Northern Trust Co. (NASDAQ:NTRS) Shares Sold by Bartlett & CO. Wealth Management LLC

Bartlett & CO. Wealth Management LLC reduced its holdings in shares of Northern Trust Co. (NASDAQ:NTRS) by 2.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 16,105 shares of the asset manager’s stock after selling 450 shares during the quarter. Bartlett & CO. Wealth Management LLC’s holdings in Northern Trust were worth $1,663,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in NTRS. Brooklyn Investment Group boosted its holdings in Northern Trust by 51.2% in the fourth quarter. Brooklyn Investment Group now owns 378 shares of the asset manager’s stock valued at $39,000 after purchasing an additional 128 shares in the last quarter. Northwest Investment Counselors LLC purchased a new position in shares of Northern Trust in the 3rd quarter valued at $39,000. Capital Performance Advisors LLP acquired a new stake in Northern Trust during the 3rd quarter worth $48,000. Friedenthal Financial purchased a new stake in Northern Trust in the fourth quarter valued at $57,000. Finally, Eastern Bank acquired a new position in Northern Trust in the third quarter valued at $51,000. Hedge funds and other institutional investors own 83.19% of the company’s stock.

Insider Buying and Selling

In related news, Vice Chairman Steven L. Fradkin sold 9,100 shares of Northern Trust stock in a transaction on Friday, November 29th. The stock was sold at an average price of $111.00, for a total transaction 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 document filed with the SEC, which can be accessed through this link. Also, COO Peter Cherecwich sold 16,153 shares of the business’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $105.18, for a total value of $1,698,972.54. Following the sale, the chief operating officer now owns 4,397 shares in the company, valued at approximately $462,476.46. The trade was a 78.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 30,253 shares of company stock valued at $3,238,073. Corporate insiders own 0.64% of the company’s stock.

Northern Trust Price Performance

Shares of NTRS opened at $109.54 on Friday. The firm has a market capitalization of $21.71 billion, a PE ratio of 13.62, a P/E/G ratio of 1.23 and a beta of 1.08. The stock’s 50 day moving average is $105.76 and its two-hundred day moving average is $96.30. Northern Trust Co. has a twelve month low of $76.67 and a twelve month high of $111.87. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.58.

Northern Trust (NASDAQ:NTRS) last announced its quarterly earnings data on Thursday, January 23rd. The asset manager reported $2.26 earnings per share for the quarter, topping analysts’ consensus estimates of $1.96 by $0.30. Northern Trust had a return on equity of 12.75% and a net margin of 10.92%. Research analysts anticipate that Northern Trust Co. will post 7.56 earnings per share for the current year.

Northern Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be paid a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 2.74%. The ex-dividend date is Friday, March 14th. Northern Trust’s dividend payout ratio (DPR) is 37.31%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. StockNews.com cut Northern Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft increased their price objective on Northern Trust from $100.00 to $108.00 and gave the company a “hold” rating in a report on Monday, November 11th. Evercore ISI lifted their target price on shares of Northern Trust from $86.00 to $103.00 and gave the company an “in-line” rating in a report on Thursday, October 24th. Keefe, Bruyette & Woods increased their price target on shares of Northern Trust from $100.00 to $113.00 and gave the stock a “market perform” rating in a research note on Tuesday, December 3rd. Finally, Royal Bank of Canada lifted their price objective on shares of Northern Trust from $100.00 to $107.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $107.17.

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.