Bartlett & CO. Wealth Management LLC Reduces Holdings in Northern Trust Co. (NASDAQ:NTRS)

Bartlett & CO. Wealth Management LLC reduced its stake in shares of Northern Trust Co. (NASDAQ:NTRS) by 2.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,105 shares of the asset manager’s stock after selling 450 shares during the period. Bartlett & CO. Wealth Management LLC’s holdings in Northern Trust were worth $1,663,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. FMR LLC raised its holdings 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 worth $1,637,435,000 after acquiring an additional 1,542,685 shares during the last quarter. Primecap Management Co. CA raised its stake in Northern Trust by 0.5% in the 3rd quarter. Primecap Management Co. CA now owns 7,085,117 shares of the asset manager’s stock valued at $637,873,000 after purchasing an additional 38,360 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Northern Trust by 9.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,296,442 shares of the asset manager’s stock valued at $386,809,000 after purchasing an additional 388,692 shares in the last quarter. Ariel Investments LLC boosted its stake in shares of Northern Trust by 3.6% during the 2nd quarter. Ariel Investments LLC now owns 2,644,205 shares of the asset manager’s stock worth $222,060,000 after purchasing an additional 91,816 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Northern Trust by 1.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,577,091 shares of the asset manager’s stock worth $141,986,000 after buying an additional 16,500 shares in the last quarter. Hedge funds and other institutional investors own 83.19% of the company’s stock.

Insider Activity

In other news, Vice Chairman Steven L. Fradkin sold 9,100 shares of the company’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $111.00, for a total value of $1,010,100.00. Following the completion of the transaction, the insider now directly owns 47,797 shares in the company, valued at approximately $5,305,467. This represents a 15.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Thomas A. South sold 5,000 shares of Northern Trust stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $105.80, for a total transaction of $529,000.00. Following the sale, the executive vice president now directly owns 49,756 shares in the company, valued at $5,264,184.80. This trade represents a 9.13 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 30,253 shares of company stock worth $3,238,073. 0.64% of the stock is currently owned by corporate insiders.

Northern Trust Stock Up 2.0 %

NTRS opened at $109.54 on Friday. The company has a market cap of $21.71 billion, a PE ratio of 13.62, a price-to-earnings-growth ratio of 1.23 and a beta of 1.08. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.71 and a current ratio of 0.71. Northern Trust Co. has a 1 year low of $76.67 and a 1 year high of $111.87. The firm has a 50 day moving average price of $105.76 and a 200 day moving average price of $96.30.

Northern Trust (NASDAQ:NTRS) last issued its earnings results on Thursday, January 23rd. The asset manager reported $2.26 EPS for the quarter, beating analysts’ consensus estimates of $1.96 by $0.30. Northern Trust had a net margin of 10.92% and a return on equity of 12.75%. Sell-side analysts expect that Northern Trust Co. will post 7.56 earnings per share for the current year.

Northern Trust Announces Dividend

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 $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 2.74%. The ex-dividend date of this dividend is Friday, March 14th. Northern Trust’s payout ratio is 37.31%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on NTRS shares. Barclays raised their target price on shares of Northern Trust from $115.00 to $118.00 and gave the stock an “equal weight” rating in a research report on Monday, January 6th. Evercore ISI raised their price objective on Northern Trust from $86.00 to $103.00 and gave the stock an “in-line” rating in a report on Thursday, October 24th. StockNews.com lowered Northern Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Royal Bank of Canada raised their price target on Northern Trust from $100.00 to $107.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Finally, The Goldman Sachs Group downgraded shares of Northern Trust from a “neutral” rating to a “sell” rating and dropped their price objective for the company from $84.00 to $82.00 in a research note on Thursday, September 26th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Northern Trust presently has a consensus rating of “Hold” and a consensus price target of $107.17.

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.