Koshinski Asset Management Inc. Takes Position in Northern Trust Co. (NASDAQ:NTRS)

Koshinski Asset Management Inc. acquired a new stake in Northern Trust Co. (NASDAQ:NTRS) in the 1st quarter, HoldingsChannel reports. The fund acquired 7,243 shares of the asset manager’s stock, valued at approximately $644,000.

Several other large investors also recently made changes to their positions in the stock. Spartan Planning & Wealth Management boosted its position in Northern Trust by 10,566.7% during the fourth quarter. Spartan Planning & Wealth Management now owns 320 shares of the asset manager’s stock worth $27,000 after purchasing an additional 317 shares during the period. Fortitude Family Office LLC bought a new position in Northern Trust during the fourth quarter worth $28,000. Quent Capital LLC boosted its position in Northern Trust by 77.8% during the fourth quarter. Quent Capital LLC now owns 361 shares of the asset manager’s stock worth $30,000 after purchasing an additional 158 shares during the period. Allworth Financial LP boosted its position in Northern Trust by 94.1% during the fourth quarter. Allworth Financial LP now owns 359 shares of the asset manager’s stock worth $30,000 after purchasing an additional 174 shares during the period. Finally, Bruce G. Allen Investments LLC bought a new position in Northern Trust during the fourth quarter worth $45,000. Institutional investors and hedge funds own 83.19% of the company’s stock.

Wall Street Analyst Weigh In

NTRS has been the subject of a number of research analyst reports. The Goldman Sachs Group reduced their price objective on shares of Northern Trust from $94.00 to $84.00 and set a “neutral” rating for the company in a research report on Tuesday, July 2nd. Bank of America boosted their target price on shares of Northern Trust from $93.00 to $101.00 and gave the company a “buy” rating in a research report on Wednesday, April 17th. Keefe, Bruyette & Woods reduced their target price on shares of Northern Trust from $92.00 to $85.00 and set a “market perform” rating for the company in a research report on Thursday, June 27th. Jefferies Financial Group boosted their target price on shares of Northern Trust from $101.00 to $103.00 and gave the company a “buy” rating in a research report on Thursday, April 18th. Finally, Evercore ISI boosted their target price on shares of Northern Trust from $86.00 to $87.00 and gave the company an “in-line” rating in a research report on Thursday, April 4th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $86.75.

Insiders Place Their Bets

In other Northern Trust news, insider Steven L. Fradkin sold 4,097 shares of the business’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $82.56, for a total transaction of $338,248.32. Following the completion of the transaction, the insider now owns 46,078 shares of the company’s stock, valued at $3,804,199.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, insider Peter Cherecwich sold 12,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $87.09, for a total value of $1,045,080.00. Following the sale, the insider now directly owns 31,471 shares in the company, valued at $2,740,809.39. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Steven L. Fradkin sold 4,097 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $82.56, for a total value of $338,248.32. Following the completion of the sale, the insider now owns 46,078 shares in the company, valued at $3,804,199.68. The disclosure for this sale can be found here. Insiders own 0.64% of the company’s stock.

Northern Trust Price Performance

NTRS stock traded down $0.45 during midday trading on Friday, reaching $85.78. The company had a trading volume of 166,853 shares, compared to its average volume of 1,386,575. The company has a market capitalization of $17.55 billion, a price-to-earnings ratio of 19.00, a price-to-earnings-growth ratio of 1.21 and a beta of 1.10. The stock has a 50 day moving average price of $84.09 and a 200-day moving average price of $83.32. Northern Trust Co. has a 1-year low of $62.44 and a 1-year high of $92.46. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.71 and a quick ratio of 0.71.

Northern Trust (NASDAQ:NTRS) last issued its earnings results on Wednesday, July 17th. The asset manager reported $1.78 EPS for the quarter, topping the consensus estimate of $1.75 by $0.03. The firm had revenue of $2.72 billion during the quarter, compared to the consensus estimate of $1.84 billion. Northern Trust had a return on equity of 12.24% and a net margin of 10.53%. The business’s quarterly revenue was up 53.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.79 earnings per share. Equities research analysts expect that Northern Trust Co. will post 6.91 earnings per share for the current year.

Northern Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Friday, September 6th will be paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 3.50%. The ex-dividend date of this dividend is Friday, September 6th. Northern Trust’s payout ratio is 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.