2,159 Shares in Northern Trust Co. (NASDAQ:NTRS) Acquired by Forza Wealth Management LLC

Forza Wealth Management LLC bought a new position in Northern Trust Co. (NASDAQ:NTRS) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 2,159 shares of the asset manager’s stock, valued at approximately $221,000.

Several other large investors have also recently made changes to their positions in NTRS. Allworth Financial LP increased its stake in Northern Trust by 9.1% during the 3rd quarter. Allworth Financial LP now owns 1,170 shares of the asset manager’s stock valued at $105,000 after purchasing an additional 98 shares in the last quarter. Massmutual Trust Co. FSB ADV grew its holdings in shares of Northern Trust by 14.5% during the third quarter. Massmutual Trust Co. FSB ADV now owns 922 shares of the asset manager’s stock valued at $83,000 after buying an additional 117 shares during the last quarter. DekaBank Deutsche Girozentrale increased its position in shares of Northern Trust by 0.3% during the second quarter. DekaBank Deutsche Girozentrale now owns 43,713 shares of the asset manager’s stock valued at $3,608,000 after acquiring an additional 120 shares in the last quarter. Mesirow Financial Investment Management Inc. raised its holdings in Northern Trust by 0.4% in the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 35,673 shares of the asset manager’s stock worth $3,212,000 after acquiring an additional 127 shares during the last quarter. Finally, Cooper Financial Group raised its holdings in Northern Trust by 5.9% in the 4th quarter. Cooper Financial Group now owns 2,478 shares of the asset manager’s stock worth $254,000 after acquiring an additional 139 shares during the last quarter. 83.19% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

NTRS has been the subject of several recent analyst reports. Truist Financial started coverage on Northern Trust in a research note on Tuesday, January 7th. They issued a “hold” rating and a $110.00 price target for the company. Bank of America boosted their target price on Northern Trust from $103.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Keefe, Bruyette & Woods raised their price target on shares of Northern Trust from $100.00 to $113.00 and gave the company a “market perform” rating in a report on Tuesday, December 3rd. Wells Fargo & Company boosted their price objective on shares of Northern Trust from $108.00 to $110.00 and gave the company an “equal weight” rating in a report on Friday, November 15th. Finally, StockNews.com upgraded shares of Northern Trust from a “hold” rating to a “buy” rating in a report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $107.17.

Insider Buying and Selling

In other news, Vice Chairman Steven L. Fradkin sold 9,100 shares of the stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $111.00, for a total transaction of $1,010,100.00. Following the completion of the transaction, the insider now directly owns 47,797 shares in the company, valued at approximately $5,305,467. This represents a 15.99 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Thomas A. South sold 5,000 shares of Northern Trust stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $105.80, for a total transaction of $529,000.00. Following the completion of the transaction, the executive vice president now directly owns 49,756 shares of the company’s stock, valued at $5,264,184.80. The trade was 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 82,151 shares of company stock valued at $8,489,889. Corporate insiders own 0.64% of the company’s stock.

Northern Trust Stock Performance

NASDAQ NTRS traded up $0.69 on Monday, hitting $100.15. 577,714 shares of the company traded hands, compared to its average volume of 956,822. The business’s 50 day moving average price is $105.67 and its 200-day moving average price is $95.17. Northern Trust Co. has a 52-week low of $76.67 and a 52-week high of $111.87. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $19.85 billion, a price-to-earnings ratio of 12.46, a P/E/G ratio of 1.18 and a beta of 1.08.

Northern Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 1st. Investors of record on Friday, December 6th were given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 3.00%. The ex-dividend date was Friday, December 6th. Northern Trust’s dividend payout ratio is currently 37.31%.

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.