Rathbones Group PLC Sells 10,182 Shares of Northern Trust Corporation $NTRS

Rathbones Group PLC decreased its holdings in shares of Northern Trust Corporation (NASDAQ:NTRS) by 22.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 34,868 shares of the asset manager’s stock after selling 10,182 shares during the quarter. Rathbones Group PLC’s holdings in Northern Trust were worth $4,763,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of NTRS. Triumph Capital Management bought a new stake in Northern Trust during the 3rd quarter valued at $25,000. Board of the Pension Protection Fund bought a new stake in Northern Trust during the 4th quarter valued at $27,000. Olistico Wealth LLC bought a new stake in Northern Trust during the 4th quarter valued at $41,000. True Wealth Design LLC raised its holdings in Northern Trust by 98.7% during the 4th quarter. True Wealth Design LLC now owns 314 shares of the asset manager’s stock valued at $43,000 after acquiring an additional 156 shares during the period. Finally, Caldwell Trust Co bought a new stake in Northern Trust during the 2nd quarter valued at $48,000. Institutional investors own 83.19% of the company’s stock.

Insider Buying and Selling

In related news, insider Clive Bellows sold 1,148 shares of the company’s stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $145.26, for a total value of $166,758.48. Following the completion of the transaction, the insider directly owned 34,133 shares in the company, valued at approximately $4,958,159.58. The trade was a 3.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard Petrino bought 1,000 shares of the business’s stock in a transaction that occurred on Thursday, February 5th. The stock was bought at an average price of $148.91 per share, with a total value of $148,910.00. Following the completion of the transaction, the director directly owned 3,332 shares of the company’s stock, valued at $496,168.12. This represents a 42.88% increase in their position. The SEC filing for this purchase provides additional information. Insiders sold 34,905 shares of company stock valued at $5,166,714 in the last three months. 0.66% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have recently weighed in on NTRS. The Goldman Sachs Group raised shares of Northern Trust from a “sell” rating to a “neutral” rating and upped their price target for the stock from $148.00 to $151.00 in a report on Monday. TD Cowen upped their price target on shares of Northern Trust from $165.00 to $175.00 and gave the stock a “buy” rating in a report on Monday, January 26th. Citigroup began coverage on shares of Northern Trust in a report on Monday, February 23rd. They issued a “neutral” rating on the stock. BMO Capital Markets raised shares of Northern Trust from a “market perform” rating to an “outperform” rating and set a $168.00 price target on the stock in a report on Monday. Finally, Royal Bank Of Canada upped their price target on shares of Northern Trust from $139.00 to $159.00 and gave the stock an “outperform” rating in a report on Friday, January 23rd. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $154.55.

Northern Trust Trading Up 0.8%

Northern Trust stock opened at $143.32 on Tuesday. The stock has a market cap of $26.56 billion, a P/E ratio of 16.40, a PEG ratio of 1.12 and a beta of 1.23. Northern Trust Corporation has a fifty-two week low of $81.62 and a fifty-two week high of $157.60. The firm’s fifty day moving average price is $143.26 and its 200-day moving average price is $137.36. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.69 and a current ratio of 0.69.

Northern Trust (NASDAQ:NTRS) last released its quarterly earnings results on Friday, January 30th. The asset manager reported $2.42 earnings per share for the quarter, topping the consensus estimate of $2.37 by $0.05. Northern Trust had a net margin of 12.15% and a return on equity of 14.87%. The firm had revenue of $3.15 billion for the quarter. During the same period in the previous year, the company posted $2.26 EPS. The company’s revenue for the quarter was up 8.4% compared to the same quarter last year. Equities research analysts forecast that Northern Trust Corporation will post 8.27 earnings per share for the current fiscal year.

Northern Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 1st. Investors of record on Friday, March 6th were given a $0.80 dividend. The ex-dividend date was Friday, March 6th. This represents a $3.20 annualized dividend and a yield of 2.2%. Northern Trust’s payout ratio is 36.61%.

About Northern Trust

Northern Trust Corporation (NASDAQ: NTRS) is a global financial services firm headquartered in Chicago that provides asset servicing, asset management and wealth management solutions to institutions, corporations and high-net-worth individuals. The company’s core businesses include custody and fund administration, investment operations outsourcing, trust and fiduciary services, private banking, and retirement and defined contribution plan services.

Northern Trust’s product and service offerings span custody and fund accounting, portfolio and performance analytics, securities lending, cash management and foreign exchange, as well as discretionary and non-discretionary investment management.