IFG Advisory LLC Acquires 188 Shares of Northern Trust Co. (NASDAQ:NTRS)

IFG Advisory LLC raised its holdings in shares of Northern Trust Co. (NASDAQ:NTRS) by 1.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,327 shares of the asset manager’s stock after purchasing an additional 188 shares during the quarter. IFG Advisory LLC’s holdings in Northern Trust were worth $871,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in NTRS. Deutsche Bank AG increased its stake in Northern Trust by 8.1% in the 3rd quarter. Deutsche Bank AG now owns 597,143 shares of the asset manager’s stock worth $41,489,000 after buying an additional 44,516 shares during the period. Financiere des Professionnels Fonds d investissement inc. increased its position in Northern Trust by 51.3% during the 4th quarter. Financiere des Professionnels Fonds d investissement inc. now owns 70,384 shares of the asset manager’s stock valued at $5,939,000 after purchasing an additional 23,859 shares during the period. Nordea Investment Management AB increased its position in Northern Trust by 2.4% during the 3rd quarter. Nordea Investment Management AB now owns 12,962 shares of the asset manager’s stock valued at $907,000 after purchasing an additional 305 shares during the period. Pathstone Family Office LLC purchased a new position in Northern Trust during the 3rd quarter valued at about $715,000. Finally, Barclays PLC boosted its holdings in shares of Northern Trust by 21.0% in the 3rd quarter. Barclays PLC now owns 604,174 shares of the asset manager’s stock valued at $41,976,000 after buying an additional 104,945 shares in the last quarter. Hedge funds and other institutional investors own 83.19% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Wolfe Research cut shares of Northern Trust from a “peer perform” rating to an “underperform” rating and set a $85.00 target price for the company. in a research note on Wednesday, January 3rd. Jefferies Financial Group upgraded shares of Northern Trust from a “hold” rating to a “buy” rating and lifted their price objective for the company from $68.00 to $99.00 in a research note on Tuesday, January 9th. Barclays lifted their target price on shares of Northern Trust from $90.00 to $98.00 and gave the company an “equal weight” rating in a report on Tuesday, January 2nd. Morgan Stanley reaffirmed an “underweight” rating and set a $86.00 target price (up from $82.00) on shares of Northern Trust in a report on Tuesday, January 30th. Finally, UBS Group lifted their target price on shares of Northern Trust from $72.00 to $84.00 and gave the company a “neutral” rating in a report on Tuesday, January 9th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $83.04.

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 dated Thursday, February 22nd. The stock was sold at an average price of $80.11, for a total value 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 Securities & Exchange Commission, which can be accessed through this link. 0.64% of the stock is owned by company insiders.

Northern Trust Trading Up 1.3 %

NASDAQ:NTRS opened at $87.75 on Thursday. The company has a market capitalization of $17.90 billion, a PE ratio of 17.27, a price-to-earnings-growth ratio of 1.89 and a beta of 1.12. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.62. Northern Trust Co. has a 52-week low of $62.44 and a 52-week high of $90.59. The stock has a fifty day simple moving average of $81.40 and a 200-day simple moving average of $77.16.

Northern Trust (NASDAQ:NTRS) last announced 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 firm had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.71 billion. During the same period in the previous year, the firm posted $1.65 EPS. The company’s revenue for the quarter was up 1.9% compared to the same quarter last year. On average, equities research analysts expect that Northern Trust Co. will post 6.32 earnings per share for the current fiscal year.

Northern Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Friday, March 8th will be issued a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 3.42%. The ex-dividend date of this dividend is Thursday, March 7th. Northern Trust’s dividend payout ratio (DPR) is 59.06%.

About Northern Trust

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.