Stiles Financial Services Inc Buys 453 Shares of Northern Trust Co. (NASDAQ:NTRS)

Stiles Financial Services Inc increased its stake in shares of Northern Trust Co. (NASDAQ:NTRS) by 3.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,549 shares of the asset manager’s stock after buying an additional 453 shares during the quarter. Stiles Financial Services Inc’s holdings in Northern Trust were worth $1,389,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Brookstone Capital Management grew its position in Northern Trust by 6.0% during the 3rd quarter. Brookstone Capital Management now owns 7,316 shares of the asset manager’s stock worth $659,000 after acquiring an additional 417 shares during the last quarter. CWM LLC grew its holdings in shares of Northern Trust by 26.1% during the third quarter. CWM LLC now owns 12,183 shares of the asset manager’s stock worth $1,097,000 after purchasing an additional 2,520 shares during the last quarter. UMB Bank n.a. increased its stake in shares of Northern Trust by 5.4% in the third quarter. UMB Bank n.a. now owns 4,328 shares of the asset manager’s stock valued at $390,000 after buying an additional 221 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt raised its holdings in shares of Northern Trust by 303.0% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 798 shares of the asset manager’s stock valued at $72,000 after buying an additional 600 shares during the last quarter. Finally, Ritholtz Wealth Management acquired a new position in Northern Trust during the 3rd quarter worth about $488,000. Institutional investors and hedge funds own 83.19% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on NTRS. Truist Financial raised their price objective on shares of Northern Trust from $110.00 to $116.00 and gave the company a “hold” rating in a research report on Friday, January 24th. Wells Fargo & Company boosted their price objective on shares of Northern Trust from $108.00 to $110.00 and gave the stock an “equal weight” rating in a research report on Friday, November 15th. 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 research report on Monday, November 11th. Keefe, Bruyette & Woods boosted their target price on Northern Trust from $113.00 to $122.00 and gave the stock a “market perform” rating in a research report on Friday, January 24th. Finally, Bank of America raised their price target on Northern Trust from $103.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, October 24th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $112.58.

Northern Trust Stock Performance

Shares of NASDAQ:NTRS opened at $113.51 on Monday. The firm’s 50 day simple moving average is $106.44 and its 200 day simple moving average is $98.43. Northern Trust Co. has a fifty-two week low of $76.67 and a fifty-two week high of $114.67. The company has a market capitalization of $22.50 billion, a price-to-earnings ratio of 11.61, a P/E/G ratio of 1.74 and a beta of 1.08. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.71.

Northern Trust (NASDAQ:NTRS) last announced its quarterly earnings results 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 net margin of 12.77% and a return on equity of 13.74%. As a group, sell-side analysts forecast that Northern Trust Co. will post 8.2 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, April 1st. Shareholders of record on Friday, March 14th will be paid a $0.75 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $3.00 dividend on an annualized basis and a yield of 2.64%. Northern Trust’s payout ratio is 30.67%.

Insiders Place Their Bets

In related news, EVP Jane Karpinski sold 2,262 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $111.33, for a total transaction of $251,828.46. Following the completion of the sale, the executive vice president now directly owns 17,236 shares of the company’s stock, valued at approximately $1,918,883.88. This represents a 11.60 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jason J. Tyler sold 2,237 shares of the firm’s stock in a transaction that occurred 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 $6,585,448.83. This trade represents a 3.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 40,631 shares of company stock worth $4,550,459 over the last ninety days. 0.64% of the stock is currently owned by corporate insiders.

About Northern Trust

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.