Walter & Keenan Wealth Management LLC IN ADV Trims Stock Position in Northern Trust Co. (NASDAQ:NTRS)

Walter & Keenan Wealth Management LLC IN ADV decreased its position in Northern Trust Co. (NASDAQ:NTRS) by 0.2% in the fourth quarter, Holdings Channel reports. The firm owned 42,158 shares of the asset manager’s stock after selling 100 shares during the period. Northern Trust accounts for 1.3% of Walter & Keenan Wealth Management LLC IN ADV’s investment portfolio, making the stock its 21st largest holding. Walter & Keenan Wealth Management LLC IN ADV’s holdings in Northern Trust were worth $4,321,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of NTRS. FMR LLC lifted its position in shares of Northern Trust by 9.3% in the 3rd quarter. FMR LLC now owns 18,187,663 shares of the asset manager’s stock worth $1,637,435,000 after purchasing an additional 1,542,685 shares during the period. KBC Group NV raised its stake in Northern Trust by 201.6% in the fourth quarter. KBC Group NV now owns 963,811 shares of the asset manager’s stock worth $98,791,000 after buying an additional 644,261 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Northern Trust by 9.9% during the third quarter. JPMorgan Chase & Co. now owns 4,296,442 shares of the asset manager’s stock worth $386,809,000 after buying an additional 388,692 shares during the period. Robeco Institutional Asset Management B.V. boosted its position in Northern Trust by 62.8% during 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 acquiring an additional 261,797 shares in the last quarter. Finally, International Assets Investment Management LLC boosted its position in Northern Trust by 93,421.2% during the 3rd quarter. International Assets Investment Management LLC now owns 185,172 shares of the asset manager’s stock valued at $152,194,000 after acquiring an additional 184,974 shares in the last quarter. Institutional investors own 83.19% of the company’s stock.

Insider Activity

In other Northern Trust news, Vice Chairman Steven L. Fradkin sold 9,100 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $111.00, for a total value of $1,010,100.00. Following the completion of the transaction, the insider now directly owns 47,797 shares of the company’s stock, valued at approximately $5,305,467. The trade was a 15.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Peter Cherecwich sold 26,132 shares of the company’s stock in a transaction that occurred on Wednesday, January 29th. The stock was sold at an average price of $112.36, for a total value of $2,936,191.52. Following the completion of the sale, the chief operating officer now owns 26,586 shares in the company, valued at approximately $2,987,202.96. This represents a 49.57 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 40,631 shares of company stock valued at $4,550,459 in the last ninety days. Insiders own 0.64% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on NTRS shares. Evercore ISI upped their price objective on Northern Trust from $86.00 to $103.00 and gave the stock an “in-line” rating in a research note on Thursday, October 24th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Northern Trust from $100.00 to $108.00 and gave the stock a “hold” rating in a report on Monday, November 11th. The Goldman Sachs Group raised their price target on shares of Northern Trust from $92.00 to $102.00 and gave the company a “sell” rating in a report on Friday, January 24th. UBS Group boosted their price objective on shares of Northern Trust from $110.00 to $114.00 and gave the stock a “neutral” rating in a research note on Monday, January 27th. Finally, Morgan Stanley lowered their target price on shares of Northern Trust from $127.00 to $125.00 and set an “equal weight” rating for the company in a research note on Friday, January 3rd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $112.58.

Northern Trust Stock Performance

Shares of NTRS stock opened at $113.51 on Monday. The business has a fifty day moving average of $106.44 and a 200 day moving average of $98.43. Northern Trust Co. has a 1 year low of $76.67 and a 1 year high of $114.67. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.71. The firm has a market capitalization of $22.50 billion, a price-to-earnings ratio of 11.61, a price-to-earnings-growth ratio of 1.74 and a beta of 1.08.

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

Northern Trust Announces Dividend

The firm 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. This represents a $3.00 annualized dividend and a yield of 2.64%. The ex-dividend date of this dividend is Friday, March 14th. Northern Trust’s payout ratio is 30.67%.

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.