Stiles Financial Services Inc Has $1.39 Million Stake in Northern Trust Co. (NASDAQ:NTRS)

Stiles Financial Services Inc raised its holdings in Northern Trust Co. (NASDAQ:NTRS) by 3.5% during the 4th quarter, Holdings Channel reports. The institutional investor owned 13,549 shares of the asset manager’s stock after acquiring an additional 453 shares during the quarter. Stiles Financial Services Inc’s holdings in Northern Trust were worth $1,389,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NTRS. FMR LLC increased its position in shares of Northern Trust by 9.3% in the third quarter. FMR LLC now owns 18,187,663 shares of the asset manager’s stock valued at $1,637,435,000 after acquiring an additional 1,542,685 shares during the last quarter. KBC Group NV increased its position in shares of 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 stake in shares of 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 in the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in shares of Northern Trust by 62.8% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 678,461 shares of the asset manager’s stock valued at $69,542,000 after buying an additional 261,797 shares during the last quarter. Finally, International Assets Investment Management LLC grew its stake in shares of Northern Trust by 93,421.2% in the third quarter. International Assets Investment Management LLC now owns 185,172 shares of the asset manager’s stock valued at $152,194,000 after buying an additional 184,974 shares in the last quarter. 83.19% of the stock is owned by institutional investors.

Northern Trust Trading Down 0.3 %

Shares of Northern Trust stock opened at $113.51 on Monday. 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 firm has a 50-day moving average of $106.44 and a 200-day moving average of $98.43. Northern Trust Co. has a 52-week low of $76.67 and a 52-week high of $114.67. The stock has a market cap of $22.50 billion, a PE ratio of 11.61, a PEG ratio of 1.74 and a beta of 1.08.

Northern Trust (NASDAQ:NTRS) last announced its earnings results on Thursday, January 23rd. The asset manager reported $2.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.96 by $0.30. Northern Trust had a net margin of 12.77% and a return on equity of 13.74%. As a group, sell-side analysts forecast that Northern Trust Co. will post 8.2 EPS for the current year.

Northern Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be paid a dividend of $0.75 per share. The ex-dividend date is Friday, March 14th. This represents a $3.00 dividend on an annualized basis and a yield of 2.64%. Northern Trust’s dividend payout ratio (DPR) is presently 30.67%.

Insider Buying and Selling at Northern Trust

In other news, COO Peter Cherecwich sold 26,132 shares of the business’s stock in a transaction that occurred on Wednesday, January 29th. The shares were sold at an average price of $112.36, for a total value of $2,936,191.52. Following the completion of the transaction, the chief operating officer now directly owns 26,586 shares in the company, valued at approximately $2,987,202.96. The trade was a 49.57 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Jane Karpinski sold 2,262 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $111.33, for a total transaction of $251,828.46. Following the sale, the executive vice president now directly owns 17,236 shares of the company’s stock, valued at approximately $1,918,883.88. This trade represents a 11.60 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 40,631 shares of company stock valued at $4,550,459 in the last three months. Corporate insiders own 0.64% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on NTRS shares. Wells Fargo & Company upped their price target on shares of Northern Trust from $108.00 to $110.00 and gave the stock an “equal weight” rating in a research report on Friday, November 15th. The Goldman Sachs Group raised their target price on shares of Northern Trust from $92.00 to $102.00 and gave the company a “sell” rating in a research note on Friday, January 24th. StockNews.com raised Northern Trust from a “hold” rating to a “buy” rating in a research report on Friday, January 24th. Barclays raised their price objective on Northern Trust from $115.00 to $118.00 and gave the company an “equal weight” rating in a research report on Monday, January 6th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Northern Trust from $100.00 to $108.00 and gave the stock a “hold” rating in a report on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Northern Trust currently has a consensus rating of “Hold” and an average price target of $112.58.

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.