings in Northern Trust were worth $205,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in NTRS. Pallas Capital Advisors LLC increased its stake in Northern Trust by 1.8% during the fourth quarter. Pallas Capital Advisors LLC now owns 6,091 shares of the asset manager’s stock worth $624,000 after acquiring an additional 107 shares during the last quarter. Friedenthal Financial purchased a new position in shares of Northern Trust during the 4th quarter worth $57,000. Forza Wealth Management LLC acquired a new stake in shares of Northern Trust during the 4th quarter worth about $221,000. Cooper Financial Group raised its holdings in Northern Trust by 5.9% in the 4th quarter. Cooper Financial Group now owns 2,478 shares of the asset manager’s stock valued at $254,000 after buying an additional 139 shares during the period. Finally, Agate Pass Investment Management LLC acquired a new position in Northern Trust in the fourth quarter valued at about $538,000. Institutional investors and hedge funds own 83.19% of the company’s stock.

Insider Activity at Northern Trust

In other Northern Trust news, Vice Chairman Steven L. Fradkin sold 9,100 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $111.00, for a total transaction of $1,010,100.00. Following the sale, the insider now owns 47,797 shares of the company’s stock, valued at approximately $5,305,467. This trade represents a 15.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Teresa Parker sold 4,439 shares of the company’s stock in a transaction on Friday, October 25th. The shares were sold at an average price of $100.86, for a total transaction of $447,717.54. Following the completion of the transaction, the insider now owns 79,326 shares of the company’s stock, valued at approximately $8,000,820.36. The trade was a 5.30 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 82,151 shares of company stock valued at $8,489,889 over the last quarter. 0.64% of the stock is owned by insiders.

Northern Trust Stock Up 0.9 %

Shares of NASDAQ:NTRS opened at $100.32 on Tuesday. Northern Trust Co. has a fifty-two week low of $76.67 and a fifty-two week high of $111.87. The firm’s 50 day moving average price is $105.67 and its 200 day moving average price is $95.30. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.58. The stock has a market cap of $19.89 billion, a price-to-earnings ratio of 12.48, a price-to-earnings-growth ratio of 1.18 and a beta of 1.08.

Northern Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 1st. Stockholders of record on Friday, December 6th were given a dividend of $0.75 per share. The ex-dividend date was Friday, December 6th. This represents a $3.00 annualized dividend and a dividend yield of 2.99%. Northern Trust’s dividend payout ratio (DPR) is currently 37.31%.

Analyst Ratings Changes

A number of research firms have recently issued reports on NTRS. Evercore ISI boosted their price target on shares of Northern Trust from $86.00 to $103.00 and gave the company an “in-line” rating in a research note on Thursday, October 24th. Keefe, Bruyette & Woods upped their price target on Northern Trust from $100.00 to $113.00 and gave the stock a “market perform” rating in a research note on Tuesday, December 3rd. Wells Fargo & Company raised their price target on Northern Trust from $108.00 to $110.00 and gave the stock an “equal weight” rating in a research report on Friday, November 15th. Royal Bank of Canada boosted their price objective on Northern Trust from $100.00 to $107.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Finally, Truist Financial began coverage on Northern Trust in a report on Tuesday, January 7th. They set a “hold” rating and a $110.00 target price for the company. One research analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Northern Trust has an average rating of “Hold” and a consensus target price of $107.17.

Read Our Latest Stock Analysis on Northern Trust

About Northern Trust

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding NTRS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Northern Trust Co. (NASDAQ:NTRSFree Report).

Institutional Ownership by Quarter for Northern Trust (NASDAQ:NTRS)

Receive News & Ratings for Northern Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northern Trust and related companies with MarketBeat.com's FREE daily email newsletter.