Rational Advisors LLC purchased a new position in Northern Trust Co. (NASDAQ:NTRS) during the fourth quarter, Holdings Channel reports. The fund purchased 2,600 shares of the asset manager’s stock, valued at approximately $260,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Raymond James Trust N.A. raised its holdings in shares of Northern Trust by 15.9% during the 4th quarter. Raymond James Trust N.A. now owns 3,629 shares of the asset manager’s stock worth $362,000 after acquiring an additional 498 shares in the last quarter. Steward Partners Investment Advisory LLC raised its holdings in shares of Northern Trust by 18.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,232 shares of the asset manager’s stock worth $322,000 after acquiring an additional 500 shares in the last quarter. OLD National Bancorp IN raised its holdings in shares of Northern Trust by 7.7% during the 4th quarter. OLD National Bancorp IN now owns 7,010 shares of the asset manager’s stock worth $701,000 after acquiring an additional 500 shares in the last quarter. Cornerstone Advisors Inc. raised its holdings in shares of Northern Trust by 30.6% during the 4th quarter. Cornerstone Advisors Inc. now owns 2,324 shares of the asset manager’s stock worth $232,000 after acquiring an additional 545 shares in the last quarter. Finally, Global X MANAGEMENT CO LLC raised its holdings in shares of Northern Trust by 10.3% during the 3rd quarter. Global X MANAGEMENT CO LLC now owns 5,965 shares of the asset manager’s stock worth $548,000 after acquiring an additional 556 shares in the last quarter. 80.69% of the stock is currently owned by institutional investors.

Several analysts have recently issued reports on NTRS shares. Credit Suisse Group upped their price objective on Northern Trust from $99.00 to $100.00 and gave the stock a “neutral” rating in a report on Thursday, January 25th. Morgan Stanley upped their price objective on Northern Trust from $104.00 to $110.00 and gave the stock an “underweight” rating in a report on Friday, February 2nd. Bank of America upped their price objective on Northern Trust from $112.00 to $116.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. UBS Group upped their price objective on Northern Trust from $100.00 to $109.00 and gave the stock a “buy” rating in a report on Thursday, October 19th. Finally, BidaskClub raised Northern Trust from a “hold” rating to a “buy” rating in a report on Saturday, January 13th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the stock. Northern Trust has a consensus rating of “Hold” and an average target price of $104.81.

Northern Trust Co. (NASDAQ:NTRS) opened at $102.69 on Thursday. The firm has a market capitalization of $22,594.29, a P/E ratio of 20.61, a PEG ratio of 1.32 and a beta of 0.99. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.35. Northern Trust Co. has a 12-month low of $83.17 and a 12-month high of $108.91.

Northern Trust (NASDAQ:NTRS) last released its earnings results on Wednesday, January 24th. The asset manager reported $1.35 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.30 by $0.05. The firm had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.41 billion. Northern Trust had a return on equity of 12.77% and a net margin of 20.98%. The company’s revenue for the quarter was up 15.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.11 EPS. analysts forecast that Northern Trust Co. will post 6.02 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Sunday, April 1st. Stockholders of record on Friday, March 9th will be given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 1.64%. The ex-dividend date of this dividend is Thursday, March 8th. Northern Trust’s dividend payout ratio is currently 34.15%.

In other Northern Trust news, COO Jana R. Schreuder sold 2,600 shares of the company’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $99.02, for a total value of $257,452.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Wilson Leech sold 8,958 shares of the company’s stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $106.17, for a total value of $951,070.86. The disclosure for this sale can be found here. In the last three months, insiders have sold 198,655 shares of company stock worth $19,906,776. Corporate insiders own 1.27% of the company’s stock.

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Northern Trust Company Profile

Northern Trust Corporation is a financial holding company. The Company provides asset servicing, fund administration, asset management, fiduciary and banking solutions for corporations, institutions, families and individuals across the world. Its segments include Corporate & Institutional Services (C&IS), Wealth Management, and Treasury and Other.

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Institutional Ownership by Quarter for Northern Trust (NASDAQ:NTRS)

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