Madison Investment Advisors LLC Makes New Investment in Northern Trust Co. (NASDAQ:NTRS)

Madison Investment Advisors LLC acquired a new position in Northern Trust Co. (NASDAQ:NTRS) during the fourth quarter, according to the company in its most recent filing with the SEC. The fund acquired 73,265 shares of the asset manager’s stock, valued at approximately $7,510,000.

A number of other institutional investors have also recently added to or reduced their stakes in NTRS. Y.D. More Investments Ltd increased its position in shares of Northern Trust by 118.4% in the 4th quarter. Y.D. More Investments Ltd now owns 249 shares of the asset manager’s stock worth $26,000 after purchasing an additional 135 shares during the last quarter. Assetmark Inc. increased its position in shares of Northern Trust by 528.3% in the 4th quarter. Assetmark Inc. now owns 377 shares of the asset manager’s stock worth $39,000 after purchasing an additional 317 shares during the last quarter. Brooklyn Investment Group increased its position in shares of Northern Trust by 51.2% in the 4th quarter. Brooklyn Investment Group now owns 378 shares of the asset manager’s stock worth $39,000 after purchasing an additional 128 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Northern Trust by 83.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 494 shares of the asset manager’s stock worth $51,000 after purchasing an additional 224 shares during the last quarter. Finally, Friedenthal Financial bought a new stake in shares of Northern Trust in the 4th quarter worth about $57,000. Institutional investors and hedge funds own 83.19% of the company’s stock.

Insider Transactions at Northern Trust

In related news, COO Peter Cherecwich sold 26,132 shares of the stock in a transaction that occurred on Wednesday, January 29th. The shares were 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 directly owns 26,586 shares of the company’s stock, valued at $2,987,202.96. This represents a 49.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Jane Karpinski sold 2,262 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $111.33, for a total transaction of $251,828.46. Following 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 ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 35,335 shares of company stock valued at $3,970,211. Company insiders own 0.64% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on NTRS. Truist Financial boosted 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. The Goldman Sachs Group boosted their price objective on shares of Northern Trust from $92.00 to $102.00 and gave the company a “sell” rating in a research report on Friday, January 24th. Barclays boosted their price objective on shares of Northern Trust from $115.00 to $118.00 and gave the company an “equal weight” rating in a research report on Monday, January 6th. StockNews.com downgraded shares of Northern Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. 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 research report on Monday, January 27th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Northern Trust has a consensus rating of “Hold” and a consensus price target of $113.50.

Northern Trust Price Performance

NASDAQ NTRS opened at $98.77 on Friday. The company has a 50-day moving average price of $107.42 and a two-hundred day moving average price of $102.37. The stock has a market cap of $19.33 billion, a price-to-earnings ratio of 10.10, a price-to-earnings-growth ratio of 1.72 and a beta of 1.07. Northern Trust Co. has a 52 week low of $79.32 and a 52 week high of $114.67. The company has a current ratio of 0.68, a quick ratio of 0.71 and a debt-to-equity ratio of 0.58.

Northern Trust (NASDAQ:NTRS) last issued 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%. Analysts forecast that Northern Trust Co. will post 8.27 EPS for the current year.

Northern Trust Announces Dividend

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. This represents a $3.00 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date of this dividend is Friday, March 14th. Northern Trust’s dividend payout ratio is currently 30.67%.

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.