Northern Trust Co. (NASDAQ:NTRS) Shares Sold by Resonant Capital Advisors LLC

Resonant Capital Advisors LLC lowered its position in Northern Trust Co. (NASDAQ:NTRS) by 6.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,026 shares of the asset manager’s stock after selling 1,334 shares during the period. Resonant Capital Advisors LLC’s holdings in Northern Trust were worth $1,704,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in NTRS. Vanguard Group Inc. increased its holdings in Northern Trust by 2.1% in the first quarter. Vanguard Group Inc. now owns 22,711,584 shares of the asset manager’s stock valued at $2,644,763,000 after buying an additional 457,748 shares in the last quarter. FMR LLC increased its holdings in Northern Trust by 1.2% in the third quarter. FMR LLC now owns 10,791,735 shares of the asset manager’s stock valued at $749,810,000 after buying an additional 126,172 shares in the last quarter. Primecap Management Co. CA increased its holdings in Northern Trust by 4.2% in the third quarter. Primecap Management Co. CA now owns 6,497,047 shares of the asset manager’s stock valued at $451,415,000 after buying an additional 264,805 shares in the last quarter. Northern Trust Corp increased its holdings in Northern Trust by 1.5% in the third quarter. Northern Trust Corp now owns 5,955,048 shares of the asset manager’s stock valued at $413,757,000 after buying an additional 89,696 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its holdings in Northern Trust by 1.3% in the third quarter. Massachusetts Financial Services Co. MA now owns 4,980,072 shares of the asset manager’s stock valued at $346,015,000 after buying an additional 64,707 shares in the last quarter. Institutional investors and hedge funds own 83.19% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on NTRS shares. Bank of America increased their target price on shares of Northern Trust from $93.00 to $101.00 and gave the company a “buy” rating in a report on Wednesday. Jefferies Financial Group raised their price objective on shares of Northern Trust from $101.00 to $103.00 and gave the stock a “buy” rating in a research note on Thursday. Royal Bank of Canada raised their price objective on shares of Northern Trust from $82.00 to $86.00 and gave the stock an “outperform” rating in a research note on Friday, January 19th. TheStreet raised shares of Northern Trust from a “c+” rating to a “b-” rating in a research note on Friday, January 12th. Finally, Evercore ISI raised their price objective on shares of Northern Trust from $86.00 to $87.00 and gave the stock an “in-line” rating in a research note on Thursday, April 4th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Northern Trust has a consensus rating of “Hold” and a consensus price target of $84.92.

Insider Buying and Selling at Northern Trust

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

Northern Trust Stock Up 0.0 %

NTRS stock opened at $81.45 on Friday. The stock has a market capitalization of $16.62 billion, a P/E ratio of 17.98, a PEG ratio of 1.17 and a beta of 1.13. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.71 and a current ratio of 0.71. Northern Trust Co. has a one year low of $62.44 and a one year high of $89.25. The company has a 50 day moving average price of $83.26 and a two-hundred day moving average price of $78.93.

Northern Trust (NASDAQ:NTRS) last released its earnings results on Thursday, January 18th. The asset manager reported $0.52 EPS for the quarter, missing the consensus estimate of $1.33 by ($0.81). The firm had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.71 billion. Northern Trust had a return on equity of 12.57% and a net margin of 7.59%. The firm’s revenue was up 1.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.65 earnings per share. As a group, sell-side analysts expect that Northern Trust Co. will post 6.82 EPS for the current year.

Northern Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 7th will be issued a $0.75 dividend. The ex-dividend date is Friday, June 7th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 3.68%. Northern Trust’s dividend payout ratio (DPR) is presently 66.23%.

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.