CoreFirst Bank & Trust Takes $131,000 Position in Northern Trust Co. (NASDAQ:NTRS)

CoreFirst Bank & Trust bought a new position in Northern Trust Co. (NASDAQ:NTRS) in the fourth quarter, according to its most recent filing with the SEC. The firm bought 1,277 shares of the asset manager’s stock, valued at approximately $131,000.

Other large investors also recently bought and sold shares of the company. Y.D. More Investments Ltd increased its holdings in shares of Northern Trust by 118.4% in the fourth quarter. Y.D. More Investments Ltd now owns 249 shares of the asset manager’s stock valued at $26,000 after purchasing an additional 135 shares during the period. Empirical Asset Management LLC acquired a new position in Northern Trust in the 4th quarter worth approximately $33,000. Brooklyn Investment Group raised its position in Northern Trust by 51.2% during the 4th quarter. Brooklyn Investment Group now owns 378 shares of the asset manager’s stock worth $39,000 after buying an additional 128 shares during the last quarter. Assetmark Inc. lifted its stake in Northern Trust by 528.3% during the 4th quarter. Assetmark Inc. now owns 377 shares of the asset manager’s stock valued at $39,000 after acquiring an additional 317 shares during the period. Finally, Proficio Capital Partners LLC purchased a new stake in shares of Northern Trust in the 4th quarter valued at $51,000. Hedge funds and other institutional investors own 83.19% of the company’s stock.

Insiders Place Their Bets

In other Northern Trust news, insider Jason J. Tyler sold 2,237 shares of the firm’s stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $112.67, for a total value of $252,042.79. Following the completion of the sale, the insider now directly owns 58,449 shares of the company’s stock, valued at $6,585,448.83. This trade represents a 3.69 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Thomas A. South sold 3,804 shares of the company’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $113.00, for a total transaction of $429,852.00. Following the completion of the sale, the executive vice president now directly owns 81,794 shares of the company’s stock, valued at $9,242,722. This represents a 4.44 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 35,335 shares of company stock valued at $3,970,211 in the last ninety days. 0.64% of the stock is currently owned by corporate insiders.

Northern Trust Trading Up 0.2 %

NTRS stock opened at $101.60 on Wednesday. Northern Trust Co. has a 12-month low of $79.32 and a 12-month high of $114.67. The business’s 50-day moving average is $107.45 and its 200 day moving average is $102.74. The company has a current ratio of 0.68, a quick ratio of 0.71 and a debt-to-equity ratio of 0.58. The stock has a market cap of $19.88 billion, a price-to-earnings ratio of 10.39, a PEG ratio of 1.72 and a beta of 1.07.

Northern Trust (NASDAQ:NTRS) last announced its earnings results 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 net margin of 12.77% and a return on equity of 13.74%. On average, sell-side analysts anticipate that Northern Trust Co. will post 8.27 EPS for the current fiscal 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 issued a $0.75 dividend. The ex-dividend date is Friday, March 14th. This represents a $3.00 dividend on an annualized basis and a yield of 2.95%. Northern Trust’s payout ratio is 30.67%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on NTRS. The Goldman Sachs Group raised their target price on shares of Northern Trust from $92.00 to $102.00 and gave the stock a “sell” rating in a report on Friday, January 24th. Royal Bank of Canada boosted their price objective on Northern Trust from $107.00 to $115.00 and gave the company an “outperform” rating in a report on Friday, January 24th. Truist Financial raised their target price on Northern Trust from $110.00 to $116.00 and gave the stock a “hold” rating in a report on Friday, January 24th. Citigroup decreased their price target on Northern Trust from $110.00 to $105.00 and set a “neutral” rating for the company in a report on Monday. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Northern Trust from $113.00 to $122.00 and gave the company a “market perform” rating in a report on Friday, January 24th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $112.85.

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.