Franklin Street Advisors Inc. NC Makes New $209,000 Investment in Northern Trust Co. (NASDAQ:NTRS)

Franklin Street Advisors Inc. NC bought a new position in shares of Northern Trust Co. (NASDAQ:NTRS) during the fourth quarter, HoldingsChannel reports. The fund bought 2,475 shares of the asset manager’s stock, valued at approximately $209,000.

A number of other institutional investors have also modified their holdings of the business. Fortitude Family Office LLC acquired a new position in Northern Trust in the fourth quarter valued at $28,000. Belpointe Asset Management LLC increased its position in Northern Trust by 84.5% in the 1st quarter. Belpointe Asset Management LLC now owns 393 shares of the asset manager’s stock valued at $35,000 after acquiring an additional 180 shares during the period. Clear Street Markets LLC raised its stake in Northern Trust by 93.4% during the 1st quarter. Clear Street Markets LLC now owns 408 shares of the asset manager’s stock valued at $36,000 after acquiring an additional 197 shares during the last quarter. Hexagon Capital Partners LLC lifted its position in Northern Trust by 306.3% during the 3rd quarter. Hexagon Capital Partners LLC now owns 581 shares of the asset manager’s stock worth $40,000 after acquiring an additional 438 shares during the period. Finally, Itau Unibanco Holding S.A. purchased a new position in shares of Northern Trust in the 2nd quarter valued at approximately $40,000. 83.19% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Royal Bank of Canada increased their price target on Northern Trust from $82.00 to $86.00 and gave the stock an “outperform” rating in a report on Friday, January 19th. Barclays raised their target price on shares of Northern Trust from $90.00 to $98.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 2nd. Wolfe Research lowered shares of Northern Trust from a “peer perform” rating to an “underperform” rating and set a $85.00 price target on the stock. in a research note on Wednesday, January 3rd. Morgan Stanley restated an “underweight” rating and issued a $86.00 price objective (up previously from $82.00) on shares of Northern Trust in a research report on Tuesday, January 30th. Finally, TheStreet upgraded Northern Trust from a “c+” rating to a “b-” rating in a research report on Friday, January 12th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $83.04.

Northern Trust Trading Up 1.3 %

Shares of NTRS stock opened at $88.92 on Friday. Northern Trust Co. has a fifty-two week low of $62.44 and a fifty-two week high of $90.59. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.62. The business has a fifty day simple moving average of $81.50 and a 200-day simple moving average of $77.24. The stock has a market cap of $18.14 billion, a P/E ratio of 17.50, a P/E/G ratio of 1.92 and a beta of 1.12.

Northern Trust (NASDAQ:NTRS) last posted its earnings results on Thursday, January 18th. The asset manager reported $0.52 earnings per share for the quarter, missing the consensus estimate of $1.33 by ($0.81). Northern Trust had a net margin of 9.14% and a return on equity of 12.44%. The business had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.71 billion. During the same quarter last year, the business posted $1.65 earnings per share. The business’s revenue was up 1.9% compared to the same quarter last year. On average, analysts forecast that Northern Trust Co. will post 6.32 earnings per share for the current fiscal year.

Northern Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 1st. Investors of record on Friday, March 8th will be paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 3.37%. The ex-dividend date is Thursday, March 7th. Northern Trust’s payout ratio is currently 59.06%.

Insider Buying and Selling at Northern Trust

In related news, insider Steven L. Fradkin sold 30,392 shares of Northern Trust stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $80.11, for a total transaction of $2,434,703.12. Following the completion of the sale, the insider now owns 55,707 shares in the company, valued at approximately $4,462,687.77. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.64% of the stock is owned by insiders.

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.