Chicago Capital LLC Acquires 365 Shares of Northern Trust Co. (NASDAQ:NTRS)

Chicago Capital LLC lifted its holdings in shares of Northern Trust Co. (NASDAQ:NTRS) by 2.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 13,617 shares of the asset manager’s stock after acquiring an additional 365 shares during the quarter. Chicago Capital LLC’s holdings in Northern Trust were worth $1,396,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. Ballentine Partners LLC boosted its stake in Northern Trust by 4.4% in the fourth quarter. Ballentine Partners LLC now owns 2,483 shares of the asset manager’s stock valued at $255,000 after buying an additional 105 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Northern Trust by 9.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,296,442 shares of the asset manager’s stock valued at $386,809,000 after purchasing an additional 388,692 shares in the last quarter. Kovitz Investment Group Partners LLC grew its holdings in shares of Northern Trust by 68.1% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 13,765 shares of the asset manager’s stock valued at $1,239,000 after purchasing an additional 5,578 shares during the last quarter. Agate Pass Investment Management LLC acquired a new position in Northern Trust during the 4th quarter worth approximately $538,000. Finally, Martingale Asset Management L P lifted its stake in Northern Trust by 8.4% in the 3rd quarter. Martingale Asset Management L P now owns 59,118 shares of the asset manager’s stock valued at $5,322,000 after purchasing an additional 4,564 shares during the last quarter. Institutional investors own 83.19% of the company’s stock.

Northern Trust Trading Down 1.3 %

Northern Trust stock opened at $110.82 on Tuesday. Northern Trust Co. has a one year low of $76.67 and a one year high of $114.21. The business’s fifty day moving average is $106.25 and its 200 day moving average is $97.59. 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 stock has a market capitalization of $21.97 billion, a PE ratio of 11.33, a price-to-earnings-growth ratio of 1.72 and a beta of 1.08.

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

Northern Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 2.71%. The ex-dividend date of this dividend is Friday, March 14th. Northern Trust’s dividend payout ratio (DPR) is currently 30.67%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Evercore ISI lifted their price target on Northern Trust from $86.00 to $103.00 and gave the company an “in-line” rating in a research note on Thursday, October 24th. Wells Fargo & Company boosted their target price on shares of Northern Trust from $108.00 to $110.00 and gave the stock an “equal weight” rating in a report on Friday, November 15th. Keefe, Bruyette & Woods raised their price target on shares of Northern Trust from $113.00 to $122.00 and gave the company a “market perform” rating in a research note on Friday, January 24th. Morgan Stanley reduced their price objective on shares of Northern Trust from $127.00 to $125.00 and set an “equal weight” rating on the stock in a research note on Friday, January 3rd. Finally, Bank of America raised their target price on Northern Trust from $103.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $112.58.

Insider Activity

In related news, insider Jason J. Tyler sold 2,237 shares of the stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $112.67, for a total transaction of $252,042.79. Following the sale, the insider now owns 58,449 shares in the company, valued at approximately $6,585,448.83. This represents a 3.69 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Peter Cherecwich sold 26,132 shares of the firm’s stock in a transaction dated Wednesday, January 29th. The stock was sold at an average price of $112.36, for a total transaction of $2,936,191.52. Following the completion of the sale, the chief operating officer now owns 26,586 shares of the company’s stock, valued at $2,987,202.96. This trade represents a 49.57 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 58,622 shares of company stock worth $6,426,307 over the last quarter. Insiders own 0.64% of the company’s stock.

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.