Oceanside Advisors LLC Acquires 300 Shares of Northern Trust Co. (NASDAQ:NTRS)

Oceanside Advisors LLC boosted its stake in shares of Northern Trust Co. (NASDAQ:NTRS) by 8.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 3,803 shares of the asset manager’s stock after buying an additional 300 shares during the quarter. Oceanside Advisors LLC’s holdings in Northern Trust were worth $390,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Allworth Financial LP lifted its position in shares of Northern Trust by 9.1% in the third quarter. Allworth Financial LP now owns 1,170 shares of the asset manager’s stock valued at $105,000 after buying an additional 98 shares during the last quarter. Juncture Wealth Strategies LLC raised its position in shares of Northern Trust by 2.4% in the fourth quarter. Juncture Wealth Strategies LLC now owns 4,212 shares of the asset manager’s stock valued at $432,000 after purchasing an additional 100 shares during the period. Ballentine Partners LLC lifted its stake in shares of Northern Trust by 4.4% during the 4th quarter. Ballentine Partners LLC now owns 2,483 shares of the asset manager’s stock worth $255,000 after buying an additional 105 shares during the last quarter. Pallas Capital Advisors LLC boosted its holdings in shares of Northern Trust by 1.8% during the 4th quarter. Pallas Capital Advisors LLC now owns 6,091 shares of the asset manager’s stock worth $624,000 after buying an additional 107 shares during the period. Finally, Mesirow Financial Investment Management Inc. grew its stake in Northern Trust by 0.4% in the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 35,673 shares of the asset manager’s stock valued at $3,212,000 after buying an additional 127 shares during the last quarter. 83.19% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Northern Trust

In related news, insider Jason J. Tyler sold 2,237 shares of the business’s 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 $6,585,448.83. The trade was a 3.69 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Jane Karpinski sold 2,262 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $111.33, for a total value of $251,828.46. Following the completion of the transaction, the executive vice president now owns 17,236 shares of the company’s stock, valued at $1,918,883.88. This represents a 11.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 40,631 shares of company stock valued at $4,550,459. 0.64% of the stock is owned by insiders.

Northern Trust Stock Performance

Shares of NASDAQ:NTRS opened at $111.00 on Tuesday. Northern Trust Co. has a 1 year low of $76.67 and a 1 year high of $114.67. The stock has a market capitalization of $22.00 billion, a price-to-earnings ratio of 11.35, a price-to-earnings-growth 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. The company’s 50 day simple moving average is $106.44 and its 200 day simple moving average is $98.51.

Northern Trust (NASDAQ:NTRS) last posted its quarterly earnings results on Thursday, January 23rd. The asset manager reported $2.26 EPS for the quarter, topping analysts’ consensus estimates 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 predict that Northern Trust Co. will post 8.2 EPS for the current fiscal year.

Northern Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders 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 dividend yield of 2.70%. Northern Trust’s payout ratio is currently 30.67%.

Analyst Upgrades and Downgrades

NTRS has been the subject of a number of research analyst reports. Royal Bank of Canada boosted their price objective on Northern Trust from $107.00 to $115.00 and gave the stock an “outperform” rating in a report on Friday, January 24th. Bank of America upped their price objective on Northern Trust from $103.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, October 24th. StockNews.com raised shares of Northern Trust from a “hold” rating to a “buy” rating in a research report on Friday, January 24th. Keefe, Bruyette & Woods raised their price target on shares of 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, UBS Group boosted their price objective on shares of Northern Trust from $110.00 to $114.00 and gave the company a “neutral” rating in a report on Monday, January 27th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $112.58.

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.