2,080 Shares in Northern Trust Co. (NASDAQ:NTRS) Purchased by Frank Rimerman Advisors LLC

Frank Rimerman Advisors LLC purchased a new position in shares of Northern Trust Co. (NASDAQ:NTRS) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 2,080 shares of the asset manager’s stock, valued at approximately $213,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in NTRS. FMR LLC raised its holdings in Northern Trust by 9.3% during the 3rd quarter. FMR LLC now owns 18,187,663 shares of the asset manager’s stock worth $1,637,435,000 after purchasing an additional 1,542,685 shares during the last quarter. KBC Group NV raised its holdings in Northern Trust by 201.6% during the 4th quarter. KBC Group NV now owns 963,811 shares of the asset manager’s stock worth $98,791,000 after purchasing an additional 644,261 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Northern Trust by 9.9% during the 3rd 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. raised its holdings in Northern Trust by 62.8% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 678,461 shares of the asset manager’s stock worth $69,542,000 after purchasing an additional 261,797 shares during the last quarter. Finally, NFJ Investment Group LLC bought a new stake in Northern Trust during the 3rd quarter worth about $7,682,000. Institutional investors and hedge funds own 83.19% of the company’s stock.

Analyst Ratings Changes

NTRS has been the subject of several recent research reports. StockNews.com cut Northern Trust from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. UBS Group upped their price target on Northern Trust from $110.00 to $114.00 and gave the company a “neutral” rating in a research note on Monday, January 27th. Truist Financial upped their price target on Northern Trust from $110.00 to $116.00 and gave the company a “hold” rating in a research note on Friday, January 24th. Morgan Stanley lowered their price target on Northern Trust from $138.00 to $136.00 and set an “equal weight” rating for the company in a research note on Thursday, March 6th. Finally, Barclays upped their price target on Northern Trust from $115.00 to $118.00 and gave the company an “equal weight” rating in a research note on Monday, January 6th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Northern Trust has an average rating of “Hold” and an average target price of $113.50.

Northern Trust Price Performance

Shares of NTRS opened at $98.68 on Tuesday. 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 stock has a 50 day simple moving average of $107.65 and a 200 day simple moving average of $102.32. Northern Trust Co. has a 52-week low of $79.32 and a 52-week high of $114.67. The firm has a market capitalization of $19.31 billion, a PE ratio of 10.09, a P/E/G ratio of 1.72 and a beta of 1.07.

Northern Trust (NASDAQ:NTRS) last released its quarterly earnings results on Thursday, January 23rd. The asset manager reported $2.26 earnings per share for the quarter, topping analysts’ consensus estimates of $1.96 by $0.30. Northern Trust had a return on equity of 13.74% and a net margin of 12.77%. Sell-side analysts predict that Northern Trust Co. will post 8.27 EPS for the current fiscal year.

Northern Trust Announces Dividend

The company also recently declared 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 3.04%. The ex-dividend date of this dividend is Friday, March 14th. Northern Trust’s dividend payout ratio (DPR) is currently 30.67%.

Insiders Place Their Bets

In other Northern Trust news, insider Jason J. Tyler sold 2,237 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the insider now owns 58,449 shares of the company’s stock, valued at $6,585,448.83. This represents a 3.69 % 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 3,804 shares of the stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $113.00, for a total value of $429,852.00. Following the completion of the sale, the executive vice president now directly owns 81,794 shares of the company’s stock, valued at approximately $9,242,722. The trade was a 4.44 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 35,335 shares of company stock valued at $3,970,211 in the last quarter. 0.64% of the stock is currently owned by insiders.

About Northern Trust

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.