Boston Trust Walden Corp Acquires 14,362 Shares of Northern Trust Co. (NASDAQ:NTRS)

Boston Trust Walden Corp increased its stake in Northern Trust Co. (NASDAQ:NTRS) by 1.6% during the fourth quarter, Holdings Channel.com reports. The fund owned 928,854 shares of the asset manager’s stock after buying an additional 14,362 shares during the period. Boston Trust Walden Corp’s holdings in Northern Trust were worth $95,208,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. FMR LLC lifted its position in shares of Northern Trust by 9.3% during the 3rd quarter. FMR LLC now owns 18,187,663 shares of the asset manager’s stock valued at $1,637,435,000 after acquiring an additional 1,542,685 shares during the period. KBC Group NV raised its position in Northern Trust by 201.6% in the 4th 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 during the last quarter. JPMorgan Chase & Co. boosted its holdings in Northern Trust by 9.9% during the third quarter. JPMorgan Chase & Co. now owns 4,296,442 shares of the asset manager’s stock worth $386,809,000 after purchasing an additional 388,692 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its holdings 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 acquiring an additional 261,797 shares in the last quarter. Finally, International Assets Investment Management LLC raised its stake in shares of Northern Trust by 93,421.2% during the 3rd quarter. International Assets Investment Management LLC now owns 185,172 shares of the asset manager’s stock worth $152,194,000 after purchasing an additional 184,974 shares during the period. 83.19% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on NTRS. Royal Bank of Canada upped their price objective on shares of Northern Trust from $107.00 to $115.00 and gave the company an “outperform” rating in a report on Friday, January 24th. The Goldman Sachs Group lifted their target price on shares of Northern Trust from $92.00 to $102.00 and gave the company a “sell” rating in a research report on Friday, January 24th. StockNews.com raised shares of Northern Trust from a “hold” rating to a “buy” rating in a research note on Friday, January 24th. Keefe, Bruyette & Woods raised their target price on shares of Northern Trust from $113.00 to $122.00 and gave the stock a “market perform” rating in a report on Friday, January 24th. Finally, UBS Group boosted their price objective on shares of Northern Trust from $110.00 to $114.00 and gave the company a “neutral” rating in a research report on Monday, January 27th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Northern Trust currently has a consensus rating of “Hold” and a consensus target price of $112.58.

Insider Buying and Selling

In other Northern Trust news, COO Peter Cherecwich sold 26,132 shares of Northern Trust stock in a transaction dated 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 completion of the transaction, the chief operating officer now directly owns 26,586 shares of the company’s stock, valued at $2,987,202.96. The trade was a 49.57 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Thomas A. South sold 5,000 shares of the business’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $105.80, for a total value of $529,000.00. Following the transaction, the executive vice president now directly owns 49,756 shares of the company’s stock, valued at approximately $5,264,184.80. This represents a 9.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 58,622 shares of company stock worth $6,426,307. Insiders own 0.64% of the company’s stock.

Northern Trust Trading Down 0.4 %

Shares of NASDAQ:NTRS opened at $112.29 on Monday. Northern Trust Co. has a 1 year low of $76.67 and a 1 year high of $114.21. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.71. The firm has a market capitalization of $22.26 billion, a P/E ratio of 11.48, a P/E/G ratio of 1.72 and a beta of 1.08. The business’s 50-day moving average is $106.25 and its 200 day moving average is $97.59.

Northern Trust (NASDAQ:NTRS) last announced its quarterly earnings data on Thursday, January 23rd. The asset manager reported $2.26 EPS for the quarter, beating the consensus estimate of $1.96 by $0.30. Northern Trust had a net margin of 12.77% and a return on equity of 13.74%. On average, research analysts predict that Northern Trust Co. will post 8.2 earnings per share for the current fiscal year.

Northern Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date is Friday, March 14th. Northern Trust’s dividend payout ratio is presently 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.